🇻🇳 Vietnam · Business Banking
Opening business and personal bank accounts, remote options, required documents, and fees.
Quick answer
Vietnamese banking is modernising fast with strong mobile and QR payments. Foreigners can open accounts, usually needing a passport and often a work permit or residence card; the State Bank of Vietnam regulates banks.
Vietnam banking for companies is supervised by the State Bank of Vietnam and usually separates ordinary operating accounts from foreign-investment capital accounts used for investment flows.
- Foreign-invested enterprises should confirm direct-investment capital-account requirements with a licensed bank before funding the company.
- Indirect portfolio investment is routed through a VND indirect investment capital account at an authorised bank.
- KYC, tax code, enterprise registration and authorised-signatory documents are normally requested for corporate banking.
Official authorities
- State Bank of Vietnam
Central bank and banking regulator.
- Government Portal — indirect investment capital account
Official government explainer on indirect investment capital accounts.
Frequently asked questions
Can foreigners open a Vietnamese bank account?
Yes — typically with a passport and often a work permit, temporary residence card or proof of address; requirements vary by bank.
Are mobile payments common?
Yes — QR-code and e-wallet payments are widely used in cities alongside cards.
Are there currency controls?
Yes — Vietnam regulates foreign-exchange transactions and moving currency abroad; check rules for large transfers.
Official-information aggregation, not legal advice. Always verify on the authority's own site.