Bank Account Setup

Open a suitable bank account for your presence in Vietnam.

1. Tài khoản vốn đầu tư trực tiếp (DICA) | Direct Investment Capital Account (DICA) | 直接投资资金账户 (DICA)

Who is Required:

- Essential for FDI (Foreign Direct Investment) Enterprises

- Mandatory for Foreign Investors in Business Operation Contracts

- Required for Foreign investors in Public-Private Partnership Contract projects when the project is in the pre-establishment phase

Purpose and Use:

- Aids in the injection of initial capital

- Facilitates receiving foreign loans

- Allows for the transfer of profits overseas

- Supports capital expenditure originating from countries outside Vietnam

Dossier Needed:

- Bank Account Opening Form

- Written Justification

- Legal Status Documents

- Certificate of Off-Shore Investment

- Investment Approval Documents

- Investment Capital Contribution Plan

- Document for Opening Off-Shore DICA

- Enterprise Registration Certificate & Investment Registration Certificate

2. Tài khoản vốn đầu tư gián tiếp (IICA) | Indirect Investment Capital Account (IICA) | 间接投资资金账户 (IICA)

Who is Required:

- Mandatory for Foreign Investors engaged in indirect investments

- Required for foreign investors in non-listed Vietnamese enterprises and securities trading

Purpose and Use:

- Designed for indirect investment operations in Vietnam

- Enables participation in the Vietnamese securities and capital markets

- Allows for diverse investments including bonds, stocks, and other financial instruments

Dossier Needed:

- Bank Account Opening Form

- Written Justification

- Legal Status Documents

- Certificate of Off-Shore Investment

- Investment Approval Documents

- Investment Capital Contribution Plan

- Document for Opening Off-Shore DICA

- Enterprise Registration Certificate & Investment Registration Certificate

Different Types of Bank Accounts in Vietnam

3. Tài khoản doanh nghiệp trong nước | Local Business Account | 本地公司账户

Who is Required:

- An organization is a legal entity (limited liability company, joint stock company, etc.)

- Private enterprise (owned by an individual who is responsible with all his or her own assets for all activities of the enterprise)

- Business households (established by an individual or household members who are responsible for all their assets for the household's business activities) and other organizations

Estimated Time:

- Depends on the bank, can be as short as 1 hour to 1 working day

Dossier Needed (can be submitted online):

- Enterprise Registration Certificate

- CCCD/ID card Legal representative of account holder & Chief Accountant/Person in charge of accounting, authorized person of KTT/NPTKT accountant (if authorized).

- Certificate of seal sample registration for customers who are businesses established before July 1, 2015

- CCCD/ID card of the ultimate beneficial owner

- Minutes/Resolution/Decision to appoint the position of Chief Accountant/Person in charge of accounting or contract to hire Accounting services

4. Tài khoản cá nhân trong nước | Local Personal Account | 本地个人账户

Who is Required:

- An organization is a legal entity (limited liability company, joint stock company, etc.)

- Private enterprise (owned by an individual who is responsible with all his or her own assets for all activities of the enterprise)

- Business households (established by an individual or household members who are responsible for all their assets for the household's business activities) and other organizations

Estimated Time:

- Depends on the bank, can be as short as 5 minutes

Dossier Needed (can be submitted online):

- Phone number

- ID card