Frequent question: What is the best bank in Vietnam?

Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report.

What is the best bank for foreigners in Vietnam?

What are the best banks in Vietnam for foreigners?

  • Saigon-Hanoi Commercial Joint Stock Bank (SHB)
  • Vietnam Technological and Commercial Joint Stock Bank (Techcombank)
  • Saigon Commercial Bank (SCB)
  • Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank)
  • Vietnam Prosperity Joint-Stock Commercial Bank (VPBank)

What is the biggest bank in Vietnam?

Largest banks

  • VietinBank $1.56 billion (32,661 billion VND)
  • Agribank $1.39 billion (29,154 billion VND)
  • Vietcombank $1.10 billion (23,174 billion VND)
  • BIDV $1.10 billion (23,011 billion VND)
  • Eximbank $0.59 billion (12,355 billion VND)

Can foreigners open bank account in Vietnam?

As a non-resident in Vietnam, a foreigner is welcome and has the freedom to open a bank account in the country. This is highly recommended for quick and convenient transactions, especially if you are planning to reside in Vietnam for more than six (6) months or directly invest to the Vietnamese market.

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What are the international banks in Vietnam?

What are the popular foreign banks in Vietnam?

  • Hongkong – Shanghai Bank Vietnam Limited (HSBC)
  • Australia and New Zealand Banking Group Limited (ANZ Bank)
  • Standard Chartered.
  • Citibank Vietnam.
  • Shinhan Vietnam.
  • United Overseas Bank Limited (UOB)

Is there a Wells Fargo bank in Vietnam?

There are five U.S. banks and financial institutions operating in Vietnam. Citibank and Far East National Bank have branches, Wells Fargo and Visa International have representative offices, and JP Morgan Chase has both a branch and a representative office.

Can I open bank account in Vietnam?

Answer: Definitely YES. The government provides ex-pats with opportunities to open an account while working and living in our country. No matter who you are, what your nationality is, following the regulation helps you have a bank account in Vietnam.

Is there a Chase bank in Vietnam?

J.P.Morgan Chase Bank N.A. has maintain a direct presence in Vietnam since 1995 by operating a branch in Ho Chi Minh City and a representative office in Hanoi.

Does Vietnam have a central bank?

The State Bank of Vietnam (Vietnamese: Ngân hàng Nhà nước Việt Nam) is the central bank of Vietnam. It currently holds an about 65% stake of VietinBank – the country’s largest listed bank by capital.

Can a foreigner buy a property in Vietnam?

The law on land ownership in Vietnam is valid for all types of property. A foreign owner can purchase an apartment, house, villa or land. Foreign individuals and foreign entities cannot hold more than 30% of the shares of a building or more than 250 properties in the same district.

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Is there any US bank in Vietnam?

There are five U.S. banks and financial institutions operating in Vietnam. Citibank and Far East National Bank have branches, Wells Fargo and Visa International have representative offices, and JP Morgan Chase has both a branch and a representative office.

How much do I need to open a bank account in Vietnam?

Basically, you can open a bank account in Vietnam with no upfront fees at all. For instance, the Joint-Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), only requires you to keep a balance of VND 50,000 (approximately US$ 2.15).

How much money can you take out of Vietnam?

If you plan to take money out of Vietnam, you can take out amounts of less than 15 million in Vietnamese dong or USD5000 (or equivalent in other foreign currencies) without declaring this. Any amount in excess of this will need to be declared to Customs at the airport.

Which bank is best for foreigners?

Best banks for international travel

  • Charles Schwab Bank: Best for using ATMs.
  • Capital One 360: Best on foreign transaction fees.
  • HSBC Bank: Best for expats.
  • Citibank: Best for wiring money.

Does Vietnam have HSBC?

HSBC Bank (Vietnam) Ltd. is also the first wholly foreign-owned bank to operate both branches and transaction offices in Vietnam. HSBC is currently one of the largest foreign banks in Vietnam.

Can I open Revolut account in Vietnam?

We are currently only supporting legal residents of the European Economic Area (EEA), Australia, Singapore, Switzerland, Japan, the United Kingdom and the United States.

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