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Vietnam Bank Account Requirements

By Vietnamese law, all banks are required to verify your identity before you can open an account. To do this, you must present certain documents to prove your identity, including primary photographic identification (e.g., passport, driver’s license) and primary non-photographic identification (e.g., birth certificate, pension card, visa, residential permit), and possibly secondary identification.  In Vietnam, you’ll need to present your passport with a valid visa, a residency card, and a work contract. You may also be required to furnish proof of a local address and a minimum deposit. Non-residents are not permitted to open an account from overseas. Contact your bank for its exact requirements.

You’ll need to decide what type of account(s) you want to open, which will depend on how you like to access your money and how frequently you’d like to do so.

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