Requirements
1.
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Application for opening account - Customer information registration (2 original )
This form is of the BIDV bank. The form could vary from bank to bank. BIDV here requires 02 (two) originals be submitted, of which one shall be certified by BIDV as "Received" and other be handed out to investors as the evidence of the receipt of the request.
2.
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Authenticated copy of investment certificate (BCC-outside IZ)
Time frame
As soon as the result (Bank account notification) is issued to client, its account is alrealdy activated and available to use.
Waiting time in queue:
Min. 5mn - Max. 10mn
Attention at counter:
Min. 15mn - Max. 30mn
Legal justification
1.
Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH11 dated 13 Dec 2005 (as amended in 2013)
Article 11
The article 11 is amended by clause 4, article 1 of the Ordinance No. 06/2013/UBTVQH13 amending the Ordinance on Foreign Exchange 2005 which takes effect as from 01 Jan 2014.
2.
Ordinance amending and supplementing a number of articles of the Ordinance on foreign exchange control No. 06/2013/UBTVQH13
Article 1.4
It amends and supplements to the Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH11.
Additional information
Foreign investors joining the contract of business cooperation (BCC) must open account(s) of direct investment capital at an authorized credit institution. The contribution of investment capital, remittance of principal investment capital and profits and other lawful revenue must be effected via these account(s).
Investor should contact any commercial bank for detailed information (fee/interest rates/service...) so s/he could be able to compare and make the best option.
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List of commercial banks in Vinh Phuc (updated to 01 Oct 2013)
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