List of steps
(Total number of steps: 42)
Meet HHTP MB
Request a meeting with HHTP MB
Meet HHTP MB
Obtain written notification on appraisal of satisfying investment conditions  (2)
1
Submit application for appraisal, evaluation of technology or comformity of investment project
2
Collect written notification on appraisal of satisfying investment conditions
Define location plan for project using land  (2)
3
Submit application for defining location plan for project using land
4
Collect document on location recommendation
Legalize foreign documents  (3)
5
Apply for consular legalization
6
Pay consular legalization fee
7
Collect legalized documents
Translate foreign documents  (2)
8
Apply for translation and pay translation fees
9
Collect translated documents
Obtain Investment Registration Certificate (IRC)  (2)
10
Submit application for IRC
11
Collect IRC
Obtain tax registration Certificate  (2)
12
Submit tax registration certificate appilication
13
Collect tax registration certificate
Open bank account  (1)
14
Open bank account
Publish in newspaper  (1)
15
Publish in newspaper
Obtain approval on environmental impact assessment  (3)
16
Prepare EIA report
17
Submit application for approval on EIA report
Verify status of application file
18
Collect decision on EIA report approval
Obtain construction planning certificate or planning license  (2)
19
Submit application for construction planning certificate or planning license
20
Collect construction planning certificate or planning license
Prepare construction dossier (including: fire fighting design dossier)  (1)
21
Prepare construction dossier (including: fire fighting design dossier)
Obtain 1/500-scale detailed construction-planning tasks approval  (2)
Prepare construction design dossier
22
Submit application for 1/500-scale detailed construction-planning tasks approval
23
Collect 1/500-scale detailed construction-planning tasks approval
Obtain 1/500-scale detailed construction-planning blueprints approval  (2)
Prepare construction design dossier
24
Submit application for 1/500-scale detailed construction-planning blueprints approval
25
Collect 1/500-scale detailed construction-planning blueprints approval
Obtain fire prevention and fighting appraisal and approval (for conceptual design dossier)  (2)
Prepare construction design dossier
26
Submit application for fire prevention and fighting approval (for conceptual design dossier)
Verify status of application file
27
Collect written consideration and recommendation on fire prevention and fighting solutions
Obtain approval on conceptual design  (2)
Prepare construction design dossier
28
Submit application for approval on conceptual design
29
Collect approval on conceptual design
Obtain fire prevention and fighting approval (for construction drawings dossiers)  (2)
Prepare construction design dossier
30
Submit application for fire prevention and fighting approval (for technical design or design drawings for execution dossiers)
Verify status of application file
31
Collect fire prevention and fighting approval
Obtain current condition land map  (1)
32
Obtain current condition land map
Request for land lease  (5)
33
Submit application for land lease
34
Collect decision on land lease
35
Sign land lease contract
36
Receive landmarks and land plot on site
37
Collect notification on land rental
Declare and pay land rental  (1)
38
Pay land rental
Obtain land use right certificate  (2)
39
Submit application for land use right certificate
40
Collect land use right certificate
Obtain construction permit  (2)
Prepare construction design dossier
41
Submit application for construction permit
42
Collect construction permit

Preview & Print

Properties
 
14
Open bank account
(last modified: 23/03/2015)

Expected results

Bank account notification 01 - Bank account notification

Requirements

1. Application for opening bank account
Application for opening bank account (original)
2. Authenticated copy of Investment Registration Certificate
Authenticated copy of Investment Registration Certificate

Time frame

Depending on the bank, but generally it takes 10-15 minutes to open a bank account provided that the application meets the bank's requirements.
Waiting time in queue: Max. 5mn
Attention at counter: Min.  10mn - Max.  15mn

Legal justification

1. Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH11
Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH11
Article 11
2. Ordinance amending and supplementing a number of articles of the Ordinance on foreign exchange control No. 06/2013/UBTVQH13
Ordinance amending and supplementing a number of articles of the Ordinance on foreign exchange control No. 06/2013/UBTVQH13
Article 1.4

Additional information

The foreign owned capital company (or foreign party in Business Cooperation Contract) must open accounts of direct investment capital at an authorized credit institutions. The contribution of investment capital, remittance of principal investment capital and profits and other lawful revenue must be effected via these accounts.
There's no fee to open a bank account, but banks may request to keep a minimum account balance.
Each bank provides its own form for opening bank account and normally requires authenticated Investment Certificate.
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