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List of steps
(Total number of steps: 15)
Meet HAPI
Obtain certified copies of foreign documents  (2)
Obtain consular legalized copies of foreign documents  (3)
Obtain certified translation of documents  (2)
Obtain authenticated copies of passports or Vietnamese ID cards (BCC)  (2)
Prepare BCC documents
Obtain Investment Certificate (BCC)  (3)
Obtain authenticated copies of investment certificate  (2)
Open bank account  (1)

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Properties
 
15
Open bank account
(last modified: 3/23/2015)

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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