Open a Business Bank Account
Effortless business bank account setup in Vietnam for entrepreneurs—quick, compliant, and tailored for smooth launches.
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Open a Business Bank Account in Vietnam
Establishing a business bank account in Vietnam is a crucial step for foreign companies entering the market—but it’s rarely straightforward. Regulatory nuances, document verification, and unfamiliar banking procedures can slow you down without the right local support.
At The Nest Asia, we streamline the process for foreign businesses. Our team works closely with reputable banks to ensure your account is opened quickly and correctly, with full compliance to Vietnamese regulations. Whether you’re setting up a new entity or expanding operations, we make banking setup simple—so you can get to business faster.
Benefits of Opening a Business Bank Account with The Nest Asia
Comprehensive Relocation Support
Tailored services for seamless relocation and daily life.
One-Stop Expatriate Services
Complete services for housing, legal, financial, and more.
Local & Expatriate Network
Combine local and expatriates networks, real life experience.
Family-Centric Services
Support for families, including education and childcare referrals.
Other Services for Expats in Vietnam
Open an Individual Bank Account
Open an individual bank account in Vietnam quickly and easily with our hassle-free process.
Deposit Savings
Safe, simple, and reliable savings deposit services in Vietnam—designed for peace of mind and easy access.
Open a Stock Account
Seamless stock account opening in Vietnam—kickstart your investment journey with confidence, clarity, and expert support.
Business Setup
Full-service support for setting up your business in Vietnam—efficient, compliant, and tailored to your success.
Not sure where to start? Talk to a consultant
FAQ on Open a Business Bank Account in Vietnam
What documents are required to open a business bank account in Vietnam?
To open a business bank account in Vietnam, foreign companies will typically need to provide the following documents:
Bank application forms – Completed forms as required by the chosen bank.
Investment Registration Certificate (IRC) or M&A Approvals – Depending on the company’s structure and operations.
Enterprise Registration Certificate (ERC) – Verifying the legal status of the business in Vietnam.
Passport or legal documents of the company’s legal representative, accountant (if applicable), and other authorized signatories.
Decision on appointing an accountant – If an accountant has been formally designated.
Always check with the specific bank, as additional documents or procedures may apply.
Why open a corporate bank account in Vietnam?
Opening a business bank account in Vietnam is essential for tax compliance, managing expenses, and conducting legal transactions over 20 million VND. It streamlines operations, supports payroll in local currency (VND), and ensures financial transparency.
Having a local account also boosts your company’s credibility, builds trust with partners, and makes it easier to track spending in line with Vietnamese laws.
What are the requirements to open a business bank account in Vietnam for foreign enterprises?
To open a corporate bank account in Vietnam, foreign companies typically need:
Company Registration – Business license, tax ID, and registration certificate
Personal ID – Passport or ID card and residential proof for authorized signatories
Company Profile – Business activities, ownership structure, and number of employees
Financial Documents – Balance sheet, P&L statement, or similar to prove financial stability
Bank Reference Letter – From an existing bank to confirm credibility
Power of Attorney – Notarized authorization for signatories (if applicable)
Proof of Address – Utility bill or lease showing the company’s physical location
How do I open a business bank account in Vietnam?
Prepare documents – Gather business registration, tax ID, ownership papers, and ID for authorized signatories.
Choose a bank & apply – Select a bank that serves foreign companies. Submit required forms and legal documents.
Deposit funds – Make the minimum deposit required by the bank to activate the account.
Disclaimer
The Nest Asia (“we”) provides the information on this website solely for general informational purposes and makes no representations or warranties regarding its accuracy, completeness, or reliability.
We are not an authorized government agency, nor are we an official provider of government-related documents or services. We do not promote or represent any official services or documents issued by the Government of the Socialist Republic of Vietnam. This includes, but is not limited to, electronic travel visas, passports, housing services, business registration, employment support, or health and education services for expatriates. All official documents must be obtained directly through the appropriate governmental authorities or their designated representatives.
