Off-hours — we reply first thing at 9:00 local. Vy is always on.
A foreign-owned bank subsidiary of Korea’s Shinhan Financial Group, often compared by subsidiaries of Korean and other Asian groups.
The Direct Investment Capital Account that receives charter capital, and the operating account the business runs on afterwards.
Domestic payments in dong, and foreign-currency handling for a foreign-owned entity’s inbound capital and cross-border invoices.
Manufacturing, trading or services with a Korean or Asian parent
VND for domestic operations; foreign-currency accounts for a foreign-owned entity’s inbound capital and cross-border invoicing, within Vietnam’s foreign-exchange rules.
Corporate online banking with token or app-based payment approval; English interface availability varies by bank and is confirmed for your branch.
Expect a named contact at the branch that opens the account, and monthly statements in Vietnamese with English on request.
An international bank wants the whole group drawn out — parent, intermediate holdings, the Vietnam entity — and consistent documents across all of it.
Documents that are fine locally may need legalisation or translation to pass the bank’s group standard.
International banks are set up for a certain size of relationship. A very small or very early file may be steered to a local bank.
Group-level review takes longer than a branch decision. Start early so the capital account exists before the contribution is due.
Your entity route, activity, capital plan and ownership affect which banks are realistic in Vietnam. Tell us the setup and we’ll tell you whether this bank is a fit, what the file needs, and what to fix before submission.
More clients onboarded, higher payout.
Straight to the account.
More referrals unlocks higher payouts.
