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A major state-owned commercial bank with a long foreign-trade tradition

A large, majority state-owned commercial bank whose corporate business has long centred on trade and foreign-currency flows.

Check my banking fit Talk to a Vietnam specialist

What Vietcombank will want to understand

Prepare the application file

01Company records5 items
  • Enterprise Registration Certificate (ERC)
  • Investment Registration Certificate (IRC), where the entity holds one
  • Company charter
  • Legal representative’s identity document
  • Registered address evidence
02Ownership and signatories3 items
  • Passports or ID of the owners and authorised signatories
  • Ownership chart up to the individual owners
  • Board or owner resolution to open the account and appoint signatories
03Activity and money4 items
  • A short description of the business and who it sells to
  • Expected currencies and monthly volume, in ranges
  • Source of the capital being contributed
  • Contracts, invoices or a plan that evidence the activity
People reviewing a document folder at a table in a Vietnam workspace

What Vietcombank is good for

  1. Running the company

    Capital and operating accounts

    The Direct Investment Capital Account that receives charter capital, and the operating account the business runs on afterwards.

    VND and foreign currency

    Domestic payments in dong, and foreign-currency handling for a foreign-owned entity’s inbound capital and cross-border invoices.

  2. Trading and import–export companies

    Who tends to fit

    Import–export, manufacturing or distribution revenue with foreign-currency flows

Account thresholds and practical considerations

Minimum balance

Set by the bank
Not publishedMinimum balances and fees are the bank’s own schedule and are confirmed when the file is prepared — never quoted here.

  • Currencies

    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.

  • Online banking

    Corporate online banking with token or app-based payment approval; English interface availability varies by bank and is confirmed for your branch.

  • Branch relationship

    Expect a named contact at the branch that opens the account, and monthly statements in Vietnamese with English on request.

Who usually opens here

Stronger fit
  • Sample fileForeign-owned trading or manufacturing company that wants a major domestic operating bank
  • ShareholdersA corporate shareholder with a clear parent, plus a resident legal representative
  • ActivityImport, export or manufacturing revenue with domestic operations
  • CapitalCharter capital with a clear, documented source, contributed through the capital account inside the window.
Weaker fit
  • OwnershipOwnership chains that run through several jurisdictions without a clear individual owner at the top.
  • ActivityAn activity the licence does not clearly cover, or one the bank rarely banks.

Choose the bank that matches your file

Choose if

  • Your operations spread across several provinces or parks
  • You want a state-owned bank with a trade-oriented footprint

Choose if

  • The group already banks with HSBC elsewhere
  • Cross-border treasury matters more than branch proximity

Why Vietcombank applications stall

Ownership not traceable

The bank cannot see who ultimately owns the company. A chart to the individual owners, with documents behind each layer, settles it.

Licence and activity disagree

The registered lines of business do not match what the company says it will do. The bank stops until they do.

Capital story unclear

Where the charter capital comes from is not evidenced. Banks expect a source they can document before it lands in the capital account.

The 90-day window

Capital that arrives late, or before the account exists, creates a compliance problem the bank will not want to inherit. Sequence the account first.

Check banking fit before you apply.

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.

  • A dedicated specialist reviews your case.
  • Fixed scope in writing before any work begins.
  • Avg reply 3 minutes on WhatsApp, 24 × 7.

Request a consultation

Frequently asked

Is Vietcombank suitable for every foreign-owned company in Vietnam?
No single bank is. Vietcombank may be relevant for some companies, depending on the activity, the ownership chain, the source of the charter capital, the expected transactions and the documents the company can produce. Suitability is confirmed against the actual file, not assumed from the bank’s profile.
Can Sonsoto guarantee an account at Vietcombank?
No. Vietcombank makes its own decision after reviewing the company, its owners and its documents, under its own KYC, compliance and risk rules. Sonsoto prepares the file and coordinates the application; the outcome, the timing and the products offered remain the bank’s.
Can a newly licensed company approach Vietcombank?
A newly licensed company may apply, subject to Vietcombank’s current requirements. The Direct Investment Capital Account has to be opened before charter capital is contributed, so the company should have its registration certificates, charter, ownership chart, source-of-capital evidence and a clear activity description ready before the visit.
Does the branch matter at Vietcombank?
Branch practice for foreign-owned files varies, and it is confirmed before the visit is booked. Sonsoto is not an agent, introducer or partner of Vietcombank; we prepare the company’s file and the approach, and the relationship is between the company and the bank.
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