New regulations on bank transfer confirmation
On October 28, 2016, the Ministry of Finance issued the Circular No. 173/2016/TT-BTC on amending and supplementing the first paragraph of clause 3 Article 15 of Circular No. 219/2013/TT-BTC by the Ministry of Finance (amended by Circular No. 119/2014/TT-BTC, Circular No. 151/2014/TT-BTC and Circular No. 26/2015/TT-BTC by the Ministry of Finance). Bank transfer confirmations are […]
Banking and Foreign Exchange in Vietnam
Generally, all foreign investors with established presences in Vietnam will need to open a bank account in order to conduct their business in Vietnam. Foreign investors in Vietnam may open accounts denominated in Vietnamese dong, and may also open accounts denominated in United States dollars and other foreign currencies. Banks include domestic commercial banks, state-owned […]