Time Deposit

Pursuant to the regulation on foreign exchange control issued by State Bank of Vietnam, resident Vietnamese customers are only allowed to make transfer to overseas in some specific cases, provided that the appropriate documents have been submitted. Some examples include:

• Payment for overseas study, medical treatment expenses of themselves or their relatives’.
• Going abroad for business, travelling and visit.
• Payment of fees and charges to foreign parties overseas.
• Providing subsidies to overseas relatives.
• Remitting bequeathed money to overseas inheritor.
• Going abroad for resettlement.

Pursuant to our current practice, we are able to issue a Visa Debit Card for customers who currently maintain a VND account at our bank only. Therefore, it is required to open a VND account to obtain a Debit Card.

Your VND account will be linked as the primary account and your existing foreign currency account will be the secondary account. Primary account (VND account) is the account from which purchase transactions, cash withdrawal at ATMs, charges and fees related to the Debit Card are debited, while secondary account is only for cash withdrawal at ATMs.

No. Pursuant to Circular 15/2015/TT-NHNN, you could not make the transfer between your two different foreign currency accounts.