The integration service banking is one of our services we offer as BelgiVina Ltd in Vietnam. Having a bank account for you personally or for your company is one of the crucial things needed when moving country or when investing in a country.
Assisting in setting up a bank account, for your company, you personally or for your spouse is one of the services the BelgiVina team is delivering. Next to setting up the bank account, we also pass the specific rules which may be a bit different than the normal banking rules in your country.
The owner of BelgiVina Ltd, Ms Nam Thien Le Tran, has more than 8 years experience. She has been working for one of the biggest state banks of the country, Vietcombank. Having this experience, she knows the main rules and the specific things towards corporate and private banking and remittances to overseas. In additon she has the knowledge about some unusual rules for sending money out of the country or putting money into your account from overseas. This comes together with some other tips and tricks.
Basic Rule – Passport
One of the basic rules, whatever you want to do at the bank, change, remittance or withdrawal, always make sure you have your passport with you. Even if you have a residence card, the bank clerk will not be able to help you. In order to avoid stress for yourself and for the clerk, please make sure you always have your original passport with you. As an expat, never think of unwillingness of the clerk to help you. In the end, if they help you, they risk losing their job.
Good to know about the credit card in Vietnam
Another quite strange but interesting rule is with regards to the credit card application. Every expat can have a credit card in Vietnam. However, you need to put the credit onto the card yourself, in the local currency VND. This means if you want to have a credit card, with a credit of USD 2,500, you will have to put that amount upfront into your account. It will go on a savings account, and you will get interest on the amount deposited, but you will not be able to use the money, nor to take the interests. Using within Vietnam, will increase safety in payments, but once you start using the card outside the country you will pay extra charges. For a European credit card for instance, you only pay charges for taking money out of the ATM machine, payments in the restaurant or at the store does not incur any charges except the rate of exchange. With a Vietnamese credit card, for whatever transaction you use it outside Vietnam, you will pay an intervention fee.
Please do not hesitate to contact us on firstname.lastname@example.org or via our contact page, in order to find out more and how the BelgiVina team can help you out with several integration services we offer in Vietnam.