Can a foreigner open a bank account in Vietnam?

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Yes. As stated in Circular No: 23/2014/TT-NHNN and Circular No. 32/2016/TT-NHNN, a foreigner is considered eligible to open a bank account in Vietnam if they are permitted to stay in Vietnam and can provide the required documents:

The required documents to open a bank account in Vietnam may vary according to the bank, but will typically include:

Valid passport with at least 6 months validity before its expiration date.
One of the following valid documents with a validity of 1 year or greater, issued within the last 12 months:
- Valid visa with a duration of 1 year or greater issued within the last 12 months
- Temporary Resident Card (TRC)
- Work Permit
- Permanent Resident Card (PRC)
- Temporary residence confirmation issued by the police

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