Can foreigners open a bank account or safe deposit box in Da Nang, Vietnam?
Based on 2 discussions with 4 participants · Last activity: 2 days ago
TL;DR
Foreigners can open multi-currency accounts (USD, EUR) at banks like Sacombank or BIDV, but without online banking access — deposits only via SWIFT transfer and withdrawals in person at the branch. For safe deposit boxes, Sacombank reportedly has easier conditions than BIDV.
What the community said
Whether foreigners can open a bank account without a residence permit remains an open question among expats — no clear consensus yet, best to check directly with branches of banks like Sacombank or BIDV.
3 days ago
Local banks do open foreign currency accounts (USD, EUR), but with limitations: no online/app banking, funds can only be received via SWIFT transfer, and withdrawals must be made in person at the branch.
9 days ago Multi-currency account (USD/EUR)
For renting a safe deposit box at BIDV there are caveats: not all branches offer this service, and reportedly you can't store US dollars there — only Vietnamese dong.
11 days ago BIDV — local currency only
As an alternative for a safe deposit box, Sacombank is mentioned as having simpler opening conditions compared to BIDV.
11 days ago Sacombank