Can foreigners open a bank account or safe deposit box in Da Nang, Vietnam?

A discussion report says BIDV is usually quick for opening an account and card; it also notes that blocks reportedly affect bank cards rather than the underlying account.

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.

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.

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.

As an alternative for a safe deposit box, Sacombank is mentioned as having simpler opening conditions compared to BIDV.