7 Essential Steps for Seamlessly Opening a Corporate Bank Account in Vietnam

Opening a corporate bank account in Vietnam is a crucial step for businesses looking to operate. However, the process can be both rewarding and challenging, depending on your knowledge of the local banking system, compliance requirements, and the overall business landscape. Vietnam’s banking regulations , while improving over the years, still feature variations across different financial institutions, especially in terms of their Know Your Customer (KYC) policies, documentation requirements, and UBO (Ultimate Beneficial Owner) tracing. The …