According to Circular No. 16/2014/TT-NHNN of the State Bank of Vietnam guiding the use of accounts of foreign currency and Vietnamese dong at authorized banks for residents and non-residents, VPBank issued regulation No. 38/2016/QT-TGÐ, regarding procedures for cash collection and payment at the counter.
The details are as below:
- Transferring salary requires a labor contract and payroll within the last 12 months
- Transferring money to buy/ sell real estate or securities requires purchasing contract, leasing contract. For income from securities, the investment time must be at least 3 years.
- If the source of money is from savings, it must be transferred within 7 days from the date of final settlement and need to have settlement documents or savings account statement certified by the authorized person of the issuing bank (savings book sent continuously for at least 1 month up to the time of money transfer).
Please contact hotline 1900 54 54 15 for assistance before transferring money to foreign accounts at the counter.
VPBank will transfer money to foreign accounts immediately upon receipt of all necessary documents. The service fee will comply with VPBank’s regulation at that time.
Thank you very much for using VPBank's products and services.
Please find the list of VPBank transaction offices nationwide here