FDI enterprises and foreign investors participating in business cooperation are required to open direct investment accounts at the licensed credit institutions. The capital contribution, the transfer of principal capital, profits and other legitimate incomes must be undertaken via these accounts.
Regarding indirect investments, non-residential foreign investors are required to open indirect investment capital accounts in VND to perform indirect investment in Vietnam. Investment capital in foreign currencies must be converted into Vietnam dong to make investment via those accounts.
For overseas indirect investments, residents, which are not credit institutions, are required to open and use bank accounts, to transfer investment capital abroad, to transfer capital, profit and other earnings back to Vietnam in accordance with the SBV’s regulations.