ACCOUNT
Attention
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At present,
many customers are having accounts with Vietcombank thanks to its good
name.
-
Information
regarding to customers’ deposit will be treated strict confidential.
Deposit insurance is bought by Vietcombank at the deposit insurance
company.
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Simple and
free-of-charge opening procedures, free-of-charge account statements.
Customers having transaction(s) are provided account statements upon
request.
-
Account
transfer payment within Vietcombank network is proceeded through computer
network with fast, highly accurate and free-of-charge service.
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Through
personal accounts, customers can easily use non-cash payment instruments
such as checks, payment orders, collateral for using international payment
cards and other methods.
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Easy
transmission to different depositing options.
Introduction
1.
Account holder
a.
VND deposit account: All the individuals
(Vietnamese citizen and foreign people who are eligible before the law of
their home countries) have the rights to open account and deposit money
into Vietnames edeposit account.
b.
Foreign currency account: resident and non-resident individuals in
accordance with current regulations on foreign exchange management.
2.
Account type
a.
demand deposit account
b.
fixed deposit account
c.
cash-cover account
3.
Currency type
a.
VND
or foreign currencies (applicable for: USD, GBP, EUR...)
4.
Deposit and withdrawal
a.
VND account: the account holder is entitled to deposit or withdraw cash
and time bank notes, to apply non-cash payment such as payment orders,
encashment orders, cashiers’ checks, transfer checks, cards,…
b.
Foreign currency account: Cash, travelers checks, transfer...
c.
Foreign currencies transferred via banks or cross-border entrance having
border custom certification, and other legal foreign currency sources in
Vietnam.
d.
Deposit amount: Min. balance 500,000 VND or foreign currency equivalent to
50 USD. No minimum requirement for the next deposit.
e.
Interest:
i.
Demand deposit or cash-cover accounts: interest is added to principal or
transferred to pre-regulated account monthly or on the balance withdrawal
date.
ii.
Fixed deposit account: Normally interest paid once at maturity. If
customer does not withdraw, the interest will be added to principal and,
automatically a new term with the same period of time will be applied with
the same interest rate announced in the first day of the new term.
Authorisation
According to the current regulations (Circular 08-TT/NH2 dated 02Jun1994
of the State Bank) the account holder(s) is authorised another person(s)
sign any payment documents transacted with banks. The authorised person is
entitled as the account holder within the authorisation scope and is not
allowed to authorise another person.
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Instruction
a.
Account opening:
The opening of foreign currency account is
conducted following the State’s current regulations on foreign currency
management, such as:
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Decree 63/1998/ND-CP dated
August 17, 1998
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The Government’s Decision
173/1998/QD-TTg dated September 12, 1998.
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Circular 08/1998/TT-NHNN7
dated September 30, 1998.
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Circular 01/1998/TT-NHNN7 dated
April 16, 1999.
Customer(s) opening account(s) at our Bank
is/are provided with free of charge standardised printed form (see
enclosed). You will have your account in the fastest way with your own CIF
number (customer information file). Having this CIF number you may require
Vietcombank to immediately provide necessary information or you can open
new account(s) in condition that the account holder is not changed...
If you want to change information in the
account, please use the form for information supplement (i.e. telephone
number, address...)
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b.
Application for Account (The 1st
time)
How to fill the form:
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Please fill in blank space in
the form
Note: This form is only used for the customer
having no account with Vietcombank.
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Normal information is filled as
usual. For new information, please fill as follows:
o
Customer Information File
(CIF): Please write your CIF number given by the Bank in the Application
for Account (The 1st time)
o
Other ID number: other ID
number different to that given above.
o
Currency type: Please mark in
the box next to the currency name. If the currency type you want to open
the account for is not USD, please mark in the box “others”
o
Information retention: If you
want to keep information in our system even after closing all your
accounts, please mark in the next box the number of years (from 1 to 8)
you want the information to be kept.
o
Hold Mail (Y/N): If you want to
receive documents at bank, please mark “Y” in the next box. If you want
the documents to be sent to your address, please mark “N”.
o
Adress for sending statements
(alternative address if different from above): Please write the address
you wish to receive your documents and statements if this address is
different to the address given in the Application for Account or in your
CIF.
o
Customer Information Code:
Please mark in the box next to the card type you want to use.
* For Vietnamese individual:
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3 Applications for Account
(provided upon request)
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Identity Card, Military ID,
Police ID.
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Minimum balance is required.
* For foreign individual:
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3 Applications for Account
(provided upon request)
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Passport and Vietnamese visa
with duration of over 6 months.
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In case you want to use checks,
a Letter of Recommendation by the Management Body is required.
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Minimum balance is required.
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c.
How to use foreign currency
account
1.
Credits: Residents having
foreign currency current account is entitiled to receive foreign
currencies into account from following sources:
I.
Foreign currencies transferred
from outside Vietnam and for contracts on exporting commodities and
services, or grants, aids allowed by the Law.
II.
Cash received from overseas
source (certification of border custom is required)
III.
Foreign currencies in forms of
present, gifts, inherit in compliance with regulations of the Law.
IV.
Foreign currencies transferred or deposited domestically for salary, bonus
or allowances in foreign currencies (for the foreigner only).
V.
Other payments of foreign
currencies allowed by the Governor of the State Bank.
2.
Debits: Resident individual
having foreign currency account at Vietcombank is entitled to pay out
foreign currency for the following purposes:
I.
To pay to foreign organisations
and individuals for import commodities and services.
II.
To pay for import commodities
and services to domestic organisations and individuals, who are allowed to
receive foreign currency in accordance with regulations.
III.
Foreign resident is allowed to
transfer the balance of his foreign currency account to outside Vietnam.
IV.
To sell to credit
institutions who are allowed to conduct forex activities. If you sell to
Vietcombank, you are offered attractive exchange rates.
V.
To withdraw cash for purposes
of storage, saving and other purposes allowed by Law.
VI.
To invest into commercial
papers in foreign currencies.
VII.
To change into other foreign
currencies payment instruments such as Checks, Payment Card and other
instruments, or to exchange to other foreign currencies in accordance with
the allowed Bank’s regulations.
VIII.
To present, inherit and gift as
regulated by the Law.
IX.
To remit to outside Vietnam (by
account transfer or in cash) for personal purposes in accordance with
regulation.
Fees schedule and interest rate
1.
Fees: Follow the current fee
schedule of Vietcombank.
2.
Interest rate:
a.
VND account: follow
Vietcombank’s current interest rate table.
b.
Foreign currency account:
follow Vietcombank’s current interest rate table.
Contacts:
For more details, please contact:
1.
Accounting Department –
Vietcombank Operations Center
Address: 198 Tran Quang Khai Str., Hoan Kiem Dist., Hanoi
Tel: (84-4) 8248-281, 9349-428
2.
Forex Department– Vietcombank Operations Center
Address: 198 Tran Quang Khai Str., Hoan Kiem Dist., Hanoi
Tel: (84-4) 8268-045, 9343-137 (ext: 0251-0243-0237-0238)
3.
Vietcombank branches.
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Copyright ©
2001 IT Center of Vietcombank.
All rights reserved. |
