New regulations on opening indirect investment accounts

Circular 03 regulates the opening and use of VND accounts for foreign investors who are non-residents conducting indirect investment activities in Vietnam. Subjects of application include foreign investors, banks licensed to conduct foreign exchange business, and organizations and individuals involved in foreign indirect investment activities in Vietnam.

New regulations on opening indirect investment bank accounts

The highlight of Circular 03 is the simplification of procedures for opening indirect investment accounts. Specifically, foreign investors no longer need to consularize their documents when opening an account, helping to shorten the account opening time from several months to a few days. This creates favorable conditions for foreign organizations to open cash accounts and promote foreign capital flows into the Vietnamese market .

In addition, the balance in the indirect investment account must not be transferred to term deposits and savings deposits, in order to control capital flows and ensure transparency in transactions. Foreign investors are not allowed to open a joint indirect investment account to conduct indirect investment in Vietnam. At the same time, money transfer orders related to foreign indirect investment activities must clearly state the purpose of the transfer so that the authorized bank has a basis for comparison, checking, keeping documents and conducting transactions.

The issuance of Circular 03/2025/TT-NHNN is expected to standardize the process of opening and using indirect investment accounts in Vietnamese Dong for foreign investors. The new regulation not only enhances transparency and simplifies administrative procedures but also creates more favorable conditions for foreign capital to participate in the market. This is considered an important step forward, contributing to removing one of the bottlenecks in the roadmap to upgrade the Vietnamese stock market./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/quy-dinh-moi-ve-mo-tai-khoan-dau-tu-gian-tiep-185250521164020286.htm

Source: https://baolongan.vn/quy-dinh-moi-ve-mo-tai-khoan-dau-tu-gian-tiep-a195735.html