Account service for corporate customer

Customer
Benefit
Account type
File
Contact

Customer 

• Vietnamese organizations which are established and operating in compliance with Vietnamese Law, foreign entities which are established and operating in compliance with the law of the nation in which such entities are established.
• State Treasury: open deposit account for State Treasury located in Communes, villages, not Provinces provided the approval of the State Bank of Vietnam.

Benefit 

• Money in account be managed safely, precisely and securily by Vietinbank.
• Time saving, no risk of fake money.
• Easy account opening procedure, simple transaction method, caring bankers.
• Free account opening.
• Attracting interest rate.
• Fast and safe payment thanks to the wide network of Vietinbank with 3 Transaction centers in Hanoi and Ho Chi Minh city, more than 140 branches nation-wide and more than 700 Transaction offices/points located in provinces and cities through out the nation.
• Customer can use as mostage, guarantee for loan.
• For certain account types (Current account, saving account…), customer can deposit/withdraw either in cash or by transfer such as: cheque, guaranteed cheque, payment order, collection, …
• Customer can transfer from current account to saving account and vice versa.
• Other support services and facilities.

Account type 

• Current account: current account of organization, individual, same account holder.
• Saving account
• Fixed deposit and deposit products: saving, bond, certificate of deposit
• Other deposit account: Guaranteed cheque account, fund transfer account, loan account,…

Note: The opening and using of VND deposit accounts and foreign currency deposit account of residential and non-residential persons must obey current regulation of the State on foreign exchange management.

File

1. Request for account opening (as per the form specified by VietinBank ) signed and stamped by account holder (account holder must be Chief Executive Officer, Director, Company Holder, Head of the organization).
2. Documents proving that such organization has been established in compliance with the law: 

• For State owned enterprises, business entities:
  • Decision on Establishment.
  • Certificate of Business Registration
• For army entities, delegation:
  •  Decision on Establishment.
• For Limited companies, join-stock companies, private companies, families:
  • Certificate of Business Registration
• For foreign capital joint-ventures, 100% foreign capital companies operating in accordance with Foreign investment Law in Vietnam:
  • Valid Investment License issued by Vietnam authority.
  • Documents which prove legal representative manner of account holder.
• For State owned companies, organization, delegation:
  • Decision on Appointment of CEO, Director, Head of company.
  • Decision on Appointment of Chief Accountant of Organization’s Accounting Department Manager.
• For army entities:
  • Decision on Appointment of CEO, Director, Head of company.
  • Decision on Appointment of Chief Accountant of Organization’s Accounting Department Manager. (if any in accordance with current regulation).
• For Limited companies, association, joint stock companies:
  • Decision on Appointment of company’s legal representative. For association: Document which verifies legal representative, such document must be contain all verification signatories and stamps (if any) of all association members. Legal representative must be named in Company Charter and in Certificate of Business Registration
  • Decision on Appointment of Chief Accountant or Document on Assignment of person to act as Chief Accountant (if any in compliance with current regulation)
• For private companies, co-operatives:
  • Document which proves private company holder, co-operative holder. In case private company holder hires another person to act as managing director, there must be a letter of attorney as per the stipulation of Law.
  • Decision on Appointment of Chief Accountant or Document on Assignment of person to act as Chief Accountant (if any in compliance with current regulation)
• For joint venture, 100% foreign capital companies operating in accordance with Foreign Investment Law in Vietnam:
  • Decision on Legal Representative issued by the Authority or Document which verifies such Legal Representative.
  • Decision on Appointment of Chief Accountant made by the Board of Director or the Authority (as per current regulation)

Balance:

• Minimum balance applicable for Corporate deposit account in VND is 1.000.000 VND
• Minimum balance applicable for Corporate deposit account in foreign currency is 200USD

In case there is a change either in sample of signature of either people who have the right to sign on payment documents transacted with Vietinbank or in sample of stamp, account holder has to submit Vietinbank branch where account is opened with the new sample of signature or stamp to replace the formerly registered ones and clearly state the date from which new signature or stamp will take effect.

Upon receift of Customer’s request for account opening, Vietinbank will carry out all procedure related to the opening of such account in the working day time. After approval of account opening, Vietinbank will inform customer of account number, account validity date.
Customer will enjoy deposit interest rate as per the current regulation specified by Vietinbank applied for each type of account opening. Deposit account in foreign currency is only applicable when Customer has demand for import-export operation and foreign payment.

Contact 

• Accounting Policy Department - VietinBank

72 Tran Hung Dao Str., Hoan Kiem Dis., Hanoi
Tel: 04 9421103
Fax: 04 9421164

Accounting Departments of VietinBank Branches nation-wide