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Banking in Vietnam

Best banks in Vietnam for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Vietnam. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Vietnam

Foreigners need a passport plus a valid visa or temporary residence card; longer-term accounts usually require a work permit or TRC. Those on short visas may only get limited accounts. Practice varies by bank.

Top banks in Vietnam

Vietcombank

traditional
Most popular for foreigners

Widely used by expats; strong for international transfers and card acceptance.

BIDV

traditional
Largest network

One of the biggest state-linked banks.

VietinBank

traditional
Nationwide reach

Major state-linked commercial bank.

Techcombank

traditional
Best app / private bank

Well-regarded digital banking and service.

VPBank

traditional
Digital-forward

Retail-focused private bank; backs digital services.

HSBC Vietnam

traditional
Foreigner-friendly / expats

International bank often easier for foreigners with the right visa.

Timo

digital
App-first banking

Vietnam's pioneer digital banking service.

International accounts & neobanks

Wise

Sends to Vietnam (VND, local transfer) and can receive from abroad; a full resident Wise account is limited, so confirm eligibility.

Payoneer

Widely used by Vietnamese freelancers/exporters to receive international payments.

Availability changes; confirm on each provider's site.

Next steps in Vietnam

See the full Vietnam tax, cost and visa profile, or compare Vietnam with other destinations. Not sure where to go yet? Take the finder quiz.