Job Discussion Forums

Green Acres · Joined: 06 May 2009 Posts: 260

Citibank operates Citigroup and only for corporate accounts. There is no citibank here. ANZ is good, and they should have a branch in the states. That would be your best bet, since they are the only truly foreign owned bank.

Some people use HSBC, but I have my reservations about them. They can be alright, depending on what your expectations might be.

When banking in Vietnam, never put your money in them. Receive your salary in a bank, and then you can easily transfer that money. If you put your money in the bank, you may not take it out of the country. You may only leave with the amount that you have paid taxes on (an official red slip of paper provided by your employer).

snollygoster · Joined: 04 Jun 2009 Posts: 478

Forget them in Vietnam. I did the same thinking it would be easy. Nothing but run around, empty promises. The local CITIBANK can not access your funds from home. As Green Acres suggests ANZ (Australia New Zealand) Bank is probably the easiest to deal with in this respect.

CThomas · Joined: 21 Oct 2009 Posts: 380 Location: HCMC, Vietnam

Good advice, both of you. Much appreciated.

jb0072009 · Joined: 26 Feb 2009 Posts: 127 Location: Saigon

Vietcom bank I have found is good. They have the largest number of ATM's nationwide and I have no problem wiring on line dollars from my BofA account to them. They are correct about not keeping much dollars in bank here because as stated you might have trouble withdrawing or transferring it. A good article on this is http://www.vietcombank.com.vn/En/content/services/Money%20Transfer/Individual.htm . If you get paid in dollars then best not to deposit it locally unless you have to

sigmoid · Joined: 21 Jan 2003 Posts: 1276

I think you guys are missing the point. A weakening currency, breached credit limits and a lack of liquidity point to the possibility of deeper problems in the economy. The situation can change for the worse overnight, which if you were in Thailand in 1997 is something to remember...

Central bank denies bank fund speculation

http://www.thanhniennews.com/business/?catid=2&newsid=54235

As I said, keep a close watch on the situation.

deessell2 · Joined: 11 Jun 2005 Posts: 132 Location: Under the sun

Sgn Boy II · Joined: 07 Feb 2010 Posts: 9

All foreigners who are working in VN legally can send their entire salary out of the country in any currency at the official State Bank of Vietnam rates. This is the law. Get legal work, get paid electronically, get a stamped paid stub, and get rid of your worries. Otherwise, accept that you are an illegal immigrant and deal with it (or better yet, find legal work). I understand the importance of illegal workers in some economies, but I don't understand their whinging. Furthermore, I question the need of illegal immigrants in VN. Don't enable schools/businesses that avoid this issue...you are only hurting the development of the country and putting yourself in a difficult position.

Read my post on another thread for more detail.
http://forums.eslcafe.com/job/viewtopic.php?t=79032

Sgn Boy II