Where should I setup a bank account in Hai Phong?

We asked expats in Hai Phong what banks they use and there advice about banking. They advised...

"Expats considering retirement in Hai Phong, should be aware of several key factors. Firstly, they should understand that the cost of living is relatively low compared to Western countries, making it an attractive option for retirees. However, they should also be prepared for a different standard of living, as amenities and services may not be as advanced or readily available as in their home country. Language can be a barrier, as English is not widely spoken outside of tourist areas and major cities. Therefore, learning some basic Vietnamese phrases can be beneficial. Healthcare facilities in Hai Phong are improving but may not meet Western standards, especially for complex medical conditions. Expats are advised to have comprehensive health insurance that covers medical evacuation. The climate in Hai Phong is tropical, with a hot and humid summer and a cooler, dry winter. Expats should be prepared for this, especially if they are used to a temperate climate. The city has a rich culture and history, with many festivals, markets, and traditional Vietnamese activities to enjoy. However, it's important to respect local customs and traditions. Hai Phong has a relatively low crime rate, but petty crime like pickpocketing and bag snatching can occur. Expats should take basic precautions to protect their belongings. The process of obtaining a visa and residency permit in Vietnam can be complex and time-consuming. It's recommended to seek advice from a legal professional or a relocation expert. Finally, expats should be aware that the traffic in Vietnam can be chaotic and road safety standards are not as high as in Western countries. Many people use motorbikes as their main form of transport, and it's important to be cautious when navigating the roads," commented one expat who made the move to Hai Phong, Vietnam.

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