Where should I setup a bank account in Vietnam?
We asked expats in Vietnam what banks they use and there advice about banking. They advised...
"1. Before retiring in Vietnam, expats need to be aware that it is important to thoroughly research visa requirements and other legal requirements to move to and stay in the country. 2. Ensure adequate pension and health insurance coverage, as the local public system does not cover expats. 3. Vietnam’s climate is varied and the best time to visit depends on the region. Be mindful of temperature extremes and humid conditions. 4. Renting or buying a home in Vietnam can be expensive, requiring diligent research to find the most suitable housing option. 5. Know the local customs and culture as it is important to build relationships and understand the locals. 6. It is important to gain a basic understanding of the language; most locals in the cities speak some English, while in rural areas, there are fewer English speakers. 7. Understand that Vietnam is a cash-based society, so be sure to have some cash always available," mentioned another expat when asked about moving to Vietnam.
Other Questions:
- What do I need to know before retiring in Vietnam?
- How do I meet people in Vietnam?
- What is life like in Vietnam?
- Is there a lot of crime in Vietnam?
- Is there a lot of diversity? Are people in Vietnam accepting of differences?
- What are the schools in Vietnam like?
- Is the cost of living in Vietnam high?
- What advice do you have for expats having a baby in Vietnam?
- What are healthcare services like in Vietnam?
- Is the cost of living in Vietnam high?
- What type of recreational facilities are in Vietnam?
- What is the weather like in Vietnam?
- Are there good restaurants in Vietnam?
- Where will I buy groceries and do other shopping in Vietnam?
- What are the visa & residency requirements in Vietnam?
- Are healthcare and health insurance expensive in Vietnam?
- What do I need to know when buying property in Vietnam?
- Are foreigners allowed to own property in Vietnam?
- What appliances are typically included in a rental?
Where should I setup a bank account in Vietnam?
If you live in Vietnam, newcomers to Vietnam would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.