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Ho Chi Minh, Vietnam

Where should I setup a bank account in Vietnam?

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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," said another expat in Vietnam.

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Where should I setup a bank account in Vietnam?

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About the Author

Joshua Wood 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.

Ho Chi Minh, Vietnam

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