Vietnam eases rules for foreign investment accounts

Vietnam will simplify the process for opening indirect investment accounts starting June 16 under Circular 03/2025/TT-NHNN, replacing a 2014 regulation. Issued by the State Bank of Vietnam, the new rule removes the consularisation requirement for foreign investor documents, slashing account setup time from months to days. The changes aim to streamline capital inflows into Vietnam’s stock market and enhance transparency. All indirect investment transactions must be routed through VND-denominated accounts at licensed banks. The circular also restricts these funds from being transferred to term deposits or savings accounts, helping to manage capital flows. The move is expected to boost foreign participation by standardising procedures, cutting red tape, and reinforcing regulatory clarity for global investors seeking exposure to Vietnam’s growing capital markets.