LEGAL UPDATE: Did you know that if you make ‘indirect’ investments in Vietnam (such as purchasing shares in listed or unlisted VN companies without participating in management of such companies; sale and purchase of bonds and stocks in VN’s securities exchanges, etc.) you must open a VND indirect investment account at one bank and all capital in and out have to flow through that account?
Otherwise, your investment will not be legally recognised and you will not be able to convert VND into USD to remit funds out of Vietnam later. Only one such account may be opened at one bank.
(Circular 05/2014/TT-NHNN of the State Bank, valid 28 April 2014)