According to the State Bank’s current regulations, before being granted an investment certificate, foreign investors are allowed to transfer investment capital into Vietnam to meet the legal expenses for the investment period under the written agreement of the related parties and through their foreign currency payment accounts opened at authorized banks. That is, the investor can open a “temporary” account at a commercial bank, then transfer the investment capital to serve the costs of the investment preparation stage, after the investor is granted a license. With an investment certificate, the investor must open a capital account in a foreign currency, then the “temporary” account will be closed.

Investors should not transfer money directly from individual accounts or organizations abroad to pay for large investment expenses such as land rental costs, project implementation costs, etc. to organizations in Vietnam.

This content is very important, investors should pay attention to comply with regulations on management of direct investment capital in Vietnam.