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," wrote a member who made the move to Vietnam.
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Other Questions:
- What do I need to know before moving to Vietnam?
- How do I find a place to live in Vietnam?
- What is a typical expat home or apartment like in Vietnam?
- What is the average cost of housing in Vietnam?
- Should I buy or rent a home in Vietnam?
- What should I pack when moving to Vietnam?
- What cultural faux pas should I try to avoid making in Vietnam?
- Why do people move to Vietnam?
- What are healthcare services like in Vietnam?
- What are medical services in Vietnam like?
- What are typical rents 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 is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
