Introduction

Foreign Borrowing and Repayment Account ("FBRA") is a demand account designed for the receipt and repayment of foreign loans, as well as the guaranty of foreign loans.

Eligible customers

Non-FDI companies must open and use FBRA for transactions relating to foreign short/medium/long term loan(s), including receipts of disbursement, repayment of principal and interests.

FDI companies open and use FBRA or DICA for transactions relating to foreign short term loan(s). For foreign medium/long term loan(s), FDI companies must open and use DICA.

Product features

Account currency: VND, USD, EUR, JPY, KRW, CHF

Minimum balance: Not required

Applied interest rate: Non-term deposit interest rate in accordance with regulations of Shinhan Bank Vietnam in each period.

Non-cash transactions are allowed.