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.
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.
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.