Foreign indirect investment in Vietnam means the investment into Vietnam executed by foreign investors through purchase and sale of securities, other valuabl papers, contribution of capital and purchase of shares, and through securities investment funds, other intermediary financial institutions in accordance with the law of Vietnam but without direct participation in management of investment activities.
Indirect investment capital account (IICA) is a Vietnam Dong demand account opened by a foreign investor in a licensed bank for implementation of permitted receipt and expense transactions relating to foreign indirect activities in Vietnam.
- Resident foreign organization making investment on Vietnam’s securities market in accordance with the securities law
- Business organization with foreign investors holding over 50% charter capital making investment on Vietnam’s securities market in accordance with the securities law
Account Currency: VND only
Minimum account balance: Not required
Transaction method: Transfer through the Bank account
Purpose: Contribute capital to merchandise shares/Buy stocks; Merchandise bonds/Valuable papers and other kinds of securities; Trust investment; Transfer contributed capital in securities investment funds; Other indirect investment modes by legal regulations; etc
Note: Each customer can only open 01 (one) IICA and maintain at only 01 (one) licensed bank in Vietnam