An offshore account is opened for an offshore entity to conduct banking transactions.
An offshore entity is a legal entity that has been established and operated outside of Vietnam and is classified as a non-resident organization.
Account currency: VND, USD
All transactions in Vietnam must be submitted with proof of legal receipts/payments.
Minimum balance: Not required.
Applied interest rate: Non-term deposit interest rate in accordance with regulations of Shinhan Bank Vietnam in each period.