Introduction

An offshore account is opened for an offshore entity to conduct banking transactions.

Eligible customers

An offshore entity is a legal entity that has been established and operated outside of Vietnam and is classified as a non-resident organization.

Product features

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.