* Direct Investment Capital Account (DICA):
– A bank account in VND or in foreign currency for the foreign investor making payment transactions relating to direct investment activities in Vietnam or for obtaining offshore loans.
– Transfer of capital between two RESIDENT parties: no need to open DICA;
– Transfer of capital between two NON-RESIDENT parties: no need to open a DICA;
– Capital transfer between a RESIDENT party and a NON-RESIDENT party: under the foreign exchange regulations, DICA must be opened by the company in Vietnam to receive and/or pay out the transferred capital.