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NOTABLE POINT FOR THE CAPITAL TRANSFER WHEN INVESTING INTO AN EXISTING VIETNAMESE COMPANY FROM OVERSEAS

* 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.

  • Highlight:

– 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.