BIDV

BIDV publishes the procedure for opening a corporate payment account in Vietnam and the documents a company must provide. The listed services are corporate accounts, BIDV iBank and BIDV iConnect, an ERP integration channel.

Account opening

The bank requires an account-opening agreement, documents proving legal status and organisation, and identification of legal representatives, chief accountants and authorised persons. Electronic operations through the corporate channels also require up-to-date identification and biometric verification of the legal representative, which makes the first activation a step that needs the representative in person or on a device.

Channels

BIDV iBank is the internet-banking channel for companies, while iConnect links the account with enterprise resource planning software so payments and statements can pass between the systems.

Who it suits

Vietnamese companies that want a bank account with direct ERP connectivity and are ready to complete the KYB and biometric steps. Fees, currencies, limits and settlement times were not provided and must be requested. The offer is aimed at businesses only.