1.       Representative offices are allowed to open expenditure accounts in foreign currencies and expenditure accounts in Vietnam dong of foreign-currency origin at banks licensed to operate in Vietnam and use such accounts only for their operations.

2.       Branches are allowed to open settlement accounts in foreign currencies or in Vietnam dong at banks licensed to operate in Vietnam in service of their operations.

3.       In special cases, branches are allowed to open accounts at overseas banks after obtaining consents of the State Bank of Vietnam. Branches shall have to report to the State Bank of Vietnam on the use of accounts opened overseas.

4.       The opening, use and closure of accounts of representative offices or branches shall comply with the regulations of the State Bank of Vietnam.