Managing money is one of the first practical steps for expats settling in Hanoi. From opening a bank account to sending money abroad, here’s a helpful guide to banking and finance in Vietnam.

1. Opening a Bank Account in Hanoi

• Documents Required: Passport, valid visa or residence card, and sometimes a letter from your employer.
• Recommended Banks: Vietcombank, Techcombank, BIDV – known for large networks and expat services.
• Tip: Some banks require a minimum deposit, usually around 1–3 million VND.

2. Online & Mobile Banking

• Bank Apps: Vietcombank Digibank, Techcombank Mobile, and BIDV SmartBanking provide English interfaces.
• Features: Check balances, transfer money, pay bills, top-up phone credit.
• Security: Always enable two-factor authentication.

3. International Money Transfers

• Wise (formerly TransferWise): Low-cost and transparent fees, popular with expats for sending money abroad.
• Western Union: Widely available, good for emergency transfers.
• Bank Transfers: Possible but fees are usually higher compared to Wise.

4. Daily Payments

• Cash: Still widely used in Vietnam, especially for small shops and street food.
• QR Code Payments: Growing in popularity via Momo, ZaloPay, or VNPay. Many bank apps such as Vietcombank, Techcombank, and BIDV also support QR scanning for easy payments.
• Cards: Credit cards (Visa, MasterCard, JCB) accepted in supermarkets, malls, and hotels.

5. Currency Exchange

• Official Banks: Safe and reliable for exchanging foreign currency to VND.
• Gold Shops: Sometimes offer better rates but less formal. Recommended to go with a local friend.

6. How Roygent Parks Hanoi Can Assist

• Provide information on recommended banks and branches nearby.
• Provide assistance when guests face difficulties using local banking services.

📍 Contact Roygent Parks Hanoi

Address: 289 Khuất Duy Tiến, phường Đại Mỗ, Hà Nội
Phone: (+84) 24-3232-3760
Email: roygent@dtdevelopment.vn
Website / Inquiry Form: https://hanoi.roygentparks.com/en/contact/

We offer bilingual support (Japanese, English, Vietnamese, Korean) to make banking and finance in Hanoi simple and stress-free.