REGULATIONS ON THE OPENING AND USE OF CURRENT ACCOUNTS APPLICABLE TO INSTITUTIONAL CLIENTS

Eligible clients
Institutional clients legally established and operating under applicable laws, including: (Vietnamese and foreign) institutions, private enterprises, business households, and other organizations permitted to open current accounts in accordance with applicable laws and regulations.

Account opening documentation
   • Agreement on opening and use of current account and service registration (as per ACB’s form);
   • Documents of the institution: 
     - Legal documents evidencing lawful establishment and operation (e.g., Establishment decision, Operating license, Business registration certificate, Enterprise registration certificate, etc.); or legal information available in the institution’s electronic identification account;
     - Charter/Organizational internal rules, Operational internal rules, and Financial internal rules;
     - Documents evidencing the legal representative’s authority, accompanied by identification documents of such representative(s);
     - Appointment decision or Employment agreement of the General Director/Director;
     - Appointment decision of the Chief Accountant or Officer in charge of accounting (if applicable), along with their identification documents;
     - Documents and data relating to the founder(s);
     - Documents and data relating to the beneficial owner(s);
   • Other documents, information, or data as may be required by ACB.

Account opening procedure
   • Clients shall submit a complete set of account opening documents at any ACB’s branch or sub-branch when applying for current account.
   • After verifying the legality and validity of the documents, ensuring consistency and accuracy, and authenticating the institution’s legal representative and obtaining clients’ agreement to the provisions of Agreement on account opening and use, ACB shall proceed to open the current account, notify the client of the account number, account name, activation date, and provide guidance on account use.

Notes on account opening and use
The opening and use of current accounts shall comply with Circular No. 17/2024/TT-NHNN on regulations for account opening and use at payment service providers, and Circular No. 25/2025/TT-NHNN, which amends certain provisions of Circular No. 17/2024/TT-NHNN.