Most of the time, we would say that having Vietnam passport or Vietnamese citizenship is great because you can stay permanently here, buy real estate, and open up local companies. However, today we really have to share this new story that redefines the “banking drama in Vietnam.” It’s not just about money; it’s a cautionary tale wrapped in a dual citizenship entanglement and a financial maze, and let me tell you, it’s got more twists than a Vietnamese street market!

Imagine depositing a small fortune in a bank, expecting juicy interest rates, only to be told, “Sorry, your passports are too colorful for our taste!” That’s right, having a foreign passport along with a Vietnam one? Well, it might just be your ticket to financial limbo if you don’t know how to protect yourself!

So, in today’s video, we will review a BOMBSHELL story about a Vietnamese Passport Drama that EXPOSES a local Bank Against dual passport holders. After that, we will delve into Vietnam bank saving interest rates rules and business law to ensure you are fully protected as a foreign depositor. This knowledge will empower you to do banking in Vietnam with Vietnam int and avoid mistakes that can make you lose your money in Vietnam. So, let’s get started!

Receiving ZERO INTEREST on a $37,000 USD savings account

So, picture this: A Vietnamese bank, called SeABank, finds itself in a peculiar situation. We’ve got a married couple, who living it up in Hai Phong, which is a large industrial city next to Hanoi in the North of Vietnam. The couple decides to deposit a whopping VND900 million – that’s about $37,000, which is a good amount of money in Vietnam – in July 2019. And then… the plot thickens.

They split this amount over three passbooks. The husband holds one, and the wife has two. The bank promises them a sweet 7.7% interest rate for two years! Things seem peachy, right? Wrong!

Check out this video as Attorney Ken Duong will discuss in detail about the case and advise you How to avoid this situation in the future!