Re: Understanding Vietnamese Life Partner
 

Bro KT ....

Then it will be good for her and you. Guess you have a peace of mind now ... at least not worrying too much on her entry.

Cheers Pal ..

Re: Understanding Vietnamese Life Partner
 

Any bros have fixed deposit in Vietnam Dong? Which bank offers the highest interest rate? I opened a bank account at Sacombank, the interest rate is around 11%. I also heard some banks offer 12.5% for 1 year fixed deposit.

I want to use the interest to help a girl there. :p

Re: Understanding Vietnamese Life Partner
 

Banking matters... make me think of a bro who went MIA.
I hope Mooncracker is still lurking in the forum and help you answer your question :)

Re: Understanding Vietnamese Life Partner
 

I am curiously, if u intend to deposit for a year, how can the interest help your ger??? 1 year later then withdraw??

Re: Understanding Vietnamese Life Partner
 

In fact, I am thinking fixed deposit with a 1-month term and auto-renewal. The monthly interest will go to her account so she has stable monthly income. This is more like a long-term plan for me.

Re: Understanding Vietnamese Life Partner
 

bro...how much you intend to deposit?...actually how much you need per month?

Re: Understanding Vietnamese Life Partner
 

I want to deposit SGD 20,000. If the annual interest rate is 12%, then every month she will get SGD 200 automatically. Close to her current monthly salary.

Re: Understanding Vietnamese Life Partner
 

Which bank is offering this 1 mth fixed deposit and interest of abt 12% per mth? Assume u put in 10000, so per mth I can withdraw the 12% interest while maintaining the 10000 in the bank?

I dun mind looking at it. Currently my SCB is giving me only annual 6% for my VND current account and 0% for my USD current account.

Re: Understanding Vietnamese Life Partner
 

Bro...just chiong less by half month...you should saved this amount for her...I was like you wanted to do so...ultimately gave up because foreigner cannot own bank account...need joint local name...she can withdraw the full 20k...:p

Re: Understanding Vietnamese Life Partner
 

Thanks for the advice. Every month got interest and then the last month, withdrew everything out by her, then everything is gone :(

Yes, chiong less, go less KS, open less 1 liquor will be abe to save abt $200 :D

Re: Understanding Vietnamese Life Partner
 

The last checked with SCB vietnam, foreigner joint name with vietnam gers, u must prove that the couple is married. I did not check with other bank.

Re: Understanding Vietnamese Life Partner
 

12% is the annual interest. It means that every month you get 1% interest on the principal. My girl told me farmer's bank offers 12% interest, but I haven't confirmed that yet.

It is different. If the bank pays her every month. She will feel more secure. Because she knows the money is there and she doesn't need to look your face.

Who says foreigner cannot own bank account? :eek: I just opened one last month at SCB in HCM. I only showed them my passport. I also gave them foreign address and foreign phone number. It is OK. :)

Re: Understanding Vietnamese Life Partner
 

Have you taken into account the depreciation of the currency. You could end up with a smaller capital . As an example if they devalue the currency by another 15 percent you would end up with SGD17,000 :)

Re: Understanding Vietnamese Life Partner
 

Give me the bank branch and officer there...I better check it out...I have friend working in Sacombank and tell me I can't open without a local name joint...I walk in ACB oso same thing 2 years ago...:)

Re: Understanding Vietnamese Life Partner
 

Yes. I also considered it. But maybe VND appreciates 15% then I end up with a capital gain of SGD 3000 :D I know this is very unlikely since VND has a tendency to depreciate in the past 30 years, but who knows? Anything can happen, right?

This is the one I went to:

Sacombank
Chi Nhanh Sai Gon
211-213-215 Pham Ngu Lao
Quan 1, TP HCM