Is it Permissible to Withdraw Savings in Foreign Currency?
At Article 10 of Circular 48/2018/TT-NHNN on savings deposits issued by the State Bank of Vietnam, regulations regarding the currency received and paid for savings deposits are as follows:
The currency received for savings deposits can be Vietnamese Dong or foreign currency. The credit institution determines the type of foreign currency received for savings deposits.
The currency paid for savings deposits is the type of currency that the depositor initially deposited. The payment of fractional foreign currency is carried out according to the guidelines of the credit institution.
=> Thus, according to the above regulations, if the depositor deposits in foreign currency, the savings received can be in foreign currency. If the deposit is in Vietnamese Dong, the savings received will still be in Vietnamese Dong!
Sincerely.
