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Minimum Rental Periods
The minimum rental agreement period is typically 1 year.
Required Documents for Signing a Lease
Typical documents required to sign a lease are a valid passport and proof of employment.
Standard Security Deposit
The security deposit is equivalent to 1-3 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inventory, inspection of outstanding refurbishments, and cleaning.
Outstanding payments for utilities and repairs will be deducted if necessary.
Rental Commission
Should you utilize the services of a real estate agent to help you in your search, agencies usually collect rental commission equal to 30%-100% of 1 months’ rent.
Payment of Rental Commission
Rental commission is typically paid by the landlord.
Accepted Method of Payment
Bank transfer or cash payments in VND or USD are acceptable methods of payment.
School Fees
Most schools require a deposit in the range of 1,000-4,000 USD as well as an application fee of approximately 150 USD.
Tuition, uniforms, books and supply fees are typically paid in advance.
Accepted Method of Payment
Bank transfer or cash payments in VND or USD are acceptable methods of payment.
Additional Notes
School options include public and international schools.
Requirements
In order to transfer an origin country driver’s license into the Vietnamese license, the following may be required:
• Notarized Vietnamese translation of original license
• Valid passport and visa (must be greater than 3 months. Will need original and a copy)
• Resident card (original and a copy)
• 2 photos (3×4 cm)
• Application form
In order to apply for a new driver’s license, the following may be required:
• Driving and traffic law test in Vietnamese
• Valid passport and visa (must be greater than 3 months. Will need original and a copy)
• Resident card (original and a copy)
• Medical certificate
• 3 photos (3×4 cm)
• Application form
Additional Notes
It is usually possible to convert a driver’s license for the same type of vehicle issued by another country to a Vietnamese license. In the event foreigners do not have a driver’s license in their home country, they must pass both written and driving tests. The written test is in Vietnamese and the applicant is not allowed to have an interpreter or translator.
Required Documents
In order to open a bank account you may be asked for:
• A valid passport
• Work Visa valid for 3 or more months.
• Labor contract if the account receives a local salary
• Proof of address in Vietnam
Time Required
Typically, opening a bank account can be completed same day.
Additional Notes
Minimum balance varies greatly from bank to bank. Each time a bank account holder travels into Vietnam, and receives an Arrival Card stamped and declared at the airport, they will be able to deposit a maximum of 5,000 USD into the local account.