SAVINGS ACCOUNT

. Vietcombank HCM offers savings account to both local and foreign individuals residing in Vietnam for more than 12 months.
. Savings can be made in Vietnamese Dong and/or major currencies : USD, GBP, CHF, EUR.
. Savings account will be kept secure and confidential.
. Procedure of deposit and withdrawal is quick and convenient.
. Savings can be made in various terms: current, 1, 3, 6, 9, 12-month, 2, 3, 5-year
. For further information, please contact Savings Division, tel:

1. Procedure of deposit

For depositing money, customers present ID or Passport, fill in the Deposit Form of Vietcombank HCM and register the signature. Customers will receive a savings book with VCBHCM's stipulation on saving's account.

2. Procedure of withdrawal

For withdrawal, please fill in the Withdrawal Form and present the ID or Passport. The signature in the Withdrawal Form is to be the same as the registered signature at VCBHCM.

3. Authorisation for withdrawal

In case of not coming to the bank, customers can authorise another person to withdraw. The authorised person has to present the following documents:
- Savings book issued by VCB HCM bearing the name of the savings bookowner (authoriser)
- The authorised form certified by the local authority referring the name of the authoriser and the authorised person, ID or Passport number of the authorised person. The signature of the authoriser is to be the same as the registered signature at VCB HCM.
- ID or Passport of the authorised person.

4. Loan secured by savings book issued by Vietcombank HCM - Savings book can be used as a colleteral for bank loan in Vietnam Dong within VCB network or other credit organisation (subject to their acceptance) complying with the existing regulations. - Customers can be lent up to 95% value of the Vietcombank savings book. Procedure of obtaining bank loan secured by Vietcombank savings book: Please contact the Credit and Guarantee Division and present: - Savings book - ID, residency book, marriage certificate, single status certificate or divorce decision by the court. please refer to "Vietnam Dong Lending Rate"

5. Interest Rate applicable to savings account:

5.1 Interest rate for Vietnam Dong Deposit is calculated by % per month on a 30-day-month basis.
Interest rate for foreign currencies Deposit is calculated by % per annum on a 360-day-year basis.
5.2 Interest for Demand Deposit is payable on the 25th each month or the withdrawal date. Interest shall be automatically accumulated to the principal if there is not an interest withdrawal.
Interest for Time Deposit is payable upon maturity. If the maturity day is on non-working day or holiday, the withdrawal will be made on the first following working day.
On the maturity date, if customers do not withdraw and have no other request, interest will be accumulated to the principal and the deposit is renewed for another equivalent period or for the next shorter term if the equivalent savings term is not available. Interest and interest rate for the renewed deposit are then calculated as per VCB HCM 's offer on the maturity date.
For premature withdrawal, interest rate for Demand Deposit will be applied.
Please refer to the Interest on Vietnam Dong Savings and Interest on Foreign Currency Savings.