Ways to diversify your banking needs outside of Vietnam I am an American citizen and have been running a small textile business in Vietnam for just over ve years. Since my company is incorporated solely in Vietnam, I have been conducting all of my corporate and individual banking activities through my Vietnam- ese bank accounts.
Navigating the pros and cons of investing in the real estate market Hi Sven, I’m a French citizen currently living in Ho Chi Minh City. I would like to invest in local assets. I’ve tried to open a stock trading account with a local brokerage but it seems like the stock market is extremely volatile, and
Comparing investment risks between here and abroad Dear Sven, What advice do you have for a Vietnamese/US dual citizen who wants to buy a house in the US instead of saving money in Vietnamese banks or investing in domestic assets in such unstable conditions? And what about renting the house while staying in Vietnam? I’m
Investing in a foreign country in exchange for citizenship Dear Sven, I am a 40-year-old South African who’s been working in Vietnam for the last three years. I have been an expat for the last 10 years and have around 40 percent of my wealth sitting in South Africa and the rest is held offshore.
Hit the brakes, sir. Is that cash or credit for the car? Dear Sven, I’m American and my wife is Vietnamese. We’ve decided to buy a car. I’ve never purchased a new one in Asia. We definitely want to buy new. We’re considering getting a loan from a bank. Which banks would be able to
Is a financial advisor needed when deciding to invest? Dear Sven, I moved to Vietnam six months ago, and am on a temporary assignment here until the end of the year. I am paid into my US bank account and, since living in Vietnam is extremely cost effective, I have managed to save up quite
Trusts as a financial planning tool Dear Sven, I’m a keen investor who’s been living in Vietnam for six years now. I have a few property investments abroad, and I own a small stock portfolio. I have a son who is six years old and is about to start his first year of school. I
Dear Sven, I have been running a successful diving school in Vietnam for many years now and have a loyal team of employees, most of whom are Vietnamese. I am worried that when they want to retire or are unable to work due to illness or injury, they will not have sufficient savings/insurance in place
Dear Sven, I’ve been living in Saigon for a number of years now, and have always been interested in using a bit of my money to buy shares in the Vietnamese stock market. I’ve read that the government will lift the restrictions on the purchase of local stocks by foreign investors starting September 1. I
Dear Sven, I just moved from Madrid to Saigon to work as a manager at a local manufacturing company. My boss told me that I am responsible for opening my own bank account while I’m here. I’ve noticed that there are both Vietnamese and foreign banks operating in the city. I want to open an