The objective of this exercise is to help our corporate customers meet the requirements of Circular 23/2014/TT-NHNN dated 19/8/2014 (as amended) and regulations on chief accountant and authorised signatories on banking vouchers. Transactions performed with the bank through banking vouchers or internet banking by customers who are units, organizations that are required to have a chief accountant in accordance with the applicable laws must have at least two groups representing for account holder and chief accountant.
You may follow the link here to read more about the relevant regulations and our recommendations.
Account Holder of the corporate current account is the corporate which opens the current account. The legal representative or authorized representative (hereinafter referred to as legal representative) of the corporate that opens the account shall perform transactions over the current account on behalf of the corporate. As such, accounts of the corporate will be operated by its legal representative or its authorized person.
Based on accounting regulations, accounting unit being enterprises established and operating under Vietnam laws and branches of foreign enterprises operating in Vietnam which make the financial statements must appoint Chief Accountant.
Single-member limited liability company owned by an individual whom Legal Representative who satisfies all standards and conditions for chief accountant can also act as the chief accountant.
Extra-small enterprises as defined in the regulations on assistance for small and medium enterprises who may appoint a person in charge of accounting without having to appoint a chief accountant.
Extra-small enterprise means enterprise in:
- Agriculture, forestry and fishery/ Industry and construction sector has the total number of employees is 10 persons/ less than 10 persons and total revenue of the preceding year or total capital is not higher than VND 3 Billion, or
- Trade and service sector has the total number of employees is 10 persons/ less than 10 persons and total revenue of the preceding year is not higher than VND 10 Billion or total capital is not higher than VND 3 Billion
- You will need to decide if your entity should appoint an independent Chief Accountant in accordance with stipulated regulations and exemptions.
- If your entity falls under exemption and there is no need for you to appoint an independent Chief Accountant, please download Form A here and complete the declaration.
To be signed by the Legal Representative of the entity. To mail the original copy of Form A to UOB for our record. - If your company must appoint an independent Chief Accountant as per regulation, please confirm that your entity has registered two groups of signatories representing for account holder and chief accountant with UOB in compliance with prevailing regulations.
Otherwise, you may download Form B here to update your account signing mandate and/ or users/ authorizers for business internet banking service to include both account holder and chief accountant groups. To be signed and authorized by both Legal Representative and Chief Accountant groups. Please also sign in accordance to your corporate Charter/ internal regulations.
To mail original Form B to UOB for our record and update.
For newly appointed Chief Accountants without existing relationship with UOB, we will reach out to him/ her separately for witnessing of onboarding.
Yes, you will need to ensure the mandate of all accounts and services meet the requirements of the regulations.
Yes, you will need to ensure that the users/ authorizers of Business Internet Banking service must meet the requirements of regulations.
It is not mandatory to apply for Business Internet Banking service for your UOB account(s). However, for your convenience, we recommend that you apply for the service. You may follow the link here to find out more about our business internet banking service.
In applying for the service, you must ensure that you meet the requirements of the regulations unless otherwise exempted.
You may contact our hotline at:
- Business Banking
+84 28 3868 9700 (Local & Overseas)
(8.30am - 5.30pm, Mondays to Fridays, excluding public holidays) - Commercial Banking
1800 558 880 (Local)
+84 28 3933 1999 (Overseas)
(8:30am - 5:30pm, Mondays to Fridays, excluding public holidays)
Or visit our branches:
- UOB Vietnam
Central Plaza, 17 Le Duan Blvd., Ben Nghe Ward, District 1, HCMC - UOB Vietnam – Copac Branch
Copac Square, 12 Ton Dan, Ward 13, District 4, HCMC - UOB Vietnam – Ha Noi Branch
Pan Pacific building, No 1. Thanh Nien Street, Yen Phu, Ba Dinh, Ha Noi
Yes, you must reply to UOB Vietnam before the deadline to avoid disruptions to your accounts and services.
You must complete your declaration and/ or update of signing mandate(s) by 30 June 2021.
After the deadline, you may still receive funds in your account but outward remittance of funds will be affected until your completion of declaration/ remediation.
You may contact our hotline at:
- Business Banking
+84 28 3868 9700 (Local & Overseas)
(8.30am - 5.30pm, Mondays to Fridays, excluding public holidays) - Commercial Banking
1800 558 880 (Local)
+84 28 3933 1999 (Overseas)
(8:30am - 5:30pm, Mondays to Fridays, excluding public holidays)
Or visit our branches:
- UOB Vietnam
Central Plaza, 17 Le Duan Blvd., Ben Nghe Ward, District 1, HCMC - UOB Vietnam – Copac Branch
Copac Square, 12 Ton Dan, Ward 13, District 4, HCMC - UOB Vietnam – Ha Noi Branch
Pan Pacific building, No 1. Thanh Nien Street, Yen Phu, Ba Dinh, Ha Noi