To: Valued Investors and Member Enterprises (“Valued Customers”)

Pursuant to Circular No. 38/2026/TT-NHNN regulating foreign exchange management for foreign investment activities in Vietnam, issued by the State Bank of Vietnam on 31 July 2026 and effective from 18 August 2026 (hereinafter referred to as “Circular 38”).

Accordingly, Indovina Bank Ltd. (IVB) hereby publicly announces the following key information relating to the opening and use of Foreign Investment Capital Accounts in Vietnam (hereinafter referred to as “Investment Capital Accounts”) at IVB as follows:

1. Entities eligible to open an Investment Capital Account at IVB

-    Foreign-invested economic organizations, including:

(i)   Economic organizations established by foreign investors or member enterprises;

(ii)   Foreign-invested economic organizations in which foreign investors/member enterprises, as members or shareholders, hold more than 50% of charter capital through capital contribution, share purchase or purchase of capital contributions;

(iii)  PPP project enterprises established by foreign investors.

-   Foreign investors and member enterprises participating in BCCs.

-   Foreign investors directly implementing PPP projects (without establishing a PPP project enterprise).

-   Contractors that are foreign investors under petroleum contracts and agreements in the petroleum sector entered into in the name of the State/Government of Vietnam with foreign contracting parties.

2. Types and number of accounts permitted to be opened

-    01 (one) Investment Capital Account in foreign currency and/or 01 (one) Investment Capital Account in Vietnamese dong may be opened at the same authorized bank (IVB).

-   Where capital is contributed in multiple foreign currencies: an additional 01 Investment Capital Account corresponding to each foreign currency may be opened at IVB.

-    Where multiple BCCs, petroleum contracts or PPP projects are implemented: a separate Investment Capital Account must be opened for each contract/project.

3. Procedures and documents for opening an Investment Capital Account

Customers shall open a Foreign Investment Capital Account in accordance with IVB’s regulations and procedures on opening and use of payment accounts and IVB’s regulations on foreign investment capital accounts, including the following principal documents:

-   Account Opening and Use Agreement (IVB form);

-  Documents evidencing the legal status of the organization/individual;

- Investment Registration Certificate / License for Establishment and Operation under specialized law / Notification on satisfaction of conditions for capital contribution, share purchase or purchase of capital contributions by foreign investors / Enterprise Registration Certificate / BCC / PPP contract entered into with a competent state authority / petroleum contract and related documents;

-   Documents evidencing that the foreign investor/member enterprise holds more than 50% of charter capital (if applicable);

-  Undertaking on not maintaining an investment capital account at any other bank (IVB form), or confirmation from another bank that all investment capital accounts opened at such bank have been fully settled and closed;

-   Other documents as required by IVB depending on the specific case.

4. Permitted receipt and payment transactions

4.1. On an Investment Capital Account in foreign currency

Receipts: capital contributions; receipt of payment for capital/project transfers; purchase of foreign currency for remittance of capital, profits and lawful income overseas, or purchase of foreign currency to transfer capital, profits and lawful income arising from investment activities from the International Financial Center in Vietnam into the rest of Vietnam to a member enterprise’s capital account opened at a member bank; receipt of balances when changing banks; share premium; proceeds from domestic sales of petroleum products; and other lawful receipts related to foreign investment activities.

Payments: transfer to payment accounts for investment activities; sale of foreign currency; payment of transfer consideration; transfer of capital, profits and lawful income overseas or to a foreign investor’s payment account, or to a member enterprise’s capital account at a member bank or payment account; refund of capital/pre-investment expenses; foreign currency conversion; and other lawful payments.

4.2. On an Investment Capital Account in Vietnamese dong

Receipts: capital contributions in VND; receipt of payment for capital/project transfers; receipt of profits for capital increase/investment expansion; transfers from payment accounts for purchase of foreign currency for remittance overseas, or purchase of foreign currency to transfer capital, profits and lawful income arising from investment activities from the International Financial Center in Vietnam into the rest of Vietnam to a member enterprise’s capital account opened at a member bank; receipt of balances when changing banks; share premium; petroleum proceeds; and other lawful receipts.

Payments: transfer to payment accounts for investment activities; payment for domestic transfers; purchase of foreign currency for remittance of profits and lawful income overseas or to a member enterprise’s capital account at a member bank; transfer of capital/profits in VND; refund of capital/pre-investment expenses; and other lawful payments.

* Details of permitted receipt and payment transactions shall comply with Circular 38 and IVB’s guidance.

5. Fund flow transparency requirements

When transferring funds to an investor or member enterprise, every remittance order must clearly state the transfer amount and purpose.

6. Important notes

-   Cash capital contributions must be made by bank transfer into the Investment Capital Account.

-  A customer may only open and maintain an Investment Capital Account at one authorized bank at any one time.

- Customers are responsible for providing complete and truthful supporting documents and materials and shall bear legal responsibility for the authenticity of the documents provided.

Valued Customers eligible to open an Investment Capital Account as stated above are requested to contact the nearest IVB Branch/Transaction Office or IVB Customer Service Center at 1900 588 879 for detailed guidance, forms and assistance with procedures for opening and using an Investment Capital Account.

Respectfully announced.