Hi all. I'm a British expat living in Vietnam - have been here for several years and am a tax resident here. I've recently become a lot more interested in personal finance and want to invest in a global equity ETF, as well as park some money into a high-yield savings account to take advantage of the high interest rates.
Thing is, every UK bank product I check says I'm not eligible due to not being a resident there. I've tried international accounts like Lloyds International who also refuse me due to 'local regulatory conditions'. It seems Vietnam is very cut off from the rest of the world in this regard - I imagine this is the same in most developing nations.
I've even tried opening a savings account in a local bank in Vietnam, but as I'm a foreigner this isn't allowed. I could use my wife's account, but I don't want all my savings going into her account - or a Vietnamese bank even, I'd much rather a global equity EFT from Vanguard or someone similar.
Is there ANY legitimate way that I can access these markets in my current situation?
FYI - I am currently paid into a Vietnamese bank account, although this will be changing in due course. I intend to set up an offshore account with Standard Bank International once I have the initial minimum deposit free to go.
Thanks in advance for your feedback.
Thing is, every UK bank product I check says I'm not eligible due to not being a resident there. I've tried international accounts like Lloyds International who also refuse me due to 'local regulatory conditions'. It seems Vietnam is very cut off from the rest of the world in this regard - I imagine this is the same in most developing nations.
I've even tried opening a savings account in a local bank in Vietnam, but as I'm a foreigner this isn't allowed. I could use my wife's account, but I don't want all my savings going into her account - or a Vietnamese bank even, I'd much rather a global equity EFT from Vanguard or someone similar.
Is there ANY legitimate way that I can access these markets in my current situation?
FYI - I am currently paid into a Vietnamese bank account, although this will be changing in due course. I intend to set up an offshore account with Standard Bank International once I have the initial minimum deposit free to go.
Thanks in advance for your feedback.