Why Vision Fund doesn't want my money ?
Why Vision Fund doesn't want my money ?
I am currently in Phnom Penh investing in fixed deposits with microfinance institutions.
To my surprise I was unable to invest in Vision Fund as I was requested a referral , which of course I don't have as I live in Thailand.
Why on Earth should I need to be introduced by someone anyway ? I mean, I'm doing a deposit , not asking for a loan !
Such policy is pure stupidity
To my surprise I was unable to invest in Vision Fund as I was requested a referral , which of course I don't have as I live in Thailand.
Why on Earth should I need to be introduced by someone anyway ? I mean, I'm doing a deposit , not asking for a loan !
Such policy is pure stupidity
They don't accept shady depositors.
As you said yourself, you live in Thailand.
What other explanation do you need ?
As you said yourself, you live in Thailand.
What other explanation do you need ?
- salvajeuno
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You might try this website: http://www.visionfund.com.kh/social-inv ... posit-sitd
I don't see anything in "How to Apply" above about referrals?How to apply
Bring along following items :
For Individuals: National ID Card or passport
For corporations: Business Registration Certificate, Memorandum and Articles of Association, and/or Letter of Authorization or Board Resolution as well as other documents
Contact us at 023 96 3333 for detail information
For those who reside abroad, please download the application form through the link here.
Please fill in the form, scan and send it to us via e-mail: [email protected]
இ லொவெ ம்ய் டௌக்ஹ்டெர்ஸ் மொரெ தன் அன்ய்தின்க் இன் தெ வொர்ல்ட்
It seems that every person working in a financial institution here has a different idea of what is required to open an account - I spoke to 3 people in one MFI and received 3 different sets of requirements (ranging from copy of lease to letter from Sangkat to employment contract to God-konws-what). In the end, I opened the account with that same MFI with no documentation at all, apart from my passport. Meanwhile in one of the major banks where I have had USD accounts for years, I was told I needed a letter from the Sangkak to also have a Thai Baht account - crazy.....Gau wrote:I am currently in Phnom Penh investing in fixed deposits with microfinance institutions.
To my surprise I was unable to invest in Vision Fund as I was requested a referral , which of course I don't have as I live in Thailand.
Why on Earth should I need to be introduced by someone anyway ? I mean, I'm doing a deposit , not asking for a loan !
Such policy is pure stupidity
Try a different branch and you might get a different reply.
[quote="salvajeuno"]You might try this website: http://www.visionfund.com.kh/social-inv ... posit-sitd
[quote]How to apply
Bring along following items :
For Individuals: National ID Card or passport
For corporations: Business Registration Certificate, Memorandum and Articles of Association, and/or Letter of Authorization or Board Resolution as well as other documents
Contact us at 023 96 3333 for detail information
For those who reside abroad, please download the application form through the link here.
Please fill in the form, scan and send it to us via e-mail: [email protected][/quote]
I don't see anything in "How to Apply" above about referrals?[/quote]This makes sense: e-mailing directly to the top floors bypassing the brainless apes at the reception will do for sure , thanks.
[quote]How to apply
Bring along following items :
For Individuals: National ID Card or passport
For corporations: Business Registration Certificate, Memorandum and Articles of Association, and/or Letter of Authorization or Board Resolution as well as other documents
Contact us at 023 96 3333 for detail information
For those who reside abroad, please download the application form through the link here.
Please fill in the form, scan and send it to us via e-mail: [email protected][/quote]
I don't see anything in "How to Apply" above about referrals?[/quote]This makes sense: e-mailing directly to the top floors bypassing the brainless apes at the reception will do for sure , thanks.
[quote="logos"]They don't accept shady depositors.
As you said yourself, you live in Thailand.
What other explanation do you need ?[/quote]
well, considering all barang are either:
NGOs scammers/thieves/assholes/tards
drunkards
potheads
top class farangs like myself should be largely preferred.
but to each one its own , I guess
As you said yourself, you live in Thailand.
What other explanation do you need ?[/quote]
well, considering all barang are either:
NGOs scammers/thieves/assholes/tards
drunkards
potheads
top class farangs like myself should be largely preferred.
but to each one its own , I guess
Last edited by Gau on Fri Sep 16, 2016 5:11 pm, edited 1 time in total.
This is what I just e-mailed to [email protected] , let's see what they will answer (if they'll ever do):
Dear Sirs,
I am an international investor interested in your fixed deposits.
I am currently in Phnom Pehn but when I visited your new Head Office in Monivong Boulevard I was turned down by the reception desk because I have "no referral".
Now such referral requisite beyond being quite bizarre and unnecessary for a new depositor is also not stated in any part of your website.
So now I'm sending you my new customer details form as from your instruction at this webpage http://www.visionfund.com.kh/hope-savings hoping to be able to open savings and fixed deposit accounts with your institution.
Certain of your positive answer, I wait for invitation to visit again your premises.
Best Regards,
Dear Sirs,
I am an international investor interested in your fixed deposits.
I am currently in Phnom Pehn but when I visited your new Head Office in Monivong Boulevard I was turned down by the reception desk because I have "no referral".
Now such referral requisite beyond being quite bizarre and unnecessary for a new depositor is also not stated in any part of your website.
So now I'm sending you my new customer details form as from your instruction at this webpage http://www.visionfund.com.kh/hope-savings hoping to be able to open savings and fixed deposit accounts with your institution.
Certain of your positive answer, I wait for invitation to visit again your premises.
Best Regards,
- salvajeuno
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^^ I sent a message to VisionFund International in CA, USA requesting clarification on investing in their fund via their main headquarters in Phnom Penh. Like your request... let's see if the International Headquarters will respond.
இ லொவெ ம்ய் டௌக்ஹ்டெர்ஸ் மொரெ தன் அன்ய்தின்க் இன் தெ வொர்ல்ட்
- salvajeuno
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^^Oops... I think I have a copy of the Dhammapada... will this work?
இ லொவெ ம்ய் டௌக்ஹ்டெர்ஸ் மொரெ தன் அன்ய்தின்க் இன் தெ வொர்ல்ட்
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- Wun Gwo Pee
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It's very hard for a non resident to open bank accounts in countries, even in the west. There are a few exceptions such as places like the Channel Islands, Switzerland and perhaps Singapore but you still need to jump through hoops.
Why would the OP think he has an automatic right to bank at Visionfund in Cambodia if he is resident in Thailand?
Why would the OP think he has an automatic right to bank at Visionfund in Cambodia if he is resident in Thailand?
- Lucky Lucan
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Scammers and criminals often have a large sense of entitlement.alanclarke72 wrote:Why would the OP think he has an automatic right to bank at Visionfund in Cambodia if he is resident in Thailand?
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
- Khmerhamster
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People from the western world (generally) have an expectation that banking services are a right and not a privilege.
Incorrectly.
Incorrectly.
I have opened bank/brokerage accounts as a non resident in a lot of countries , from Uganda to Moldova to Sri Lanka. Actually if a country wants foreign investment - either direct or in real estate or in securities - it has to allow non residents investors to open bank accounts, otherwise how could the money flow in ? Also Cambodia has a withholding tax rate specifically for non residents , for what purpose if non residents accounts were not allowed ?alanclarke72 wrote:It's very hard for a non resident to open bank accounts in countries, even in the west. There are a few exceptions such as places like the Channel Islands, Switzerland and perhaps Singapore but you still need to jump through hoops.
Why would the OP think he has an automatic right to bank at Visionfund in Cambodia if he is resident in Thailand?
Regarding Vision Fund , if they don't want new depositors why are they advertising their deposit products on their website ? And if new depositors are attracted , how can they expect they have a referral if they are new and coming from abroad ? I mean , if you want only already known people, what's the point of advertising ?
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