Regulations on Bringing Foreign Currencies out of Vietnam

12:00:51 AM | 7/8/2011

The State Bank of Vietnam (SBV) recently announced a draft circular which stipulates the amount of foreign currencies and Vietnamese dong is allowed to be brought by individuals when they exit Vietnam. The draft is expected to take effect from July 1.
 
Accordingly, individuals exiting or entering Vietnam’s international border gates cannot bring more than US$5,000 (or other equivalent foreign currencies) and VND15 million. The limits are not subject to other forms of payment and valuable papers (traveller’s checks, bank cards, savings books, securities and other valuable papers).
 
In case individuals want to bring a bigger value of cash, they are required to present to customs officers verification certificates on the excessive value issued by credit institutions permitted to provide forex services or by the State Bank of Vietnam.
 
Q.C