Monday, August 15, 2011

Bring on the 15 million cash on immigration must be declared

Scope of this circular is to bring foreign currency in cash, Vietnam dong in cash by individuals leaving or entering through the international border of Vietnam.

Provide for the foreign currency in cash, Vietnam dong in cash or individuals must declare to the customs gate is over $ 5,000 or other foreign currencies have equal value and over 15 million Vietnam dong.

For individuals who carry into foreign currency in cash equal to or less than $ 5,000 or other foreign currencies have equal value and wish to send this amount of foreign currency on account of payments in foreign currency Personal credit institutions opened branches of foreign banks licensed to conduct foreign exchange transactions must also be declared to the customs gate. The declaration and entry - exit certified by the border customs of the foreign currency brought into the basis for credit institutions are allowed to deposit foreign currency cash payment to the account.

Individuals who carry foreign currencies in cash, Vietnam dong in cash in excess shall not exceed the amount brought in to present to the border customs declaration entry - exit certified by the customs gate the amount of foreign currency in cash, Vietnam dong in cash brought in when the last entry, do not need a certificate of authorized credit institutions.

The declaration and entry - exit certified by the border customs of the foreign currencies in cash, Vietnam dong in cash brought in when the last entry is valid only for individuals carrying foreign currencies in cash, and Vietnam cash abroad next exit within 12 months from the date on the declaration and entry - exit.

Vouchers to send the foreign currency brought into account in foreign currency payments of personal credit institutions to open in the declaration are allowed entry - exit certified by the border customs of the foreign currency brought into . This declaration is only valid for individual foreign currency cash account in foreign currency payments within a maximum of 60 days from the date on the declaration of entry - exit.
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