Client: Dear Lawyers: I have one question and hope to get your advice.
By Vietnamese regulation, In what situation, a Vietnamese can change his or her VND to USD and transfer the money to an account in an US bank?
Lawyer: Under Vietnam Law, under following circumstances, a Vietnamese can change his or her VND into foreign currency and transfer money to account in a foreign bank:
– Making payment for import of goods from foreign countries into Vietnam;
– For conducting individual transactions made in foreign countries including tourist, purchasing goods, study or financing members of family.
– Making payment of offshore loan.
– For investment in foreign country.
We do hope that the above information is helpful for you. If you have any further question, please feel free to contact us.
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