New regulations on cross-border carrying of cash
Under the Circular No. 15/2011/TT-NHNN,
individuals who carry over 5,000 USD or other foreign currencies that
have equal value and more than 15 million VND must make customs
declarations at border gates.
For individuals who carry
into Vietnam foreign currency equal to or less than 5,000 USD, or other
foreign currencies have equal value and wish to send this amount of
foreign currency to account of payments in foreign currency of
individuals opened at credit institutions or branches of foreign banks
licensed to conduct foreign exchange transactions must also declared to
the border gate customs.
The entry-exit declaration
certified by the border customs of the foreign currency in cash brought
into is the basis for licensed credit institutions to send foreign
currency in cash to the account of payments.
The entry-exit
declaration verified by the border gate customs is only valid for
individuals to send foreign currency in cash to the account of payments
within a maximum of 60 days from the date on the declaration of
entry-exit./.