Vietnam
Foreign Exchange in Vietnam
Recent forum posts
-
Is hiring a content writing agency worth the money for a small business?
Honestly, yes — if you choose the right agency. A good content writing agency helps small businesses look professional, rank better in search engines, and attract the right audience.If you’re not great at writing or you’re too busy running the business, outsourcing your content saves time and stress. Just make sure you’re clear
Total Posts: 1 Last post by samantharoto92
-
Company setup in Dubai
Right start is essential for a Perfect Business”UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt.Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most
Total Posts: 8 Last post by oliverjhon
Vietnam Foreign Exchange
The State Bank of Vietnam ( SBV) imposes strict controls on foreign exchange transactions.
You must get foreign currency convertibility rights from SBV as early as possible. Convertibility rights are normally part of the investment licence so are given to companies operating in specific import substitute and other ‘important’ industries. Convertibility rights don’t guarantee availability of foreign exchange.
Foreign currency is allowed out of Vietnam only when:
- Needed for payment for goods and services by an importer with an import license and other supporting import documents (ie purchase contract, invoice, customs declaration form etc)
- Remittance of dividends has been cleared by Vietnamese tax authorities
- Repaying foreign loans and interest
- Paying salaries, bonuses and allowances to expatriate employees
Click here to Ask an Expert about Foreign Exchange in Vietnam