Transfer abroad of capital and assets
VGP - A foreigner working in Việt Nam for an investment project shall be permitted to transfer capital and assets abroad after having fulfilled completely his or her financial obligations.
Question: How to transfer capital and assets abroad?
Answer:
1. After fulfilling their financial obligations toward the Vietnamese State, foreign investors may transfer abroad the following:
a) Profits gained from business activities;
b) Payments for the supply of techniques, services or intellectual property;
c) Principals and interests on foreign loans;
d) Investment capital and proceeds from liquidation of investments;
e) Other sums of money and assets under investors' lawful ownership.
2. Foreigners working in Vietnam for investment projects may transfer abroad their lawful incomes after fulfilling their financial obligations toward the Vietnamese State.
3. The transfer abroad of the above sums of money shall be effected in freely convertible currencies at the exchange rates of commercial banks selected by investors.
4. Procedures for transfer abroad of money amounts related to investment activities shall comply with the provisions of foreign exchange management law.
