Can you take Vietnamese dong out of the country?
Exiting Vietnam with Vietnamese Dong: Understanding Currency Regulations
When departing Vietnam, travelers should be aware of the currency regulations governing the export of Vietnamese dong (VND). These regulations aim to prevent illicit financial activities and maintain the stability of the Vietnamese currency.
Limits on Exporting VND
According to Vietnamese law, individuals are permitted to take out of the country an amount of VND up to 15,000,000 (approximately USD 650) or its equivalent in other currencies without having to declare it to customs. This amount is considered a reasonable allowance for personal expenses and souvenirs.
Declaring Larger Amounts
If you plan to exit Vietnam with an amount of VND exceeding 15,000,000, you are required to declare it to customs upon departure. This declaration can be made through a customs declaration form that is available at the airport or border crossing.
The purpose of the declaration is to ensure that the funds being taken out of the country are legally acquired and not intended for illegal purposes. If you are unable to provide documentation supporting the origin of the funds, customs officials may seize the currency.
Penalties for Non-Compliance
Failing to declare large sums of VND upon departure from Vietnam can result in penalties. These penalties can include fines, confiscation of the currency, and even arrest. It is important to note that these penalties apply to both Vietnamese citizens and foreign visitors.
Tips for Staying Compliant
To avoid any complications when exiting Vietnam with VND, travelers should:
- Keep a record of your currency exchange transactions.
- Convert excess currency into other currencies before departure.
- Declare any amounts of VND over 15,000,000 at customs.
- Cooperate fully with customs officials during the declaration process.
By adhering to these regulations, you can ensure a smooth and legal departure from Vietnam with your Vietnamese currency.
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