Can Vietnamese individuals visit their homeland to bring ingot gold out of Vietnam?

Can Vietnamese individuals visit their homeland to bring ingot gold out of Vietnam?

Pursuant to Article 2 of Circular 11/2014/TT-NHNN stipulating on carrying of gold by individuals who leave or enter Vietnam with passports as follows:

1. Vietnamese and foreign individuals who leave or enter Vietnam with passports may not carry ingot gold and material gold. Foreign individuals who carry ingot gold and material gold when entering Vietnam with passports shall carry out the procedures for depositing the gold amount at the customs warehouse in order to bring it out of the country when being on exit or carry out procedures for bringing such amount abroad and shall bear all related expenses.

2. Vietnamese and foreign individuals who carry jewelry gold and fine-art gold articles in a total amount of 300 (three hundred) grams or more when leaving or entering Vietnam with passports shall declare such with customs offices.

According to this Article, if you are a Vietnamese citizen with Australian nationality, when you return to Vietnam to visit your relatives and is given 8 SJC gold bars (ingot gold), you are not allowed to bring them when leaving Vietnam.

What is carrying of gold by individuals who leave or enter Vietnam with border laissez-passers in Vietnam?

According to Article 3 of Circular 11/2014/TT-NHNN stipulating carrying of gold by individuals who leave or enter Vietnam with border laissez-passers, entry or exit laissez-passers or border identity cards as follows:

1. Vietnamese and foreign individuals who leave or enter Vietnam with border laissez- passers, entry or exit laissez-passers or border identity cards may not carry raw material gold, ingot gold, jewelry gold and fine-art gold articles, except the cases specified in Clause 2 of this Article.

2. Vietnamese and foreign individuals who enter or leave Vietnam with border laissez- passers, entry or exit laissez-passers or border identity cards may wear jewelry gold for ornamental purpose, including rings, necklaces, strings, ear-rings, needles and other jewelry articles. If carrying of gold in a total amount of 300 (three hundred) grams or more, they shall declare such with customs offices.

Best Regards!