What documents are required when individuals exit Vietnam and carry foreign currencies in cash?

Specifically, Circular No. 20/2019/TT-NHNN of the State Bank of Vietnam supplements the provision that when individuals, including residents and non-residents, enter or exit Vietnam and carry foreign currencies in cash, Vietnamese dong in cash, precious metals and/or precious stones requiring customs declaration, they shall present the following documents to customs authorities at border checkpoints:

Firstly, for precious metals and precious stones (excluding gold):

- Invoices of enterprises or organizations permitted to trade precious metals and/or precious stones; or other documents proving the legal origin of the precious metals and precious stones if such invoices are not available;

- The documents presented to customs authorities at border checkpoints must be the authentic copies or certified true copies according to regulations of laws;

Secondly, for foreign currencies in cash, Vietnamese dong in cash and gold, the documents presented to customs authorities at border checkpoints are stipulated by the State Bank;

Thirdly, if an invoice or a document proving the origin is in a foreign language:

- For individuals exiting Vietnam: a certified Vietnamese translation as prescribed by law, unless the individual has presented the authentic copy or certified true copy earlier;

- For individuals entering Vietnam: the authentic copy or certified true copy.

Besides, according to Article 9 of Circular No. 35/2013/TT-NHNN, the value of precious metals, gems (other than gold): 300,000,000 (three hundred million) dong, in which:

- Precious metals (other than gold) include: Silver, platinum, crafts and jewelry made of silver, platinum; kinds of alloy containing silver, platinum.

- Gems include: diamond, ruby, sapphire and emerald.

The value of foreign currency in cash, Vietnam currency in cash, gold required customs declaration shall comply with regulations of the State bank of Vietnam.

View full text at Circular No. 20/2019/TT-NHNN of the State Bank of Vietnam, effective from November 14, 2019.

Thu Ba

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