Remitting Profits from Vietnam: An Introduction for Foreign Investors
- As Vietnam continues to attract record levels of foreign investment, the need to understand the country’s remittance policy has never been greater.
- Government bodies and banks play an integral role in the remittance process.
- While remitting is typically not a problem, foreign investors should note and account for restrictions that may result in liquidity issues.
Remitting profits from Vietnam can prove to be a complex and time-consuming process, even for the most seasoned investors. Shifting regulations and scarce local information on procedures has created a difficult compliance landscape that mandates continued attention from businesspeople.
Although implementing remittance strategies can seem a daunting task, businesses that seek out up-to-date information and plan accordingly are more ready to ensure that profits from their business in Vietnam are distributed abroad in a seamless manner.
This is an excerpt from an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.