In this issue of Vietnam Briefing:
- An Introduction to Vietnamese Remittance
- The Step-by-Step Guide to Repatriating Corporate Profits
- Case Study: Managing Accounts to Ensure Access to Remittances
Remitting profits from Vietnam can prove a complex and time consuming process for even the most seasoned investors. Shifting regulations and scarce information on remittance procedures results in a constantly changing compliance landscape that mandates continued attention. For those with current operations within the country or considering Vietnam as a destination for future investment, monitoring of regulatory bodies and review of pertinent legislation is a critical component of entry and operational due diligence.
In this issue of Vietnam Briefing, we outline existing regulations on remittance and provide guidance on how to ensure compliance in order to repatriate profits in a timely fashion. We highlight relevant government bodies, outline steps required to successfully repatriate returns, and provide expert guidance on carrying losses.
As Vietnam continues to attract record levels of investment, the importance of repatriation will only continue to increase in importance. With a growing team of Tax and Corporate Advisory Specialists in Vietnam with years of combined experience in set up and repatriation, Dezan Shira and Associates is perfectly positioned to assist companies throughout the duration of their investments. For questions or information on carrying losses, setting up foreign currency bank accounts, or other concerns related to the remittance process, please contact our offices in Ho Chi Minh City and Hanoi.