Remitting Profits from Vietnam

Remitting profits fromVietnam 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.

Although implementing remittance strategies can seem a daunting task, up to date

information allows investments to reap the rewards of Vietnam’s increasing competitiveness

and ensures that profits are distributed abroad in a seamless manner. 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.

Dezan Shira & Associates has a growing team of Tax and Corporate Advisory Specialists

within Vietnam providing our clients with years of combined experience helping foreign

enterprises set up operations and repatriate profits. For questions or information on carrying

losses, setting up foreign currency bank accounts, or other issues related to remitting profits

from Vietnam, please contact our offices in Ho Chi Minh City and Hanoi.

Introduction

For queries regarding the content of

this magazine, please contact:

All materials and contents

Reference

Vietnam Briefing and related titles are

produced by Asia Briefing Ltd., a wholly

owned subsidiary of Dezan Shira Group.

Content is provided by Dezan Shira &

Associates. No liability may be accepted

for any of the contents of this publication.

Readers are strongly advised to seek

professional advice when actively looking

to implement suggestions made within

this publication.

This Month’s Cover Art

Pham Hong Son

Oil on canvas, 100 x120 cm

Green Palm Gallery

info@greenpalmgallery.com

+84 97 762 7722