Vietnam Allows Travelers to Carry More Money Across Border
Travelers are now allowed to carry 2.5 to three times more foreign and local currencies when entering or leaving Vietnam, the country’s central bank has announced.
Travelers only have to declare cash when they carry more than US$7,000, or other foreign currencies of the same value, and VND15 million (around US$950) when entering or leaving the country, the State Bank of Vietnam said.
The figures are the maximum amounts of cash travelers can carry, not meaning they are only allowed to have US dollars or Vietnamese dong, a State Bank official said.
In the last six years, foreign and Vietnamese travelers had to declare cash only if it amounted to $3,000 and VND5 million (about $316).
The increases were one of the requirements that member countries of the World Trade Organization and the International Monetary Fund wanted Vietnam to meet over WTO entry talks, said an official.
It is also a positive sign showing Vietnam’s determination to integration and that the country is gradually opening up its monetary policies, the official said.
Reported by N.Son & T.Xuan – Compiled by Hieu Trung.
Story from Thanh Nien News
Published: 28 June, 2005, 21:04:30 (GMT+7)
Copyright Thanh Nien News
