Carrying gold bullion, materials in, out of Vietnam banned

Vietnamese and foreign individuals are banned from carrying gold bullion or gold materials when leaving or entering Vietnam, according to regulations recently issued by the State Bank of Vietnam.

Under Circular No. 11/2014/TT-NHNN, individuals on exit or entry are permitted to carry only jewellery gold and fine-art gold articles.

If the gold totals 300 grams or more, they must declare as such to customs officials.

The circular replaces Decision No. 1165/2001/QD-NHNN on the carrying of gold across borders. It will take effect from May 15, 2014.-VNA

Source: vietnamplus

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