Hi where did you get information that transfer maximum is only $7000 a year? Surely as long as proof of money being transferred from overseas is there, there should not be a limit and banks should assist?

Post a Reply

00abuse

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

We were just at ACB bank in Bien Hoa two weeks ago, where they offered both Western Union and direct bank transfer services. We were told that there is a $7000 yearly cap, so I'm trying to figure out if there is anyone here who had experience with transferring funds from a business or real estate sale before. From my limited knowledge, foreigners are able to purchase properties now, but what happens when you sell?

Post a Reply

00abuse

It's true that banks giving a certain amount on transfer money out of Vietnam each year. My parents use the"black market" agent to move money out of Vietnam, and once the money arrived to Canada, they will show the proof of selling their property in Vietnam to a Canadian bank. This is purely for Anti-money laundry that Canadian bank required before deposit such a huge amount of money :)

Post a Reply

00abuse

That's great to hear. Thank you! Do you have contact information for this agent that you can email me? Thanks.

Post a Reply

00abuse