Private Clients & Families

Remitting Inherited Money Abroad from Vietnam

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Quick answer

Yes — inherited money can be remitted abroad from Vietnam. Foreign heirs (and Vietnamese heirs emigrating) may transfer inheritance proceeds out through legal foreign-exchange channels — but the transfer requires the full inheritance document set, and banks examine it carefully.

The money moves — on paper, not on promises.

The remittance procedure

One — complete the inheritance: the heirship declaration (notarized), tax clearance, and the asset realization (sale of property, release of deposits) must be finished first — banks remit proceeds, not claims. Two — open the channel: the heir applies at a licensed bank for outward remittance of inheritance funds, presenting: the inheritance declaration, proof of the heir’s identity and foreign status, tax-clearance confirmation, sale/release documents showing the source and amount, and the receiving account details. Three — bank review and transfer: the bank verifies the legality of source (anti-money-laundering rules apply — large sums get scrutiny) and executes the transfer; expect days to weeks, not hours.

Currency: VND proceeds are converted at the bank’s rate — compare rates and fees across banks for large sums; the spread on a billion-VND transfer is real money.

The traps

Informal channels: using underground remittance to move inheritance money is illegal — and forfeits the documentary proof you’d need for tax and legal purposes in the receiving country. The “cheaper” channel costs more. Structuring: splitting transfers to dodge scrutiny thresholds is itself a red flag — banks aggregate related transfers. Stale documents: remittance applications with expired IDs or incomplete tax clearance stall for months — assemble the complete set before applying. Co-heir proceeds: where multiple heirs remit, each remits their own share on their own documents — one heir can’t collect everyone’s money and forward it without authorization structures that invite scrutiny.

Frequently asked questions

Is there a limit on how much I can remit?

For genuine inheritance proceeds with complete documentation, the transfer follows the proven amount — the limit is evidentiary, not numerical. Undocumented or inflated amounts don’t move.

What if the receiving country asks about source?

That’s exactly what the Vietnamese document set is for — heirship declaration, sale contracts, tax receipts. Keep certified translations; receiving-country banks and tax authorities accept well-documented inheritance funds routinely.

Can I remit before selling the property?

No — banks remit realized proceeds, not expected sale values. Sell first (or have the co-heir buyout documented), then remit the cash. The sequence is fixed.

FLAT Law Firm moves inheritance money across borders lawfully: document assembly, bank procedures, and compliant remittance. Contact us to bring the proceeds home.