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Vietnam 2020 Foreign Investors can transfer money to Vietnam after being granted Investment Registration Certificate (IRC)
Ministry of Planning and Investment
Foreign Investors can transfer money to Vietnam after being granted Investment Registration Certificate (IRC)
Official Letter No. 6238/BKHDT-DTNN dated September 22nd, 2020 of the Ministry of Planning and Investment on capital contribution in cash for implementation of investment preparation activities.
Clause 1 and point a Clause 2 Article 8 of Circular No. 06/2019/TT-NHNN dated June 26th, 2019 of the State Bank of Vietnam providing guidelines on foreign exchange management for the foreign direct investment in Vietnam regulate the transfer of capital for the pre-investment stage as follows: before obtaining the investment registration certificate, foreign investors are allowed to transfer their money to Vietnam to pay for the legal expenditures in the pre-investment stage; after obtaining the investment registration certificate, the money transferred to Vietnam in the pre-investment stage shall be fully or partially converted into contributed charter capital.