Can I exchange Vietnamese dong at China Bank? How come?

As long as banks in China have foreign exchange business, they can exchange foreign currency at the corresponding banks in China. If the exchange value is less than $50,000, it can be handled directly with the ID card.

According to Article 2 of the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange, the annual total amount management is implemented for individual foreign exchange settlement and domestic individual foreign exchange purchase. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

The settlement and purchase of foreign exchange within the individual's annual total amount shall be handled at the bank with his valid identity certificate; If it exceeds the annual total, it shall be handled in accordance with Articles 10, 11 and 12 of these Rules under the current account, and in accordance with the relevant provisions of "Personal Foreign Exchange Management in Capital Account" of these Rules under the capital account.

Extended data:

Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange Article 10 If the non-operating foreign exchange settlement of domestic individuals under current account exceeds the annual total, they shall go to the bank with their valid identity documents and the following supporting materials:

(1) Donation: notarized donation agreement or contract. Donations must comply with state regulations;

(2) Family support: proof of immediate family members or notarized proof of support relationship, and relevant income certificates of overseas payers, such as bank deposit certificate and personal income tax payment certificate;

(3) Income from inheritance: inherited legal documents or notarial certificates;

(4) Insurance foreign exchange income: insurance contracts and payment vouchers of insurance institutions. Foreign exchange insurance must comply with state regulations;

(5) Income from exclusive rights use and franchise: payment voucher, agreement or contract;

(6) Income from legal, accounting, consulting and public relations services: payment certificate, agreement or contract;

(7) Employee remuneration: employment contract and income certificate;

(8) Income from overseas investment: foreign exchange registration certificate for overseas investment, profit distribution resolution or dividend payment or other income certificates; ?

(9) Others: relevant certificates and payment vouchers.

Upon receipt of this notice, all branches and foreign exchange administrations of the State Administration of Foreign Exchange shall immediately forward it to the branches, city commercial banks, rural commercial banks and foreign-funded banks within their jurisdiction.

Complete the business operation training for branches and banks within its jurisdiction as soon as possible, and announce the policy answering hotline; All Chinese-funded designated foreign exchange banks shall forward them to their branches as soon as possible. If there is any problem in the implementation, please give feedback to the State Administration of Foreign Exchange in time.

References:

Baidu Encyclopedia-Detailed Rules for the Implementation of Measures for the Administration of Personal Foreign Exchange