How can Vietnamese transfer USD abroad to pay for house purchases?

CVD

Last update 16:00 | 02/08/2017
VietNamNet Bridge – Experts believe that no less than $8-9 billion flows out of Vietnam every year through different channels, despite Vietnam’s tight forex policy.
vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, NAR, real estate market, MOC

A report from NAR (National Association of Realtors) showed that in the last fiscal year, from April 2016 to March 2017, foreigners spent $153 billion to buy 284,455 real estate products in the US.

Of this amount, $3.06 billion, or 2 percent, was spent by Vietnamese. Since 2007, Vietnamese have been among the biggest realty buyers in the country, accounting for 1 percent, except in 2009 and 2012.

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