Tax Issues If Deposit VND Cash Into A VN Citizens Bank Acct?

I want to deposit VND to the account of a Vietnam citizen, but I'm wondering whether a large(-ish) cash amount will result in the account holder being subjected to any sort of tax, and/or scrutiny. Any member with experience in such matters?
I'm not comfortable leaving it in the bedside table.
(left side of the bottom drawer, beneath the passports/paperwork😉) - @Aidan in HCMC

Banks can refuse a third party deposit by a foreigner. It's happened to me before.

Probably the best solution is to give the cash to a different Vietnamese person you trust and let them do a bank transfer...

I want to deposit VND to the account of a Vietnam citizen, but I'm wondering whether a large(-ish) cash amount will result in the account holder being subjected to any sort of tax, and/or scrutiny. Any member with experience in such matters?
I'm not comfortable leaving it in the bedside table.
(left side of the bottom drawer, beneath the passports/paperwork😉) - @Aidan in HCMC

Banks can refuse a third party deposit by a foreigner. It's happened to me before.
Probably the best solution is to give the cash to a different Vietnamese person you trust and let them do a bank transfer... - @OceanBeach92107

Understood, and thanks. I had an issue depositing a measly 3.5 million a couple of years back into the account of a guy in Hanoi. He was selling some motorcycle parts from there, and I was in Saigon. The bank did let me make the deposit, but not before going through two visits and a bit of bother (presenting passport, TRC).

The account I want to put the money in is that of my GF, so easy enough to accompany her to the bank to make the deposit. Any idea whether a deposit would result in any issues for her? I'd prefer not to have the General Department of Taxation (GDT) (akin to the IRS for Americans or Revenue Canada for Canadians) become involved, for obvious reasons.

I want to deposit VND to the account of a Vietnam citizen, but I'm wondering whether a large(-ish) cash amount will result in the account holder being subjected to any sort of tax, and/or scrutiny. Any member with experience in such matters?
I'm not comfortable leaving it in the bedside table.
(left side of the bottom drawer, beneath the passports/paperwork😉) - @Aidan in HCMCBanks can refuse a third party deposit by a foreigner. It's happened to me before.
Probably the best solution is to give the cash to a different Vietnamese person you trust and let them do a bank transfer... - @OceanBeach92107
Understood, and thanks. I had an issue depositing a measly 3.5 million a couple of years back into the account of a guy in Hanoi. He was selling some motorcycle parts from there, and I was in Saigon. The bank did let me make the deposit, but not before going through two visits and a bit of bother (presenting passport, TRC).
The account I want to put the money in is that of my GF, so easy enough to accompany her to the bank to make the deposit. Any idea whether a deposit would result in any issues for her? I'd prefer not to have the General Department of Taxation (GDT) (akin to the IRS for Americans or Revenue Canada for Canadians) become involved, for obvious reasons. - @Aidan in HCMC

I don't think it causes problems yet, although changes anticipated in the banking and taxation system are probably going to change that sometime in the future.

I give my wife a very significant amount of money every month after I withdraw it from an ATM.

She takes it to Agribank and deposits it without any problem, apparently. I have asked her numerous times if that will cause her a tax problem, and she says, "No".

Once I have some of the cash in my own account (she transfers it to me) I sometimes need to transfer some money back to her. Never a problem for either one of us.

Apparently they asked her the first time she brought in a thick envelope full of cash, "Where did you get this money?", and she told them "My husband gave it to me". The way she described that encounter made it sound as if the question was born of curiosity and not any official inquiry.

They've never asked her again and we've been doing it at least monthly for over 3 years now.

Hope that's helpful 🙏

@OceanBeach92107

That's good to know, OB. Thank you.

We'll find out today how the bank reacts.

@Aidan in HCMC

Hi

I put about 50,000,000 into the wife's account each month via Wise from an Aussie.   Never a problem.  Need to put an even larger deposit at some stage so also curious to hear other experiences. 

My wife says the gov not fussy as long as the money is coming into VN.  Going out is a different story.

Made the deposit about an hour ago.

The teller looked a little surprised when presented with the five 100-note stacks of 500,000VND bills, neatly bank-banded. As this was at Vietcombank's large office in Duong Dong, I don't think it was the amount which surprised her. More likely it was the bands around the bills. They looked freshly minted.

As she opened the band on each stack and ran it through the note-counting machine, I saw her glancing at me a couple of times, but no questions asked.

The only thing which was different from other smaller deposits we've made was that the receipt given did not include the accounts current (updated) balance. When GF asked why, she was told that "larger" deposits needed supervisor verification. Not sure what constitutes "larger", as I forgot to have my GF ask.

By the time we got home ~30 minutes later, GF confirmed on her phone that the account had been updated.

Only thing on my mind now is whether the taxman will soon be asking for a cut.

@Aidan in HCMC
Hi

I put about 50,000,000 into the wife's account each month via Wise from an Aussie. Never a problem. Need to put an even larger deposit at some stage so also curious to hear other experiences.

My wife says the gov not fussy as long as the money is coming into VN. Going out is a different story. - @KKK36

Very good to hear no issue with your monthly transfers.

My concern was that the money was already in Vietnam, and thus might attract the interest of VN tax authority. Fingers crossed it doesn't.