According to Official Dispatch No. 4480/TCT-CS dated October 10, 2023 of the General Department of Taxation, the transfer of profits abroad by foreign investors is regulated as follows:

Foreign investors are allowed to transfer profits abroad at the end of the fiscal year, or when direct investment activities in Vietnam ended, after the enterprise in which the foreign investor participates in investment has fulfilled its financial obligations to the State of Vietnam according to the provisions of law, has submitted audited financial statements and corporate income tax finalization declaration to the direct tax authority, at the same time, fulfill all obligations according to the provisions of the Law on Tax Administration and its guiding documents. 

Confirmation of fulfillment of tax obligations is carried out in accordance with the provisions of Article 70 of Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance.