Send Money To Vietnam

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Vietnam Flag
Vietnam
VND
1 USD equals
23212.696 VND
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Vietnam

      How To Step Icon
      Step 1
      Compare your alternatives, register
      Compare your alternatives, register
      Compare the leading money transfer companies that allow you to send money to Vietnam.
      Once you find one that best suits your needs, sign up, either as an individual or a business.
      You will need a valid proof of ID to complete the registration process.
      How To Step Icon
      Step 2
      Initiate your transfer after checking exchange rates
      Initiate your transfer after checking exchange rates
      Review historical VND exchange rates to see where the market stands now. The exchange rate you get from your service provider might depend on the transfer amount. 
      To initiate the process of sending money to Vietnam, you need to lock in and finalize the exchange rate.
      Your service provider will require the recipient's Vietnamese bank account details.
      How To Step Icon
      Step 3
      Send your payment, wait for the actual transfer
      Send your payment, wait for the actual transfer
      Choose from different payment methods depending on the company you select.
      Your service provider will send money to Vietnam once it receives your payment.
      Your provider will let you know how long the transfer process might take. Tracking transfers is usually made possible via updates and notifications.

      Currency Symbol and Swift Codes

      The Vietnamese đồng (VND) is the official currency of Vietnam. A đồng is divided into 10 hào, and one hào is further subdivided into 10 xu. However, the use of these subunits is near obsolete now. The symbol “₫” is used to represent the Vietnamese đồng.

      If you plan on sending money to a bank account in Vietnam, you will need to provide the receiving bank’s name and SWIFT code. The corresponding table lists SWIFT codes of some of the popular banks in the region.

      BANKBRANCHSWIFT CODE
      ANZ Bank (Vietnam)LimitedHanoiANZBVNVXXXX
      Asia Commercial BankHo Chi Minh CityASCBVNVXXXX
      Joint Stock Commercial Bank for Investment and Development of VietnamHanoiBIDVVNVX211
      Military Commercial Joint Stock BankHo Chi Minh CityMSCBVNVX002
      Saigon Commercial BankHo Chi Minh CitySACLVNVXXXX

       

      Case Study

      After completing college, Nguyen got an opportunity to move to Singapore for work. However, his parents decided to stay back in Vietnam. Once Nguyen got to Singapore and settled down, he decided to start sending some money to his parents.

      Nguyen had the option of using a prominent Singaporean bank to carry out the transfer, but he decided to compare its services with a popular money transfer company. The results of what he found are indicated in the corresponding table. These illustrate that saving money in respect of online money transfers to Vietnam need not be that difficult.

       BANKMONEY TRANSFER SERVICE
      Exchange rateSG$1 = VND 16,325.17SG$1 = VND 16,962.34
      Transfer feeSG$20SG$0
      Amount received for SG$1,000VND 15,998,666.60VND 16,962,340.00
      Transfer time2 to 5 days1 to 2 days
      Transfer optionsBank accountBank account
      Difference of VND 963,673.40

      Nguyen’s decision to go with the money transfer company ensured that his parents got a little extra money. In addition, the money got to them quicker than it would have through the bank.

       

      Cash Pickup Locations in Vietnam

      If you wish to send money to a cash pickup location in the country, some of the popular money transfer companies you get to choose from include MoneyGram, Western Union, WorldRemit, and Ria. Given below are addresses of locations in the country’s popular cities.

      WESTERN UNION IN VIETNAM 

      Hanoi

      Ban Viet

      02 Vo Van Dung O Cho Dua

      Dong Da District

      Ha Noi

      BIDV

      K6 Tt Tram Troi

      Huyen Hoai Duc

      Ha Noi

      Ho Chi Minh City

      Ban Viet

      35 Nguyen Son

      Tan Phu District

      Ho Chi Minh City

      BIDV

      15 Hoang Hoa Tham Phuong 6 Binh Thanh

      Quan Binh Thanh

      Ho Chi Minh City

      MONEYGRAM IN VIETNAM 

      Hanoi

      Sacombank

      147 Doc Ngu St. Ba Dinh Ward

      Ha Noi

      Vietcombank - Bureau

      CC2 Building North Linh Dam

      Ha Noi

      Ho Chi Minh City

      VIB Bank

      1st Floor Office Building 137 Le Quang Dinh Ward 14

      Binh Thanh District

      Ho Chi Minh City

      Sacombank

      2 1a-2/1e Phan Van Hon Street Ba Diem Ward

      Ho Chi Minh City

       

      Safety Tips for Picking up Cash in Vietnam

      Petty crime such as pickpocketing and bag snatching are common in busy tourist areas in and round Ho Chi Minh City and Nha Trang. Instances of armed robberies are few and far in between. Be particularly aware of your surroundings if you are travelling alone and after dark.

      When travelling in a car, keep your doors locked and windows rolled up. Do not use unlicensed taxis. Watch out for thieves when using public transportation. Take suitable precautions to safeguard your money and valuables. Do not display signs of wealth. Credit card fraud is prevalent in this country.

       

      What Information Do I Need to Send Money to Vietnam?

      The information you need to provide when sending money to Vietnam varies according to the desired transfer method.

      • Bank account. Details you will need include the recipient’s name and account number as well as the receiving bank’s name and SWIFT code.
      • Cash pickup. You will need to provide the recipient’s name and a preferred cash pickup location. The recipient will need to provide a valid form of photo ID along with a transaction number to collect the transferred money.

       

      Regulations when transferring money to and from Vietnam

      Financial institutions in Vietnam are required to report all international money transfers of U.S. $1,000 or more, or its equivalent in other currencies, to the country’s anti-money laundering authority. Any amount that a foreign national might hold in a Vietnamese bank account, on which tax has been paid, may be freely remitted overseas. An individual may also transfer funds received into a Vietnamese bank account from an overseas bank account without any restrictions.

      Convert USD to VND

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      VND
      Sending money online through specialist money transfer companies.

      Expect to receive between d2298056.89 and d2311984.51 when sending money from USD to VND at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately d2205206.11, not including additional banking fees. That is an average saving of d99814.59.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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