Send Money to Vietnam Securely

The safest and most cost-effective ways of sending money to friends and family in Vietnam.

The 2016 census showed that there are over 240,000 residents of Vietnamese ancestry living in Canada. With high rates of immigration, travel and trade between the two nations, there is a great need for affordable ways to send money between Canada and Vietnam.

By doing some research, you could be sending more of your money to Vietnam by using the right service. Today in Canada, there are many money transfer companies which only specialize in sending money overseas, meaning instead of sending the money through your bank and facing high fees, you can send more money to Vietnam.

Some of these services offer other benefits too, such as being able to send money from a physical branch location, being able to have the money available as cash for your recipient and being able to schedule regular transfers.

Whether you need to send money to friends and family back home in Vietnam, pay a mortgage on your property or help out a friend in need who is travelling through the region, there are plenty of options for affordable and speedy transfers.

Compare money transfer services below

Rates last updated July 17th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
WorldRemit International Money Transfers
CAD 0.51
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Exclusive: World First International Money Transfers
CAD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TransferWise International Money Transfers
CAD 2.50
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
XE International Money Transfers
1 day
Online, Phone, Bank Account to Bank Account
Send money in more than 60 currencies. Fee-free international money transfers with a global brand.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Banks vs money transfer companies

Case study: Matthew and Eileen sends money to Vietnam

Matthew and Eileen became grandparents three months ago when their son Ian and his wife Kim welcomed a baby girl. Two years ago, Kim inherited her parents’ export business in Hanoi. Ian agreed to relocate and build a new life in Vietnam. Matthew and Eileen love spoiling their new granddaughter and often send along money to help with buying baby accessories and clothing.

Matthew and Eileen hold a joint account at one of the biggest banks in Canada, but they’re always looking for easier and cheaper ways to get money to their son and his family.

Money transfer serviceBank
Exchange rate$1 CAD = VND 18,122.58$1 CAD = VND 15.873.02
Transfer feeCAD$15CAD$25
Amount received for $500VND17,854,728.00VND15,384,096.00
Transfer time2 days3-5 days
Transfer optionsOnline transfer onlyWire transfer to bank account
Difference ofVND2,470,632.00

As you can see, there is a difference of VND2,470,632.00 when comparing a bank to a money transfer service, which is a difference of $136 Canadian dollars. Furthermore, the transfer fees are $10 cheaper and the transfer speed is slightly faster. This is why it’s important to compare your options, since in this case it can save you almost $150, and in other cases sometimes even more.

How to compare transfer companies when sending money to Vietnam

Comparing fees and delivery speeds is important when considering money transfer options. When making a transfer, you need to consider the following factors:

  • Exchange rates. The aim is to find a service that will transfer your money at the most competitive exchange rate and charge minimal, or even zero, transfer fees. Specialist money transfer services often give customers much more competitive exchange rates than banks do.
  • Pick-up methods. Depending on the service, money can either be delivered via courier, collected in person at an agency or deposited directly into your recipient’s bank account.
  • Transfer methods. Money can often be transferred online, between bank accounts or via a direct cash deposit at the transfer service’s branch location. Choose a method that suits both you and your recipient. Keep in mind that some companies may only offer one or two of these transfer options.
  • Fees. The fees depend on the service and how you send the money. Some services charge a flat rate irrespective of the amount, while others vary the fee according to how much money you will send. Sometimes the fee is waived completely for transfers over a certain amount, however this is generally over the $10,000 mark. Some services also charge a receiving fee, which is generally deductible from your recipient’s account.
  • Turnaround time. Depending on the transfer service and method you choose, delivery time can be anywhere between just minutes to five days. Some transfers can take up to six business days or even longer depending on the method used to send the funds.
  • Minimum transfer amounts. Most transfer services start with minimum sending amounts between $1 and $10. In some cases, fees are charged for amount brackets (for example, a $10 fee for between $1 and $200, and a $15 fee for amounts between $200 and $500).
  • Customer service. While money transfer websites are usually user-friendly, it’s important that they have an effective and reputable customer service team. Besides the FAQ page, you can get the information you need by sending an email or calling them directly on their customer care line. Some companies will be available 24/7, while others may only be available a few hours a day.

How to send money to Vietnam from Canada

You can send money to Vietnam via the following ways:

  • Bank to bank. Send money between bank accounts. Some Canadian banks allow these kinds of transfers to be sent online, but you can also go into your branch and have an agent do it for you.
  • Money transfer services. While some Canadian banks offer online transfers to Vietnam, specialist money transfer services facilitate different types of transfers with much more competitive rates. You can send money online to a bank account, in person to a bank account or to be picked up as cash or delivered to your recipient depending on the service you use.
  • International money order. Instead of posting one of your personal cheques to Vietnam, you can get an internationally guaranteed cheque from your bank. Once it reaches your recipient, they can cash it in at their bank in Vietnam. Keep in mind that this is the slowest way to send money overseas.

Emergency cash transfers in Vietnam

If you’re travelling through Vietnam and lose your wallet or purse, or have it stolen, and need money sent to you in a hurry, there are a few transfer methods that guarantee quick and hassle free delivery. You can access money from:

  • Insurance coverage. Never travel without travel insurance as it can come in handy for many disasters and unexpected events. In the case of a lost or stolen purse or wallet, your insurance policy may cover you. If your money was stolen, you will likely need a police report in order to access money via your insurance provider.
  • Cash pick-ups. Ask your bank if they can send some of your money to a local Vietnamese bank. Likewise, you can have a friend or relative send you money via a cash money transfer service like MoneyGram or Western Union.
  • Credit Cards. If you booked some of your trip through your credit card, you may be able to access some emergency funds. Contact your credit card provider for details.

Western Union and MoneyGram branches in Vietnam

MoneyGram and Western Union transfer services have branches located all over Vietnam. Before choosing an agency, discuss pick-up options with your recipient and also whether or not the agency you’re considering is secure and reliable. It is also a good idea to call ahead and find out if the location has enough cash on hand.

Western Union

  • Maritime Bank Ho Guom Ly Thuong Kiet
    4 Ly Thuong Kiet P Phan Chu Trinh H Kiem Q Hoan Kiem Ha Noi
    +84 4 39336699
    Open Monday to Friday 8am to 6pm Saturday 8am to 5pm
  • HDBank PGD Ha Dong
    127 Quang Trung St. Ha Dong
    Pgd Ha Dong Ha Noi, 10000
    +84 4 33553888
    Open Monday to Saturday 8am to 5pm
Ho Chi Minh City
  • Lien Viet Bank PGD Phn Nhuan
    168 Phan Xich Long, P2, Quan P Q.phu Nhuan
    Ho Chi Minh, Ho Chi Minh
    +84 8 35174848
    Open Monday to Sunday 7am to 8pm
  • Techcombank HOCHIMINH
    9-11 Ton Duc Thang, Lim Tower
    Quan 1 HoChiMinh
    +84 8 39116868
    Open Monday to Saturday 8am to 5pm


  • VIB Bank – Ha Dong
    KM 10 Nguyen Trai Street
    Ha Dong Town Ha noi, 0
    +84 4 33544170
    Open Monday to Friday 8am to 4pm Saturday from 8am to 11am
    Hang Bong SUB Branch
    189 Hand Bong St.
    Ha Noi, 0
    +84 4 39289945
    Open Monday to Saturday 7:30am to 5pm
Ho Chi Minh City
    – #11 – Ky Hoa Transaction Of
    658 Su Van Hanh St Ward 12 Dist 10
    Ho Chi Minh City
    +84 8 38634928
    Open Monday to Saturday 7:30am to 4:30pm
  • VIETCOMBANK – Tan Phu Bureau
    30 Bo Bao Tan Thang Son Ky Tan Phu
    Ho Chi Minh City, 760211
    +84 8 62692118
    Open Monday to Friday 8am to 6pm

Tips for picking up cash in Vietnam

The Government of Canada recommends travellers exercise a high degree of caution when travelling in Vietnam. This is due to petty crime and theft targeted at foreigners.

No matter where you travel, it’s important to always be vigilant and sensible, especially when dealing with your finances. If you’re going to collect cash at a money transfer agency, try and take a local with you, whether a friend or a staff member from your hotel. Be sure to get there during daylight office hours so you don’t have to wait around by yourself until they open. Even if you’re having a difficult time with the person at the counter, stay calm and be polite: the Vietnamese don’t respond well to bad tempers and you won’t get any results by losing your cool.

How to send money to Vietnam

You can send money to Vietnam via a bank or through a specialist money transfer service. Depending on the service you choose, you’ll likely need to provide the following information:

  • Your identification (passport, etc.)
  • Your email address
  • The recipient’s name, address and bank account details
  • The amount you’d like to send

The bank or money transfer service will send you a confirmation email or give you a receipt if you’ve made the transfer in person.

Thanks to a variety of money transfer agencies facilitating international transfers to Vietnam, you have several options at your disposal. Taking time to compare fees and delivery speeds will help you decide on the best and most cost-effective method to suit your needs.

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