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How to send money to Vietnam

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

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Whether you are helping out family in Hanoi or investing in a start-up in Ho Chi Minh City, when you are ready to send money to Vietnam you don’t want to be slowed down by an expensive and complicated process. Sending money to Vietnam can be easy and affordable if you shop around for the best deal from a variety of transfer service providers.

Compare money transfer services to Vietnam

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day HKD 0.00 2989.004 VND
29,890,044
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees Go to site Show details
USD 10 1 - 2 days HKD 300.00 3000.403 VND
29,103,909
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
USD 1 Within an hour HKD 20.00 2988.404 VND
29,824,275
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
USD 50 1 day HKD 35.00 3000.403 VND
29,899,015
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
SGD 1 1 day HKD 60.00 3000.403 VND
29,824,005
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 Transfer money to over 30 countries with nominal fees and the mid-market exchange rate.
Go to site Show details
USD 100 1 day HKD 15.00 2955.4 VND
29,509,668
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 Send money in 45 currencies.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 2955.4 VND
29,553,999
可匯款至20+個國家,無手續費。 Transfer money to 20+ countries with no transaction fees. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Sending money to Vietnam

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Vietnam. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

Banks versus money transfer companies

We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major Hong Kong banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

Another option you should explore is to send money to Vietnam with a money transfer company. These providers, such as OFX and SingX, specialize in handling overseas money transfers, combining competitive exchange rates and lower fee structures. Some providers will waive the fee altogether if you transfer more than a set amount, making it more affordable to send funds overseas.

Case Study: Henry Sends Money to Vietnam

Henry needs to send $10,000 to his parents in Hanoi, Vietnam, but when he asks his bank to send the funds he is disappointed by the exchange rate it offers. He decides to compare the services of two money transfer providers. The details of his comparison are shown in the table below.

Money transfer company 1Money transfer company 2
Exchange rate1.00 HKD = 3,021.3267 VND1.00 HKD = 3,033.31 VND
Transfer fee60.00 HKD107.35 HKD
Transfer methodBank account depositBank account deposit
Processing time1 business day1 hour
Amount received 30,213,267.00 VND30,007,474.00 VND

As you can see, Henry’s parents will receive 205,793 VND (about 68.59 HKD) more if he sends his funds with the first transfer company. Though the second company’s delivery time takes only 1 hour.

How to compare transfer companies when transferring money to Vietnam

  • Exchange rates. The higher the exchange rate you can get, the more money will make it into your recipient’s pocket. Just be aware that some companies that offer high exchange rates also charge high transfer fees.
  • Fees. You’ll need to fork over cash in order to get your funds transferred, but some companies will let you avoid a transfer fee if you send a large amount.
  • Transfer methods. Online, over the phone, at a branch and through a mobile app are some of the transfer methods available from different companies.
  • Transfer options. While some companies only offer one-time transfers, others will allow you to set up recurring payments and make forward contracts, which allow you to lock in an ideal exchange rate now and transfer the money later.
  • Turnaround time. Processing times can be as quick as a few minutes or as long as several business days, so this may be important if you want your funds to arrive as soon as possible.
  • Minimum amount. Check the fine print provided by each provider to see if they set a minimum transfer limit. A high minimum limit can restrict your options if you just need to transfer a small sum.
  • Pickup methods. Services range from bank account deposits to cash pickup and even home delivery.
  • Customer service. Will assistance be easily accessible if you require help with a transaction?
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Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. Like, most countries, Vietnam’s exchange rate is flexible, which means it can change from moment to moment based on factors such as interest rates, economic stability and inflation.

How to send money to Vietnam from Hong Kong

  • Bank transfers. Approach your bank for details on how to send a secure wire transfer to a bank account in Vietnam.
  • Online money transfer providers. Online transfer companies offer a cheap, convenient and safe way to send funds to Vietnamese bank accounts.
  • Money transfer companies with cash pickup options. Companies like Western Union allow your recipient to collect the cash you send from agents across Vietnam.
  • PayPal. PayPal offers a simple and convenient online money transfer solution.
  • Checks. You may also wish to obtain an international check from your bank to send overseas.
  1. Choose one of the numerous transfer providers who send money to Vietnam.
  2. Register with your provider on their website supplying your name, address, contact information and date of birth. A valid photo ID like HKID will also be required.
  3. Provide your recipient’s name, address and contact details. Depending on the transfer method you may also have to supply their bank account information.
  4. Enter the amount you want to transfer, complete your transaction and save your tracking or receipt number to follow up on the progress of your transfer.
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Emergency cash transfers in Vietnam

Urgent transfers typically attract poor exchange rates and higher fees than normal transfers, so make sure you’re fully aware of how much the transfer will cost you before you send it. Not only will it mean more money makes it to your recipient, but you can also increase your cost savings.

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Tips for picking up cash in Vietnam

If you need to pick up a cash transfer from an agent in Vietnam, take note of these simple safety tips.

  • Take a friend along for protection.
  • Don’t advertise your money to strangers.
  • Be aware of your personal security at all times.
  • Deposit the money into your bank account as soon as possible.
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Cash pickup locations in Vietnam

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