How to send money to Vietnam

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.
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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    1 day USD 0.00 22627.128 Online, Phone, Bank Account to Bank Account VND 113,135,640 Exclusive exchange rate discounts
    No-maximum limit transfers with competitive exchange rates for 100+ currencies.
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    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 U.S. 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 Xoom, 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 $1,000 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 rate$1 USD = $21,315.9209 VND$1 USD = $21,980 VND
    Transfer fee$5$3
    Transfer methodBank account depositBank account deposit
    Processing time4 business days4 business days
    Amount received (in VND)$21,315,920.90$21,980,000 VND

    As you can see, Henry’s parents will receive $664,079.10 dongs more if he sends his funds with the second transfer company.

    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. For example, in October 2017, the U.S dollar was worth approximately 22,724 Vietnamese dong. 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.
    Currency exchange rate for Vietnam

    How to send money to Vietnam from America

    • 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 Vietban
    2. Register with your provider on their website supplying your name, address, contact information and date of birth. A valid photo ID 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


    SACOMBANK – Tran Dai Nghia Transaction office
    Address: 16 Trần Đại Nghĩa, Binh Tan District (Quan Binh Tan), Binh Tan District, Ho Chi Minh City, Vietnam
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-8-3756 2839

    Address: 130 Phan Đăng Lưu, 3, Phú Nhuận, Hồ Chí Minh, Vietnam
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-8-3995 1483

    Address: 361 Hai Bà Trưng, Phường 8, Quận 3, Hồ Chí Minh, Vietnam
    Hours: 8:00 AM – 5:00 PM
    Phone: +84-8-3820 9643


    Address: 234 Nguyen Trai St. Ward 3 Dist. 5 Ho Chi Minh City
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-8-8380719

    Address: 9 Chau Van Liem Ward 14 District 5 Ho Chi Minh City
    Hours: 8:00 AM – 4:00 PM
    Phone: +84-8-9520767

    Address: 476-478 Kinh Duong Vuong St Binh Tan Dist Ho Chi Minh City, 70000
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-8-7527991

    Western Union

    Address: 35 Nguyen Son Tan Phu Distric Ho Chi Minh, Ho Chi Minh
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-8-39761139

    Address: 15 Hoang Hoa Tham Phuong 6 Binh Thanh Quan Binh Thanh Ho Chi Minh, Ho Chi Minh 84
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-8-73033136

    Address: 97 99 Do Xuan Hop Phuoc Long B Quan 9 Ho Chi Minh, Ho Chi Minh 84
    Hours: 7:30 AM – 4:30 PM
    Phone: +84-8-37282916


    Address: 65, Phố Ngô Thì Nhậm, Quận Hai Bà Trưng, Hà Nội, Vietnam
    Hours: 8:00 AM – 5:00 PM
    Phone: +84-4-3943 7372

    Address: 643 Quang Trung, Phú La, Hà Đông Phú La Hà Đông Hà Nội, Vietnam
    Hours: 8:00 AM – 5:00 PM
    Phone: +84-4-3355 0962

    Address: 18 Nguyễn Ngọc Nại, Khương Mai, Thanh Xuân, Hà Nội, Vietnam
    Hours: 8:00 AM – 5:30 PM
    Phone: +84-4-3767 8976


    Address: 21 Hoang Cau St. Dong Da Dist. Ha Noi
    Hours: 7:30 AM – 4:30 PM
    Phone: +84-4-3537 5964

    Address: Block CN 2 Dinh Cong New Urban Zone Ha Noi
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-4-4640 2703

    Address: 1st Floor 381 Doi Can Cong Vi Ward Ba Dinh District Ha Noi
    Hours: 8:00 AM – 4:00 PM
    Phone: +84-4-32733583

    Western Union

    Address: 02 Vo Van Dung O Cho Dua Dong Da Distric Ha Noi, Ha Noi
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-4-35738203

    Address: Khu Phu Lien Quan, Thi Tran Th Huyen Thach That Ha Noi, Ha Noi 10
    Hours: 6:00 AM – 9:00 PM
    Phone: +84-4-33683601

    Address: Tang 1 Toa Nha Tay Ha, Duong T P.trung Van, Q.nam Tu Liem Ha Noi, Ha Noi
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-4-6291051


    Address: 95-97-99, Đường Võ Văn Tần, Phường Tân An, Quận Ninh Kiều, Cần Thơ, Vietnam
    Hours: 9:00AM – 5:00 PM
    Phone: +84-710-1503703

    Address: 168C, Ba Tháng Hai, Hưng Lợi, Ninh Kiều, Cần Thơ, Vietnam
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-710-3740611

    Ngân Hàng Sài Gòn Thương Tín (SACOMBANK) – Pgd Cái Khế
    Address: 81 Trần Văn Khéo, Cái Khế, Ninh Kiều, Cần Thơ, Vietnam
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-710-3761 687


    Address: Tra Noc Industrial Zone Can Tho
    Hours: 7:00 AM – 5:00 PM
    Phone: +84-710-71841229

    Address: 11 Lytu Trong St An Phu Ward Can Tho
    Hours: 7:30 AM – 4:30 PM
    Phone: +84-710-3826987

    Address: 415-418 1A Highway Yen Ha Zone Le Binh Ward Cai Rang Dist. Can Tho
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-710-3527537

    Western Union

    Address: 103 Ql91 Kv4 P Chau Van Liem Q Omo O Mon Can Tho, Can Tho
    Hours: 7:00 AM – 5:30 PM
    Phone: +84-710-3664790

    Address: Kv11 Ql91 P Chau Van Liem Q O Mon Tp Can Tho Can Tho, Can Tho
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-710-3860552

    Address: 101 B Kv Thoi Xuong Ii Thoi Lo Phuc Nguyen Can Tho, Can Tho 92
    Hours: 6:00 AM – 9:00 PM
    Phone: +84-710-3863145

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