How to send money to Vietnam

Information verified correct on May 25th, 2017

Find the best exchange rates and the lowest fees when you send an international money transfer to Vietnam.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Vietnam doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Vietnamese dongs for your dollar.

If you need to send money to Vietnam from the United States, you have plenty of options to choose from. All you have to do is shop around for a safe, secure and affordable transfer method.

WorldRemit International Money Transfers

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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
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    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 22634.82 Online VND 113,174,100 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 4.99 22528.191 Online, Bank Account to Bank Account, Cash Transfer VND 112,528,539 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 1.50 22684.731 Online VND 113,389,629 Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 22596.252 Online, Bank Account to Bank Account VND 112,981,260 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    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?
    Back to top
    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 December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    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.

    Best USD > VND exchange ratesBack to top

    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.
    Find a money transfer location near youBack to top

    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.
    Back to top

    How to send money to Vietnam

    Depending on the money transfer provider you choose, you may need to register for an account before you can send your funds overseas. This will usually mean having to provide:

    • Your name
    • Your email address and phone number
    • Your address
    • Photo ID (for example, a driver’s license)

    Most companies will give you a transaction reference number or receipt, which you can use to monitor the progress of your funds as they make their way to your recipient.

    Cash pickup locations in Vietnam

    Worldremit

    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

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

    INTERNATIONAL BANK – VIB DISTRICT 3
    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

    Moneygram

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

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

    EXIMBANK – AN LAC SUB-BRANCH
    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

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

    BIDV BINH THANH
    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

    BIDV CAT LAI SAI GON
    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

    Worldremit

    SACOMBANK@ HA NOI BRANCH
    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

    DONG A BANK HA DONG
    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

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

    Moneygram

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

    VIETCOMBANK – BUREAU NO 14
    Address: Block CN 2 Dinh Cong New Urban Zone Ha Noi
    Hours: 7:30 AM – 5:00 PM
    Phone: +84-4-4640 2703

    VIB BANK
    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

    BAN VIET BANK PGD DONG DA
    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

    DNTN VB THANG THAM
    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

    VP BANK TAY HA NOI
    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

    Worldremit

    SACOMBANK Cần Thơ
    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

    SACOMBANK PGD Ninh Kiều
    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

    Moneygram

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

    SAIGONBANK – #04 – CAN THO BRANCH
    Address: 11 Lytu Trong St An Phu Ward Can Tho
    Hours: 7:30 AM – 4:30 PM
    Phone: +84-710-3826987

    SACOMBANK
    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

    ABBANK PGD OMON
    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

    BIDV TAY DO PGD O MON
    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

    CTY TNHH MTV PHUC NGUYEN
    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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