Send Money to Vietnam with a Great Rate

Information verified correct on December 7th, 2016

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

There are more than 1.7 million Americans with Vietnamese ancestry, with more than 50% of Vietnamese Americans living in either California or Texas.

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.

Rates last updated December 7th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
USForex International Money Transfers
USForex International Money Transfers
Take advantage of competitive exchange rates and cheap transfer fees. USD 150 1 day Online, Phone, Agent, Bank Account to Bank Account, International Money Order Go to site More

Banks versus money transfer companies

You already have a bank account set up so using your bank might a convenient way to get your money to where it needs to be. While most major banks handle international money transfers, they’ll generally offer a poor exchange rate for your transaction. When coupled with high transfer fees (often $40 or $50 per transaction), banks may not be your best option for moving funds overseas.

Another option you should explore is to send money to Vietnam with a specialist money transfer company. These providers, such as USForex and Xoom,  specialise in handling overseas money transfers, combining competitive exchange rates and lower fee structures. Some providers will waive fees 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 specialist money transfer providers. The details of his comparison are shown in the table below.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 21315.9209 VND1 USD = 21,980 VND
Transfer fee$5$3
Transfer methodBank account depositBank account deposit
Processing time4 business days4 business days
Amount received (in VND)21,315,920.9021,980,000 VND

As you can see, Henry’s parents will receive 664 079.10 VND 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 out 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, in-branch and through a mobile app are some of the transfer methods available from different companies.
  • Transfer options. While some companies only offer one-off spot transfers, others will allow you to set up recurring payments, place forward contracts and much more.
  • 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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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.
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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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Cash pickup locations in Vietnam / Western Union / MoneyGram / Ria branches in Vietnam

Western Union, MoneyGram and Ria operate extensive transfer networks across Vietnam, allowing your recipient to visit a branch in person and collect the cash you send. They’ll need to provide proof of ID and also a transaction reference number before they can access the funds, while they may also need to phone ahead to confirm opening hours and also check to see whether the agent will have enough cash on hand to complete the transaction.

Western Union – Hanoi

Ho Chi Minh CityACB PGD Dong Anh

25 Cao Lo, Uy Lo, Dong Anh, Ha

H.dong Anh

Ha Noi, Ha Noi 10

+84-4-39656030

Open 7:30am to 7pm Monday to Friday, 7:30am to 5pm Saturday

ACB PGD Hoang Cau

2 Vo Van Dung, O Cho Dua, Dong

Q.dong Da

Ha Noi, Ha Noi 10

+84-4-35379736

Open 7:30am to 7pm Monday to Friday, 7:30am to 5pm Saturday

ACB ABMT

331 Le Dai Hanh St, W13 D11

Wu Csc Of Acb

Ho Chi Minh, Ho Chi Minh

+84-8-38356605

Open 24/7

ACB PGD Le Van Quoi

31 Le Van Quoi,kp3,binh Tri Dong,binh

Tan Q.binh Tan, Cn Le Van Quoi

Ho Chi Minh, Ho Chi Minh 70

+84-8-39610330

Open 7:30am to 7pm Monday to Friday, 7:30am to 5pm Saturday

MoneyGram – Hanoi


Ho Chi Minh City
SaigonBank

178 Ngo Gia Tu St Duc Giang Ward, Long Bien Dist

Ha Noi,

436520481

Open 7:30am to 4:30pm Monday to Saturday

Vietcombank

37 Hung Vuong Ba Dinh

Ha Noi, 0

84047343710

Open 7:30am to 5pm Monday to Friday

Donga Bank

260 Quang Trung Ward 10 Go Vap District

HoChi Minh City, 0

84839895055

Open 7:30am to 5pm Monday to Friday, 7:30am to 11am Saturday

SaigonBank

144 Chau Van Liem St Dist 5

Ho Chi Minh City,

88553661

Open 7:30am to 4:30pm Monday to Saturday

Ria – Hanoi

Ho Chi Minh CityVietnam International Bank (VIB Hai Ba Trung)

59 Quang Trung Street, Nguyen Du Ward

Hanoi HN

Open 9am to 8pm Monday to Sunday

Vietnam International Bank (VIB Hang Bong)

169-171 Hang Bong Sreet,

Hanoi HN

Open 9am to 8pm Monday to Sunday

Vietnam International Bank (VIB PGD Hung Vuong)

468 Hong Bang Street, Ward 16 district 11

Ho Chi Minh City SG

Open 9am to 8pm Monday to Sunday

Vietnam International Bank (VIB PGD Quang Trung)

37 Quang Trung Street, Ward 3,

Ho Chi Minh City SG

Open 9am to 8pm Monday to Sunday

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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 wealth 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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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 you’ll have 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.

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