Send money to Vietnam

Save time and money when sending money to Vietnam from New Zealand.

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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.

TransferWise International Money Transfers

Send your money with TransferWise

TransferWise gives you the real exchange rate when you send money overseas.

  • Same or next-day delivery
  • Transparent fees
  • Easy to use
  • Secure and regulated by the DIA

    Compare money transfer services to Vietnam

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    NZD 1 1 - 2 days NZD 70.00 14816.361 VND
    73,044,660
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    AUD 250 1 - 2 days NZD 15.00 14668.212 VND
    73,121,038
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
    NZD 1 Within an hour NZD 3.99 14757.11 VND
    73,726,671
    An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details

    Compare up to 4 providers


    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.

    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 most New Zealand 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 World First and OFX, specialise 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.

    Example: Henry sends money to Vietnam

    Henry needs to send $1,000 to his parents in Hanoi, 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 NZD = VND 15,318$1 NZD = VND 15,951
    Transfer fee$5$3
    Transfer methodBank account depositBank account deposit
    Processing time4 business days4 business days
    Amount received (in VND)15,317,995 VND15,950,997 VND

    As you can see, Henry’s parents will receive VND 663,002 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.
    • Pick-up methods. Services range from bank account deposits to cash pick-up 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 November 2018, one New Zealand dollar was worth approximately 15,890 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.
    New Zealand–Vietnam currency exchange rate

    How to send money to Vietnam from New Zealand

    • 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 pick-up 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.
    • Cheque. You may also wish to obtain an international cheque from your bank to send overseas.

    How to send money to Vietnam

    1. Choose one of the 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 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 pick-up locations in Vietnam

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