How to Safely Send Money to Vietnam in 5 Easy Steps

Last updated on June 27th, 2024 at 03:26 pm

According to the International Labour Organization, over 560,000 Vietnamese work and live abroad in over 43 countries and territories. Data shows that Vietnamese living abroad sent US$17.2 billion worth of remittances in 2020, making Vietnam one of the top remittance recipients in the world.

If you’re looking for a way to send money to Vietnam safely, you have several options. Wire transfers are a common option. However, the transfer fees can be high, chewing into your hard-earned money. Remitly is changing that.

Remitly is an online money transfer service that allows you to easily and safely transfer your British pounds (GBP), U.S. dollars (USD), and Euros (EUR) into Vietnamese đồng (VND) to Vietnam. Say goodbye to hidden fees and hello to a pricing structure that is transparent and secure.

Here are the FAQs and how you can safely and successfully send money transfers to Vietnam.

Safely Send Money to Vietnam - a person counting money

Why Should I Use Remitly To Send Money to Vietnam?

Sending money to Vietnam could be overwhelming, but with Remitly, it’s easy. We offer low fees, competitive exchange rates for VND, bank-level security, and quick delivery.

At Remitly, we also have a simple pricing structure. This pricing model brings you peace of mind because you don’t need to worry about wasted funds.

Send Money to Vietnam in 5 Easy Steps

Sending money to Vietnam is as easy as the following five steps.

  1. As a first-time user, download the Remitly app, create an account, and set Vietnam as your destination country.
  2. Enter the transfer amount you would like to send.
  3. Choose a preferred delivery method and location: bank deposit, cash pickup, mobile money, or via home delivery.
  4. Enter all required recipient information, including their phone number and bank details. This process will differ for mobile wallets and bank accounts when sending money to Vietnam.
  5. Add your payment details, such as your credit card or debit card info.

And you’re all set to transfer funds! Additional documentation may be required depending on the amount sent or if you need to verify your identity. You can easily get started here.

With Remitly, Which Banks/Providers Can I Send To?

As of this writing, you can use Remitly to send money to these banks and providers in Vietnam.

  • Vietcombank
  • Techcombank
  • Sacombank
  • Agribank
  • Vietinbank
  • BIDV
  • Shinhan Bank
  • ACB
  • BAC A Bank
  • Baoviet
  • Citi
  • DongA Bank
  • EXIM Bank
  • GPBank
  • HDBank

These are just some places in Vietnam where you can send money with Remitly. For the complete list, check the app or the website.

How Much Money Can I Send to Vietnam with Remitly?

Remitly is working hard to provide customer service and follow security and international regulations. So, when you first open an account, you will have a sending limit.

If you need to send more than that, Remitly will ask for more information. Additional sending limits may apply depending upon your choice of payout partner or receiving location.

Safely Send Money to Vietnam in 5 Easy Steps - river

How Much Does it Cost to Send Money to Vietnam with Remitly?

To get the most up-to-date pricing on money transfers to Vietnam, including the latest exchange rates, please check the Remitly website or app. The below fees are as of this writing when your recipient receives in VND.

Is it Safe to Send Money to Vietnam with Remitly?

Remitly ensures your information and your money are safe. Our commitment to security is one of the reasons millions of people use Remitly to send money home.

  • Remitly is licensed to do business in the 17 sending countries and more than 100 receiving countries that we serve. Our licensors have high standards and require us to follow strict security and customer protection guidelines.
  • Remitly uses multiple levels of security so you can send money home with peace of mind. Your personal data is protected 24 hours a day through fraud monitoring and encryption.
  • All accounts are verified with proper documentation;
  • Remitly is dedicated to protecting your money and personal data; and
  • You can track your transfer every step of the way.

Read more about how Remitly keeps you safe.

Safely Send Money to Vietnam in 5 Easy Steps - street view

More About Vietnam

As of 2020, approximately 97.34 million people call Vietnam home. This beautiful country is known for its beaches, bustling cities, stunning pagodas, fantastic food, and unique culture.

The Vietnamese đồng was first introduced in 1946, replacing the French Indochinese piastre. By 1978, the State Bank of Vietnam issued notes in denominations of 5 hao, 1 dong, 5 đồng, 10 đồng, 20 đồng, and 50 đồng notes. Since then, various denominations entered circulation, made with cotton and a plastic polymer more recently.

Vietnam has a long history. Many people think of the Vietnam War, which lasted from 1955 to 1975. This led to one of the most dramatic evacuations undertaken by the United States government, with 125,000 Vietnamese refugees arriving in 1975.

Today, the United States is the most popular place for Vietnamese living abroad, followed by Japan, China, Australia, and Canada. In 2019, nearly 1.4 million Vietnamese immigrants were living in the United States, compared to 336,000 in Japan. Of those living in the U.S., 52% live in Texas or California. Compared to other immigrant groups, Vietnamese are more likely to have higher incomes.