Should I send USD or VND to my recipient in Vietnam?

If your recipient has a USD-capable account (most Vietnamese banks offer one), sending USD avoids the FX conversion entirely. Otherwise sending in VND lets the provider lock in the rate so the recipient knows exactly what they'll receive.

How long does USD to VND take?

Wise, Remitly and Western Union typically deliver to Vietnamese banks within hours. MoMo wallet delivery is usually within minutes once enabled. Bank wires from US banks can take 2–4 business days.

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Sending to

Send money to Vietnam

Best rates & providers for VND transfers

$14.0 billion (2023) — top 10 remittance recipient globally

Delivery methods in Vietnam

Bank Account Deposit

Direct credit to Vietcombank, BIDV, Vietinbank, Techcombank, MBBank and 30+ other banks. Same business day for major banks.

Mobile / MoMo / ZaloPay

MoMo dominates Vietnam's e-wallet market with 30+ million users. Some MTOs support direct MoMo delivery.

Cash Pickup

Western Union, MoneyGram and Sacombank Money Transfer have agent networks across all 63 provinces.

Top corridors to Vietnam

USD → VND (from USA)AUD → VND (from Australia)EUR → VND (from Europe)

Best providers for sending to Vietnam

Wise

Mid-market rate with a transparent percentage...

Remitly

Cash pickup, mobile wallet, and bank deposit ...

Xoom

PayPal-owned remittance service with deep cas...

Western Union

The largest cash pickup network in the world ...

Regulations & Rules

State Bank of Vietnam oversight

All inbound remittances are regulated by the State Bank of Vietnam (SBV). Recipients can choose to keep funds in VND, USD or another foreign currency in dual-currency accounts.

Free for personal remittance

Personal remittances received by Vietnamese residents are exempt from personal income tax. Business-related transfers must follow separate foreign-direct-investment reporting.

USD account flexibility

Vietnamese residents can hold USD accounts and receive remittances in USD without forced conversion. This is unusual among emerging-market currencies and useful for senders who don't want exchange-rate exposure.