Send money from South Korea to Vietnam(KRW → VND)

SentBe and Wise are consistently the cheapest options for KRW to VND transfers. SentBe, built for the Korean remittance market, charges around 0.5–1% with competitive exchange rates. Wise uses the real mid-market exchange rate with a transparent fee of 0.6–1.2%. Hanpass is another strong option, particularly popular among Vietnamese workers for its Vietnamese-language app and customer support. For a ₩1,000,000 transfer, using a digital provider instead of a Korean bank saves VND 300,000–800,000 in total cost. Western Union and MoneyGram offer wide cash pickup networks in Vietnam but charge more in exchange rate markup.

Bank deposits to Vietnamese accounts via SentBe, Hanpass, or Wise arrive within 1–2 business days. Cash pickup through Western Union and MoneyGram is available within minutes at agent locations across Vietnam, including Ho Chi Minh City, Hanoi, Da Nang, and rural provinces. MoMo wallet delivery is near-instant where supported. Korean bank SWIFT transfers take 3–5 business days with potential correspondent bank delays and deductions. Vietnamese banks operate Monday to Saturday (half-day Saturday), so weekend timing affects bank deposit speed. Funding from a Korean bank account clears same-day if initiated before the cutoff time.

Yes, all major digital providers support bank deposit delivery to Vietnamese accounts. You will need the recipient's full name (matching their bank records), bank name, and account number. Major receiving banks include Vietcombank (Vietnam's largest bank by assets), BIDV, Agribank, Techcombank, VPBank, and ACB. SentBe, Hanpass, and Wise all support direct deposits to these banks. The Vietnamese banking system uses a domestic account numbering system — there is no IBAN format. Some providers may also ask for the branch name or branch code. First-time transfers may require additional verification on both the sending and receiving sides.

Hanpass is a South Korean fintech company specializing in remittances from Korea to Southeast Asian countries, with Vietnam being one of its strongest corridors. Founded in Seoul, Hanpass is regulated by Korea's Financial Services Commission (FSC) and has built payment partnerships with Vietnamese banks. The app is available in Korean, Vietnamese, and English, making it particularly accessible for Vietnamese workers in Korea. Hanpass offers competitive exchange rates with fees typically around 0.5–1%, and supports delivery to Vietnamese bank accounts and partner cash pickup locations. Hanpass has been endorsed by the Korean government as part of financial inclusion initiatives for migrant workers and has processed hundreds of thousands of Vietnam-bound transfers.

Korean regulations under the Foreign Exchange Transactions Act allow individuals to remit up to $50,000 per year without additional documentation. Transfers exceeding this annual limit require Bank of Korea reporting. Per-transaction limits vary by provider — SentBe allows up to ₩5,000,000, Hanpass has similar limits for verified users, and Wise supports higher individual transfer amounts. On the Vietnamese receiving side, the State Bank of Vietnam requires banks to report large incoming foreign currency transfers, but there is no cap on how much an individual can receive. Vietnamese workers in Korea with valid ARC (Alien Registration Card) can verify their identity with Korean fintech providers for full transfer limits. Keep all transfer receipts for both Korean and Vietnamese tax compliance.