Send money from United States to Vietnam(USD → VND)

Remitly and Wise are typically the most cost-effective for USD to VND transfers. Remitly offers competitive VND rates with express delivery and frequently runs zero-fee promotions for new users. Wise charges the mid-market exchange rate with a fee of $5–8 per $1,000. Xoom offers competitive pricing, especially during promotional periods. For a $1,000 transfer, the difference between the best and worst providers can be 200,000–500,000 VND — significant purchasing power in Vietnam. ACH bank transfer funding is cheapest. Avoid US bank wires, which charge $25–50 plus poor exchange rates and potential correspondent bank fees.

All major providers support transfers to Vietnam's top banks: Vietcombank, BIDV (Bank for Investment and Development), Agribank, Techcombank, VietinBank, ACB, Sacombank, and MB Bank. These banks collectively cover the vast majority of Vietnamese banking customers. You'll need the recipient's full name (as shown on their bank account), bank account number, and bank name. Some providers also accept the bank's SWIFT code for routing. Vietcombank and BIDV are the most widely supported across all providers. Vietnamese banks do not typically charge receiving fees on international remittances, making bank deposit the most cost-effective delivery option.

Standard bank deposits take 1–3 business days, with express options delivering within hours to same-day. Remitly's express option (card-funded) can deliver to major Vietnamese banks within hours. Cash pickup through Western Union or MoneyGram is available within minutes. ACH-funded transfers add 1–3 business days. Vietnamese banking hours (Monday–Saturday morning, 8am–4:30pm ICT) affect deposit timing. Transfers initiated on Vietnamese holidays (Tet lunar new year, National Day) may be delayed. For urgent transfers, use debit card funding with express bank deposit.

Vietnam welcomes inbound remittances as a significant source of foreign exchange. Recipients can receive unlimited amounts through licensed channels. The State Bank of Vietnam (SBV) does not tax incoming personal remittances. Recipients can choose to receive in VND or USD — though most providers deliver in VND at their quoted exchange rate. For USD receipts, some Vietnamese banks offer foreign currency accounts. Vietnamese regulations require recipients to present valid ID (national ID card or passport) for cash pickup. For bank deposits, the account must be in the recipient's name. Vietnam's Foreign Exchange Ordinance governs these transactions but does not restrict personal inbound remittances.

Unlike freely floating currencies, the VND is managed by the State Bank of Vietnam within a trading band (currently ±5%) around a daily reference rate. This means VND doesn't experience the extreme volatility seen in currencies like NGN or PKR, but the official rate can differ from the rate providers actually use. Check that your provider offers a competitive rate close to the SBV reference rate. The VND has gradually depreciated against the USD over the long term, moving from around 23,000 to over 25,000 VND/USD over 2020–2025. For large transfers, small rate differences matter enormously — a 0.5% markup on $5,000 means 625,000 VND less for your recipient.