Guide to Transferring Money from Abroad to Vietnam Most Quickly and Reliably

Transferring money from abroad to Vietnamhow to do it will surely make many people wonder and get headaches about this issue. Currently, there are 2 ways to transfer money from abroad to Vietnam: first, by bank transfer, and second, through money transfer companies (Western Union, Money Gram...). Let's find out with us how to transfer, how to transfer in the article below.

Transferring foreign currency to Vietnam

How to transfer money from abroad to Vietnam via bank transaction

You can transfer money from abroad to Vietnam through the Vietnamese banking system such as Vietinbank, ACB, BIDV, Saccombank, Teckcombank, Agribank... These banks have established agency relationships with over 1000 reputable banks in all countries and have cooperation agreements on remittance with many foreign banks at low fees.

You can transfer money back in US dollars (USD), Euros (EUR), Australian dollars (AUD), British pounds (GBP), Singapore dollars (SGD), Japanese yen (JPY), Danish kroner (DKK), Swedish kroner (SEK), Norwegian kroner (NOK), Swiss francs (CHF), Canadian dollars (CAD)... Here are some examples of transferring money from abroad to Vietnam through some banks.

Transferring money through some linked banks with foreign countries

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1. Transferring money from abroad to Vietnam by ACB bank

Sender from abroad:

• Contact the sending bank for instructions on how to transfer money from abroad to receive via Visa card.
• Transfer money through channels such as: Internet Banking, Mobile Banking or at the bank's transaction counter with money transfer services.
• For the Internet Banking channel, follow these steps:
  1. Enter Username and Password to access the money transfer service
  2. Select the "Transfer money from abroad via Visa card" section
  3. Select the account to debit
  4. Enter the card number and cardholder name -> Enter the amount to transfer and other information (if required)
  5. Press OK for the transaction to be processed.

Beneficiary in Vietnam

• Open a new Visa Prepaid / Visa Extra Prepaid / Visa Debit card or use an existing Visa Prepaid / Visa Extra Prepaid / Visa Debit / Visa Extra Debit card.
• Provide complete and accurate information such as: card number, cardholder name, card expiry date (if needed) to the remitter.
• Service fee: 50,000 VND/ transaction

There are many services for sending money to Vietnam

2. Transfer money from abroad to Vietnam via Sacombank

BIDV allows you to receive money from abroad safely and quickly through the Swift system.

To receive cash, customers need to present:

• Valid identification documents (ID card/Vietnam People's Army Officer ID/Passport/Temporary residence card/Permanent residence card in Vietnam for foreigners...)
• Legitimate Power of Attorney (in case the customer is authorized to receive money at BIDV).

Customers need to provide complete information to the sender to transfer money to BIDV

• ReceivingBank
  • Joint Stock Commercial Bank for Investment and Development of Vietnam
  • Address: Vincom City Towers 191 Ba Trieu Street
  • Swift code: BIDVVNVX
• Beneficiary
  • In case of receiving money via current account: Account name (Full name of beneficiary), account number.
  • In case of receiving money by valid identification documents: Full name as per identification document, address, identification document number, contact phone number (if any) of the beneficiary.

Connect with many banks around the world

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How to send money from abroad to Vietnam through a reputable money transfer company (Western Union, Money Gram...)

With Western Union it's very simple. Customers just need to go to the nearest Western Union Agent location, fill out the Money Transfer form, and the rest will be handled by the Western Union teller. With over 480,0001 agent locations worldwide, we can be right next to where you live. Our agent locations can be found in banks, travel agencies, post offices, airports, foreign exchange points, supermarkets, and retail stores.

After filling out all the information WU requires, the Western Union Agent will provide you with a 10-digit number. Then, call your relatives and tell them to go to the bank where you sent the money. The procedure for receiving money only requires presenting their ID card and stating these 10 digits to receive the money. Additionally, you can transfer money via phone or internet (only available in some countries) through Western Union.

Money Gram is similar. Money Gram is present in over 170 countries worldwide and partners with many banks to provide money transfer services from abroad to Vietnam with simple, fast, and secure transfer procedures.

Accordingly, customers can go to any location worldwide with a Money Gram agent and provide the necessary information about the recipient in Vietnam to the Money Gram agent (transfer information includes: full name, address, and contact phone number). After completing the money transfer steps to Vietnam, the MoneyGram agent will provide the sender with an 8-digit reference number. The recipient should bring this reference number and their ID card to any branch/transaction office of that bank to receive the money. The transfer fee will be determined by the sending bank.

International money transfer is not too difficult

We hope that the suggestions we have provided above will help you transfer money from abroad to Vietnam accurately and quickly. We wish you success.