Unicorn Currencies
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🇨🇦→🇻🇳

Send Money from Canada to Vietnam

Businesses in Canada paying Vietnam suppliers for Textile & Garment. Send CAD from Canada, receive VND in Vietnam with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local VND delivery = no correspondent bank fees

Save £3,030 per £100k Payment

Canada to Vietnam corridor savings

Traditional Bank
£3,535
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local CAD collection
  • ✓ Transparent 0.5% spread
  • ✓ NAPAS (National Payment Corporation of Vietnam)
Your Savings
86%
£3,030 per £100k
At £300k-£3M monthly, save £7,583/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

  • CAD commodity currency (tracks oil/resources)
  • Interac e-Transfer for fast payments
  • FINTRAC oversight

Your Local Advantages

  • Local CAD account available
  • EFT (Electronic Funds Transfer) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in Vietnam: Compliance & Requirements

Regulatory Considerations

  • State Bank of Vietnam (SBV) foreign exchange controls
  • Tax identification number (TIN) required for suppliers
  • Import license for certain goods
  • VND is non-convertible - must use USD intermediary

Payment Best Practices

  • Most Vietnamese suppliers prefer USD over VND
  • SWIFT still dominant - local rails underdeveloped
  • Vietnam emerging as China alternative for manufacturing
  • Lower labor costs but less infrastructure than China
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via NAPAS (National Payment Corporation of Vietnam)

Canada → Vietnam Corridor Insights

Popular Industries

  • Textile & Garment
  • Electronics Assembly
  • Furniture

Peak Trading Hours

EST/PST (GMT-5/-8) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send CAD from Canada to Vietnam?

Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open AccountView Vietnam Details

Bank of Canada registered PSP | FINTRAC licensed MSB