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).
Save £3,030 per £100k Payment
Canada to Vietnam corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ NAPAS (National Payment Corporation of Vietnam)
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
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
Canada → Vietnam Corridor Insights
Popular Industries
- Textile & Garment
- Electronics Assembly
- Furniture
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: CAD-VND Payments
How fast are CAD-VND payments?
CAD-VND payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a CAD-VND transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for CAD-VND transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for CAD-VND?
You get real-time wholesale CAD-VND exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the CAD-VND rate in advance?
Yes, forward contracts are available for CAD-VND payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for CAD-VND payments?
Beneficiary details vary by destination. For Vietnam payments, you typically need the recipient's local account details (NAPAS (National Payment Corporation of Vietnam)), account number, and beneficiary name. Some destinations may also require local clearing codes.
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.
Bank of Canada registered PSP | FINTRAC licensed MSB