🇨🇳→🇻🇳
Send Money from China to Vietnam
Businesses in China paying Vietnam suppliers for Textile & Garment. Send CNY from China, receive VND in Vietnam with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: T+0 (2.3s avg within Unicorn network) with transparent pricing
Save £3,030 per £100k Payment
China 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)
- ✓ Fast conversion
- ✓ 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 China: What You Need to Know
CNY Origin Specifics
- CNY managed by PBOC
- CIPS payment system
- Capital controls on outflows
Your Local Advantages
- Fast CNY conversion
- Competitive rates for CNY collection
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)
China → Vietnam Corridor Insights
Popular Industries
- Textile & Garment
- Electronics Assembly
- Furniture
Peak Trading Hours
CST (GMT+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 CNY from China to Vietnam?
Save 86% on every payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB