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).
Save £3,030 per £100k Payment
China 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)
- ✓ Fast conversion
- ✓ Transparent 0.5% spread
- ✓ NAPAS (National Payment Corporation of Vietnam)
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
China → Vietnam Corridor Insights
Popular Industries
- Textile & Garment
- Electronics Assembly
- Furniture
Peak Trading Hours
CST (GMT+8) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: CNY-VND Payments
How fast are CNY-VND payments?
CNY-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 CNY-VND transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for CNY-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 CNY-VND?
You get real-time wholesale CNY-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 CNY-VND rate in advance?
Yes, forward contracts are available for CNY-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 CNY-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 CNY from China to Vietnam?
Save 86% on every payment with t+0 (2.3s avg within unicorn network).
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