🏴→🇻🇳
Send Money from England to Vietnam
English businesses and traders paying Vietnam suppliers. Send GBP from England, receive VND in Vietnam with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local VND delivery = no correspondent bank fees
Save £3,030 per £100k Payment
England 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 GBP 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 England: What You Need to Know
GBP Origin Specifics
- England uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
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)
England → Vietnam Corridor Insights
Popular Industries
- Textile & Garment
- Electronics Assembly
- Furniture
Peak Trading Hours
GMT 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 GBP from England to Vietnam?
Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB