Unicorn Currencies
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🇮🇹→🇻🇳

Send Money from Italy to Vietnam

Italian businesses and fashion houses paying Vietnam suppliers. Send EUR from Italy, receive VND in Vietnam with t+0 (2.3s avg within unicorn network).

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

Save £3,030 per £100k Payment

Italy 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 EUR 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 Italy: What You Need to Know

EUR Origin Specifics

  • Italy uses EUR currency
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

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)

Italy → Vietnam Corridor Insights

Popular Industries

  • Textile & Garment
  • Electronics Assembly
  • Furniture

Peak Trading Hours

CET (GMT+1) 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 EUR from Italy to Vietnam?

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

Open AccountView Vietnam Details

Bank of Canada registered PSP | FINTRAC licensed MSB