Send Money from United States to Vietnam
Businesses in United States paying Vietnam suppliers for Textile & Garment. Send USD from United States, receive VND in Vietnam with t+0 (2.3s avg within unicorn network).
Save £3,030 per £100k Payment
United States 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 USD collection
- ✓ Transparent 0.5% spread
- ✓ NAPAS (National Payment Corporation of Vietnam)
Sending from United States: What You Need to Know
USD Origin Specifics
- USD global reserve currency
- ACH and FedNow available
- FinCEN reporting requirements
Your Local Advantages
- Local USD account available
- ACH (Automated Clearing House) 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
United States → Vietnam Corridor Insights
Popular Industries
- Textile & Garment
- Electronics Assembly
- Furniture
Peak Trading Hours
EST (GMT-5) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: USD-VND Payments
How fast are USD-VND payments?
USD-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 USD-VND transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for USD-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 USD-VND?
You get real-time wholesale USD-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 USD-VND rate in advance?
Yes, forward contracts are available for USD-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 USD-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 USD from United States to Vietnam?
Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local USD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB