Beauty & Cosmetics Import — Pay Vietnamese Suppliers Faster, Cheaper
Import cosmetics, skincare, haircare, and beauty products. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for beauty & cosmetics import businesses. 0.5% spreads. Same-day VND settlement. Free container tracking.
Get a Quote for Your Next Vietnamese PaymentBeauty & Cosmetics Import margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £3,030 per £100k Payment
Typical savings for Beauty & Cosmetics Import paying Vietnam suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ NAPAS (National Payment Corporation of Vietnam) available
- ✓ 0.14s automated compliance
At £150k-£1.5M monthly volume, save £36,360/year
What Challenges Do Beauty & Cosmetics Import Businesses Face Paying Vietnam?
Industry Pain Points
- Regulatory compliance (UK Cosmetics Regulation)
- Shelf life and expiry management
- Brand exclusivity territories
- Influencer-driven demand spikes
Country-Specific 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
How Do Beauty & Cosmetics Import Businesses Typically Pay Vietnamese Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use NAPAS (National Payment Corporation of Vietnam) for instant VND settlement. Vietnam domestic payment switch
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Vietnam regulations. State Bank of Vietnam (SBV) foreign exchange controls handled automatically.
How Beauty & Cosmetics Import Businesses Typically Pay Vietnamese Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
Net 30-45 for established brands. T/T advance for K-beauty (fast trend response). COD for samples.
📄 Invoice Terms
Net 30-45 (European brands), T/T advance (Korean suppliers), Net 60 (large brand accounts).
Trend-driven with seasonal peaks (Q4, Mother's Day). K-beauty requires rapid restocking. Luxury more predictable. High turnover.
📊 FX Risk Profile
MODERATE: KRW (K-beauty), EUR (luxury), JPY (J-beauty). Fast inventory turn (60-90 days) limits exposure but trend response requires flexibility.
Brand partnerships for exclusive distribution. Korean suppliers relationship-intensive. European luxury: formal distributor agreements.
Common Documentation for Beauty & Cosmetics Import
- CPNP Notification
- Product Information File
- Safety Assessment
- Certificate of Analysis
- GMP Certificate
Popular Vietnam Supplier Types for Beauty & Cosmetics Import
Common Vietnam Suppliers
- Textile manufacturers (Ho Chi Minh City, Hanoi)
- Electronics assembly (Bac Ninh, Hai Phong)
- Furniture makers (Binh Duong)
- Agricultural exporters (Mekong Delta)
Payment Tips for Vietnam
- 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
Frequently Asked Questions: Beauty & Cosmetics Import Payments to Vietnam
How do Beauty & Cosmetics Import businesses pay suppliers in Vietnam?
Beauty & Cosmetics Import businesses can pay Vietnam suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like NAPAS (National Payment Corporation of Vietnam). This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Vietnam Beauty & Cosmetics Import suppliers?
To pay Beauty & Cosmetics Import suppliers in Vietnam, you need the recipient's Bank Code + Account (Bank code and account number (SWIFT for international)), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Beauty & Cosmetics Import businesses save on Vietnam payments?
Beauty & Cosmetics Import businesses typically save 86% compared to traditional banks when paying Vietnam suppliers. On a £100k transaction, that's £3,030 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 3.5% spread + £35 fees.
Is container tracking available for Beauty & Cosmetics Import shipments from Vietnam?
Yes, Unicorn Currencies offers FREE container tracking for Beauty & Cosmetics Import shipments from Vietnam. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Beauty & Cosmetics Import businesses typically use with Vietnam?
Beauty & Cosmetics Import businesses typically convert GBP to VND when paying Vietnam suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Vietnam Suppliers 86% Cheaper?
Join Beauty & Cosmetics Import businesses saving £3,030 per £100k payment with t+0 (2.3s avg within unicorn network).
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