Timber & Wood Products — Pay Vietnamese Suppliers Faster, Cheaper
Import timber, lumber, plywood, and wood-based construction materials. 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 timber & wood products businesses. 0.5% spreads. Same-day VND settlement. Free container tracking.
Get a Quote for Your Next Vietnamese PaymentTimber & Wood Products 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 Timber & Wood Products 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 £200k-£2M monthly volume, save £36,360/year
What Challenges Do Timber & Wood Products Businesses Face Paying Vietnam?
Industry Pain Points
- Commodity price volatility
- Sustainability certification requirements
- Bulk shipping logistics
- Quality grading disputes
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 Timber & Wood Products 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 Timber & Wood Products 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
CAD (Cash Against Documents) common. Net 30 for established. Spot market: immediate.
📄 Invoice Terms
CAD typical, Net 30 (established), spot: immediate. LC for large tropical hardwood shipments.
Construction season driven (Mar-Oct). Stock building before season. Bulk purchases for cost efficiency.
📊 FX Risk Profile
HIGH: EUR (Scandinavia/Baltic), USD/CAD (North America), BRL (Brazil). Commodity price adds volatility.
Sawmills direct for volume. Agents for specialty species. Long-term for allocation during shortages. Certification chain critical.
Common Documentation for Timber & Wood Products
- FSC/PEFC Chain of Custody
- EUTR Due Diligence
- Phytosanitary Certificate
- Grade Certificate
- Bill of Lading
Popular Vietnam Supplier Types for Timber & Wood Products
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: Timber & Wood Products Payments to Vietnam
How do Timber & Wood Products businesses pay suppliers in Vietnam?
Timber & Wood Products 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 Timber & Wood Products suppliers?
To pay Timber & Wood Products 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 Timber & Wood Products businesses save on Vietnam payments?
Timber & Wood Products 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 Timber & Wood Products shipments from Vietnam?
Yes, Unicorn Currencies offers FREE container tracking for Timber & Wood Products 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 Timber & Wood Products businesses typically use with Vietnam?
Timber & Wood Products 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 Timber & Wood Products businesses saving £3,030 per £100k payment with t+0 (2.3s avg within unicorn network).
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