🇻🇳 Pay Suppliers in Vietnam
Pay Vietnamese manufacturers for textiles, electronics, furniture
T+0 (2.3s avg within Unicorn network). Save 86% vs traditional banks.
What you need to send money to Vietnam
What details do I need to pay suppliers in Vietnam?
To pay suppliers in Vietnam you need the recipient's Bank Code + Account (Bank code and account number (SWIFT for international)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Vietnam?
Payments to Vietnam settle in an average of 2.3 seconds when using local rails such as NAPAS (National Payment Corporation of Vietnam), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Vietnam?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 86% versus banks (e.g. £505 vs £3535 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Vietnam
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 3.5% | 0.5% |
| Payment Fee | £35 | £5 |
| Total Cost (£100,000) | £3,535 | £505 |
| YOUR SAVINGS | N/A | £3,030 (86%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Vietnam
Avoid expensive SWIFT fees. We use local payment systems in Vietnam for faster, cheaper settlement.
NAPAS (National Payment Corporation of Vietnam)
Vietnam domestic payment switch
SWIFT
International transfers via correspondent banks
Who Uses This Payment Corridor
Key Industries in Vietnam
- Textile & Garment
- Electronics Assembly
- Furniture
- Footwear
- Agriculture
Average Transaction: £40k-£150k
Typical Monthly Volume: £200k-£1.5M
Popular Supplier Types
- Textile manufacturers (Ho Chi Minh City, Hanoi)
- Electronics assembly (Bac Ninh, Hai Phong)
- Furniture makers (Binh Duong)
- Agricultural exporters (Mekong Delta)
What You Need to Know: Vietnam Payments
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 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
Why Choose Unicorn for Vietnam Payments
Local Rails, Not SWIFT
We use NAPAS (National Payment Corporation of Vietnam) and other local systems in Vietnam. Avoid 3-4% SWIFT fees and 2-3 day delays.
86% Lower Costs
Save £3,030 on every £100,000 payment. On £200k-£1.5M monthly volume, save up to £90,900 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Vietnam payments.
Real-Time FX Tracking
Upload supplier invoices in VND. See live P/L as GBP/VND rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Vietnam? Save 86%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Vietnam
For businesses with high annual FX volume. Not consumer transfers.