With growing trade, education, and labor exchange between Italy and Vietnam, more and more Vietnamese Chinese residents, students, and professionals in Italy are facing a recurring need: how to send money back to Vietnam efficiently and affordably, especially by converting Euros to Vietnamese Dong (EUR to VND).

While traditional remittance channels—like banks and wire transfer companies—may appear secure, they often fall short in terms of exchange rates, service fees, processing time, and convenience. Fortunately, digital remittance platforms like Panda Remit have emerged as a smarter and more cost-effective alternative, especially for the overseas Vietnamese Chinese community.

1. The Pitfalls of Traditional Transfers

Sending money through banks is still a common method, but it presents several downsides:

• Poor exchange rates: Banks typically apply a wide margin over mid-market EUR to VND rates, reducing the amount received;

• High service charges: Transaction fees range from €10 to €30 per transfer, sometimes with hidden intermediary deductions;

• Slow processing: Transfers can take 3–5 business days to reach Vietnam;

• Cumbersome process: Manual forms, identity documents, and in-person visits are often required.

2. Why Panda Remit is the Better Choice

Panda Remit is a digital-first international money transfer platform that offers real-time exchange rates, low fees, fast delivery, and complete regulatory compliance, making it ideal for Vietnamese Chinese users.

• Better-than-bank exchange rates
  Panda Remit provides real-time EUR to VND rates that track the market closely and eliminate hidden markups—ensuring you get more Dong per Euro.

• Low fees, zero on your first transfer
  First-time users enjoy a fee-free transaction, with future transfers incurring significantly lower fees than traditional banks.

• Fast delivery, as quick as 2 minutes
  Unlike bank wires that take days, Panda Remit delivers most transfers in 2–10 minutes, perfect for time-sensitive situations.

• Fully digital, easy onboarding
  You only need a valid ID, a smartphone, and your recipient's bank details—no paperwork, no appointments, no bank queues.

•  Globally regulated, locally trusted
  Panda Remit is licensed by leading financial authorities including the UK’s FCA and Singapore’s MAS, ensuring safety, compliance, and data protection.

3. A Real Story from Padua, Italy

Linh, a Vietnamese Chinese mother living in Padua, sends money monthly to her parents in Ho Chi Minh City. “Bank transfers were slow, expensive, and the rates were never good,” she recalls. Since switching to Panda Remit, she saves over €100 annually in fees and gets significantly better exchange rates.

“Now, I send money from my phone in less than five minutes. The amount my parents receive is always higher than before.”

4. Ideal for…

• Vietnamese Chinese workers supporting families in Vietnam;

• Students receiving support from home or sending money back;

• Freelancers or business owners making personal cross-border payments;

• Anyone unsatisfied with the costs and delays of traditional banking.

5. Final Thoughts

Choosing the right platform for remittance is more than a matter of convenience—it’s about trust, efficiency, and financial responsibility. With Panda Remit, you enjoy superior exchange rates, reduced fees, fast delivery, and peace of mind.

Register today and make your first transfer from Italy to Vietnam with zero fees:
 https://www.pandaremit.com/zh/chn/register