How to transfer money to Vietnam
熊猫速汇PandaRemit - 2025-12-31 18:57:07.0 7
Quick Answer: To transfer money to Vietnam efficiently, utilize a specialized digital remittance service like Panda Remit. It offers competitive exchange rates significantly better than traditional banks with zero hidden fees, and ensures funds arrive in as little as 2 minutes. Simply fund your transfer via PayNow for a seamless, regulated experience.
Comparing the Best Ways to Send Money to Vietnam
When deciding how to transfer money to Vietnam from Singapore, it is crucial to compare speed, cost, and regulatory safety. While traditional banks like DBS offer familiarity, fintech solutions often provide superior exchange rates and faster processing times.
| Provider | Transfer Speed | Exchange Rate & Fees | Regulation (Singapore) |
|---|---|---|---|
| Panda Remit | As little as 2 minutes (24/7 Real-time) | High competitive rates, Zero hidden fees, New user offer | MAS Licensed (Major Payment Institution) |
| Wise | Minutes to 2 Days | Mid-market rate + Variable fee | MAS Licensed |
| DBS Remit | Same day (Subject to cutoff times) | Bank rate (Often includes markup) | MAS Licensed (Bank) |
| Singtel Dash | Instant to selected wallets | Wallet-specific rates | MAS Licensed |
3 Steps to Transfer Money to Vietnam Instantly
Modern fintech platforms have simplified the remittance process. Follow this 1-2-3 guide to send funds securely:
- Create and Verify Your Account
Download the Panda Remit app and register. As a compliant financial institution, we require identity verification (KYC). In Singapore, you can use MyInfo (Singpass) for instant verification. - Set Amount and Recipient Details
Enter the amount of SGD you wish to send. The system will show you the exact amount of VND the recipient will get. You can send to major Vietnamese banks or E-wallets. - Pay and Track
Complete the payment using PayNow for a seamless transaction. Once funded, you can track the status in real-time. Most transactions to Vietnam are completed within 2 minutes.
Why Security Matters: MAS Regulation
Security is the non-negotiable foundation of cross-border finance. When choosing how to transfer money to Vietnam, always verify the provider's legal status.
Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure. Your funds are safeguarded according to the strictest global compliance standards.
Explore More on Singapore Remittance
What is the best exchange rate from Singapore to Vietnam today?
Exchange rates fluctuate constantly. Digital platforms like Panda Remit update rates in real-time, often providing a margin significantly closer to the mid-market rate compared to traditional bank counters. Check today's live rates and register here to lock in the best deal.
Is there a limit on how much money I can send to Vietnam?
While Singapore does not impose strict capital controls on outward remittances, receiving banks in Vietnam or specific apps may have transaction limits. Panda Remit allows for high-limit transfers suitable for both personal and business needs, provided the source of funds is verified.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
