1. Hungary’s Policy Tensions and Currency Implications

In early 2025, Hungary once again challenged EU efforts to introduce a unified customs system, asserting its sovereignty over national taxation and trade. While this move stirred political debate in Brussels, the economic ripple effects reached ordinary users: volatility in the Hungarian Forint (HUF), and rising uncertainty in international transfers.

For Vietnamese nationals working or studying in Hungary, this situation adds pressure to their remittance planning. Transfers must now account for exchange rate fluctuations, high banking fees, and long delivery delays—factors that make traditional transfer routes more burdensome than ever.

According to the World Bank Remittance Price Database, average fees for sending money from Central Europe to Southeast Asia hover around 6.24%, with some banks charging even more.

2. Why Traditional Transfers Are No Longer Ideal

 Shortcomings of Traditional Banks:

• High fees: €20–€35 per transfer is typical

• Indirect currency paths: HUF → EUR/USD → VND leads to hidden losses

• Delayed arrival: 3–5 business days on average

• Complicated process: Paperwork, bank visits, and long wait times

Digital remittance solutions now offer a viable alternative—with costs as low as 1/10th of traditional fees.

3. Panda Remit: Affordable, Fast, Transparent

Panda Remit is a digital-first remittance platform that supports direct HUF to VND transfers, offering real-time rates and industry-low fees. It's now operational in over 40 countries, including Hungary and Vietnam.

Key Benefits of Panda Remit:

1. Fees as low as 1/10 compared to banks, with first transfer free

2. Direct currency conversion from HUF to VND—no double exchange

3. Fast delivery: funds typically arrive within 10 minutes

4. 100% app-based: no paperwork, no bank queues

5. Real-time tracking and 24/7 multilingual support

4. Who Uses Panda Remit?

Vietnamese workers in Hungary
Send salaries home with low fees and reliable delivery—maximize every euro saved.

Students sending support home
Handle tuition or allowances efficiently, while minimizing losses on exchange rates.

Remote freelancers
Convert and remit HUF income to Vietnam quickly, with no hidden charges or transfer delays.

5. Getting Started Is Easy:

1. Download the Panda Remit app

2. Register and verify identity

3. Select “Hungary → Vietnam” as your transfer route

4. Input your amount and see VND instantly

5. Add recipient bank account info

6. Confirm and track progress live

6. Conclusion: A Better Way to Remit

In a world where time and money are both precious, Panda Remit offers a smarter, safer, and more affordable way to send HUF to VND. With 1/10th the traditional cost, it’s a financial tool built for modern global citizens.

 Start your Panda Remit transfer today and enjoy your first fee-free transaction