SGD to VND Exchange & Money Transfer Guide

Sending money internationally can often be a daunting task, with challenges such as hidden fees, slow transfers, unfavorable exchange rates, or regulatory complexities. If you're looking to send money from Singapore Dollars (SGD) to Vietnamese Dong (VND), you may encounter these hurdles. However, with Panda Remit, sending money across this corridor is easier, more affordable, and transparent. Whether you're supporting family abroad, paying for education, or making investments, Panda Remit simplifies the process by offering low-fee transfers, high exchange rates, and fast delivery.

1. What to Know Before Sending Money (SGD to VND)

Before you send money from Singapore Dollars (SGD) to Vietnamese Dong (VND), it's important to understand the currencies and the methods available for transferring funds. The full currency names are Singapore Dollar (SGD) and Vietnamese Dong (VND), and recipients in Vietnam typically receive funds via bank deposit, mobile wallet, or cash pickup at designated locations.

To ensure a smooth transfer, you'll need to gather the recipient's details, including their full name, bank account number, local banking code (or identifier), and possibly a tax ID if applicable. In terms of regulatory requirements, you must be aware of the typical transfer limits and any compliance checks that might apply when sending money from Singapore to Vietnam.

The exchange rate is crucial when transferring SGD to VND. It determines the final amount your recipient will receive. With Panda Remit, you can view the real-time exchange rate and see the breakdown of service fees before you send money. This transparency ensures there are no hidden costs.

2. Step-by-Step: How to Send Money (SGD to VND)

Sending money via Panda Remit is simple and straightforward. Here’s a step-by-step guide:

1. Choose Panda Remit – A regulated, global financial service trusted for cross-border transfers.
2. Register or log in to your Panda Remit account and select the route for SGD to VND.
3. Enter recipient’s details – Make sure to input accurate information for the destination currency, including the recipient’s name and bank details.
4. Review the exchange rate and fees – Panda Remit shows you the real-time exchange rate, service fees, and an estimated payout amount in VND.
5. Choose your funding method – You can fund your transfer using POLi, PayID, E-transfer, or a bank card.
6. Confirm and send – After reviewing the details, confirm your transaction and send money.
7. Track your transfer – Monitor your transaction in real time via Panda Remit’s online dashboard or app.
8. Recipient receives the funds – Depending on the method chosen, your recipient will receive the money via bank deposit, mobile wallet, or cash pickup — often within minutes or a few hours.

3. Common Risks and How to Avoid Them

While sending money from SGD to VND is generally straightforward, there are some risks to be aware of:

• Mistyped details – An incorrect bank account number or local banking code could delay your transfer. Always double-check the recipient’s information before sending.
• Hidden fees and unfavorable exchange rates – Some services hide fees or mark up the exchange rate, which can reduce the amount your recipient receives. With Panda Remit, you can preview all fees and rates upfront.
• Compliance checks for large amounts – For larger transfers, regulatory checks may delay your transaction. Be prepared to provide any requested documentation, such as proof of the purpose of the transfer or proof of funds.
• Unlicensed channels – Sending money through informal or unlicensed channels can result in loss or delays. Always choose Panda Remit, a licensed and trusted financial service for secure transfers.
• Currency volatility – Exchange rates can fluctuate, so it’s important to time your transfer wisely. Panda Remit allows you to lock in a rate when possible to avoid the impact of market volatility.

4. Why Choose Panda Remit for SGD to VND Transfers

Here’s why Panda Remit is the best choice for sending money from Singapore to Vietnam:

• High exchange rates and low transfer fees – Panda Remit offers some of the best rates and low fees for SGD to VND transfers.
• Multiple payment methods – Choose from POLi, PayID, E-transfer, or bank card, depending on your preference.
• Fast, secure, fully online delivery – Panda Remit supports transfers to over 40 countries, including Vietnam, ensuring fast and reliable delivery.
• Transparency – Before you send money, you can see the fees, exchange rate, and estimated delivery time, so you’ll know exactly what to expect.
• Trusted by millions – Panda Remit is trusted by users worldwide for its low-fee, reliable, and convenient transfer services.

Conclusion

Sending money via the SGD to VND corridor doesn’t have to be complicated. With Panda Remit, you can send money securely, quickly, and affordably. Whether you're supporting family, paying for tuition, or making an investment, Panda Remit simplifies your international money transfer journey. Trust Panda Remit to handle your cross-border payments with ease and confidence, every time.