Introduction

Sending money from Singapore to Vietnam has become increasingly common for families, businesses, and students. Many individuals seek a platform that combines high exchange rates, low fees, and reliable service. Digital remittance services have revolutionized cross-border transfers, offering faster, more convenient, and cost-effective alternatives compared to traditional banks. In this guide, we will explore the best apps to send money from Singapore to Vietnam, compare fees and exchange rates, and explain why Panda Remit is one of the most trusted options for safe and affordable transfers.

Why Many People in Singapore Send Money to Vietnam

Singapore and Vietnam share strong economic and social connections. People send money for various reasons, including:

• Family Support: Vietnamese expatriates in Singapore often send funds home for household expenses.

• Education: Families remit funds to cover tuition or school fees.

• Business Transactions: Entrepreneurs and freelancers transfer payments to partners or suppliers in Vietnam.

• Personal Investments: Property or investment-related payments require safe and reliable cross-border transfers.

Given these needs, choosing a trustworthy and affordable remittance app is essential.

What to Look for in a Money Transfer App

When selecting a remittance service, consider these factors:

1. Exchange Rate

Even small differences can make a big impact when sending money internationally. Look for apps that offer competitive, near-market rates.

2. Fees

Compare the fee structures of different platforms. Some may charge low fees for smaller amounts but increase costs for higher transfers.

3. Security

Ensure the app is regulated by financial authorities like MAS (Monetary Authority of Singapore) and uses encryption to protect your data.

4. Ease of Use

A clean, user-friendly interface with straightforward steps can reduce errors and make transfers more convenient.

5. Speed

While instant transfers are appealing, for larger or international transfers, reliability and accuracy are more important than sheer speed.

Best Apps to Send Money from Singapore to Vietnam (2025 Update)

We compared Wise, Remitly, and Panda Remit to help you find the most reliable app for sending money to Vietnam. Each has unique advantages depending on your needs.

Wise

Wise provides transparent mid-market rates and a global reputation for security and reliability. It is suitable for those who value precise rates and detailed cost breakdowns.

Remitly

Remitly offers lower fees and multiple delivery options, including bank deposit and cash pickup. The app is user-friendly and popular among smaller transfers, but it also accommodates higher amounts for verified users.

Panda Remit

Panda Remit is a growing digital remittance service trusted in Asia. With competitive rates, low fees, and a secure platform, it is an excellent choice for users who want a balance of affordability and reliability.

How to Send Money from Singapore to Vietnam Using Panda Remit: Step-by-Step Guide

1. Go to Panda Remit’s website or download the app.

2. Create an account and complete the identity verification process.

3. Add your recipient’s banking details in Vietnam.

4. Enter the amount in SGD. The app will display the equivalent VND amount based on real-time exchange rates.

5. Confirm the details and complete the transfer using supported payment methods.

6. Track your transaction in the app for confirmation.

Cost & Exchange Rate Comparison Example (1,000 SGD)

As shown, each platform offers a slightly different combination of rate and fee. Panda Remit balances cost and convenience, making it one of the best options for sending money to Vietnam.

Tips to Get the Best Exchange Rates

• Compare platforms: Check rates and fees across multiple apps.

• Monitor exchange rates: Transfer when rates are favorable.

• Avoid weekends and holidays: Less liquidity may affect rates.

• Check for promotions: Some apps offer first-time user or high-value transfer bonuses.

Common Questions (FAQ)

Q1. Is it safe to send money via these apps?
Yes, Wise, Remitly, and Panda Remit are regulated and use encryption for security.

Q2. Can I send large amounts?
Yes, but limits depend on your verification level. Verified accounts can typically send higher amounts safely.

Q3. Can I use a credit card?
No, most platforms including Panda Remit do not support credit card transfers. Bank transfer or PayNow is required.

Q4. What documents are required?
You’ll need identity verification such as a passport or NRIC. Large transfers may require proof of funds.

Q5. How long does it take?
Processing times vary. Most transactions are completed efficiently once verification is done.

Conclusion

For sending money from Singapore to Vietnam, platforms like Wise and Remitly offer strong options. Panda Remit stands out as a reliable, secure, and cost-effective service, providing competitive exchange rates and low fees. For users who want a balance of affordability, convenience, and trustworthiness, Panda Remit is an excellent choice.