$19.5B — Annual remittance inflows to Vietnam (2024)
| Provider | Fee | FX Markup | Total Cost | Speed |
|---|---|---|---|---|
| Bank Wire (SWIFT) | $35–45 | 2–3% | $55–70 | 3–5 days |
| Wise | $5–8 | 0% | $5–8 | 1–2 days |
| Remitly (Express) | $3–5 | 0.5–1% | $6–10 | Minutes–1 day |
| Western Union | $5–15 | 1–2.5% | $12–28 | Minutes–2 days |
| USDC on Tron | $1–3 | ~0.3% | $3–5 | < 2 hours |
| USDC on Stellar | $1–3 | ~0.3% | $3–5 | < 1 hour |
~2% — Average FX markup charged by US banks on USD/VND
| Provider | Min Transfer | Max Transfer | Recipient Gets | Mobile App |
|---|---|---|---|---|
| Wise | $1 | $1,000,000 | VND to bank account | Yes |
| Remitly | $1 | $30,000/day | VND to bank account | Yes |
| Western Union | $1 | $50,000 | VND cash or bank | Yes |
| Bank Wire | $0 | Varies by bank | VND to bank account | Varies |
| Crypto (USDT/USDC) | $1 | Unlimited | VND via local exchange | Yes |
For most senders, Wise offers the best balance of low cost and simplicity—fees of $5–8 on a $500 transfer with no FX markup. If your recipient is comfortable with crypto, sending USDT on Tron to a Vietnamese exchange like Remitano is cheaper at $2–4 total. Use RemitRoutes to compare live rates for your specific amount.
Bank wires take 3–5 business days. Wise typically arrives in 1–2 business days. Remitly Express can arrive in minutes to hours for bank deposits. Crypto transfers (USDT/USDC) settle on-chain in minutes but off-ramping to a Vietnamese bank account adds 1–24 hours depending on the local exchange.
Most major Vietnamese banks accept international transfers: Vietcombank (most commonly used for international wires), Techcombank, BIDV, Agribank, MB Bank, VPBank, and TPBank. Wise and Remitly support most of these banks directly. When sending via SWIFT, use Vietcombank's SWIFT code BFTVVNVX for reliable routing.
The US has no legal limit on international transfers, but you must report transfers over $10,000 to FinCEN. Provider limits vary: Remitly caps at $30,000/day, Wise allows up to $1,000,000 for verified accounts, and Western Union allows up to $50,000. On the Vietnamese side, there is no tax on personal remittances, but large amounts may require the recipient to provide source-of-funds documentation.
No. Zelle is only available for transfers between US bank accounts. Venmo does not support international transfers. For US-to-Vietnam transfers you need a dedicated international remittance service like Wise or Remitly, a bank wire, or a crypto rail.
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