Cheapest way to send money to Vietnam?

Wise, Remitly, and WorldRemit typically lead VND corridors with margins under 1.5%. For larger transfers, OFX (no fee on AUD→VND, GBP→VND) is often best.

Are remittances taxable in Vietnam?

No — personal remittances to family in Vietnam are not subject to personal income tax. There is no annual cap on inbound remittances.

What is the difference between USD and VND payout?

USD payouts go to a Foreign Currency Deposit Account (FCDA), letting the recipient hold foreign currency. VND payouts convert immediately at the receiving bank's rate. USD is often preferred for savings; VND for daily use.

How fast do VND transfers settle?

Most fintech providers credit Vietnamese bank accounts within 1–4 hours during business days. NAPAS (Vietnam's interbank rail) supports faster delivery for participating providers.

Why is 1 USD worth so many VND?

The Vietnamese dong has been redenominated downward over decades of high inflation in the 1980s. The current ~25,000 VND per USD level reflects this history. Vietnam has not undertaken redenomination in modern times for political and practical reasons.

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Vietnamese Dong (VND) Live Exchange Rate & Remittance Guide

VND · ₫ · State Bank of Vietnam (SBV)

1 USD =

₫—

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About the Vietnamese Dong

The Vietnamese Dong was reintroduced in 1978 after reunification, replacing both North and South Vietnamese currencies. The SBV manages the dong under a crawling peg with a USD reference rate, allowing daily fluctuation within a narrow band. The currency has slowly depreciated against the USD in line with productivity differentials.

Why VND matters for remittance

Vietnam is a major remittance recipient — roughly $14 billion annually — driven by the large Vietnamese diaspora in the United States, Australia, Canada, France, and Germany. Remittances are an important lifeline for families and a significant source of FX for the country.

Compare VND corridors

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USD→VND AUD→VND EUR→VND GBP→VND JPY→VND

Vietnam remittance guide

Country profile for sending money TO Vietnam — delivery methods, regulations, recipient guidance.

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VND remittance regulations

SBV regulates inbound remittances. Personal remittances are not capped or taxed. Recipients may receive funds in USD (held in FX accounts) or VND. The Vietcombank and BIDV bank networks dominate retail remittance delivery alongside fintechs.

How to send Vietnamese Dong (VND)

Choose a provider supporting Vietnamese banks (Vietcombank, BIDV, Techcombank, MB Bank, Agribank).
Decide whether to credit USD (FX account) or VND — the recipient's preference depends on whether they plan to spend or save.
MoMo and ZaloPay are popular Vietnamese mobile wallets; some international providers now support direct credit.
Wise, Remitly, and WorldRemit have particularly competitive USD→VND, AUD→VND, and EUR→VND rates.

Currency facts

ISO 4217: 704
Sub-unit: 10 hao = 1 dong
Central bank: State Bank of Vietnam (SBV)
Daily FX volume: $1.5 billion/day
Symbol: ₫
52-week range (vs USD): 25,200 – 25,500

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.