Transferring Money INTO Vietnam

We use TransferWise and have never had a problem.  We only send small amounts when we use it so it is cheaper than the bank.

I've never had issues with wire transfers, just remember middle names are considered apart of your full name in Vietnam, so be sure to make sure everything matches.

Which banks and have you used it to transfer money?

Andy Passenger wrote:

Why did you open a USD account if you want to pay land with VND?

Don't believe everything the eternal skeptics here in the forum say.

I've only had the best experiences with Vietnamese banks so far.
The procedures both via e-banking and at the counter are very secure.
I have transferred many times money from my account in my home country to the Vietnamese VND account.
From there I have transferred money to other Vietnamese bank accounts via e-banking.
Or I transfered money to other Vietnamese people via e-banking or from the bank counter (e.g. for a property or a car).
I can also transfer money to my wife's VND account.

I only know that it is not possible to deposit cash into my account and that Vietnamese nationals cannot transfer money to a foreigner's account.
Transferring money from a Vietnamese bank account to my home country is something I have never done before, so I can't tell if it's possible.

If you not trust Vietnamese banks, transfer just what you need to buy land.
Or transfer the rest of the money to your wife's account (that would work if you would had a VND account).
Recently, almost all of our transactions have been made through my wife's bank account.
Because if we sell something (e.g. a property or a car), the Vietnamese buyers can't transfer the money to my account.
So it is easiest if the money is transferred from a sale to her account and is transferred from her account to the seller at the next purchase.
The prerequisites for this are of course that you trust your wife. 

Hello,
You said  vietnamese nationals cannot transfer money to a foreigner's account (vietnamese account) whereas foreigners can transfer money from their vietnamese accounts to vietnamse accounts of vietnamese nationals . But is it possible for foreigners to transfer money from their vietnamese accounts to vietnamese acounts of another foreigners ?
Thanks in advance :-)
Laurent

Laurent futur Nha Trang wrote:

Andy Passenger wrote:

Why did you open a USD account if you want to pay land with VND?

Don't believe everything the eternal skeptics here in the forum say.

I've only had the best experiences with Vietnamese banks so far.
The procedures both via e-banking and at the counter are very secure.
I have transferred many times money from my account in my home country to the Vietnamese VND account.
From there I have transferred money to other Vietnamese bank accounts via e-banking.
Or I transfered money to other Vietnamese people via e-banking or from the bank counter (e.g. for a property or a car).
I can also transfer money to my wife's VND account.

I only know that it is not possible to deposit cash into my account and that Vietnamese nationals cannot transfer money to a foreigner's account.
Transferring money from a Vietnamese bank account to my home country is something I have never done before, so I can't tell if it's possible.

If you not trust Vietnamese banks, transfer just what you need to buy land.
Or transfer the rest of the money to your wife's account (that would work if you would had a VND account).
Recently, almost all of our transactions have been made through my wife's bank account.
Because if we sell something (e.g. a property or a car), the Vietnamese buyers can't transfer the money to my account.
So it is easiest if the money is transferred from a sale to her account and is transferred from her account to the seller at the next purchase.
The prerequisites for this are of course that you trust your wife. 

Hello,
You said  vietnamese nationals cannot transfer money to a foreigner's account (vietnamese account) whereas foreigners can transfer money from their vietnamese accounts to vietnamse accounts of vietnamese nationals . But is it possible for foreigners to transfer money from their vietnamese accounts to vietnamese acounts of another foreigners ?
Thanks in advance :-)
Laurent

I think this is possible.
I have already trasfered some 100 mil. VND from my Sacombank VND account to my Timo (VPBank) VND account. So I think I can also transfer to another foreigner VND account.

Humm... There's no doubt about transferring to another own vietnamese account. I have also made this many times. But this fact isn't not a sign that it's possible to transfer to another foreigner... We need someone gives experience of this.

Anyone can wire money to your account internationally, it doesn't matter if they are a foreigner or Vietnamese. It converted from USD to VND before the money lands in your account.

It's virtually the same easy, than receiving money from a inland transfer, everywhere. Depending on source country/currency and/or holidays, you just might be patient for a few days until it's cleared and deposited, I had already within a couple of hours and once even 6 weeks (payment from India, arriving here somehow in the last few hours before TET. sso that was a long, very long clearance. Usually it should be well below 1 week

herbj wrote:

Which banks and have you used it to transfer money?

Mostly SHB, transferred around 2-3b into Vietnam.

Playstyle wrote:

Anyone can wire money to your account internationally, it doesn't matter if they are a foreigner or Vietnamese. It converted from USD to VND before the money lands in your account.

International, that's not the problem.

The problem is within Vietnam from a Vietnamese citizen to a foreigner.  I have experienced it several times, no matter what others say.  Not even my own wife can pay into my account.