Bank Transfer Payments
in Vietnam
Standard VND wire to any Vietnamese bank account.
Bank Transfer in Vietnam
Vietnamese Dong · VND
Contractor must provide their Vietnamese bank account number and bank name.
Payment Journey
You fund in USD, stablecoin, or BTC — your contractor in Vietnam chooses how they receive it.
Fund your Bitwage Balance
USD via wire/ACH/FedNow, stablecoin (USDC/USDT), or BTC. Fund once — use for all payments.
Create a payment run
Add your Vietnam contractor(s) to a batch or individual payment. Set the amount in USD — Bitwage handles everything else.
Converts & delivers via Bank Transfer
FX rate locks at approval. Bitwage converts USD → local currency and routes the payment via Bank Transfer. Compliance screened automatically.
Funds arrive via Bank Transfer
Settlement: 1–2 business days. Fees: 0.5–1.5%. Contractor can also choose USDC, USDT, or Bitcoin instead — they set their preference once.
How Bank Transfer Works in Vietnam
Bitwage converts USD to VND at the locked rate and routes a wire through the NAPAS interbank clearing system.
Compliance & Security
Vietnam requires foreign income declaration with the General Department of Taxation. Bitwage screens all payments against OFAC and UN sanctions lists.
The VND is managed by the State Bank of Vietnam within a narrow band. Bitwage locks the USD/VND rate at execution time.
Bank Transfer in Vietnam FAQ
Common questions about Bank Transfer payments, settlement, fees, and requirements.
Bank Transfer payments to Vietnam typically settle in 1–2 business days. Bitwage locks your FX rate lock at execution time so recipients receive exactly the amount shown in the payment preview.
Bitwage charges 0.5–1.5% for Bank Transfer payments to Vietnam. There are no hidden per-transfer fees beyond the displayed rate. You can see the full cost breakdown before executing via our {{link:products/contractor-payments}} platform.
Contractor must provide their Vietnamese bank account number and bank name. Bitwage validates all payment details before executing. For batch payments to multiple contractors, use {{link:products/masspay}} to upload a CSV with all recipient details at once.
Yes. With {{link:products/masspay}} you can include any number of Vietnam-based contractors in a single payment run, mixing Bank Transfer with other local rails. All FX conversions are locked at batch payment processing execution time.
Related Resources
Start Sending Bank Transfer Payments to Vietnam
Settlement in 1–2 business days. Fees from 0.5–1.5%. OFAC screened on every payment.