Can I transfer money to a bank account in Vietnam?

Transferring Funds to a Bank Account in Vietnam: A SWIFT Guide

International wire transfers to Vietnamese bank accounts are made possible through the SWIFT network. Remitters must use participating banks and provide accurate recipient details, including:

• Full name
• Account number
• SWIFT code: This unique identifier for the recipient’s bank, e.g., ICBVVNVX for VietinBank

Steps to Transfer Funds:

1. Choose a participating bank: Contact your local bank to inquire about SWIFT transfers to Vietnam.
2. Complete the remittance form: Provide the recipient’s details, including name, account number, and SWIFT code.
3. Provide additional information: The bank may request further details, such as the purpose of the transfer or supporting documents.
4. Authorize the transfer: Once the details are verified, authorize the bank to initiate the transaction.
5. Track the transfer: The bank will provide a tracking number or reference code to monitor the progress of the transfer.

Additional Instructions:

• The recipient’s bank may require additional information, such as their bank branch or a specific address.
• Ensure the accuracy of all details provided to avoid delays or errors.
• SWIFT transfers may incur fees from both the sending and receiving banks.
• Allow sufficient time for the transfer to be processed, which can vary depending on the banks involved and the amount being transferred.