Who sends money from Singapore to Vietnam
Common senders: Work Permit and S Pass holders supporting families, EP holders sending savings, and students' families.
Worked example: sending 1,000 SGD
Using the ExchangeRate-API rate on 2026-10-08, 1 SGD = 20,287.21 VND, our estimate model gives these results for sending 1,000 SGD:
| Provider | Est. fee | Est. received | Total cost vs mid-market |
|---|---|---|---|
| Wise | 7.28 SGD | 20,139,520 VND | 147,687 VND |
| Revolut | 3.00 SGD | 20,125,213 VND | 161,993 VND |
| Remitly | 0.00 SGD | 20,043,760 VND | 243,446 VND |
| Western Union | 6.40 SGD | 19,754,242 VND | 532,965 VND |
| Bank wire (typical) | 25.60 SGD | 19,273,739 VND | 1,013,468 VND |
In this example Wise delivers roughly 865,781 VND more than a typical bank wire. Rates move daily and providers change pricing, so treat this as an illustration from our model; the live calculator above and the provider's own quote are what count. See how we estimate.
Sending to Vietnam: what to know
- Payout options: bank account (e.g. Vietcombank, BIDV, Techcombank) and, on some providers, cash pickup or home delivery.
- Bank delivery to major Vietnamese banks is widely supported and often arrives the same day.
- Home cash delivery exists in parts of Vietnam but usually costs more than a bank deposit.
Rules and limits
In Singapore: Cross-border money transfer providers in Singapore must be licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act. You can check any provider in the MAS Financial Institutions Directory.
In Vietnam: Inward remittances to individuals in Vietnam are generally exempt from personal income tax. Recipients can receive VND, or foreign currency through authorised banks, under State Bank of Vietnam rules.
How to pick the cheapest option
- Compare the amount received, not the fee. "Zero fee" offers usually hide their cost in the rate. How markups work.
- Small amounts: watch fixed fees. Large amounts: watch the markup.
- Avoid intermediary deductions. SWIFT wires can lose $10–30 in transit. Why.
Frequently asked questions
What is the cheapest way to send money from Singapore to Vietnam?
It depends on the amount and the day's pricing. This page calculates, at today's mid-market rate, how much VND each provider delivers for 1,000 SGD; the top row is currently the cheapest by our estimate.
How much more does a bank wire cost for 1,000 SGD?
Using the reference rate on 2026-10-08, our model puts the gap at about 865,781 VND versus the cheapest option. Rates and pricing change daily.
How can my recipient in Vietnam receive the money?
Common payout options are bank account (e.g. Vietcombank, BIDV, Techcombank) and, on some providers, cash pickup or home delivery. Availability differs by provider, so check before you send.
How long does it take?
Digital services usually take minutes to 1–2 business days; bank wires often take 2–5 business days.