Wednesday, February 13, 2008

Send money to Vietnam

If you want to send money to your friend or family in Vietnam, there are some available options:


- Western Union: (http://www.westernunion.com/)
Most of the banks in Vietnam are agents of these two companies so it will be very easy for your friend in Vietnam to receive money from you. You only need to know your friend's exact name, address and Identification number. After you send money through these websites and give your friend the secret numbers (Western Union: 10 numbers. Moneygram: 8 numbers), he/she will go to a bank in Vietnam and submit the information to receive the money. It only takes 5 minutes since you send the money until your friend can receive it in Vietnam. This is the most popular way to send money to your friend or family in Vietnam.


With Xoom, you can also send money to your friend in Vietnam quickly. However, it is only partnered with a few banks in Vietnam such as VIB bank, Sacombank.... Therefore, please check their cash pick up locations before sending money to your friend to make sure that it is convenient for your friend to receive money. Free delivery to your friend's home if he/she is living in Ho Chi Minh city.


This is also a good way to send money to your friend. You only need to know your friend's email. Your friend can withdraw money to her/his bank account or credit/debit card.
This offers the same services as Paypal but Paypal does not allow people in Vietnam to withdraw/ fund money from/ to Paypal account. So please do not send money to your friend in Vietnam by Paypal at the moment. Please check again with Paypal at http://www.paypal.com/ if they change the policies for Vietnam.


- Bank transfer
You are also able to send money to your friend in Vietnam by bank transfer. You need to know your friend's bank account name, number and information of the bank where the account is opened. It is a safe but slow way to send money.
Beside above methods, if you need to send money to a business in Vietnam, you can also use credit card payment. Most of the businesses in Vietnam cannot accept credit cards online so they will send you some documents called Authorization letter and Approval letter for you to fill in. You'll also need to give them all your credit card information and the copy of your credit cards. This is definitely not a safe way to send money so please only use it if you could not use the above options. Moneybookers is a good way in this case.


Hopefully, the information is helpful to you. Please give me your comment or ask me if you have any question.

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