How to transfer money from Vietnam to Hong Kong for businesses

1. Why do Hong Kong businesses need to transfer money to Vietnam?

Business payments and Trade settlements

Hong Kong is one of Vietnam’s top trading partners. Many Vietnamese companies transfer funds to pay suppliers, purchase raw materials, or settle invoices with partners in Hong Kong.

Investment and Capital allocation

Businesses and investors often send money to Hong Kong for portfolio diversification, opening subsidiaries, or participating in investment projects due to Hong Kong’s open financial market.

Service payments and Royalties

Companies in Vietnam frequently remit payments for consulting, software licensing, or professional services provided by Hong Kong-based firms.

Tuition fees and Living expenses

With Hong Kong being a popular education hub in Asia, Vietnamese students and parents often transfer money to pay for tuition and living costs.

Personal remittances

Individuals may send funds to family members or relatives living or working in Hong Kong, supporting personal or household needs.

Digital and E-commerce settlements

As cross-border e-commerce expands, Vietnamese merchants transfer funds to settle transactions with Hong Kong-based platforms or logistics partners.

Financial and Banking operations

Businesses may transfer money for liquidity management, account funding, or other legitimate banking activities through regulated channels.

2. How to transfer money from Vietnam to Hong Kong?

2.1. Traditional banks (SWIFT)

This is the conventional method, but it is often the most expensive and slowest for international payments.

Disadvantages: Banks charge a fixed transfer fee, and you may also incur intermediary bank fees that are deducted mid-transfer. The exchange rate margin they apply is generally higher than fintech services.

2.2. International e-wallets

Digital wallets like PayPal, Google Wallet, and others have gained popularity for their ease of use and speed. Users can send money to recipients in Vietnam who have linked their bank accounts or cards to their digital wallets. This method is often faster than traditional bank transfers but may still come with service fees.

2.3. Fintech Payment Platforms

Fintech companies have revolutionized the international money transfer landscape. Platforms like TransferWise (now Wise), Revolut, and 9Pay offer competitive exchange rates, lower fees, and faster transfers. These platforms leverage technology to deliver a user-friendly experience, making transferring money from Vietnam to Hong Kong easy and efficient.

3. 9Remit: Cross-border payment solution for Hong Kong businesses

9Remit is a cross-border payment service developed by 9Pay (a fintech company licensed by the State Bank of Vietnam), 9Remit acts as a vital bridge for Hong Kong businesses that need to make or receive payments related to their operations, suppliers, or partners in Vietnam.

For Hong Kong businesses, especially those involved in manufacturing, e-commerce and education, sourcing from Vietnam, 9Remit solution is the perfect choice:

Fast, Same-Day Settlement (T+0)

Traditional international transfers (SWIFT) can be slow. 9Remit, through direct integration with Vietnam's local banking networks, enables same-day fund arrival (T+0), often within hours. This speed is crucial for meeting supplier payment deadlines and managing cash flow efficiently.

Cost Optimization and Transparency

By minimizing reliance on multiple intermediary banks, 9Remit typically offers:

Competitive FX Rates: Transparent, real-time exchange rates.

Lower Fees: Reduction of hidden charges and intermediary fees common in traditional cross-border methods (SWIFT).

Compliance and Security

As a licensed entity, 9Remit provides a regulated and secure channel for B2B transactions, ensuring adherence to both Vietnamese and international financial regulations such as AML (Anti-Money Laundering), PCI DSS and KYC standards. This simplifies the complex compliance requirements that foreign businesses often face when operating in Vietnam.

Supporting B2B Operations

The platform is designed for corporate users, allowing Hong Kong companies to handle:

Supplier Payments: Paying manufacturers, vendors, and logistics providers in Vietnam.

Outsourcing/Payroll: Disbursing salaries or service fees to overseas employees or service providers.

High Volume Transactions: The system is built for the high transaction volumes and frequency required by large enterprises and payment service providers.

Support 24/7: Our team of technical and product operation experts are available to support customers 24/7 (including weekends and most holidays).

Contact us now

• Website: 9Pay.vn

• Hotline: 1900 88 68 32 (Support 24/7)

• Email: business@9pay.vn

4. Frequently asked questions

4.1. How long does it take to transfer money to Vietnam?

With 9Remit, transfers to Vietnam can typically be completed on the same day (T+0), much faster than the 2–5 business days required by traditional bank transfers.

4.2. What are the costs for sending money to Vietnam with 9Remit?

9Remit offers a transparent pricing model with competitive costs for sending money to Vietnam.

4.3. Is there a limit on transfer amounts?

9Remit supports both large and small transfers, with no minimum transaction amount. Businesses can set payment amounts flexibly according to their needs, while still complying with Hong Kong and Vietnam’s regulatory requirements.

4.4. What payment methods are available for Hong Kong businesses?

9Remit offers the following payment methods to transfer money from Vietnam to Hong Kong: 

Transfer to international bank account

International e-wallet

Debit/Credit card.

4.5. Latest HKD to VND conversion rate

Here are some latest VND to HKD (Vietnamese Dong to Hong Kong Dollar) exchange rates for popular conversion amounts.

1,000 VND	0.30 HKD
2,000 VND	0.60 HKD
5,000 VND	1.50 HKD
10,000 VND	3.00 HKD
20,000 VND	6.00 HKD
50,000 VND	15.00 HKD
100,000 VND	30.00 HKD
200,000 VND	60.00 HKD
500,000 VND	30.00 HKD

4.6. Is it safe to transfer money with 9Remit?

9Remit strictly complies with anti-money laundering and anti-fraud regulations, we have implemented the best multi-layer security measures to protect customers' money. We are licensed as a payment intermediary by the State Bank of Vietnam. In addition, the entire money transfer process is transparent, helping customers know exactly where their money is going and when it will arrive. With these measures, you can trust us to provide safe and secure money transfer services.