how to send a big amuont of cash into vietnam saigon?

happysin Active member

25POSTS

13 years ago

Hi everyone,

Anyone got any idea how to sent a big amuont of cash into saigon?
i thought of doing a business here, so need about 800k sgd.
i was thinking of transfering 800k sgd from sin to here.
how can i do that?
pls advise.
TIA

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visavn2013 Active member

52POSTS

13 years ago

You can use Western union

VungTauDon Serial expat

684POSTS

13 years ago

Best to set up a bank account with one of the international banks and do bank to bank transfers. You can also open a forex account and do the same i believe.

Budman1 ViP

1612POSTS

13 years ago

VTD has got the right idea for a start.

Western Union??? good grief 800K SGD is almost 650,000USD.....

VungTauDon Serial expat

684POSTS

13 years ago

I believe the most you can transfer in per day (without valid business) is either 5,000 or 7000 USD per day. I usually withdraw money from my bank in the US on my bank credit/ATM card at Vietcombank.

Budman1 ViP

1612POSTS

13 years ago

VTD don't use the VCB ATM's, Techno ATM's gives you up to 20 mil VND in one withdrawl. Last time I looked VCB only gave 2 mil VND at a pop. I use a US bank/debit card also.

VungTauDon Serial expat

684POSTS

13 years ago

I don't use the ATM's (usually) I go inside and take out 40 million at the counter in 1 transaction.
Didn't know that about the Techno ATMs, I will see if i can find one in Vung Tau and check it out.

Budman1 ViP

1612POSTS

13 years ago

Shouldn't be to hard there are about 25 of them in VT:

VungTauDon Serial expat

684POSTS

13 years ago

Duhh, I forgot about those, I used to use them when i was with HSBC

hELLnoi ViP

1274POSTS

13 years ago

#10

1 Bank Charges for transfers
2 Exchange Rate used to trasfer USD
both are negotiable with Premier accounts as the amount is substantial
3 Government Restriction (Sing and Viet): anti money laundering

Parmyd Serial expat

334POSTS

13 years ago

#11

Check out Citibank in Singapore. You can transfer directly from Citibank Singapore to Citibank Vietnam for no fee. Currently the global transfers are not working for transfers coming form the States, UK, and Germany.

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