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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Our recommendation: Wise
We tested & reviewed 6 money transfer providers offering money transfers from Singapore to Vietnam, and Wise scored highly.
In total, Wise appeared in 62.5% of Singapore to Vietnam searches, and was the top rated company supporting transfers between SGD and VND.
For a great mix of cost, speed & features, we recommend making your Singapore to Vietnam transfer using Wise.
How to send money from Singapore to Vietnam
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Dong from Singapore.
- Choose a provider
Select the provider offering the best way to send to Vietnam based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Dong will soon be on their way to Vietnam.
Summary of recent searches
Understanding Singapore to Vietnam money transfers
Comparing providers when sending money from Singapore to Vietnam is the easiest way to make a transfer at the best price.
We’ve compared 6 providers for sending Singapore Dollar to Vietnam. This ensures you will get the best options for your transfer to Vietnam from Singapore.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Singapore to Vietnam.
Cheapest way to transfer money to Vietnam from Singapore: Instarem
Of the 6 providers compared, data shows that Instarem is 0.7% cheaper than the second-best option.
The is cost is made up of an average SGD-VND exchange rate that is 0% different to the mid-market rate and an average fee of 5,558.67* SGD.
If you want to secure the best rates on a SGD to Vietnam transfer, Instarem will result in the most Dong received.
*The most common fee applied to SGD-VND by Instarem, based on data from the past six months.
Fastest way to send money to Vietnam from Singapore: Wise
Our comparison shows Wise is the fastest option for sending Singapore Dollar into Dong 70% of the time. For urgent SGD to VND money transfers, they’re our recommended choice.
A SGD-Dong transfer through Wise comes with an average 7.15 SGD fee.
To ensure Wise was the 'fastest' option we compared 6 providers. This comparison was for overall speed of sending money from Singapore to Vietnam and is a combination of depositing Singapore Dollar, transfer times to Vietnam and withdrawal timeframes where applicable.
When speed is a priority, Wise is the top choice for sending into Vietnam from Singapore.
Transfer a large amount of money
Wise is the best rated company for sending large amounts of Dong to Vietnam out of 6 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to Vietnam from Singapore has the potential to be very expensive.
Wise is our choice for big transfers to SGD because of all round price, speed and management when making large transfers.
Understanding the cost of sending money from Singapore to Vietnam
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore to Vietnam.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Dong for your Singapore Dollar. The current SGD-VND mid-market rate is 19,024.3898 VND per Singapore Dollar.
This rate changes regularly so it can pay to track it. For comparison, the SGD-VND mid-market rate for the past three months has averaged 18,834.0623 VND per Singapore Dollar, with a low of 18,686.9559 and a high of 18,935.0383.
Wise is currently offering the best exchange rate from the 6 companies compared.
Often the SGD-VND exchange rate you pay is the biggest cost factor when transferring Singapore Dollars to Vietnam.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Singapore Dollar you’re sending to Vietnam. Instarem currently has the lowest fees for transfers into VND at an average of 5,558.67 SGD over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Dong is the biggest indicator of the total cost of sending money to Vietnam from Singapore. The bigger the amount received in Vietnam, the lower the overall cost of sending from Singapore.
How to find the best exchange rate for Singapore Dollar to Dong
Timing is essential for sending money between SGD and VND. The exchange rate you secure impacts how much VND you get for your SGD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from SGD to VND has seen some fluctuation. On average, it stood at 18,834.0623.
During this period, the highest value recorded was 18,935.0383, while the lowest was 18,686.9559.
Wise, which is our recommended service to send money online from Singapore to Vietnam offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best SGD-Dong exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Singapore to Vietnam!
How to pay for money transfers between Singapore and Vietnam
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Singapore to Vietnam.
Using a money transfer company such as Instarem for transfers from Singapore to Vietnam, will mean being able to send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers of the 6 we compared for transfers from SGD to Vietnam.
To send money from Singapore to Vietnam, Instarem has an average fee of 7,145.29 SGD.
Debit cards and prepaid options
Sending money from Singapore to Vietnam with a debit card or a prepaid card is very simple with Wise.
Wise is the cheapest option for sending money with a debit card between Singapore and Vietnam. This is of the 6 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Singapore to Vietnam, Instarem emerges as our top choice of the 6 companies offering this service.
Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Vietnam and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Vietnam.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to VND.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
