Money Transfers from Russia to Vietnam: how it works in Vietnam — first-hand

VTB Bank's exchange rate can be unfavorable, especially on weekends, with weekday rates around 1 RUB to 298-300 VND and weekend rates around 289 VND. Transfers can be done via the bank's app by selecting 'transfers to another country' and then 'transfer via QR code'. Local money changers may sometimes offer even better rates. Using services like 'Zolotaya Korona' for dollar transfers which then convert to VND in Vietnam can also be an option. Some users have reported success using the Sberbank app to transfer to BIDV via SWIFT codes (BIDVVNVX) or QR codes, with fees around 6% for a 2000 RUB transfer resulting in 629,500 VND. However, Ozon and Tinkoff have had issues with international transfers.

Options may include: Using cryptocurrency platforms like Binance or Bybit to send funds to a local Vietnamese account. Some P2P (peer-to-peer) services might facilitate transfers. Direct bank transfers can be difficult. Some individuals offer informal money exchange services where RUB is transferred to their Russian account, and VND is provided in cash in Vietnam. However, be cautious and verify the trustworthiness of such services. For large sums, consider alternative payment arrangements or consult with financial experts specializing in international transfers.

Input the account number and the SWIFT code BIDVVNVX. Transfers via QR code generated from the BIDV app are also a fast method, often completing within a minute. For a 2000 RUB transfer, the fee was approximately 6%, resulting in 629,500 VND received.