East Asia & Pacific · GDP rank #30
Vietnam
VN · VND @ 0.0000379/USD
Tab 05
Cross-border
Inbound and outbound remittance corridors, tourism flows, FX markup on retail cross-border, and the country's posture on stablecoin adoption. Corridor figures come from the World Bank RPW feed or the publishing central bank; both are cited when they disagree.
Reported inbound corridors
4 corridors
Reported outbound corridors
1 corridor
Avg. consumer FX markup
Trend · compressing
Top inbound corridors
- United States$7.4B
4.6% cost
- Japan$2.5B
4.2% cost
- Korea, Republic of$2.2B
4.1% cost
- Taiwan$800.0M
5.1% cost
Top outbound corridors
- Cambodia$180.0M
5.3% cost
FX cost
What consumers pay above the interbank
Retail FX markup is the spread between the mid-market rate and the rate the consumer receives — the single largest friction point in small-ticket cross-border.
Wise VN plus Remitly plus bank-corridor digitisation driving compression; legacy Western Union still dominates US corridor.
Consumer FX markup vs 3% ceiling
Benchmark 3% is the G20 target for average remittance corridor cost; above the mark is expensive by policy standard.
Trend · compressing
World Bank Remittance Prices Worldwide
Crypto not legally recognised for payments; SBV and MoF exploring regulatory framework. Informal P2P USDT use remains significant per Chainalysis 2024 Vietnam ranking (top-5 globally).