How to make foreign remittances from Taiwan to Vietnam?

Taiwan is a country also known as the dragon of Asia in terms of economy, this is also the country that Vietnamese people choose to export the most labor.

Because of this, Vietnamese employees in Taiwan frequently send money to their loved ones back home; this amount is very high annually and can exceed $1 billion USD.

In this article, let's find out how to send money to Vietnam from Taiwan from our expatriates.

The current economic and political situation of the two countries

At the present time, both are having unsettled days when they are disturbed, harassed and harassed by their noisy neighbor China.

China's cow's tongue policy has caused people in Vietnam but also in other Southeast Asian countries headaches when they have to find a way to solve and deal with this great power.

Also facing the same problems as above, Taiwan has never been out of sight of China in wanting to regain its sovereignty and annex the country into Mainland China.

However, China has never fulfilled its aspirations politically as well as economically. The world currently still appreciates goods from Vietnam and Taiwan more than goods from Mainland because of the Vietnamese craftsmanship as well as the prestige and success in the market of the Taiwanese.

So why not combine the strengths of these two countries together to create goods that are both quality and reputable in the market and are not suspected of plagiarism? That answer has been proved by the fact that many Vietnamese workers have chosen Taiwan as their ideal working destination.

That answer has been proved by the fact that many Taiwanese businesses prefer labor from Vietnam. And in the opposite direction, Vietnamese people also like the working environment in Taiwan for reasons such as the geographical location not too far away, close Asian culture as well as the friendliness of these Taiwanese people.

How to make foreign remittances from Taiwan to Vietnam?

Send money to Vietnam thanks to a close colleague

It has been incredibly easy to send money from Taiwan to Vietnam thus far. Due to Taiwan's proximity to Vietnam geographically, Vietnamese workers there frequently assist and support one another by sending money to the family of a close coworker.

Send money international bank to Vietnam

Transferring money from Taiwan to Vietnam via bank is also quite safe and easy, as long as your family has a bank account in Vietnam, after completing the transfer procedures in Taiwan, from 1 – 2 days your family will receive the money.

When sending money, you need to enter full and detailed information about the recipient:

• Bank account name:

• Bank name:

• Bank branch:

• Bank branch address:

• Bank account holder receiving money:

• Recipient's address:

Send money to Vietnam through companies specializing in international money delivery.

MoneyGram

MoneyGram is the second largest money transfer service provider in the world. It offers domestic and international money transfer, bill payment, mobile recharge and prepaid card recharge services for people who do not have a bank account or want to use an alternative service.

The partnership enables FinFan customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories. The connection will especially benefit consumers who send money to Vietnam worldwide.

Faster, safer, and cost-effective is what should be said about this real-time money transfer service platform. Through a single API payment gateway, every transaction of the customer is processed faster and more efficiently. Besides, it also helps FinFan-MoneyGram maintain a low cost of transactions as well as improve the customer experience.

With the support of the FinFan's Ewallet Aggregator product, senders can send money from the Taiwan directly to popular e-wallet accounts in Vietnam, such as MoMo, ZaloPay, VNPay, etc., in just three simple steps.

If the recipient does not have an e-wallet account, the sender can choose the cash-pickup method at a bank or send the money directly to the recipient's bank account in Vietnam (if the recipient has a bank account).

Send money to Vietnam through some online remittance services

WorldRemit

WorldRemit is a digital money transfer service with a mission to make money transfers faster, more transparent, and affordable. As a digital service with no physical presence, they can reduce operating costs so that your senders benefit from it.

Over the last ten years, WorldRemit has grown to serve 5.7 million customers, using 70 different currencies, across 130 countries worldwide. With various options for sending transfers to loved ones overseas, including bank transfer, mobile money, and cash pickup, WorldRemit’s made it convenient for you to send money, and for your family and friends to receive it. 95% of our transfers are ready in minutes, and with more than 125,000 five star reviews, you can be sure that your money is in safe hands.

With the support of the FinFan's Ewallet Aggregator product, senders can send money from the Taiwan directly to popular e-wallet accounts in Vietnam, such as MoMo, ZaloPay, VNPay, etc., in just three simple steps.

If the recipient does not have an e-wallet account, the sender can choose the cash-pickup method at a bank or send the money directly to the recipient's bank account in Vietnam (if the recipient has a bank account).

This article was curated and authored by FinFan's market research and development team, alongside our marketing department.

About FinFan

FinFan is a cross-border embedded financial services company that focuses on mass disbursement, fund collection, card processing, IBAN, and digital APMs solutions, which can provide valuable input and integration on and for the same.

FinFan is already integrated with almost the world's well-known MTOs, PSPs, switch, and core fintech platforms such as Money Gram, Thunes, Qiwi, Remitly, World Remit, Bancore, PaySend, Terrapay, Ria Money Transfer (Euronet), Dlocal, Ripple, TripleA, FoMo Pay, Wings, etc.

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