📈 South Korea to Vietnam Money Transfer Snapshot Today
- Best KRW to VND exchange rate today: VND 17.6006, offered by Airwallex
- Number of money transfer providers compared: 2
- Exchange rate range: VND 17.6006 to VND 17.0783
- Potential savings on KRW 1000: VND 522.30
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real KRW to VND exchange rate before providers add their margin or fees. exchange rate: 1 KRW = VND 17.8234 (Updated about an hour ago)
See detailed South Korea to Vietnam money transfer comparison below.
South Korea to Vietnam money transfer providers that matched the search criteria
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What these rates mean for sending money to Vietnam from South Korea today
Compare top-rated money transfer providers to find the best way to remit money to Vietnam from South Korea. Check today's KRW to VND exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 2 providers for South Korea to Vietnam money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Vietnam from South Korea
🥇 Airwallex with 1 KRW = 17.6006 VND (best KRW to VND exchange rate today).
🥈 Skrill Money Transfer offering 1 KRW = 17.0783 VND.
The 2 providers compared today offer exchange rates from VND 17.0783 to VND 17.6006. On a KRW 1000 transfer from South Korea to Vietnam, that spread means up to VND 522.30 in potential savings — simply by choosing the right provider.
South Korean Won to Vietnamese Dong exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much VND your recipient receives in Vietnam.
Compare the providers above to maximize every KRW you send to Vietnam. The best South Korean Won to Vietnamese Dong transfer rate changes daily, so comparing today matters.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from South Korea.
👇 There is more to a great transfer than today's KRW to VND exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Vietnam from South Korea.
Whilst South Korean Won to Vietnamese Dong exchange rate is crucial, historical data shows that transfer fees, KRW amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of South Korea to Vietnam remittance data to show you exactly where costs arise, and the best practices that maximize your VND payout on every transfer.
Cost insights to remit money from South Korea to Vietnam (data-backed)
When you send money internationally from South Korea to Vietnam, the following 4 key factors determine how much your recipient actually receives:
- KRW to VND exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Vietnam the maximum VND payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from South Korea to Vietnam urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for KRW to VND money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 548 actual South Korea to Vietnam money transfers handled by 13 providers over the last 5 years (for a KRW 240000 remittance benchmark).
This analysis of real South Korean Won to Vietnamese Dong transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every South Korean Won you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from South Korea to Vietnam
- Average total cost: 3.95% (range -1.28% to 10.10%, spread 11.38 percentage points)
- Potential payout difference: On a KRW 240000 transfer, the above variation can save you up to KRW 27,312.00.
- Average FX markup: 0.74% (range -2.53%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 2.91%, spread 5.44 percentage points) - Average transfer fee: KRW 7,705.14 (range KRW 0.00 to KRW 21,801.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (3.83% avg cost); most expensive is Debit Card → Bank Deposit (5.84%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 2.01% (KRW 4,814.64 on KRW 240000 transfer).
- Market coverage: ~13 providers on average (competition level: competitive)
- Average speed: About 52 hours (~2.2 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Vietnam from South Korea.
📈 KRW to VND Exchange Rate: The biggest factor when you send South Korean Won to Vietnamese Dong
The exchange rate on your South Korea to Vietnam money transfer is the single biggest factor determining your overall KRW cost — and how many Vietnamese Dong your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on South Korean Won to Vietnam transfers:
- Average markup: 0.74%
- Median markup: 0.95%
- Lowest markup: -2.53%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 2.91%
That is a spread of 5.44 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a KRW 240000 transfer, that spread is VND 13,056.00 in differences purely from the exchange rate. On a KRW 595000 transfer, that gap grows to VND 32,368.00.
🛠️ How to use this insight: When comparing providers for South Korea to Vietnam remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The KRW to VND exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from South Korea to Vietnam
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your South Korean Won actually reaches your recipient in Vietnam.
Based on 5 years of pricing data, here is what we see on South Korean Won to Vietnam money transfer fees:
- Average fee: KRW 7,705.14
- Median fee: KRW 7,000.00
- Lowest fee: KRW 0.00
- Highest fee: KRW 21,801.00
The average fee of KRW 7,705.14 represents 3.21% of a KRW 240000 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to KRW 21,801.00.
🛠️ How to use this insight: For your next money transfer from South Korea to Vietnamese Dong, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower KRW to VND exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a KRW 200 transfer, a KRW 5 fee is 2.5% of your total amount. On a KRW 2,000 transfer, that same fee is just 0.25%. If you send smaller South Korean Won to Vietnamese Dong transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your KRW to VND transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Vietnam from South Korea
Based on our analysis of historical South Korea to Vietnam remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when South Korean Won to Vietnamese Dong exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Vietnam from South Korea:
- Bank Account Transfer: 3.87%
- Cash: 5.07%
- Credit Card: 5.84%
- Debit Card: 5.84%
That is a spread of 1.97 percentage points.
👉 On a KRW 240000 transfer, this means you could save up to KRW 4,723.20 simply by choosing a lower-cost payment method.
These savings increase further for larger KRW transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from South Korea to Vietnam:
- Bank Deposit: 3.85%
- Cash Pickup: 5.17%
This is a difference of 1.32 percentage points.
👉 On a KRW 240000 transfer, you could save up to KRW 3,173.04 by choosing Bank Deposit instead of Cash Pickup.
Different combinations of payment methods in South Korea and delivery methods in Vietnam can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for South Korea to VND money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Bank Deposit | 3.83 |
| Cash | Cash Pickup | 5.05 |
| Cash | Bank Deposit | 5.23 |
| Bank Account Transfer | Cash Pickup | 5.47 |
| Credit Card | Bank Deposit | 5.84 |
| Debit Card | Bank Deposit | 5.84 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these KRW to VND payment and delivery options is significant.
- Lowest cost: Bank Account Transfer → Bank Deposit (3.83%)
- Highest cost: Debit Card → Bank Deposit (5.84%)
- Difference: 2.01 percentage points
👉 On a KRW 240000 transfer, you could save up to KRW 14,016.00
👉 On a KRW 595000 transfer, savings increase to KRW 34,748.00
Here is a quick summary of the average historical cost of various payment and delivery methods for KRW to Vietnam money transfers.
💸 Cheapest Payment & Delivery Methods to send KRW to VND transfers (data-backed)
- Cheapest payment method: Bank Account Transfer (3.87%) vs Debit Card (5.84%)
- Cheapest delivery method: Bank Deposit (3.85%) vs Cash Pickup (5.17%)
- Cheapest combination: Bank Account Transfer → Bank Deposit (3.83%) vs Debit Card → Bank Deposit (5.84%)
🛠️ How to use this insight: As you compare money transfer providers for your next South Korea to Vietnam international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your South Korea to Vietnam remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for South Korea to Vietnam money transfers?
When we compared South Korea banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
Interestingly, for South Korea to Vietnam remittances, traditional banks are 0.48 percentage points cheaper on average than money transfer providers.
This means money transfer companies tend to be approximately 0.89x more expensive than banks on average.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | KRW 7,507.83 | KRW 8,578.41 | KRW -1,070.58 |
| Exchange rate markup | 0.73% | 0.76% | -0.03 pp* |
| Average total cost (%) | 3.86% | 4.34% | -0.48 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Historical data shows that banks in South Korea can be competitive. However, pricing still varies by provider, transfer amount, and method — so comparing options can still be beneficial.
📊 Does sending more money reduce the cost to remit money from South Korea to Vietnam?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending KRW 240000 vs KRW 595000 from South Korea to Vietnam.
We found that sending a higher amount (KRW 595000) is typically cheaper — average cost drops from 3.95% to 2.14%, a reduction of 1.81 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher South Korean Won amounts to Vietnam, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Vietnam from South Korea?
Based on data from the last 5 years, South Korean Won to Vietnamese Dong money transfers are provided on an average by 13 remittance companies. With this number of providers, we consider the level of market competition to be competitive.
Traditional banks have represented 53.8% of active providers in this corridor (7 out of 13), suggesting a bank-heavy market structure.
Banks and money transfer providers have had a fairly balanced presence in this corridor: banks account for 53.8% of providers (7 out of 13).
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your South Korea to Vietnam remittances.
This is why comparing providers is especially important when you transfer money from South Korea to Vietnam.
⏱️ How fast can you transfer South Korean Won to Vietnamese Dong?
If your recipient in Vietnam needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for South Korea to Vietnam transfers:
- Average transfer time: About 52 hours (~2.2 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at KRW 240000: About 52 hours (~2.2 days).
- Average speed at KRW 595000: About 52 hours (~2.2 days).
Banks vs money transfer providers speed comparison: Banks take 14 hours longer on average than money transfer providers.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer KRW to Vietnam.
🛠️ How to use this insight: If you need to send money from South Korea to Vietnam in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Vietnam.
Transfer speed for South Korea to Vietnam money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Vietnam from South Korea
These FAQs use data from RemitFinder's historical analysis of South Korea to Vietnam money transfers over several years.
What factors affect the total cost of sending money from South Korea to Vietnam?
The total cost of your South Korean Won to Vietnamese Dong money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Vietnam from South Korea?
Historical South Korean Won to Vietnamese Dong exchange rate markup ranges from -2.53% to 2.91%, a spread of 5.44 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send South Korean Won to Vietnam?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative KRW to VND remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to Vietnam from South Korea?
Exchange rate markup ranges from -2.53% to 2.91% (a spread of 5.44 percentage points).
Transfer fees range from KRW 0.00 to KRW 21801.00, which equals roughly 9.08% on a KRW 240000.00 transfer.
At KRW 240000.00, the larger driver of overall cost is the transfer fee, whilst at KRW 595000.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for South Korea to Vietnam money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger KRW amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most VND for your KRW.
How much can costs vary between providers when sending money from South Korea to Vietnam?
Historical transfer cost ranges from -1.28% to 10.10% for KRW transfers to Vietnam. That is a spread of 11.38 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.53% to 2.91% (a spread of 5.44 percentage points). Thus, even small differences in FX margin can have a big impact on the final VND payout.
Why do Money Transfer Providers charge different rates for South Korean Won to Vietnamese Dong money transfers?
If you send the same South Korean Won amount to Vietnam via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final VND payout in Vietnam in a big way.
How stable are the costs to remit money to Vietnam from South Korea?
When we analyzed the historical total cost for KRW to VND transfers, we observed a range from -1.28% to 10.10% (11.38 percentage points difference), along with a variability (standard deviation) of 2.02%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.53% to 2.91% (5.44 percentage points difference), with a standard deviation of 0.52%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your South Korean Won to Vietnamese Dong transfers.
Which Payment Method is the cheapest to send money from South Korea to Vietnam?
Bank Account Transfer is the cheapest payment method in South Korea based on its average cost at 3.87% (compared to Debit Card at 5.84%, a difference of 1.97 percentage points).
Based on this, we recommend paying for your KRW transfer with Bank Account Transfer, and avoiding Debit Card if possible.
Is Debit Card cheaper than Credit Card when you transfer money to Vietnam from South Korea?
Credit Card is cheaper on average when sending money to Vietnam from South Korea since it costs 5.84% (compared to 5.84% for Credit Card payments, a difference of 0.00 percentage points).
As a result, we recommend that you avoid paying for your transfer to Vietnam with a Credit Card.
Which Delivery Method is cheapest when you remit money to Vietnam from South Korea?
Bank Deposit is the cheapest delivery method in Vietnam as it costs 3.85% (compared to Cash Pickup at 5.17%, a spread of 1.32 percentage points).
If your recipient in Vietnam can accept Bank Deposit, we recommend choosing it as your preferred delivery option for South Korean Won to Vietnamese Dong transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Vietnam from South Korea?
Bank Deposit is cheaper for South Korean Won transfers to Vietnam given its 3.85% average cost (versus 5.17% for Cash Pickup, a difference of 1.32 percentage points).
To save more, consider choosing the cheapest delivery option for Vietnam.
What is the cheapest way to send money from South Korea to Vietnam?
We evaluated 6 payment and delivery method combinations for South Korea to Vietnam remittances.
Based on historical data, Bank Account Transfer → Bank Deposit is the cheapest combination with 3.83% cost.
At the other end of the spectrum, Debit Card → Bank Deposit is the most expensive combination at 5.84% cost. That is a difference of 2.01 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for South Korea to Vietnam remittances differently. As you compare options, look for the cheapest combination to maximize the value of your KRW to VND transfers.
Does sending more money reduce the cost to transfer money to Vietnam from South Korea?
Larger South Korean Won to Vietnamese Dong transfers are cheaper on average.
The cost of a KRW 240000 transfer averages 3.95% as compared to 2.14% for a KRW 595000 transfer, a difference of 1.81 percentage points.
How long does it take to send KRW to VND money transfers?
Based on our analysis, the average transfer time for South Korean Won to Vietnamese Dong transfers is 52 hours (~2.2 days), with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Can you instantly transfer money from South Korea to Vietnam?
Yes, historical data shows that some transfers to Vietnam from South Korea can complete in less than one hour.
Note that the actual speed of your KRW to VND transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for South Korea to Vietnam remittances?
Banks in South Korea are competitive and can be cheaper than money transfer providers.
The average cost of banks is 3.86% compared to 4.34% for money transfer providers in South Korea, a difference of -0.48 percentage points.
How competitive is the market for sending money from South Korea to Vietnam?
Based on historical data, the competition level in South Korea to Vietnam is considered competitive with 13 active providers.
Money transfer providers represent about 46.2% of identified providers in South Korea.
Can you overpay if you do not compare providers before transferring money to Vietnam from South Korea?
Historically, total KRW to VND transfer cost has varied by 11.38 percentage points. On a KRW 240000 transfer, that can translate to KRW 27312.00 in savings.
South Korean Won to Vietnamese Dong exchange rate markup also varies across providers. The average markup spread has been about 5.44 percentage points. On a KRW 240000 transfer, that could be KRW 13056.00 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about KRW 21801.00 across providers.
That is why comparing providers can materially change how much of the KRW you send your recipient receives in Vietnam.
Latest Exchange Rates for Sending Money to Vietnam from South Korea
Here are some latest KRW to VND (South Korean Won to Vietnamese Dong) exchange rates for popular conversion amounts*.
| 1 KRW | 17.82 VND |
| 5 KRW | 89.12 VND |
| 10 KRW | 178.23 VND |
| 25 KRW | 445.59 VND |
| 50 KRW | 891.17 VND |
| 100 KRW | 1,782.34 VND |
| 150 KRW | 2,673.51 VND |
| 200 KRW | 3,564.68 VND |
| 250 KRW | 4,455.85 VND |
| 300 KRW | 5,347.02 VND |
| 400 KRW | 7,129.36 VND |
| 500 KRW | 8,911.70 VND |
| 600 KRW | 10,694.04 VND |
| 700 KRW | 12,476.38 VND |
| 800 KRW | 14,258.72 VND |
| 1000 KRW | 17,823.40 VND |
| 1500 KRW | 26,735.10 VND |
| 2000 KRW | 35,646.80 VND |
| 2500 KRW | 44,558.50 VND |
| 3000 KRW | 53,470.20 VND |
| 4000 KRW | 71,293.60 VND |
| 5000 KRW | 89,117.00 VND |
| 10000 KRW | 178,234.00 VND |
| 15000 KRW | 267,351.00 VND |
| 20000 KRW | 356,468.00 VND |
| 30000 KRW | 534,702.00 VND |
| 40000 KRW | 712,936.00 VND |
| 50000 KRW | 891,170.00 VND |
| 100000 KRW | 1,782,340.00 VND |
*Based on the Mid-market Exchange Rate
1 Based on 548 pricing observations across 13 firms over the last 5 years for a KRW 240000 money transfer from South Korea to Vietnam. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the South Korea to Vietnam remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.