The most cost-effective way to make business payments to Vietnam is through licensed digital remittance services, with fees from $5 per transfer and rates 0.5–1% from mid-market. With Australia-Vietnam bilateral trade exceeding $20 billion annually, businesses switching from bank wires save 60–80% on transfer fees while receiving SWIFT-equivalent compliance.
📌 Key Takeaways
- Pay Vietnamese business partners with fees from $5 per transfer — save 60–80% vs bank wires
- Vietnam is Australia’s 12th-largest trading partner with $20+ billion in bilateral trade
- Licensed services provide SWIFT-equivalent compliance with faster settlement
- Transfers complete in 1–2 business days vs bank wires at 3–5 days
Types of Business Payment to Vietnam
First, business payments to Vietnam fall into several categories:
- Supplier payments: Paying for goods, raw materials, and manufactured products.
- Payroll: Salaries and bonuses for Vietnamese staff or contractors.
- Service invoices: IT outsourcing, BPO, design, and consulting fees.
- Trade finance: Letters of credit, deposits, and milestone payments.
Comparing Business Payment Providers for Business Payment Vietnam
| Provider | Fee | AUD/VND Rate | Speed | Compliance |
|---|---|---|---|---|
| EzyRemit ⭐ | 0% first | 18,142 | 1-2 days | AUSTRAC ✅ |
| Wise | 1.5% | 17,950 | 1-3 days | ASIC ✅ |
| OFX | $0 | 17,800 | 1-3 days | ASIC ✅ |
| CBA/NAB/ANZ/WBC | $25-45 | 17,200 | 3-7 days | APRA ✅ |
How to Make Business Payments Efficiently for Business Payment Vietnam
To streamline business payment to Vietnam, follow these best practices:
- Compare total cost: Look at fee + FX rate combined, not just one or the other.
- Batch similar payments: Group supplier payments on the same day to save time.
- Save beneficiaries: Register regular recipients to speed up future transfers.
- Set rate alerts: Lock in favorable AUD/VND rates when they spike.
- Keep records: Download all transfer confirmations for tax and compliance.
Tax Deductibility for Business Payments for business payment Vietnam
Moreover, business payment to Vietnam is typically tax-deductible in Australia. Key points:
- Supplier payments: Fully deductible as cost of goods sold (COGS).
- Contractor payments: Deductible as operating expenses. Maintain invoices and contracts.
- Transfer fees: Bank charges and FX costs are deductible business expenses.
- Withholding: Some payments may require withholding tax. Consult your accountant.
Seasonal Payment Considerations
Additionally, the business payment calendar for Vietnam has critical dates:
- Pre-Tet (January): Factories close for 2-3 weeks. Complete all payments early.
- Year-end (December): Bonus payments due. Plan transfers well ahead.
- Q1/Q2: Post-Tet ramp-up. New orders require prompt deposits.
EzyRemit Business Account Benefits
Importantly, EzyRemit’s business account provides features specifically designed for recurring business payment to Vietnam. These include batch payment uploads for paying multiple suppliers simultaneously, dedicated account managers for high-volume senders, and customized reporting for accounting integration. Business accounts also enjoy priority processing during peak periods, ensuring your Vietnamese partners receive funds within one to two business days consistently.
In addition, EzyRemit maintains partnerships with all major Vietnamese banks including Vietcombank, BIDV, Agribank, Techcombank, and VPBank. This extensive banking network ensures your business payment to Vietnam arrives reliably regardless of which bank your supplier or employee uses. The platform also supports detailed payment references, allowing you to include invoice numbers and purchase order references that appear on the recipient’s bank statement for easy reconciliation.
Furthermore, regulatory compliance is built into every business transaction. EzyRemit automatically generates transaction records that satisfy both Australian Taxation Office requirements and Vietnamese State Bank reporting obligations. This dual compliance capability eliminates the administrative burden of maintaining separate records for different jurisdictions, saving your finance team significant time during quarterly and annual reporting cycles.
Related EzyRemit Resources
- Why Choose EzyRemit — Compare rates, fees, and features
- Business Payment Solutions — For companies and SMEs
- Online Support — Get help with your transfer
Author: EzyRemit Team | About EzyRemit | Contact Us | AUSTRAC Licensed | Updated: 01/2026
Related: Australia to Vietnam Complete Guide
Frequently Asked Questions
Can I use digital services for B2B payments to Vietnam?
Yes, licensed services like EzyRemit support business-to-business payments to Vietnam. You need to provide ABN verification and the Vietnamese company’s bank details including SWIFT/BIC code.
Are business transfers to Vietnam tax-deductible?
Yes, legitimate business payments (supplier invoices, contractor fees) are tax-deductible business expenses. Keep transfer receipts showing amount, date, recipient, and purpose for your accountant.
What is the maximum amount for business transfers to Vietnam?
Standard limits range from $10,000–100,000 per transaction for verified business accounts. For larger amounts, contact your provider for enterprise-tier processing.