To make import/export payments to Vietnam, use a licensed digital remittance service with fees from $5 per transfer and rates 0.5–1% from mid-market. Australia-Vietnam trade exceeds $20 billion annually, and digital services reduce payment costs by 60–80% while settling in 1–2 business days.
📌 Key Takeaways
- Pay import/export partners in Vietnam from $5 per transfer — save 60–80% vs bank TT fees
- Australia-Vietnam trade volume exceeds $20 billion annually
- Settlement in 1–2 business days with full trade compliance documentation
- Support for deposit payments, balance on delivery, and recurring orders
Your Guide to Import Export Payment Vietnam
First, Vietnamese factories typically close for 2-3 weeks during Tet (Lunar New Year). Therefore, importers must finalize orders and payments well before the holiday. Specifically, most factories require full payment by mid-January to guarantee pre-Tet production and shipping.
Moreover, exchange rates often fluctuate during this period as demand for VND increases. Consequently, timing your cross-border trade transaction to Vietnam can save thousands of dollars.
Payment Methods for Trade for Import Export Payment Vietnam
| Method | Fee | Speed | Best For |
|---|---|---|---|
| EzyRemit ⭐ | 0% first transfer | 1-2 days | Direct supplier payments |
| Trade Finance (LC) | 1-3% | 5-15 days | New supplier relationships |
| Bank Wire (TT) | $25-45 | 3-7 days | Large orders $100K+ |
| PayPal Business | 4.4% | Instant | Small sample orders |
Step-by-Step Import Payment Process for Import Export Payment Vietnam
To process cross-border trade transaction to Vietnam smoothly, follow this workflow:
- Confirm order with supplier — Agree on payment terms (deposit + balance).
- Register on EzyRemit — Create a business account at ezyremit.com.
- Send deposit (30-50%) — Lock the AUD/VND rate and transfer within 24 hours.
- Pay balance before shipment — Factory confirms production completion and provides packing list.
- Keep records — Download transfer receipts for customs declarations and ATO reporting.
Pre-Tet Payment Calendar
Additionally, here is the recommended timeline for import payments:
- November: Place orders and send deposits. Lock in favorable FX rates.
- December: Follow up on production milestones. Send progress payments.
- Early January: Finalize balance payments. Ensure all funds reach factories before Tet shutdown.
- Late January: Factories close for Tet. No production or shipments during this period.
Documentation Requirements
Furthermore, proper documentation is essential for trade payments:
- Commercial invoice from your Vietnamese supplier.
- Packing list for customs clearance in Australia.
- Bill of lading once goods are shipped.
- Transfer receipt from EzyRemit for ATO records.
Compliance and Documentation
Importantly, cross-border trade transaction to Vietnam requires thorough documentation for customs, tax, and banking compliance. Every EzyRemit transfer generates comprehensive transaction records that satisfy Australian Border Force requirements, ATO foreign payment reporting obligations, and Vietnamese customs valuation standards. These records include timestamp, amount in source currency, VND equivalent, exchange rate applied, and recipient banking details.
In addition, Australian businesses engaged in regular cross-border trade transaction to Vietnam should maintain a structured payment filing system. EzyRemit’s downloadable transaction history allows you to export comma-separated value files for direct import into accounting software such as Xero, MYOB, or QuickBooks. This automation eliminates manual data entry errors and ensures your import export financial records are always audit-ready.
Furthermore, the bilateral trade agreement between Australia and Vietnam under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership provides reduced tariff rates on many product categories. Combining these tariff advantages with EzyRemit’s superior exchange rates and zero first-transfer fees creates a powerful cost advantage for Australian importers competing in the domestic market against higher-priced alternatives.
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
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Frequently Asked Questions
What documents do I need for import/export payments to Vietnam?
Standard trade payments require commercial invoice, purchase order, and recipient bank details (account number + SWIFT code). For amounts over $10,000 AUD, AUSTRAC reporting is automatic.
Can I pay for customs duties to Vietnam digitally?
Digital services support supplier payments and partner settlements. Customs duties are typically paid by your Vietnamese customs broker separately, funded from your supplier payment arrangement.
How do I handle FX risk for large trade payments?
Lock in rates using forward contracts offered by some providers. For spot transfers, send during market hours (8am–4pm AEST) for the best AUD/VND rates. Split large orders into milestone payments to average your exchange rate.