How to Get Paid from Abroad for Logistics and Export in Vietnam

Introduction

Vietnam's strategic location, low-cost labour, and good infrastructure have made it vital in global logistics and exports. Vietnamese logistics and export firms play a very significant role in the nation's economy as they take responsibility for international freight for clients across the globe and shipping containers of textiles. However, foreign payments to Vietnamese logistics companies do not match the velocity of goods and services moving within the country. You may have experienced payment delays, unexpected fees, or compliance issues if you are running or working with a Vietnam-based logistics or export firm and are facing challenges in receiving international payments. We shall look at how this can be overcome with an appraisal of the best tools available and strategies used by leading players in logistics to future-proof their cross-border finances.

Why Payment Is a Bottleneck for Vietnam's Export Industry

Your operations can be stalled if you can move freight quickly but wait 7 to 10 days to get paid. This is why payment has become the bottleneck in Vietnam's export industry. These are the biggest challenges with cross-border payments related to Vietnam's export services.

International wire transfers take too much time
Unpredictable losses due to foreign exchange
Low options for foreign currency accounts
Complicated documentation for compliance
No client-friendly payment methods are available

The traditional banking system is dependable but tends to focus more on bigger businesses, leaving the smaller, nimbler logistics companies needing better payment solutions somewhat neglected.

How do Logistics Companies in Vietnam receive International payments?

These are some ways in which Vietnamese export and logistics companies receive international payments. However, not all are the best.

SWIFT Bank Transfers (Wire Transfers)

5 to 10 days for transfer
Hidden fees of intermediary banks
Markups on exchange rates
Very difficult to keep track of the status of a transaction

Accounts in Foreign Currency

Companies may open foreign currency accounts (like USD or EUR) for receiving and keeping payments, which might be good, but:

Not all banks offer this service to small or medium businesses
Regulatory approvals can be complex
Conversion rates and fees can vary significantly

Fintech Payment Solutions

Modern exporters are increasingly turning to digital platforms designed for international commerce. These platforms provide:

Faster settlement times (within 1 to 2 business days)
Lower, transparent fees
Better FX rates
Payment tracking and automation features

Why Timely Payment Matters in Logistics

The logistics industry operates on tight margins and stringent timelines. Therefore, delayed payments can have a seriously damaging impact on:

Cash flow, especially when pre-paying for fuel, shipping costs, or port duties
Project cycles since suppliers wait for fund clearance
Relationships with partners and subcontractors

Receiving payments is not enough; maintaining smooth operations is. Therefore, finding secure and efficient payment options for Vietnam exporters is as crucial as tracking their shipments.

Case Example: A Vietnam Freight Forwarding Firm

Think of a freight forwarding company in Ho Chi Minh City that ships electronics for a German tech firm. They had these problems before:

The client made payments through SWIFT, so there was a waiting period of 5 to 7 days. The German bank charged €35, and the Vietnamese bank charged $30 for their fees. Conversion to VND incurred another 2.5% in unfavourable FX rates. The final receivable amount was about $900, short of the invoice total.

Today, they can send a USD invoice and have it paid within 48 hours using BizPay, saving well over $150 per transaction.

Get clear splits with no secret costs.

For companies in a big-volume field like shipping, this is a big-changer.

How to Start With a Better System

Here's how export and shipping businesses in Vietnam can improve their international payment systems:

Make Your Invoicing Normal

Use invoicing tools that help with world currencies and give clear tax details.

Start a Multi-Currency Payment Gateway

Let clients pay in USD, EUR, or any currency they wish, and funds will be reflected directly in your bank account.

Opt for a Reputable Fintech

Choose platforms focusing on export or service payments, low fees, substantial compliance, and excellent customer support.

Why BizPay Is a Wise Choice for Vietnam Exporters

BizPay from TransFi is made for businesses that deal with the world, like those who offer shipping services or exporters. Here's how BizPay makes it easier to get foreign money in Vietnam:

- Take payments in USD, EUR, GBP, or SGD

- Money goes into your local bank within 24 to 48 hours

- Small transparent fees with current FX conversion

- Invoicing and payment links included

- Follows global rules

With BizPay, you do not have to explain complex wire instructions to your clients- send them a payment link, and you're set.

Conclusion: Make International Payments Your Strength, Not a Struggle

Vietnam's logistics and export industry is booming- payment systems must catch up. Delayed payments can hold up the entire operation, destroy vendor trust, and limit growth potential. The great news is that there is no longer any need to rely on archaic SWIFT transfers and high-fee bank routes. With more innovative and faster global payment methods, Vietnamese exporters can do what they do best: move the world.

FAQs

How should I receive foreign payments in Vietnam for logistics services?

Use platforms like BizPay, which allow you to receive USD or EUR directly into your bank with lower fees and faster settlement times than SWIFT.

Do I need a foreign currency account to accept international payments?

No, not necessarily. Tools like BizPay enable you to automatically collect foreign currency and convert it into VND.

How long do international wire transfers to Vietnam usually take?

Bank wires typically take 5 to 10 business days. However, modern fintech solutions may be able to complete this transfer within 1 to 2 days.

Are digital payment platforms safe for export businesses?

Sure! All regulated fintech platforms offer secure and compliant services, often with better transparency than traditional banking systems.

Can I send clients a payment link instead of bank details?

Of course. With tools like BizPay, you can generate a payment link in seconds—no SWIFT code is required

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