Demand for international money transfer of Vietnamese people for purposes such as study abroad, settlement, transfer to relatives, etc. is increasing rapidly, especially for studying abroad when Vietnam is in the top among the list of countries having the largest number of students studying abroad.
Grasping that demand, banks have recently implemented money transfer services more professionally and attracted more customers through simple procedures at counters, quickly handled transactions and ensured safety.
Recently, Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) said that the number of international money transfer transactions of individual customers in this bank in 2018 increased by over 500 percent compared to 2017. The amount of foreign currency can transfer money to foreign countries to 135 different currencies.
To continue attracting customers, in quarter 1/2019, the bank will allow international money transfer via Internet Banking. According to this bank’s leader, it will maximise convenience to customers in terms of transaction time and procedures, thereby contributing to further boost the bank’s international money transfer service.
Currently, money transfer activities of other banks are also very active, and many big banks have allowed transferring money via internet banking since a few years ago. Like other services, since this segment still has a lot of development space, bringing good profit through fee collection, banks also race to launch promotions to attract customers, in which the common discount is up to 30-50 percent.
