VND to KRW: Vietnamese Dong to Korean Won Exchange Rate Guide (2026)
Live rate, conversion table, and complete guide for the Vietnam-Korea remittance corridor
Table of Contents
- Current VND/KRW Rate & Conversion Table
- The Vietnam-Korea Economic Corridor
- Samsung & Korean Manufacturing in Vietnam
- Factors That Affect the VND to KRW Rate
- Best Services to Send KRW to VND (Korea to Vietnam)
- Transfer Method Comparison Table
- State Bank of Vietnam (SBV) FX Regulations
- Frequently Asked Questions
1. Current VND to KRW Rate & Conversion Table
The Vietnamese Dong (VND) to Korean Won (KRW) exchange rate is one of Asia's most economically significant emerging-market currency pairs. Vietnam is South Korea's single largest destination for foreign direct investment — Korean companies have poured over $80 billion USD into Vietnam over the past two decades, creating a deep and multidimensional economic relationship. Vietnamese workers in Korea (one of the largest foreign worker communities in the country), Korean expatriates in Ho Chi Minh City and Hanoi, and the massive KRW repatriation flows from Korean factories in Vietnam all drive sustained demand for VND/KRW currency exchange.
As of May 15, 2026, the interbank mid-market rate is approximately 1 VND = 0.056744 KRW (equivalently, 1 KRW = 17.62 VND). The Vietnamese Dong is a managed currency — the State Bank of Vietnam (SBV) maintains a crawling peg against the USD within a narrow daily trading band (±5%). This means VND/KRW movements largely mirror USD/KRW movements, as the VND is effectively anchored to the USD while the KRW floats more freely.
VND to KRW Conversion Table
The table below shows live approximate conversions for common Vietnamese Dong amounts. Note the large nominal values typical of the Dong:
| Vietnamese Dong (VND) | Korean Won (KRW) — Approx. | Context |
|---|---|---|
| ₫100,000 VND | ₩5,674 KRW | Average daily wage in Vietnam (general labor) |
| ₫500,000 VND | ₩28,372 KRW | Budget lunch + dinner for a week in Korea |
| ₫1,000,000 VND | ₩56,744 KRW | 1 million VND — a typical small remittance |
| ₫2,000,000 VND | ₩113,489 KRW | Average monthly salary at Korean factory in Vietnam |
| ₫5,000,000 VND | ₩283,722 KRW | Mid-range Vietnamese professional monthly salary |
| ₫10,000,000 VND | ₩567,445 KRW | Large transfer (10M VND — major purchase/savings) |
Rates are approximate mid-market rates as of May 15, 2026. Actual amounts vary by provider and transfer method. Use our live VND/KRW calculator for real-time precision.
KRW to VND: Korean Won to Vietnamese Dong
For Koreans sending money to Vietnam (business payments, family support, investments), here is a KRW-to-VND reference table:
| Korean Won (KRW) | Vietnamese Dong (VND) — Approx. | Context |
|---|---|---|
| ₩100,000 KRW | ₫1,762,286 VND | Small personal transfer |
| ₩500,000 KRW | ₫8,811,430 VND | Monthly utility bill or groceries |
| ₩1,000,000 KRW | ₫17,622,860 VND | Monthly remittance to Vietnam family |
| ₩2,000,000 KRW | ₫35,245,720 VND | Significant personal/family support |
| ₩5,000,000 KRW | ₫88,114,300 VND | Large transfer (school fees, medical) |
| ₩10,000,000 KRW | ₫176,228,600 VND | Very large transfer (property, investment) |
2. The Vietnam-Korea Economic Corridor
The Vietnam-South Korea economic relationship is one of the most rapidly deepening bilateral partnerships in Asia. South Korea is Vietnam's largest investor (cumulative FDI stock exceeding $80 billion USD), largest trade partner in some categories, and the top source country for international marriages to Vietnamese nationals. The bilateral relationship operates simultaneously at the corporate level (Korean manufacturing giants), the government level (defense and diplomatic cooperation), and the deeply personal level (Vietnamese-Korean multicultural families).
Vietnamese Workers in South Korea
Vietnam is one of the top sending countries for South Korea's Employment Permit System (EPS). Approximately 200,000–250,000 Vietnamese nationals reside in South Korea as of 2025, making Vietnamese one of the two largest foreign national groups in the country. Vietnamese EPS workers are employed in Korean manufacturing, food processing, agriculture, and construction. Their monthly earnings (₩2,000,000–₩3,000,000 KRW) generate enormous and regular KRW-to-VND remittance flows that support Vietnamese rural family economies.
Vietnamese Spouses of Korean Nationals
Vietnam has been the single largest source country for international marriages to Korean nationals for over a decade. There are an estimated 70,000–90,000 Vietnamese spouses of Korean nationals living in Korea — creating an immense and stable bilateral people connection. Vietnamese-Korean multicultural families send money to Vietnamese relatives regularly, attend Korean language schools, and navigate the unique cultural intersection of Korean and Vietnamese family systems. This community also generates remittance flows from Korean husbands supporting Vietnamese in-laws.
Korean Expatriates in Ho Chi Minh City and Hanoi
South Korea maintains one of the largest expatriate communities in Vietnam, with an estimated 100,000–150,000 Korean nationals living in Vietnam. Korean expat hubs include:
- Ho Chi Minh City (Saigon): The Phu My Hung area and District 7 are known as "Korean town," with Korean restaurants, Korean-language schools, Korean churches, and Korean-owned businesses.
- Hanoi: Areas around the Ciputra International City and Long Bien district host large Korean expat communities associated with Korean manufacturing and business operations in northern Vietnam.
- Binh Duong and Dong Nai: Industrial provinces near HCMC with heavy Korean manufacturing presence, hosting large numbers of Korean factory managers and engineers.
These Korean expats maintain KRW income (often paid by Korean headquarters) while spending in VND locally, creating ongoing KRW-to-VND conversion demand.
Vietnam-Korea Trade and the VKFTA
The Vietnam-Korea Free Trade Agreement (VKFTA), in force since 2015, created preferential tariff access for Korean goods to Vietnam and Vietnamese goods to Korea. Bilateral trade now exceeds $80 billion USD annually, making Vietnam one of Korea's most important trade partners. Korean imports from Vietnam (electronics, clothing, footwear, wood products) and Vietnamese imports from Korea (machinery, electronics components, steel, plastics) generate continuous corporate-level VND/KRW transaction flows.
3. Samsung & Korean Manufacturing Giants in Vietnam
No examination of the VND/KRW economic relationship is complete without understanding the transformative role of Samsung Electronics — and the broader Korean manufacturing ecosystem — in Vietnam.
Samsung Vietnam: Vietnam's Largest Exporter
Samsung Electronics operates two massive manufacturing complexes in Vietnam:
- Samsung Display Vietnam (SDV) in Bac Ninh province (near Hanoi): Produces OLED and AMOLED displays for Samsung smartphones. Employs approximately 50,000+ Vietnamese workers.
- Samsung Electronics Vietnam (SEV) in Thai Nguyen province: The world's largest Samsung smartphone manufacturing facility, producing a significant share of all Samsung Galaxy phones. Employs approximately 60,000+ Vietnamese workers.
Combined, Samsung Vietnam employs over 100,000 Vietnamese workers and accounts for approximately 25%–30% of Vietnam's total national exports. This is an extraordinary concentration — Vietnam's integration into global supply chains is largely mediated through Samsung's presence. Samsung Vietnam's USD revenue repatriated to Samsung Korea HQ creates large-scale USD selling in Vietnam (strengthening VND against USD) and USD buying in Korea (affecting USD/KRW).
Other Korean Manufacturing in Vietnam
Beyond Samsung, the Korean manufacturing ecosystem in Vietnam is vast:
- LG Electronics: Operates a large display and electronics factory in Hai Phong and Binh Duong.
- Hyundai & Kia: Assembly plants in Ninh Binh and Chu Lai serving the Vietnamese automotive market.
- Korean tier-1 suppliers: Dozens of Korean auto parts, electronics, and packaging companies have established factories near Samsung and LG plants to serve the supply chain.
- Lotte: Significant retail, real estate, and food processing presence across major Vietnamese cities.
- Korean construction companies: Involved in major infrastructure projects including Vietnam's first urban metro lines.
This Korean manufacturing ecosystem employs hundreds of thousands of Vietnamese workers and Korean managers, generating sustained bilateral payroll and repatriation flows in both VND and KRW.
Vietnam as Korea's #1 FDI Destination
South Korea is Vietnam's largest cumulative foreign investor, with over $80 billion USD in registered investment capital across thousands of projects. New Korean FDI into Vietnam runs at $6–10 billion USD annually. This investment creates ongoing KRW-to-VND conversion flows: Korean companies must convert KRW (or USD from Korean banks) into VND to pay Vietnamese workers' salaries, buy local materials, and pay local suppliers — contributing to VND demand and supporting the Dong's value relative to the Korean Won.
4. Factors That Affect the VND to KRW Exchange Rate
State Bank of Vietnam (SBV) Managed Float Policy
The Vietnamese Dong operates under a managed float against the USD. The SBV sets a daily central reference rate for USD/VND, and commercial banks can trade within a ±5% band. This means VND rarely makes large sudden moves against the USD — the SBV intervenes to smooth volatility. The consequence for VND/KRW is that VND/KRW movements are mostly driven by the KRW (the floating side), not the VND. When the KRW weakens (e.g., during Korea export downturns), VND/KRW falls (KRW buys fewer VND). When KRW strengthens, VND/KRW rises.
Bank of Korea (BOK) Policy Rate
The BOK's interest rate decisions are the primary domestic driver of KRW strength, which in turn drives VND/KRW. BOK rate hikes strengthen KRW (each KRW buys more VND — good for Vietnamese workers converting KRW to VND). BOK rate cuts weaken KRW (Vietnamese workers get fewer VND per KRW — reducing their purchasing power back home).
Korea's Semiconductor Export Cycle
The KRW is highly correlated with Samsung's semiconductor revenue cycle. Strong semiconductor demand years (2021, H2 2024) boost Korean export earnings, strengthen KRW, and push VND/KRW higher — benefiting Vietnamese workers in Korea. Semiconductor downturns weaken KRW and reduce VND/KRW. Following Samsung's results and the global chip cycle gives useful guidance on expected KRW/VND direction.
Vietnam's Economic Growth and Trade Surplus
Vietnam's strong economic growth (consistently 6%–7% GDP growth) and trade surplus (boosted by Samsung and Korean manufacturer exports) generate USD inflows that support the Dong. When Vietnam runs large trade surpluses, SBV can maintain a stronger VND reference rate. Conversely, periods of high global commodity prices (Vietnam imports oil, fertilizer, animal feed) can create trade deficits that pressure the VND weaker.
Samsung's Vietnam Revenue Repatriation
Samsung's quarterly profit repatriation from Vietnam involves converting very large amounts of USD (generated by Samsung Vietnam's export sales) back to KRW. This corporate flow — converting USD to KRW — contributes to KRW demand and can provide a support floor for KRW during weak periods. For VND/KRW traders, Samsung's quarterly earnings and repatriation schedules are worth monitoring.
US-China Trade Relations and SEAP Supply Chain
Vietnam has been a major beneficiary of US-China trade tensions, as companies redirect manufacturing away from China to Vietnam ("China+1" strategy). Increased foreign manufacturing FDI into Vietnam — including from Korean, Japanese, and US companies — boosts USD inflows to Vietnam, supporting VND. Conversely, escalations in US-China trade disputes that also affect Korea's export markets can simultaneously weaken KRW, making the VND/KRW impact bidirectional.
5. Best Services to Send KRW to VND (Korea to Vietnam)
For Vietnamese workers in Korea, Korean expats in Vietnam, and the large Vietnamese-Korean family community, selecting the right transfer service for KRW-to-VND transfers can save significant money. Here are the top services:
1. Wise (Best Overall for Korea to Vietnam)
Wise offers the mid-market KRW/VND rate with a transparent fee of approximately 0.5%–1.0%. Wise delivers to major Vietnamese bank accounts including Vietcombank, BIDV, VietinBank, ACB, Techcombank, MB Bank, and VPBank. Transfers typically arrive in 1–2 business days. Wise is fully registered in Korea and operates under Korean financial services regulations. For Vietnamese workers in Korea sending money home, Wise consistently provides the best combination of rate and fee in the corridor.
Best for: Regular KRW-to-VND transfers, amounts above ₩500,000, anyone wanting the best rate with full transparency.
2. Remitly (Best for Speed and Promotions)
Remitly is highly rated among Vietnamese workers in Korea for its competitive rates, fast delivery, and frequent promotional offers (first transfer free, promotional bonus rates). Remitly delivers to all major Vietnamese banks and also offers cash pickup at thousands of VNPost and VietinBank locations across Vietnam — useful for families in rural provinces. Express delivery (within hours) is available at a small premium over the economy (1–3 day) rate.
Best for: First-time transfers (promotional rates), urgent transfers, families in rural Vietnam needing cash pickup.
3. VNPay International (Vietnam-Native Option)
VNPay is Vietnam's leading payment ecosystem, integrated with virtually every Vietnamese bank, ride-hailing service, and e-commerce platform. VNPay International allows the Vietnamese diaspora to send money from Korea directly to VNPay-linked accounts. The recipient can use received funds via VNPay QR at supermarkets, convenience stores, and bill payment kiosks across Vietnam. VNPay's fee structure for international transfers is competitive (typically 0.5%–1.5%) and growing rapidly in the Korea-Vietnam corridor as Vietnamese worker communities adopt it.
Best for: Families who actively use VNPay for daily spending in Vietnam, those who prefer a Vietnamese-app experience.
4. Korean Commercial Banks (Hana Bank, Shinhan Vietnam)
Some Korean banks have Korean-Vietnamese operations that facilitate KRW-to-VND transfers more efficiently than a standard SWIFT wire. Hana Bank (which owns a significant stake in BIDV, Vietnam's largest bank) and Shinhan Bank Vietnam (a significant retail bank in Vietnam) offer KRW-to-VND transfers through their networks with preferential rates for account holders. Fees are lower than international SWIFT wires but higher than Wise. Delivery to BIDV and Shinhan Vietnam accounts can be same-day or next-day.
Best for: Customers with Hana Bank or Shinhan accounts in Korea who also have BIDV or Shinhan Vietnam accounts; corporate transfers requiring bank-to-bank documentation.
5. Standard Korean Bank International Wire (Avoid for Personal Transfers)
Standard Korean bank SWIFT wires to Vietnamese banks carry fees of ₩25,000–₩40,000 plus a 2%–3% exchange rate markup, making them 3–5 times more expensive than Wise or Remitly for the same transfer. Vietnamese receiving banks also typically charge an inbound fee of ₫200,000–₫500,000 for SWIFT wires. Avoid for personal or OFW transfers — use Wise or Remitly instead.
6. Korea to Vietnam Transfer Cost Comparison
The table below compares what a Vietnamese family receives when an OFW or expat sends ₩1,000,000 KRW from Korea using different services (illustrative, based on current mid-market rates):
| Transfer Service | Exchange Rate | Fees (KRW) | VND Received* | Verdict |
|---|---|---|---|---|
| Wise | Mid-market | ~₩7,000 | ₫17,800,000+ | Best overall |
| Remitly (Economy) | Mid −0.5% | ~₩5,000 | ₫17,700,000 | Excellent for promos |
| VNPay International | Mid −1% | ~₩8,000 | ₫17,500,000 | Good VN-native option |
| Hana/Shinhan Bank | Mid −1.5% | ₩10,000 | ₫17,200,000 | Okay for bank customers |
| Korean Bank SWIFT Wire | Mid −3% | ₩30,000 | ₫16,300,000 | Avoid |
*Illustrative figures based on approximate VND/KRW mid-market rates. Actual amounts vary significantly by provider and date. Vietnamese receiving bank charges not included. VND amounts shown are large due to the Dong's nominal scale — 17,000,000 VND ≈ $680 USD.
7. State Bank of Vietnam (SBV) FX Regulations for Inbound Transfers
Receiving Money in Vietnam: What You Need to Know
Vietnam's State Bank of Vietnam (SBV) governs all foreign exchange transactions in Vietnam. For inbound remittances from Korea:
- Receiving in VND: Overseas remittances received by Vietnamese individuals are automatically converted to VND by the receiving bank at the bank's buying rate. Individuals can request to receive in USD if they have a licensed foreign currency account.
- No tax on received remittances: Vietnam does not tax inbound remittances. Vietnamese families receiving money from workers abroad receive the full amount with no income tax deduction.
- Reporting threshold: Transfers above $10,000 USD equivalent (approximately ₩13,000,000 KRW) must be declared on customs forms when physically carrying cash. Electronic transfers via licensed banks have no such threshold for reporting within Vietnam, but sending services must comply with AML rules.
- Authorized institutions: Only SBV-licensed banks and SBV-authorized payment service providers can legally receive international remittances in Vietnam. All services listed in this guide operate through SBV-licensed Vietnamese bank partners.
Sending Money Out of Vietnam: Capital Controls
While inbound transfers to Vietnam are unrestricted, outbound transfers from Vietnam face more controls. Vietnamese residents can only freely send money abroad for approved purposes (education, medical, business travel, emigration). Large unauthorized outbound transfers require SBV approval. This means Vietnamese workers earning KRW in Korea and sending home are on the inbound side (unrestricted) — but if they return to Vietnam and want to send Korean savings abroad, SBV rules apply.
SEAP Corridor Considerations
Vietnam participates in various Southeast Asia Payment (SEAP) initiatives aimed at enabling regional payment interoperability. Korea-ASEAN financial cooperation frameworks, including the Chiang Mai Initiative Multilateralisation (CMIM) and ASEAN+3 Macroeconomic Research Office (AMRO) arrangements, provide regional financial safety net support. While these institutional frameworks do not directly affect retail remittances, they underpin the regulatory environment that keeps the Korea-Vietnam corridor open, regulated, and cost-competitive.
8. Frequently Asked Questions
Q: What is the current VND to KRW exchange rate?
As of May 15, 2026, the live mid-market rate is approximately 1 VND = 0.056744 KRW (or 1 KRW = 17.62 VND). Because the Dong has large nominal values, it is more useful to think of it as: 1,000 VND = 56.74 KRW. Check FXKRW's live VND/KRW calculator for the most current rate.
Q: What is the best way to send money from Korea to Vietnam?
Wise offers the best exchange rate and transparent fees for KRW-to-VND transfers — typically saving ₩10,000–₩30,000 per ₩1,000,000 transferred compared to bank wires. Remitly is an excellent alternative with frequent promotions and fast delivery. For families who prefer a Vietnamese app experience, VNPay International is growing rapidly in the corridor.
Q: How many Vietnamese people live and work in South Korea?
According to Korean Immigration Service data, approximately 200,000–250,000 Vietnamese nationals reside in South Korea, making them consistently the largest or second-largest foreign national group. This community includes EPS factory workers, Vietnamese spouses of Korean nationals (the largest source of multicultural marriages in Korea), students, and professionals. This large community generates one of the highest-volume KRW-to-VND remittance corridors in Korea.
Q: Are there taxes on remittances received in Vietnam from Korea?
No. Vietnam does not impose income tax on inbound remittances from abroad. Vietnamese families receiving KRW-sourced transfers from relatives working in Korea receive the full amount with no tax deduction. The SBV does require that all inbound transfers come through licensed banking channels — which all major remittance services (Wise, Remitly, VNPay) use — but the transfers themselves are not taxed.
Q: Why does Samsung Vietnam matter for the VND/KRW rate?
Samsung Electronics employs over 100,000 Vietnamese workers across its factories in Bac Ninh and Thai Nguyen provinces. Samsung Vietnam accounts for approximately 25%–30% of Vietnam's total exports. When Samsung repatriates profits from Vietnam to Korea, it converts large amounts of USD (earned from export sales) into KRW — supporting KRW demand. During strong Samsung earnings quarters, this repatriation flow can modestly strengthen KRW against VND (pushing VND/KRW lower). Samsung's quarterly results and global smartphone shipment data are therefore relevant indicators for VND/KRW direction.
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