SUNRATE’s Vietnam Collection Account: A Game-Changer for Cross-border Businesses

As Vietnam continues to emerge as one of Southeast Asia’s fastest-growing economies, opportunities for cross-border trade are expanding rapidly. According to the latest data from Vietnam’s Ministry of Industry and Trade, the country’s import value reached nearly USD 332 billion in the first nine months of 2025 — an 18.8% year-on-year increase. China remains Vietnam’s largest import source, accounting for USD 134.4 billion, up 27.9% compared to the same period last year. 

Behind this surge lies Vietnam’s growing reliance on Chinese-made goods, and even more importantly, the long-term potential of China–Vietnam trade cooperation. Yet, like many emerging markets, doing business in Vietnam often comes with challenges such as settling in small currencies and slow cross-border remittances which are common hurdles for many exporters. 

To address these challenges and meet the growing demand for secure, compliant, and efficient payment solutions, SUNRATE is pleased to introduce its Vietnam Collection Account. This new solution enables businesses to receive payments directly in Vietnamese Dong (VND), helping them accelerate fund flows, reduce costs, and avoid the operational risks associated with informal remittance methods.

Simplify Cross-Border Collections  

To truly establish a foothold in the Vietnamese market, having great products alone isn’t enough as businesses will also need a payment solution that’s purpose-built to meet varying collection needs. 

With the introduction of the collection account in Vietnam, SUNRATE’s payment solutions now cover five key Southeast Asian markets: Singapore, Indonesia, Thailand, the Philippines, and Vietnam. This will help empower businesses to seize the region’s growing trade potential with confidence as every business transaction from Vietnam can now be settled smoothly, securely, and efficiently via SUNRATE’s solutions. 

Why Choose SUNRATE's Vietnam Collection Account?

1. Hassle-free onboarding, real-time activation

• After registering for a SUNRATE account and completing the necessary verification steps, you’ll own this collection account online — with zero setup and no account maintenance fees.

• Your account can be activated in real time, ready to use immediately to capture market opportunities.

2. Local currency settlement, faster payouts

• Receive funds directly in VND, optimising payment routes and reducing transaction costs.

• Connected to Vietnam’s local clearing network, enabling buyer payments to arrive as fast as T+0.

• Quote directly in VND to simplify pricing negotiations with local buyers and avoid payment delays or underpayments caused by exchange rate fluctuations.

3. Global reach, one platform

Leverage on benefits tailored for e-commerce business needs such as:

• Corporate card payments, instant withdrawals, and global supplier payouts — all in one place.

• 130+ supported currencies and payouts to 190+ countries and regions worldwide.

4. Secure, compliant, and reliable

• Licensed in key markets such as Singapore, Indonesia, and Malaysia, and supported by regional offices in Vietnam and beyond, SUNRATE is well-positioned to provide localised solutions that are fully recognised and supported by regulatory authorities.

• Through strategic collaborations with trusted and licensed banks, financial institutions and industry partners, SUNRATE ensures that every transaction is processed safely and in line with both local and international regulatory standards. This robust network not only enhances fund security but also gives businesses confidence when managing cross-border payments.

Expanding Across Southeast Asia with Innovation 

As Southeast Asia’s economy continues to surge, opportunities for global trade are growing rapidly. SUNRATE is expanding its regional presence to support businesses with efficient, secure, and compliant payment infrastructure.  

Complementing its strong infrastructure, SUNRATE offers flexible payment solutions that cater to a wide range of business scenarios — from traditional B2B transactions to e-commerce operations. By integrating seamlessly with major online platforms, SUNRATE helps enterprises streamline their collections and expand effortlessly within Southeast Asia’s fast-growing markets. 

As Vietnam continues to open its economy and attract global trade, SUNRATE’s Vietnam Collection Account empowers businesses to capture new opportunities with faster, simpler, and more reliable payment solutions. 

To get started and partner with a solutions provider that can help your business optimise payments and help you scale both locally and globally, open a SUNRATE account today or contact our sales team.