Last reviewed: · Curated by Ohmyfin Organisation editorial.
Japan hosts the world's largest Vietnamese technical trainee and skilled-worker population — over 500,000 Vietnamese in Japan as of 2024 — making this one of the most significant Intra-Asia remittance corridors. JPY payments route from Japanese banks (MUFG, SMBC, Mizuho) via BOJ-NET and SWIFT to a Vietnamese bank (Vietcombank, Techcombank, BIDV), settling via the SBV's IBPS. JPY is converted to VND via USD. The SBV requires FX registration for amounts above USD 10,000; Japan's JFSA applies AML screening. Japan is 2 hours ahead of Vietnam, providing a good business-day overlap. SWIFT GPI coverage has improved significantly in this corridor. Track your UETR on Ohmyfin.
Settlement path: BOJ-NET (Bank of Japan) → SBV IBPS. Currency pair: JPY → VND.
The three most common causes of delay on this corridor are: (1) SBV inward FX registration for amounts above USD 10,000, (2) JPY-to-VND conversion via USD intermediate step at the correspondent, and (3) BOJ-NET early cut-off (16:30 JST) — Vietnam is 2 hours behind Japan.
If the payment has not arrived within 3 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC shown on the Ohmyfin GPI tracker.
Most SWIFT transfers on the Japan–Vietnam corridor credit the beneficiary within 1 business day. In 95% of cases the payment arrives within 3 business days. The most common delay is sbv inward fx registration for amounts above usd 10,000.
The three most common delay causes are: SBV inward FX registration for amounts above USD 10,000; JPY-to-VND conversion via USD intermediate step at the correspondent; BOJ-NET early cut-off (16:30 JST) — Vietnam is 2 hours behind Japan.
Track the UETR on Ohmyfin — the GPI status shows exactly which bank is holding the payment. If delayed beyond 3 business days, ask your sending bank to file an MT199 payment enquiry citing the UETR and the holding bank's BIC.
The dominant settlement path is BOJ-NET (Bank of Japan) → SBV IBPS. The currency pair is JPY → VND.
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