Is it safe to send money from Mongolia to Vietnam through online services?
Yes, it is generally safe to send money online from Mongolia to Vietnam using trusted international platforms. Look for services with encryption, customer support, and regulatory licenses in both Mongolia and Vietnam to ensure your transfer is secure.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
Can I send money from Mongolia to Vietnam on weekends or holidays?
Yes, you can initiate a transfer from Mongolia to Vietnam anytime, including weekends and public holidays. However, depending on the service, delivery to Vietnam may be delayed until the next business day, especially for bank transfers.
Will the recipient in Vietnam need identification to receive money from Mongolia?
Yes. If you're sending money from Mongolia to Vietnam for cash pickup, the recipient in Vietnam must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Mongolia is securely delivered in Vietnam.