Moolahgo, a Major Payment Institution licensed and regulated by the Monetary Authority of Singapore (MAS), has officially launched its Vietnamese Dong (VND) Virtual Bank Account, further expanding its award-winning multi-currency treasury infrastructure that already supports 14 currencies including Indonesia Rupiah (IDR) and Philippine Peso (PHP). 

As Vietnam emerges as one of Asia’s fastest-growing economies, businesses globally are seeking to access the 100 million strong market more efficiently. However, one of the greatest barriers to trade has been the difficulty of transacting in the VND currency due to local banking restrictions. Moolahgo’s new VND Virtual Account aims to remove that barrier by enabling businesses to invoice and collect payments directly in the local Vietnamese currency — easily, securely, and cost-effectively. 

Simplifying VND Transactions for SMEs, E-Commerce, and Corporates 

Whether you are a Small-to-Medium sized Enterprise (SME) targeting prospective clients in Vietnam, an e-commerce seller expanding into the Vietnamese market, or a large enterprise managing regional treasury operations, the Moolahgo VND Virtual Account is designed to simplify your financial workflows. 

With Moolahgo’s VND Virtual Account, businesses can: 

• Invoice Vietnamese clients directly in VND and receive payments real-time through domestic networks such as NAPAS and CITAD. 

• Avoid currency conversion risks and inefficiencies, allowing Vietnamese buyers to pay directly in VND, instead of incurring hefty FX charges by banks and credit cards. 

• Leverage Moolahgo’s award-winning neoBank treasury system for a consolidated view of incoming sales and outgoing payments, enabling improved cash flow management and accurate forecasting. 

Digitalising Central Bank Compliance 

Clearing VND payments has long been a complex process, especially with stringent local compliance requirements. As part of its commitment to both compliance and improving the customer experience, Moolahgo has also launched a Banking Request for Information platform (www.bank-rfi.com) which enables secure 24/7 submission of required documents and digitalizing regulatory data, to ensure faster fund delivery. 

Built for Financial Institutions, Scaled for ASEAN Trade 

Moolahgo’s technology and regulatory framework underpin a robust, secure payment ecosystem, that is trusted by global financial institutions to process high-volume, high-frequency cross-border transactions. Its VND Virtual Account solution allows financial institutions to offer this service to their own customers, leveraging Moolahgo’s proven multiple award-winning payment technology infrastructure. 

“In today’s challenging economic landscape, businesses need smarter, faster and more transparent payment tools. Our VND Virtual Account solution gives businesses the ability to trade confidently with Vietnam, levelling the playing field by reducing transaction costs, improving cash flow and simplifying compliance.” – John Hakim, CEO, Moolahgo

Driving ASEAN Financial Inclusion Through Technology 

By opening up access to the Vietnamese market, Moolahgo supports ASEAN economic integration and financial inclusion, especially for SMEs traditionally underserved by large financial institutions. With its full suite of multi-currency virtual accounts, real-time FX, and seamless cross-border payment capabilities, Moolahgo is setting a new standard in borderless finance. 

For more information or to sign up for a Vietnamese Dong Virtual Account, please email marketing@moolahgo.com