Into October 14, 2009. Paypal accepted Vietnam to send, receive, withdraw money to local banks.  But these functions are having some problems and will be fixed bugs by paypal team in next time. But this is good news for commercial of Vietnam. Congrats to Vietnam.

There are some policies updated of paypal:

Policy Updates

PayPal is a business that serves a new and exciting market. As that market changes, our business evolves. This page is dedicated to informing users in advance of important changes to the PayPal service, its User Agreement or other policies.

Amendment to PayPal User Agreement and Payments policy

Notice date: September 10, 2009

Effective date: October 14, 2009

Beginning Effective date: October 14, 2009, the PayPal User Agreement, Payments policy and buyer protection policy will be modified to include several new currencies as holding currencies and add additional withdrawal countries and the related fees and charges have been modified to include these new currencies. New currencies include: Filipino Peso, Taiwanese Dollar, Thai Baht, Malaysian Ringgit, Argentinean Peso, and Brazilian Reais. Bank account withdrawal countries being added include Vietnam, Malaysia, Argentina, and Brasil. Several of these currencies are restricted currencies and not all PayPal features will be available with regards to a restricted currency and not all customers will have access to restricted currencies.