Drawing on ethnographic field research on female sex workers and male clients in Ho Chi Minh City, Vietnam’s global sex industry, this paper complicates our understanding of human trafficking in two ways. First, introducing the term perverse humanitarianism, the paper extends work on carceral feminism by offering concrete examples of interagency commitments between NGOs and the police. Second, my ethnography reveals that women framed their relationships with male clients as mutually beneficial because the men provided them with alternate pathways to economic mobility outside of sex work. Drawing on the same tropes of victimhood employed by the NGOs, sex workers elicited sympathy from male clients that they leveraged into gifts of money. Using men’s charitable gifts, many women became small entrepreneurs who opened local businesses and empowered other sex workers far beyond what NGOs were able to provide.