💰 Money in Vietnam: Complete Guide for Travelers 🇻🇳

Money in Vietnam

THE Vietnam, a Southeast Asian country that has so much to offer: from the bustling streets of Hanoi to the tranquil beauty of Ha Long Bay to the verdant rice fields of Sapa. However, before venturing into this country, you must familiarize yourself with its monetary system. Do not panic ! We have everything you need to peacefully navigate the world of dong, the Vietnamese currency.

Getting used to the Vietnamese currency, the dong

You arrive at Ho Chi Minh airport with your euros well kept in your wallet. But once you set foot in this new country, you realize that the banknotes are quite different from the ones you know. They are printed with astronomical numbers, going up to hundreds of thousands. Don’t worry, you didn’t become a millionaire overnight, it’s just the local currency, the Vietnamese Dong (VND).

One euro is approximately 25,000 VND, but this exchange rate may vary. So if you see a sandwich that costs 50,000 VND, don’t faint, it actually only costs 2 euros. It is essential to familiarize yourself with the exchange rate to avoid surprises and scams.

Changing currency, a crucial step for your stay

Once you understand the Vietnamese currency system, it’s time to change your money. You can do this upon arrival at the airport, at banks or at private exchange offices. Banks generally offer a more favorable exchange rate. However, it is advisable to compare the rates of several banks before making your choice.

Banknotes are available in different denominations, ranging from 200 to 500,000 VND. Be careful not to confuse the 20,000 and 500,000 VND notes, they are the same color!

Using the bank card in Vietnam

Can you use your French bank card in Vietnam? The answer is yes, but with some precautions. ATMs are common in major cities and tourist areas. However, they may charge high withdrawal fees.

It is recommended to inform your bank of your trip to avoid having your card blocked for suspicious transactions abroad. Some banks offer options to reduce these fees, so check before you go.

Vietnam and foreign currencies

Some places in Vietnam accept foreign currencies, mainly US dollars. However, it is best to use local currency to avoid unfavorable exchange rates.

Additionally, payment in foreign currencies is generally limited to high-end hotels, restaurants and stores. For daily purchases, paying in VND is more convenient.

The cost of living in Vietnam

Vietnam is known for its low cost of living. However, prices can vary significantly depending on region. Big cities like Hanoi and Ho Chi Minh are more expensive than rural areas.

A meal at a local restaurant can cost between 20,000 and 100,000 VND, while a coffee can cost between 10,000 and 50,000 VND. Taxis are also cheap, with an initial fare of 12,000 VND and an increase of 16,000 VND per kilometer.

Don’t forget to keep a certain amount for tips, they are appreciated although not obligatory. In general, a 10-15% tip is common in restaurants.

withdrawal, cash, bank card - manage money in Vietnam

The visa question

Before leaving, don’t forget to find out about the conditions ofobtaining a visa for Vietnam. French nationals need a visa for a stay of more than 15 days. Visa fees vary depending on the duration and type of visa, but expect around 25 euros for a one-month visa.

Now that you are armed with all this information, all you have to do is pack your bags and set off to explore this fascinating country. Have a good trip!

Transporting cash in Vietnam

When traveling to Vietnam, it is crucial to understand how to carry your money safely. In general, it is advisable not to carry large sums of cash to avoid the risk of theft or loss. However, keep in mind that in some parts of the country, especially rural areas, electronic payment methods may not be available. It is therefore important to have a certain amount of Vietnamese dong with you.

Tourists are allowed to enter or exit Vietnam with a maximum amount of US$5,000 or the equivalent in other foreign currencies and/or Vietnamese dong. If you bring more than this amount, you must declare it upon arrival.

Traveler’s checks are not widely accepted in Vietnam. However, they can be exchanged at some banks, but expect high fees. So if you plan to use traveler’s checks, be prepared to look for a bank that accepts them.

Transactions and tipping in Vietnam

In a country where haggling is part of the culture, it helps to understand how to transact in Vietnam. Whether you’re shopping for souvenirs in the bustling markets of Ho Chi Minh City or taking a taxi through the busy streets of Hanoi, being aware of costs and knowing how to negotiate can help you get the most out of your Vietnamese dongs.

Tipping is not obligatory in Vietnam, but it is appreciated, especially in hotels, restaurants and taxis. A 10-15% tip is common in restaurants. For taxi services, a tip of around 10,000 to 20,000 VND dong is appropriate for good service.

Additionally, when purchasing goods or services, it is a good idea to check whether the price displayed is in USD or VND. Some places display prices in USD to attract foreign tourists, but payment usually has to be made in Vietnamese dong.

Money in Vietnam: Conclusion & Opinion

Vietnam is a mesmerizing country blessed with cultural richness and breathtaking natural beauty. However, the key to a successful trip is good preparation. Understanding how to manage your money in Vietnam is essential to fully enjoy your trip, avoid unpleasant surprises and navigate the country peacefully.

Remember to ask about exchange rates, always carry a certain amount of Vietnamese dong with you, watch out for ATM withdrawal fees, and understand the cost of living in Vietnam.

Finally, keep in mind that the most important thing is to enjoy your trip to Vietnam, explore the bustling streets of Ho Chi Minh City, savor the delicious local cuisine and immerse yourself in the rich culture of the country. Enjoy your trip and enjoy every Vietnamese dong you spend!