TRIPS IN VIETNAM
TRIPS Sold & on Road
VISA for YOUR TRAVEL
Money to bring
What currency to trip during the trip!
Money, banks, exchange
In Vietnam, it is very convenient with all sorts of international currencies since 2007 when the country was totally opening to develop the economy. So the Vietnamese accept easily these currencies and especially the U.S dollar (USD) is the most widely used and considered the first currency in commercial trade.
The national currency is the Vietnam Dong (VND).
Spring 2010: €1 was worth about 25,000VND, 1USD approximately 20,000VND, 1 Swiss Franc is about 17,500VND and 1 Canadian Dollar in 18,000VND.
These exchange rates indicative surely constantly aware of changes, but now the inflation tends to stabilize, they follow the movement and did not differ as sharply as in the past.
The most common foreign currency in Vietnam is the U.S dollar (USD). The euro is still very rare. It is easily changed throughout the country. Swiss francs and Canadian dollars are in most exchange offices (but not all).
A law states that everything must be paid in VND, but we can not say that it is applied to the letter! In practice, it can sometimes pay in dollars or euros. In the tourism industry, prices are also often stated and/ or posted in U.S. dollars (USD).
- Tip: Avoid setting your purchases VND in shops and stores at a fixed price in USD. On the one hand, the seller does not want that and secondly, the conversion of USD into VND rounds always to your disadvantage. This is also the case for the euro.
In general, in all cities, large and medium, where it has the bank offices such as: the Vietcombank, Techcombank, etc ... Agribank accept foreign currency in cash, travelers checks and payment cards (especially Visa and MasterCard). In any case, always present with passport except liquid, banking and financial infrastructure is a little more advanced in Ho Chi Minh City to Hanoi.
Banks are generally open from 7h30 to 11h (11h or 11h30) and 13h30 to 16h (16h or 16h30) every day during the week and sometimes on Saturday mornings. They are closed on Sunday.
We advise you to change your currency gradually and not all at once, and keep you always on short break. Indeed, it is not always easy to pay with large bills.
Changing preferably in banks or jewelers (euros or dollars), rather than in hotels.
Normally, there is no commission on the exchange. Count again and always check the amount that you are given, unless it is counted by a machine, which is common.
Most banks accept, including Hanoi, Ho Chi Minh City and in tourist towns. In remote places, it is impossible to change traveler's checks but there are the distributors who accept major credit cards for payment. The bank fee on travelers checks varies from 0.5% (Vietcombank) to 4%.
Payment by credit cards
It is now distributors all over the medium and big cities, and more and more hotels accept payment by credit cards, and this businesse demand a bank fee, usually 3%, sometimes more.
Everything is negotiable, especially in low season.
Budget "student" and backpack
You can travel with economy, an average budget of 50USD per day per person. In case, if you travel in pairs, 15 to 20USD for a double room, 4 meals at 10USD, the rest being devoted to drinks, transport and monuments. But this involves simple accommodation, local food in small resto on the sidewalk and local transport links.
Budget Economic for solo traveler
Spending between 60 and 100USD per day, you can stay at hotels a little more comfortable, sit at the better tables and make a trip a little less tiring by taking the minibus or local taxis.