Cash in Vietnamese with Expert Tips

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In Vietnam, the Vietnamese Dong (VND) is the official currency, and it's essential to understand how to manage your cash wisely while traveling or living in the country. You can easily exchange your money at a local bank or currency exchange office.

The Vietnamese government has strict regulations regarding cash, and it's not uncommon to see ATM limits in place to prevent money laundering. This can be frustrating for tourists and expats, but there are ways to work around it.

To avoid any issues, it's best to have a mix of cash and credit cards on hand, especially when traveling to rural areas where credit card facilities may be limited. This will give you more flexibility and peace of mind during your stay.

See what others are reading: What Currency Do Vietnam Use

Vietnam Currency and Exchange

The official currency in Vietnam is the Vietnamese Dong, denoted by the symbol ₫. You can find this symbol on store menus and restaurant signs.

Person Holding A Vietnamese Dong
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Carrying Vietnamese Dong with you is a good idea, especially since cash is widely used in Vietnam. However, be aware that exchange rates at airports and hotels can be poor.

To minimize your expenses, consider getting a free multi-currency account and card to buy, hold, convert, and send over 40 currencies, or a Revolut account that supports 30+ currencies and cards.

You can also use ATMs on arrival to withdraw cash, but be sure to check the latest cash limit you can take to Vietnam before declaring it to customs authorities.

Vietnam Central Bank May Boost Forex Purchases as USD/VND Rate Cools

The Vietnam central bank may step up its forex purchases as the USD/VND exchange rate cools. This could have significant implications for the Vietnamese economy.

A broker has suggested that the central bank may take action to stabilize the exchange rate. The USD/VND rate has been a topic of interest for investors and economists alike.

Expand your knowledge: Apple Cash in Bank

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The central bank may be motivated to intervene in the forex market to prevent a further decline in the value of the Vietnamese dong. This could help to maintain economic stability.

A broker has made a prediction about the central bank's potential actions, but it's essential to note that this is just speculation. The central bank's actual plans remain unclear.

The USD/VND exchange rate has been a subject of discussion in Southeast Asia, where the article was published. The region's economic trends can have a significant impact on the exchange rate.

The article was published on February 16, 2025, at 10:57 am GMT+7, highlighting the currency's relevance in the region.

Best Exchange Rate

To get the best exchange rate for Vietnamese Dong, you'll want to look out for the AUD - VND exchange rate online or at the currency exchange office.

Black market money changers may seem like a good option, but they're not safe or reliable.

Person Counting Cash Money
Credit: pexels.com, Person Counting Cash Money

Official exchange companies that offer fair rates and transparent fees are your best bet.

You can also consider getting a travel money card, such as Wise, to ensure your transactions are secure and convenient.

1 AUD equals 15,865.6 VND, so keep that in mind when making your exchange.

If you do need to exchange money, be aware that 1 VND equals only 0.0000630294 AUD, so it's not a strong currency.

Using a travel money card like Wise can save you a lot of hassle and give you peace of mind while traveling in Vietnam.

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How Much to Take to Vietnam?

Cash is very widely used in Vietnam, so it's a good idea to have some with you at all times.

You can carry travel cash with you when you head to Vietnam, exchange at the airport, or use ATMs on arrival.

Exchange rates at airports and hotels are often pretty poor.

Before you fly out with lots of cash on you, check the latest cash limit you can take to Vietnam before you need to declare it to the customs authorities.

Carrying lots of cash at any one time can be a security risk and make you a target for thieves.

Using an international travel debit card from a provider like Wise to make ATM withdrawals on arrival could be safer and cost less in the end.

What Currency for Vietnam?

Detailed close-up of Indian rupee banknotes and coins, showcasing currency design.
Credit: pexels.com, Detailed close-up of Indian rupee banknotes and coins, showcasing currency design.

So you're planning a trip to Vietnam and wondering what currency to take with you? The official local currency used in Vietnam is the Vietnamese Dong-VND.

You'll need Vietnamese Dong if you plan to take cash with you to spend while you're away. The currency symbol is ₫, which is what you'll see in stores and on restaurant menus.

The exchange rate is currently 1 AUD = 15,865.6 VND, and 1 VND = 0.0000630294 AUD. This means that if you exchange one Australian dollar, you'll get approximately 15,865.6 Vietnamese Dong.

If you want to make it easy to manage your money while traveling, consider getting a free multi-currency account and card that supports over 40 currencies. Alternatively, you can opt for a Revolut account that supports 30+ currencies and cards.

Here's a quick rundown of the Vietnamese Dong's details:

Daily Expenses in Vietnam

Daily expenses in Vietnam can vary greatly depending on your travel style. A budget-conscious traveler can expect to pay around $35 VND 562,247 per day.

Accommodation, food, transport, and sightseeing costs are the main factors to consider when budgeting for a trip to Vietnam. For a mid-range traveler, daily expenses can be around $97 VND 1,533,402.

If you're looking for a more luxurious experience, daily expenses can soar to around $284 VND 4,497,979.

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Vietnam Travel Budget

Wooden Bridge with Vietnamese Flags Displayed
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You'll want to consider your travel style when deciding how much money to bring to Vietnam. Budget travelers can expect to spend around $35 per day.

Accommodation, food, transport, and sightseeing costs vary greatly depending on your spending habits. For a budget-conscious traveler, a week in Vietnam will cost approximately $248.

The average daily cost for a mid-range traveler is around $97. This includes a mix of budget-friendly and mid-range options. For a week, you can expect to spend around $677.

If you're looking to travel in style, be prepared to spend around $284 per day. This will give you access to high-end accommodations, fine dining, and exclusive experiences. For a week, the total cost will be approximately $1,985.

For another approach, see: Cash Collection Budget

Daily Food Costs

Daily food costs in Vietnam can vary significantly depending on where you choose to eat. Buying food from local markets and stores is one of the cheapest options.

If you're on a tight budget, you can expect to pay around $9 per day for meals from local markets and stores. This is a great way to experience the local culture and cuisine.

Vietnamese Traditional Dish with Lots of Vegetables around it
Credit: pexels.com, Vietnamese Traditional Dish with Lots of Vegetables around it

Mid-range restaurants offer a more comfortable dining experience and cost around $23 per day. This is a good option if you want to try some of the local specialties without breaking the bank.

Luxury restaurants offer high-end dining experiences and cost around $55 per day. This is a good option if you want to indulge in some of the best food Vietnam has to offer.

Here's a breakdown of the average daily food costs in Vietnam based on different restaurant types:

Vietnam Customs and Regulations

Vietnam has a complex system of customs and regulations, which can be confusing for tourists.

The country has a strict policy on currency exchange, requiring you to exchange a minimum of 500,000 VND (approximately 22 USD) per transaction.

You can exchange currency at airports, banks, and currency exchange booths, but be aware that rates may vary.

Tourists are allowed to bring a maximum of 10,000 USD in cash into the country, but amounts exceeding 5,000 USD must be declared.

It's also worth noting that you can use credit cards at major hotels, restaurants, and shops, but cash is still king in Vietnam.

Frequently Asked Questions

What is Vietnam cash called?

The official currency of Vietnam is called the dong (₫). Introduced in 1978, it's issued by the State Bank of Vietnam.

How do you use cash in Vietnam?

When withdrawing cash in Vietnam, choose to pay in local currency (dong) at ATMs to get the best exchange rates and avoid extra fees. This simple step can save you money and make your trip more budget-friendly.

Percy Cole

Senior Writer

Percy Cole is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for simplifying complex topics, Percy has established himself as a trusted voice in the insurance industry. Their expertise spans a range of article categories, including malpractice insurance and professional liability insurance for students.

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