Do we need to carry cash in Vietnam?

Do We Need to Carry Cash in Vietnam?

In Vietnam, cash remains a prevalent form of payment across various sectors, including hotels, taxis, street vendors, and even temple entrances. This is particularly true in areas that receive fewer tourists. Cash is also a practical choice for making small purchases or expressing gratitude.

Advantages of Carrying Cash in Vietnam:

• Wider acceptance in local areas and businesses
• Convenient for small transactions
• Can be used as a form of bargaining or negotiation
• Useful for emergencies or power outages where electronic payments may not be available

Disadvantages of Carrying Cash in Vietnam:

• Security risks, such as losing or having it stolen
• Difficulty in exchanging large amounts of foreign currency
• Can be cumbersome to carry around large sums
• Exchange rates may not be as favorable as using credit cards

Alternative Payment Methods:

While cash is still widely accepted in Vietnam, alternative payment methods are gaining popularity, especially in larger cities and tourist areas:

• Credit cards: Accepted in many hotels, restaurants, and shopping malls.
• Debit cards: Can be used to withdraw cash from ATMs or make purchases.
• Mobile payments: Platforms like ZaloPay and Momo are becoming increasingly common for everyday transactions.

Recommendation:

Whether or not to carry cash in Vietnam depends on your specific travel plans and preferences. If you plan to visit less touristy areas or make frequent small purchases, having some cash on hand is advisable. However, it’s equally important to be aware of the potential risks and to carry only the amount you need. Consider a combination of cash and alternate payment methods to ensure flexibility and convenience.