How much USD to bring to Vietnam?

How Much Cash Should You Bring to Vietnam? A Practical Guide

Planning a trip to Vietnam and wondering how much cash to bring? While cards are increasingly accepted, cash remains king, especially outside major cities. A smart cash strategy can streamline your trip and help you avoid unnecessary fees. Here’s a practical approach to managing your USD in Vietnam:

The $1000 Baseline (and Why)

We recommend bringing around $1000 USD in cash for a two-week trip to Vietnam. This might seem like a lot, but it provides a comfortable buffer and allows for flexibility. Remember, Vietnam offers incredible value for money, and you might find yourself tempted by tailor-made clothes, unique handicrafts, or delicious street food you hadn’t budgeted for.

The Airport Exchange: Just the Essentials

Upon arrival at Vietnam’s international airports (like Tan Son Nhat in Ho Chi Minh City or Noi Bai in Hanoi), exchange approximately $100 USD. This will cover immediate expenses like transportation to your accommodation, a SIM card, and perhaps a celebratory meal. Airport exchange rates aren’t the best, but getting a small amount of Vietnamese Dong (VND) right away is convenient and avoids any initial hassle.

The $300 Increment Strategy

Once you’re settled, adopt the “$300 increment” strategy. Instead of exchanging all your USD at once, exchange around $300 at a time in major cities. This approach offers several benefits:

• Better Exchange Rates: You’ll generally find more competitive rates in cities, particularly at gold shops or reputable exchange bureaus.
• Reduced Risk: Carrying large amounts of VND isn’t advisable from a security perspective. Smaller, more frequent exchanges minimize your risk.
• Flexibility: You can adjust the amount you exchange based on your spending habits and the length of your stay.

Why You Shouldn’t Pre-Order Currency

While convenient, pre-ordering VND from your home country often comes with unfavorable exchange rates and added fees. It’s generally more cost-effective to exchange your USD in Vietnam. Furthermore, carrying large sums of VND before you even arrive adds unnecessary risk.

Beyond Cash: Embracing Cards and ATMs

While cash is crucial, don’t rely on it exclusively. Credit and debit cards are accepted at many hotels, restaurants, and larger shops, particularly in tourist hubs. ATMs are readily available, providing another convenient way to access VND. Be aware of your bank’s foreign transaction fees and ATM withdrawal limits.

Key Takeaways:

• Bring around $1000 USD in cash for a two-week trip.
• Exchange $100 at the airport for immediate needs.
• Exchange in $300 increments in major cities for better rates.
• Avoid pre-ordering VND.
• Supplement cash with credit/debit cards and ATM withdrawals.

By following these guidelines, you can effectively manage your money in Vietnam, ensuring a smooth and enjoyable trip without unnecessary financial stress. Happy travels!