How to carry cash in Vietnam?

Carry Cash Wisely in Vietnam: A Guide for Travelers

When traveling to Vietnam, planning how to manage your finances is crucial. While Vietnam’s embrace of digital payments has simplified transactions, cash remains an essential part of повседневной жизни. Here’s a guide to carrying cash in Vietnam wisely:

1. Utilize ATMs

Vietnamese ATMs are widely available and offer convenient, low-fee cash withdrawals. Using a debit card is your best option for accessing local currency. Most ATMs accept major international cards, including Visa, Mastercard, and UnionPay. However, it’s advisable to check with your bank beforehand to confirm any specific fees or exchange rates.

2. Carry a Small Amount of Local Currency

Upon arrival, it’s helpful to have a small amount of local Vietnamese dong (VND) for immediate needs, such as taxi fare or small purchases at local markets. You can exchange currency at airports, banks, or exchange bureaus. Avoid money changers on the street, as they may offer unfavorable rates or counterfeit bills.

3. Budget Carefully

Plan your expenses in advance and budget carefully. Larger transactions, such as hotel stays or organized tours, are best handled electronically through credit cards or mobile payment platforms. This not only protects you from carrying large sums of cash but also allows you to take advantage of any travel rewards or points.

4. Be Discreet

When carrying cash, be discreet to avoid attracting unnecessary attention. Keep it secure in a concealed location, such as a money belt or secure wallet. Avoid flashing it around or leaving it exposed.

5. Take Precautions

Take all necessary precautions to protect your cash. Be aware of your surroundings and avoid using ATMs in isolated areas. If you lose your cash or credit card, report it immediately to the local authorities and your bank.

6. Consider Other Payment Options

In addition to cash and debit cards, consider using other payment options such as mobile wallets and pre-paid cards. These can provide convenience and added security.

7. Tips for Exchanging Currency

When exchanging currency, compare rates at different banks and exchange bureaus to get the best deal. It’s also advisable to exchange smaller amounts at a time to avoid carrying large sums.