Should you carry cash in Vietnam?

Cash or Card in the Kaleidoscope of Vietnam

In the tapestry of Vietnam’s vibrant economy, there shimmers a thread of tradition: the unwavering preference for cash. Vietnamese merchants, from bustling market vendors to serene temple attendants, often extend their hands for the tangible currency of the Vietnamese Dong. This enduring affinity for paper bills and coins leaves travelers pondering: should they embrace the local custom or rely on the convenience of plastic?

While credit cards are gaining ground in popular tourist destinations, venturing beyond the beaten path demands a ready supply of cash. Smaller transactions, from purchasing street food delicacies to securing a motorbike taxi, typically require the crisp crackle of banknotes. Moreover, tipping is a customary gesture of appreciation in Vietnam, whether it’s a modest sum for a friendly waiter or a token of gratitude at a local temple.

The magnetic pull of cash in Vietnam stems from several factors. The country’s extensive informal economy, comprising countless family businesses and micro-entrepreneurs, often lacks the infrastructure for electronic payments. Additionally, many Vietnamese consumers are accustomed to the tangible nature of cash, perceiving it as a more secure and reliable alternative to digital transfers.

Despite the prevalence of cash, the use of credit cards is gradually expanding in Vietnam. Major cities like Hanoi and Ho Chi Minh City boast a growing number of merchants that accept plastic payments. International brands, such as hotels and restaurants catering to tourists, are more likely to welcome the convenience of electronic transactions.

For travelers seeking a seamless financial experience, it’s prudent to carry a combination of cash and credit cards. This strategy ensures the flexibility to navigate both the traditional and modern payment landscapes of Vietnam. While cash remains the preferred currency in many local interactions, credit cards provide a convenient backup for larger purchases or unexpected expenses.

In conclusion, cash still reigns supreme in the vibrant economy of Vietnam. However, credit cards are gradually expanding their reach, particularly in tourist-oriented areas. By embracing the local tradition of cash while embracing the convenience of plastic, travelers can effortlessly navigate the kaleidoscope of Vietnamese commerce.