Carrying Money to Vietnam: The Smart Way
Travelling to Vietnam from India? Managing your finances efficiently is essential for a seamless travel experience. This guide will help you understand currency options, exchange rates, and the best methods to carry money during your Vietnam adventure.
Choosing the Right Currency
When it comes to carrying currency for your Vietnam trip, the most recommended option is to bring US Dollars (USD). The Vietnamese Dong (VND) is the official currency, but USD is widely accepted across the country, especially in major cities and tourist hotspots.
Here’s a quick comparison of the advantages of carrying USD versus Indian Rupees (INR) or converting to VND:
| Currency | Advantages |
| US Dollars (USD) | – Widely accepted in Vietnam – Favorable exchange rates compared to INR – Easier to exchange for VND upon arrival |
| Indian Rupees (INR) | – Inconvenient to exchange in Vietnam – Lower exchange rates compared to USD |
| Vietnamese Dong (VND) | – Necessary for small, local transactions – Can be obtained by exchanging USD or withdrawing from ATMs in Vietnam |
According to the latest data, the average exchange rate for USD to VND as of Jan 2025 is around 25,000VND per USD. This makes USD a more cost-effective option compared to directly converting INR to VND, which typically offers less favorable rates.
Understanding Currency in Vietnam
Before diving into the specifics of carrying currency, it’s important to understand the local currency used in Vietnam.
Vietnamese Dong (VND)
- The official currency of Vietnam is the Vietnamese Dong (VND).
- As of January 2025, the exchange rate is approximately 1 INR = 3.46 VND.
- It is advisable to have some local currency on hand for smaller purchases, street food, transportation, and markets.
1. Avoid Buying Vietnamese Dong in India
While it may seem convenient to purchase Vietnamese Dong (VND) before your trip, it’s generally not the most cost-effective option. The Vietnamese Dong is a rare currency in India, and you’ll often encounter a 15-20% markup on the exchange rate.
Instead, consider converting a small amount, just enough to cover your initial expenses like airport transfers or street food.
2. Opt for US Dollars (USD) as your primary Currency
The most efficient way to carry money to Vietnam is by converting your Indian Rupees (INR) to US Dollars (USD). USD is widely accepted and easily exchangeable in Vietnam, with a lower conversion cost compared to directly exchanging INR to VND.
Here’s an example to illustrate the savings:
| Currency Conversion | Cost |
| INR to USD in India | 1% markup |
| USD to VND in Vietnam | 0.3% markup |
| Total Conversion Cost | 1.3% |
Compared to directly converting INR to VND in India, which can incur a 15-20% markup, the two-step conversion (INR to USD, then USD to VND) is a much more cost-effective option.
3. Avoid Relying Solely on International Credit/Debit Cards
While credit and debit cards are convenient, they can be quite costly when used in Vietnam. International cards typically come with a 3.5% foreign currency conversion fee, and there are additional charges for ATM withdrawals, such as a card usage abroad fee and a foreign ATM fee.
4. Utilize a Prepaid Forex Card as Your Secondary Payment Method
A prepaid forex card, also known as a travel card, is an excellent secondary option for your Vietnam trip. These cards allow you to preload multiple currencies, including US Dollars, and use them for purchases and ATM withdrawals at a lower cost compared to credit/debit cards.
Why Choose the Prepaid Forex Card? The Prepaid Forex Card is the perfect companion for your trip to Vietnam. With its seamless integration of multiple currencies, competitive exchange rates, and robust security features, you can enjoy a hassle-free financial experience throughout your journey.
Whether you’re exploring the vibrant streets of Ho Chi Minh City, indulging in the culinary delights of Hanoi, or embarking on a scenic adventure in the stunning landscapes of Vietnam, the Prepaid Forex Card will ensure that your money matters are well taken care of.
Preparing for Your Vietnam Trip: Additional Tips
In addition to choosing the right currency and forex card, here are some additional tips to help you prepare for your trip to Vietnam:
1. Inform Your Bank and Credit Card Providers: Notify your bank and credit card companies about your travel plans to Vietnam. This will help prevent any unnecessary account freezes or declined transactions due to suspicious activity.
2. Research Local Customs and Etiquette: Familiarize yourself with the local customs and etiquette in Vietnam to avoid any cultural faux pas. This will help you navigate your interactions with locals more smoothly.
3. Carry Small Denominations: Carry a mix of small denominations of Vietnamese Dong, as this will make it easier to pay for smaller purchases and avoid the need for constant change.
4. Utilize Mobile Payment Options: Many businesses in Vietnam, especially in urban areas, now accept mobile payment options like Google Pay, Apple Pay, or local e-wallets. Familiarize yourself with these options before your trip.
5. Beware of Scams: Be cautious of common tourist scams, such as overpriced taxis or counterfeit currency exchanges. Stick to reputable establishments and use your best judgment when making transactions.
By following these tips and utilizing the prepaid Forex Card, you can ensure a seamless and worry-free financial experience during your travels in Vietnam. Enjoy your trip and make the most of your Vietnamese adventure!
Key Benefits of a Forex Card:
- Load up to 9 currencies on a single card
- Access over 3 million Visa ATMs worldwide
- Swipe at over 70 million Visa merchants in 200+ countries
- 3D Secure Authentication for online transactions
- 24/7 global customer assistance
- Insurance cover up to INR 7,50,000
Which Currency Should You Carry to Vietnam from India?
Based on the analysis above, the recommended approach for travelers from India to Vietnam is:
- Carry 70% of your travel budget in US Dollars (USD): This will allow you to take advantage of the lower conversion costs and widespread acceptance of USD in Vietnam.
- Use a Forex Card for the remaining 30%: Load your Forex Card with USD and use it as a secondary payment method for purchases, ATM withdrawals, and online transactions. This will provide you with added convenience and security during your trip.
By following this strategy, you can minimize currency conversion costs, enjoy a hassle-free payment experience, and focus on making the most of your Vietnam adventure.
Conclusion
With the right financial planning, you can immerse yourself in Vietnam’s vibrant culture, stunning landscapes, and delectable cuisine. Carry a mix of USD cash, a RemitX Forex Card, and small amounts of VND for a worry-free adventure.
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