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Vietnam forum

Taking Thai Baht to Vietnam

Posted by CrankyCarrot on 10/12/2011 at 03:37

If I take a big stack of Thai 1000 baht notes with me to Vietnam, will I have any issues exchanging them for Dong in places like Hanoi and HCMC?

OR Would I be better off converting all my excess baht into USD before leaving Thailand for Vietnam?

Thanks

#1 CrankyCarrot has been a member since 24/3/2010. Location: Thailand. Posts: 662
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Posted by CrankyCarrot on 10/12/2011 at 09:08

Anybody? Yes, you! In the back...

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Posted by goonistik on 10/12/2011 at 22:01

I would convert my baht to US Dollars before going to Vietnam. The US Dollar is more widely accepted in that country.

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Posted by CrankyCarrot on 11/12/2011 at 04:53

Righto. I was thinking of doing that. Do they not have lots of banks and booths set up to exchange currencies like THB around the big cities though?

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Posted by busylizzy on 11/12/2011 at 13:15

I don't have specific experience with THB, but yes, they do have exchange places. I specifically remember some in Hanoi. But of course, most town will also have banks and they should take your THB as well as USD.

I'd tend to take both currencies: exchange some THB to USD, but keep the rest in THB, and use this first, keeping the USD for backup.

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Posted by CrankyCarrot on 12/12/2011 at 23:06

Sounds like a smart to me. I can exchange my 1000 baht notes one or two at a time for Dong.

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Posted by oasisbarhatien on 13/12/2011 at 00:40

Posted from within Vietnam.

You will be better off exchanging your THB for USD in Thailand,don't use a bank,but one of the licensed money changers,you will get a better rate.You will not get a good exchange rate in Vietnam for THB.

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Posted by CrankyCarrot on 13/12/2011 at 02:40

Ok, cheers for the advice OasisB

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Posted by CrankyCarrot on 13/12/2011 at 03:06

I read somewhere you can only withdraw amounts equal to US $100 at a time from the ATMs in Vietnam - is that (still) the case?

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Posted by oasisbarhatien on 14/12/2011 at 20:01

Posted from within Vietnam.

It depends on the bank.Some ATM's allow only 2,000,000 VND (=100USD),some allow more.What I have done is go into the bank,tell them the ATM isn't working,(whether it is or not)and take out the amount you want(up to your own banks daily limit) over the counter.You will need your passport,and to input your PIN into a hand held device.It also costs less to do it that way-maybe 40,000VND as opposed to 5x 30,000VND for 5 separate withdrawals

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Posted by CrankyCarrot on 17/12/2011 at 10:26

So the standard ATM fee for making a withdrawal is about 30,000 ($1.50)? Well, that's better than the 150 baht ($5) fees I'm used to in Thailand.

I get hit with a $5 fee from my Australian bank, Westpac whenever I withdraw from overseas ATMs, hence usually go for amounts larger than $100.

Going rate for a US buck seems to be 20,000 Dong if you try and spend it in a cafe or whatever (though it's 21,000+ on exchange info sites like this)

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Posted by travellingsarah on 18/12/2011 at 03:14 TF writer

I guess you're in Hanoi now so don't need an answer to your original question, but regarding ATMs, you can withdraw at least 4milllion (c. $200) from most ANZ ATMs as well as some others - I can't remember which now as I just use ANZ. Also you can withdraw up to 20million from the cashpoint outside the main ANZ branch by Hoan Kiem lake.

Regarding exchange rate, people will convert it at the rate which suits them best. Usually either 20,000 or 21,000, but sometime a bit higher (if they're converting from USD to VND). Make sure you double check the exchange rate on any large expenses - such as hotel bills - but on small purchases it doesn't make much of a difference.

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Posted by CrankyCarrot on 18/12/2011 at 07:07

Yes, I'm in Hanoi now. I'm about to do a withdrawal and tossing up between ANZ and HSBC. I remember the latter didn't charge a local atm fee when I used them in Malaysia, but I don't know if that's the case here.

Not sure if I'd get any sort of break on fees using an Aussie ATM like ANZ's when I'm with Westpac. They'll probably still whack the $5 overseas ATM use charge on there.

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Posted by CrankyCarrot on 20/12/2011 at 10:40

In case anyone was wondering:

Max withdrawal from an ANZ ATM was 4 million dong (200US/AUD), with a 3% conversion fee and $5 foreign ATM use fee slapped on top, courtesy of Westpac.

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Posted by CrankyCarrot on 3/1/2012 at 08:24

Posted from within Vietnam.

You can also pull out 5 million dong per day from HSBC ATMs, but they seem to wallop you with an extra fee either not added or not disclosed on the ANZ ATMs.

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