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Vietnam forum

What type of money/cheques needed for 1 month travelling?

Posted by ruten on 6/9/2006 at 22:04

Hi!

We're going to Vietnam in a few weeks, and will be staing there for apprx 4 weeks. How much money is needed for this stay?

US Dollars, how much and in what bills? $1, $5, $ 10??
Travellers cheques?
Visa?
Mastercards?
Euro??

Is it difficult to get money out of ATM's, and where can they be found?

Is Dong usable for everything, or is it an advantage to have dollars?

Will be travelling from HCMC to Hanoi along the coast, and back again...

Regards
Rune

#1 ruten has been a member since 4/9/2006. Posts: 2

Posted by somtam2000 on 7/9/2006 at 07:51 admin

Posted from within Vietnam.

Hi Rune,
I'd split your money between cash and travellers cheques, with a credit card as a backup -- the cash in crisp 100 bills. You can use dong for everything, so just exchange a $100 bill each time you run low. ATMs can be found in most provincial capitals, and while not on every street corner, they are more commen than they used to be.

#2 somtam2000 has been a member since 21/1/2004. Location: Indonesia. Posts: 7,565
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Posted by DakLak on 13/9/2006 at 17:53

I would completely forget about Travellers Cheques as they are a pain to transact and have been overtaken by more convenient credit / debit cards.

Many establishments don't even know what they are - whereas credit cards are readily acceptable.

Bring about USD$20-40 is SMALL bills / notes so you can hit the country running as far as snacks and taxis are concerned.

There are ATM's and bank exchange desks at all international airports.

VN law requires all vendors to accept Dong (pronounced dom) - even if they push for USD$. In smaller centres jewellery stores are the best place to exchange money when the banks are closed.

Note some VN money is traditional paper, many are newer 'polymer' (plastic) types. When paying bills with D100,000, D200,000 and D500,000 notes deliberately note the number of the bill - and let the waiter or front desk see you doing it - some fraud artists take your high value money and then return, with a replacement forged version, and say they can't accept it as it is not real.

This happens most frequently in Ha Noi.

#3 DakLak has been a member since 28/8/2006. Posts: 57


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