What Money to Take to Vietnam from Australia: A Traveler’s Guide

What Money to Take to Vietnam from Australia: A Traveler’s Guide

Traveling to Vietnam from Australia is an exciting adventure filled with vibrant culture, stunning landscapes, and delectable cuisine. However, one of the most critical aspects of planning your trip involves understanding what money to take to Vietnam, particularly concerning the Vietnam currency, Australian dollars, and how to manage your budget effectively while traveling. In this guide, we’ll explore essential travel money tips, exchange rates, ATM access, local expenses, and budgeting for your Vietnamese escapade.

Understanding Vietnam’s Currency

The official currency of Vietnam is the Vietnamese Dong (VND). As of the latest data, the exchange rate can fluctuate, but generally, you can expect around 15,000 to 23,000 VND for every Australian dollar (AUD). It’s crucial to keep an eye on current exchange rates before you travel, as these rates can vary significantly and impact how much you’ll get for your Australian dollars.

How Much Money Should You Bring?

Budgeting for Vietnam largely depends on your travel style. Here’s a quick breakdown of potential local expenses you might encounter:

• Accommodation: Budget hostels can cost as little as 150,000 VND per night, while mid-range hotels range from 500,000 to 1,500,000 VND.
• Food: Street food is incredibly affordable, with dishes costing around 20,000 to 50,000 VND. Restaurants offer meals ranging from 80,000 to 300,000 VND.
• Transport: Local transport, like buses or Grab (a ride-hailing app), can cost between 15,000 to 200,000 VND.
• Attractions: Entry fees for popular tourist spots usually range from 20,000 to 200,000 VND.

Based on these estimates, a daily budget of around 500,000 to 1,000,000 VND (approximately 35 to 70 AUD) is reasonable for a budget traveler. If you prefer more comfort and dining at nicer restaurants, consider budgeting closer to 2,000,000 VND (around 140 AUD) per day.

Cash vs. Cards: What’s Best for Vietnam?

While Vietnam is becoming increasingly modern, cash is still king, especially in smaller towns and markets. Here’s a closer look at the pros and cons:

• Cash: It’s widely accepted everywhere. Plus, you’ll find that street vendors and small shops often don’t accept cards.
• Cards: Major credit cards (Visa, MasterCard) are accepted in larger hotels, restaurants, and shops. However, always check for any transaction fees that may apply. Carrying a card can also be handy for larger purchases or emergencies.

It’s advisable to carry a mix of cash and cards. Withdraw cash as needed from ATMs, which are readily available in urban areas, but be cautious of withdrawal limits and fees.

ATM Access in Vietnam

ATMs are widely available in cities and tourist areas, making it convenient for travelers to access cash. Most ATMs accept foreign cards, but be aware of the following:

• Withdrawal limits can vary, often between 1,000,000 to 3,000,000 VND (about 70 to 210 AUD).
• ATM fees may apply, and your bank may charge additional fees for international withdrawals.
• Always choose to be charged in the local currency to avoid unfavorable exchange rates.

Keep your bank’s contact details handy in case you need to report a lost card or access additional funds quickly.

Travel Preparations: Exchanging Money

Before you depart for Vietnam, it’s wise to exchange a small amount of Australian dollars for Vietnamese Dong. This can help cover initial expenses like transportation from the airport or your first meal. Here are a few options:

• Currency Exchange Offices: These can be found at airports and in major cities.
• Banks: Local banks can also exchange currency, though they may offer slightly less favorable rates than exchange offices.
• Prepaid Travel Cards: These can be loaded with AUD and used like a debit card in Vietnam. They often provide competitive exchange rates.

Do check the fees associated with each option to maximize your budget.

Tips for Budgeting for Vietnam

To make the most of your travel budget, consider the following tips:

• Plan Your Itinerary: Research costs associated with specific activities or regions. Northern Vietnam can be more affordable than the southern cities like Ho Chi Minh City.
• Embrace Local Cuisine: Eating at local eateries can save you a significant amount compared to dining in Western-style restaurants.
• Negotiate Prices: In markets, haggling is not just acceptable; it’s expected! Practice your negotiation skills to get the best deals.
• Free Activities: Take advantage of free walking tours, parks, and local festivals to experience the culture without spending a dime.

Frequently Asked Questions

1. Can I use Australian dollars in Vietnam?

No, Australian dollars are not widely accepted in Vietnam. You’ll need to exchange your AUD for Vietnamese Dong.

2. Are credit cards widely accepted in Vietnam?

Credit cards are accepted in larger establishments, but it’s advisable to carry cash for smaller shops and local markets.

3. What’s the best way to exchange currency before my trip?

It’s best to exchange a small amount before your trip and then use ATMs or local currency exchange services in Vietnam for the rest.

4. How much cash should I carry while traveling in Vietnam?

It’s wise to carry enough cash for daily expenses, typically around 500,000 to 1,000,000 VND per day, depending on your plans.

5. Are there any hidden fees when using ATMs in Vietnam?

Yes, check for both local ATM fees and potential international withdrawal fees from your bank. Always choose to withdraw in the local currency.

6. What should I do if I run out of cash while in Vietnam?

If you run out of cash, locate an ATM or a bank to withdraw more money, or consider using a credit card for larger purchases.

Conclusion

Successfully managing your finances while traveling in Vietnam requires a bit of planning, but it’s certainly manageable. By understanding the Vietnam currency, knowing how to access your money, and budgeting wisely, you can enjoy your adventure without financial stress. Embrace the vibrant culture, indulge in delicious food, and explore the breathtaking landscapes, all while keeping your expenses in check. Safe travels!

This article is in the category Travel Tips and Guides and created by VietNam Team