Visa master card jbc and american express are the most common credit cards honored in vietnam. Changing money in vietnam.
In a pinch you can visit vietcombank to get an advance over the counter.
How to get money in vietnam. Fixed calculators have even been created to aid in the scam. This allows them to receive a salary. Foreign exchange stores are very straightforward in that you hand over your currency and instantly receive the equivalent in vnd.
Learn how to make money in vietnam by freelance writing or working as a copywriter. Make money online and live abroad as a digital nomad in asia. For credit card transactions you may be charged an addition 3 4 percent per transaction.
Another way to take money out of vietnam is by paying salaries from your company registered in vietnam. Select bank deposit and your money will typically arrive in minutes to vietcombank sacombank vietinbank and donga and fast deposits to other banks in vietnam. Exchanging money on the street comes with all the obvious risks and then some.
While this is option may only be convenient if you have the time funds or a reason to travel in the first place vietnam customs do allow up to 5 000 usd to be taken out of the country undeclared. If you need to take more cash out while traveling then you will need to get authorization from the state bank of vietnam sbv and declare it at customs. Check out our article about transportation in vietnam to have a better idea of how locals and expats get around.
Most major currencies can be changed in vietnam. Often the investors are for example directors or board members of the company as well. You can use atms to get cash advances on your credit cards.
While atms are typically the best way to access travel funds you can exchange currency at banks hotels kiosks and freelance black market money changers. Stick to exchanging money at proper banks or reputable hotels but always check the rate on offer. Choose cash pickup and your money is typically available in minutes at convenient locations throughout vietnam.
Us dollars can easily be changed in banks hotels airport money exchange stalls and jewelry shops. You also might have to wait in line for a while if there are a lot of customers at the bank. Other currencies including euros aud and uk pounds can be changed in banks.
Prepare to spend about 100 to 150 per week for transportation eating out and drinking out. However as these luxury piles up you can see that it is costing you money. Exchanging money at gold shops while technically illegal is also very simple.
Salaries are paid based on the payslips that are issued by the accountant.