Vietnam currency, money, exchange rate
The exchange rate
The currency of Vietnam is quite stable, and the last five years dramatically almost unchanged. To quickly recalculate the cost of VND to RUB, you need to multiply thousands of dongs about 3 (actually 2.9). For example, 100 thousand dongs * 2.9 = 290 rubles.
The exchange rate (Vietnam Dong) today (03/11/2018)
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Money in Vietnam
The national currency of Vietnam is Dong. This is one of the smallest currencies in the world.
Dong or VND is denoted as D.
The cash in Vietnam is issued in banknotes and in coins. Coins are hardly used, but if you fell into the hands of the coin, consider yourself lucky. In circulation are banknotes in denominations of 500000, 200000, 100000, 50000, 20000, 10000, 5000, 2000, 1000, 500, 200 and 100 Dong. Bills in Vietnam made not of paper but of a thin plastic material, which greatly prolongs their circulation. On the Bank notes of 10000 dongs in the center notes there is a "window" of transparent plastic. All should pay tribute to the quality of notes: they are quite comfortable and pleasant to look at.
On the front side of the banknote is a portrait of uncle Ho Chi Minh, on the reverse sides of the figures are different: the Temple of literature in Hanoi, the Japanese bridge in Hoi an, the Bay of ha long, the house where he was born, Ho Chi Minh, oil offshore platform, is the ancient capital city of hue.
Are also in circulation coins in 5000, 2000, 1000, 500 and 200 VND, but to meet them in real turnover is almost impossible. If you find this coin, be sure to save it as a numismatic rarity.
What currency to take to Vietnam
The preferred currency for importation and use in the country is the US dollar. The exchange rate for euros may be a bit less favorable, though no problems with its exchange will not occur, change is everywhere. All prices for tourists for accommodation, tours and travel in tourist transport, often immediately are declared in us dollars and are also in dollars. You can pay and mixed: in dollars and Vietnamese Dong, or pay in dollars and get change in Dong (it is sometimes convenient and profitable).
Where to change currency in Vietnam
Currency exchange in Vietnam can be anywhere: in exchange offices, banks, hotels, jewelry stores, travel agencies, airports. The difference in the rate of exchange in different places and even different cities minor. At the airports of Viet Nam are not a "predatory" rate as in Russian airports, so you can safely on arrival at the airport to change $ 50 and then get a rate better deal.
But do not rush to change currency, seeing the sign on the street "Money Exchange" or "Bank". In Vietnam there is such a thing as the official rate and the real. The official rate set for banks, exchange offices, ATMs and payment terminals (in the calculation of plastic cards) and it is somewhat lower than the real rate, which can be found on the streets.
The best rates are traditionally found in jewelry shops and jewelry shops, which don't even have a sign "Money Exchange". For example, in our experience, if the official exchange rate set 20 800 VND per dollar (about this course and you'll find exchange offices even in the tourist areas), then exchange the money in jewelry you can at the rate of up to 21 200. The difference when you exchange $ 100 in this case is 40 000 VND, but this is, after all, at least three bottles of beer.
To find the best rate, it is right to go to a jewelry store and ask do they change the currency (if can't say, just show a dollar bill and say "exchange"). You will be shown the exchange rate, and will only have to decide about the exchange and carefully counted the money. It is better to bypass or to bargain and offer your course.
Keep in mind that scams when exchanging money in Vietnam to happen, and the easiest of them is the substitution of large bills into small, because for the untrained sight bills like 100 000 VND 10 000 VND and 500,000 VND to 20,000 VND. Don't forget to exercise due care before, during and after the exchange of money, and before you travel read our section on safety in Vietnam.
The use of plastic cards in Vietnam is quite common. Pay card almost all shopping centers, restaurants, hotels, travel agencies. ATMs in major cities and tourist areas are found almost at every step.
However, in connection with the existence of a difference between the official and the real exchange rate (see above), while the use of credit cards, especially cash withdrawal is not the best alternative to cash. ATMs in addition to the fee your Bank will hold your Commission, on average, about 50 000 VND per transaction, the maximum amount of cash withdrawals may be restricted (e.g. to 2 000 000 VND, about $ 100), recalculation of the rate will occur at the official, and all this together will give not very good result. So try to find an ATM, which gives at once the sum is larger and takes a smaller Commission. Fortunately, ATMs of different banks and with different sea conditions here.
With regard to calculations by credit card, there are certain pitfalls. First, the Vietnam banks is a period of risk when using the card. Second, you can easily charge a fee of several percent in addition to the amount paid, didn't even warn you about it. This happens with the card at hotels, travel agencies and small private shops, where the host institution has the right to do whatever you want. In large shopping centers and supermarkets such problems were not observed. Well, and third, the recalculation of currencies in Lebanese pounds is again at the official rate.
Traveler's checks are easily exchanged for cash at banks, but for each transaction is charged a Commission (about 3.3% of the amount of and low of 2.2 per dollar).
VAT refund in Vietnam (Vat Refund)
From 1 July 2012, Vietnam earned system of VAT refund (value added tax) for foreigners bought in the country the goods. Act tax refund until 30 June 2014. Such a system of tax refund operates in Thailand, Singapore and other popular tourist countries, and is intended to stimulate demand tourists to purchase goods in the country. The essence of the system is that upon departure from the country, you can recover some of the cost of purchased domestically, goods in the amount of value added tax included in the price of goods.
For Vietnam, this amount is 10% of the value of the goods. From believe the refund amount is still deducted by an administrative fee of not more than 15%. Apply a VAT refund in Vietnam for every purchase, purchased by check price from 2,000,000 VND (approximately $ 96 US). Another condition is that the tax refund is only possible within 30 days after purchase.
The refund can be made upon departure from the country (only when you leave the country, domestic flights are not covered) in Hanoi airport and Ho Chi Minh city.
According to statements, the refund will be carried out at special counters at airports (they are already installed) in the currency of the buyer's choice. Information about how this works in practice, we do not yet possess. If you have already had experience of VAT refund, please share the information we have on the forum.
The official tipping systems in Vietnam and they are traditionally not accepted here, because recently here were building communism. All professionals in the field of tourism up to the porters get paid (albeit very little) and do not expect and do not expect tips, although they will be very happy a small monetary thanks from the tourists.
To give or not to give tips completely depends on your desire. If you like the service, you can leave a small amount. In the taxi meter can refuse the delivery, rounding to the nearest thousand VND (in a taxi at a fixed price on a tip cannot be and speeches). The same with the delivery at the restaurant or cafe. The room cleaning, the porter can give 10-15 thousand VND.