Travelers entering or leaving Vietnam are required to declare if they carry cash exceeding 15,000 USD or its equivalent in other currencies. Failure to declare amounts above this threshold may result in fines or confiscation.
Travelers entering or leaving Vietnam are required to declare if they carry cash exceeding 15,000 USD or its equivalent in other currencies. Failure to declare amounts above this threshold may result in fines or confiscation. To provide more detail on this topic, let’s delve into some additional information.
Interesting facts on bringing cash to Vietnam:
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Currency restrictions: Vietnam applies strict regulations on the amount of cash that can be brought into or taken out of the country to combat illegal activities such as money laundering and smuggling. This is to ensure financial transparency and stability.
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Declaration form: Travelers carrying cash exceeding 15,000 USD or its equivalent in other currencies must fill out a customs declaration form upon arrival or departure. The maximum amount that can be declared is 10,000 USD or the corresponding value in additional currencies.
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Penalties for non-compliance: Failing to declare cash exceeding the threshold can result in penalties. The exact penalties differ based on the amount of undeclared cash, but they can include fines, confiscation of the funds, or even legal action.
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Higher thresholds for Vietnamese citizens: While the general threshold for declaring cash is set at 15,000 USD for most travelers, Vietnamese citizens are allowed to carry up to 5,000,000 VND (equivalent to around 215 USD) in cash without declaration when entering or leaving Vietnam.
As promised, here is a quote related to money and travel:
“Too many people spend money they earned… to buy things they don’t want… to impress people that they don’t like.” – Will Rogers
To provide a clearer overview of different thresholds, here is an example table showcasing the declared amount requirements for various currencies:
| Currency | Declaration Threshold |
|---|---|
| United States Dollar (USD) | $15,000 |
| Euro (EUR) | €13,100 |
| British Pound Sterling (GBP) | £11,200 |
| Japanese Yen (JPY) | ¥1,680,000 |
| Australian Dollar (AUD) | A$20,330 |
Please note that currency exchange rates may fluctuate, so it is essential to check the latest conversion rates and declare accordingly.
Remember to always abide by the regulations and declare any cash exceeding the specified threshold to have a trouble-free travel experience in Vietnam.
Identified other solutions on the web
CURRENCY RESTRICTIONS FOR ENTRY: None. However, Vietnamese Dong in excess of VND 150,000,000 or foreign currency in excess of 5,000 U.S. dollars or equivalent must be declared.
There is no legal limit on the amount of cash you can bring to Vietnam. However, you are required to declare your money if you are carrying an amount that’s equivalent to 5,000 US dollars and above. You can bring up to 15 million VND in cash, or not more than $7,000 USD (or its equivalent in other currencies) per person. You have to declare on the customs forms provided that your luggage includes foreign currency in excess of US$ 5,000.
There are no restrictions on the amount of currency, gold, precious metals and stones; however, you have to declare on the customs forms provided that your luggage includes:
- Foreign currency: in excess of US$ 5,000
- Vietnam Dong: in excess of VND15.000.000
Currently, there is no legal limit on the amount of cash you can bring to Vietnam (either for Vietnamese Dong or any other foreign currency). However, in order to do so legally, you’ll need to declare it by following the proper lawful procedure.
But how much cash are you supposed to bring for your trip to Vietnam? While there’s technically no legal limit on the amount of money you’re allowed to bring into the country, you are required to declare your money if you are carrying an amount that’s equivalent to 5,000 US dollars and above.
Vietnam lets you bring up to 15 million VND in cash, or not more than $7,000 USD (or its equivalent in other currencies) per person.
A visual response to the word “How much cash can I bring to Vietnam?”
In this YouTube video, the speaker discusses the budgeting aspect of a trip to Vietnam. For single travelers, they suggest a budget ranging from $1,000 to $4,000, depending on factors like accommodations and dining preferences. For couples, the budget can be around $2,000 to $3,000. The speaker also highlights the importance of exploring places beyond Saigon and recommends destinations like Hanoi, Sapa, Ha Long Bay, Da Nang, Hoi An, Nha Trang, and Vung Tau. They provide budget estimates for various expenses and suggest using sleeper buses for travel. The speaker emphasizes that Vietnam has its own unique identity and should not be compared to other Southeast Asian countries.
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How much cash can you bring into Vietnam?
Lawfully and legally speaking, under the provisions of Article 2 of Circular 15/2011/TT-NHNN: If you bring over $5,000 US Dollars, other foreign currencies of the same value (or 15,000,000 Vietnamese Dong, you’re going to have to declare it at customs when you get here.
How much money can you take on plane in Vietnam?
Answer to this: If you plan to take money out of Vietnam, you can take out amounts of less than 15 million in Vietnamese dong or USD5000 (or equivalent in other foreign currencies) without declaring this. Any amount in excess of this will need to be declared to Customs at the airport.
Should I bring cash to Vietnam?
As an answer to this: Upon arriving in Vietnam, you’ll want to have some cash in the local currency. You can find ATMs accepting international cards just outside the arrival gates at all major airports. ATMs are a common sight in Vietnamese cities, and you should have no trouble locating one in most destinations.
How do you carry money in Vietnam?
You can put some small notes in a separate pocket or wallet which is easily accessible. VND 100,000 notes, VND 200,000 notes, VND 500,000 notes should be kept in a separate pocket or wallet. 8. Carry small bills and only the cash you need for the day.
How much money can you bring to Vietnam?
As an answer to this: Under this law, which was enforced last September of 2011, anyone who is bringing with them cash of more than5,000 US Dollars or 15 million Vietnamese Dong upon entering the country should declare this particular amount at the custom’s office. This applies to all border entry points, from the airport, to land borders and seaports.
What type of payment is accepted in Vietnam?
As a response to this: Credit cards, debit cards and cash are all accepted, but cash is by far the most accepted form of payment. Outside of major tourist areas, cash should be your primary go-to during your trip. Travel card, debit card or credit card? Credit cards can be used for big ticket purchases in Vietnam.
How much should you eat and drink in Vietnam?
Eating and drinking should remain relatively consistent throughout your stay in Vietnam. In most places, you can easily enjoy a full meal with drinks for under $10. It’s perfectly reasonable to budget $20 a day on food and drink – but you may find yourself spending significantly less.
How much does it cost to withdraw money from Vietnam?
Answer to this: The charge for withdrawal varies by banks but do not exceed $2 per transaction. Except for ANZ which allows a maximum withdrawal of 4,000,000 (about USD200), most other banks allow withdrawal of only 2,000,000 or less (about USD100). All withdrawals are in Vietnam Dong. Larger cash advance can be arranged during office hours with bank staffs.
How much money can you bring to Vietnam?
Response will be: Under this law, which was enforced last September of 2011, anyone who is bringing with them cash of more than5,000 US Dollars or 15 million Vietnamese Dong upon entering the country should declare this particular amount at the custom’s office. This applies to all border entry points, from the airport, to land borders and seaports.
What type of payment is accepted in Vietnam?
The answer is: Credit cards, debit cards and cash are all accepted, but cash is by far the most accepted form of payment. Outside of major tourist areas, cash should be your primary go-to during your trip. Travel card, debit card or credit card? Credit cards can be used for big ticket purchases in Vietnam.
How much does it cost to withdraw money from Vietnam?
The reply will be: The charge for withdrawal varies by banks but do not exceed $2 per transaction. Except for ANZ which allows a maximum withdrawal of 4,000,000 (about USD200), most other banks allow withdrawal of only 2,000,000 or less (about USD100). All withdrawals are in Vietnam Dong. Larger cash advance can be arranged during office hours with bank staffs.
Can you use a credit card in Vietnam?
In reply to that: Credit cards can be used for big ticket purchases in Vietnam. For example, in Hanoi mid- to high-end hotels, restaurants and retailers will take Visa and Mastercard — you’ll struggle to find merchants who take American Express credit cards and prepaid travel cards. Everywhere else you’ll need to pay with cash.