How to use US dollars and withdraw cash from ATMs in Vinh City

Using US dollars in Vietnam, especially in Vinh City, has some limitations. However, we will provide you with some useful information for your reference:

1. Using US dollars in Vietnam:

   • Limitations: The US dollar is not the official currency in Vietnam. Therefore, not all places accept payment in US dollars.
   • Places where you can use it:
     • Gold shops: Some gold shops may buy or exchange US dollars, but the exchange rate may vary depending on the shop.

2. Withdrawing cash from ATMs in Vinh City:

   • Types of cards: You can withdraw cash at ATMs in Vinh City using domestic ATM cards or international cards (Visa, Mastercard, JCB…).
   • Banks: Major banks in Vietnam such as Vietcombank, Vietinbank, Agribank, Techcombank… have extensive ATM networks throughout Vinh City.
   • Fees: When withdrawing cash with an international card, you will incur some fees such as foreign ATM withdrawal fees and currency conversion fees.

3. Exchanging currency:

   • Banks: This is the safest and most reliable place to exchange currency. You can bring US dollars in cash to banks to exchange for Vietnamese dong.
   • Gold shops: As mentioned above, some gold shops also offer currency exchange services, but the exchange rate may not be as favorable as at banks.
   • Foreign exchange counters: In some tourist areas, you may find foreign exchange counters. However, you should choose reputable places to avoid risks.

Note:

• Exchange rates: Exchange rates can fluctuate daily. You should check the exchange rate before making a transaction.
• Fees: Be sure to understand all the fees associated with exchanging currency or withdrawing cash from ATMs to avoid unexpected costs.
• Safety: When carrying a large amount of cash, you should be careful to keep it safe and avoid exposing your personal belongings.

Tips:

• Carry an adequate amount of Vietnamese dong: This will be convenient for shopping and paying for services locally.
• Notify your bank: Before traveling, you should notify your bank of your plans to use your card to avoid having your card blocked.
• Use banking apps: Many banks now offer mobile apps that allow you to monitor your account and make transactions easily.

For more information, please contact Vinh Guru.