One thing that may be crossing your mind as you plan that fun-filled excursion to Vietnam is how much cash you can safely carry when visiting. A wise choice indeed would be to bring both Vietnamese Dong and a bit of foreign currency as well, just in case. But before you get any bright ideas about stuffing your briefcase full of hundreds and hopping on the next plane to Saigon, it might behoove you to check out this nifty information on Vietnamese laws on foreign currency.
How much cash can I carry into Vietnam?
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.
So what do I need to do?
Well, you could certainly sew it all up into the lining of your posh waistcoat or cram it into secret pockets, but we’ll go into why that’s not such a great idea in just a moment. Let’s talk amounts. 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.
- If you bring under that amount, but you’re also planning on depositing it into a foreign currency payment account at a credit institution or branch of a foreign bank authorized to engage in foreign exchange, you should also plan on chumming up with the customs officers, because you’re going to need to declare it on arrival.
- However, if you’ve got under $5,000 USD and you just came here to sip margaritas by the pool or whatever, you’ll be off the hook for any customs declarations. Simple as that!
If I bring cash into Vietnam without declaring it, what will they do to me?
Well I’m so glad you asked! Under the provisions of Article 10 of Decree 128/2020/ND-CP, those bringing hefty wads of cash into Vietnam without complying with the law can be fined up to 50,000,000 VND, an exorbitant sum equal to around $2,000 USD. Imagine what a damper paying that would put on your vacation!
To have the absolute maximum in good times when coming to Vietnam (or any country, for that matter), the importance of respecting the local laws and customs cannot be stressed enough. When carrying your fat stacks into Vietnam, make sure you’re clear as crystal as to the laws and regulations regarding cashflow across borders.