Vietnamese Dong in TPE

I need to know… if there is anywhere I can convert NT (TWD) into VND (Vietnamese Dong) in Taiwan? Can I do this at Chinatrust in Taipei? TTY (Taiwan Taoyuan Int’l) airport? HKG Airport?

I will be going via HKG to VN. Is TWD (NT) exchangeable outside Taiwan?

Man did I ever misinterpret this post title.

ROTFLMAO! :wink: Sorry 'bout that. Hopefully, I’ll get my question answered quickly and this’ll fall to the bottom :stuck_out_tongue:

As far as I know, Dong are not convertibe outside of Vietnam.

When I was in VN 11 years ago NT dollars were accepted and convertible in tourist areas in a “black market” sort of way, with the seller of NT getting the benefit of the trade (NT tourist dollars, as “hard currency”, were in high demand). But that was 11 years ago, so I don’t know today’s situation.

You could always convert some NT to USD before going to VN.

Convert enough to USD, but carry enough NTD if you find the exchange rate suitable for you! That way you are covered in both ways.

There are times when carrying USD can save your neck!

Kenneth

There’s loads of Viet punane, but little in the way of dong.

That said, for your currency needs, buy US dollars. Get loads of small notes. Exchange all your Viet currency before you leave Vietnam.

HG

[quote=“Huang Guang Chen”]There’s loads of Viet punane, but little in the way of dong.

That said, for your currency needs, buy US dollars. Get loads of small notes. Exchange all your Viet currency before you leave Vietnam.

HG[/quote]

對啦… But I want to keep some just for the curiosity value - I mean, the 500,000d note is the world’s largest currency note (compared to real street value) and it’s kind of interesting looking. That’s the whole point of carrying VND anyway, right? :wink:

Probably too late now…

But I can confirm, it really is very difficult to convert NT$ to VND in Vietnam. It was easier in the past than now. The Dong is more stable than it used to be. For example 5 years ago, 1US$=VND15,780. This has slipped to the present rate of VND16,650 - a decline of 5%. It was around VND10,000 during my first trip there at the end of 1993. I have long since stopped worrying about holding some dong and sometimes return to find it has appreciated in my absence.

If you really must change NT$ in VN, then go to a jewellery shop, or a private forex dealer working out of a shop. You will get a poor rate, though. Don’t change it on the street. The best rate I got for some visiting Taiwanese when I worked there a few years back was around VND450/NT$1. Going via USD would have got about VND480. Believe it or not, one way this stuff gets changed, is via VN Airlines cabin crew hand carrying the NT$ on flights here and changing it at the airport back to USD which they take back to Vietnam the next day.

USD, GBP, EUR, JPY are the best. For changing USD, I would take US$50 or US$100. Some places give a better rate for these. Even if you have to buy these in Taiwan before you go just to change them when you arrive, then do this rather than take NT$. OR consider using ATMs in Vietnam. But they do charge. The charge is not high (can’t remember - maybe VND20,000), but most machines will only dispense VND2M at one time (roughly NT$4000). This is because they will only dispense 40 bank notes in one transaction. Some dispense VND100,000 notes, but seem to be restricted to dispensing 35 of them (ie VND3.5M). There is a machine at the airport in Saigon just after the x-ray as you leave the customs hall. For changing your USD, pretty much all banks give the same decent rate. The forex counter at the airport at Saigon gives a poorer rate, but it is still cheaper to change some USD there, and use a meter taxi on a meter in VND, than pay in USD. If you’re being collected, then change the money in the city centre.

Generally when shopping, I would use VND. Using USD is asking to pay more - though you might feel the numbers are easier to handle. The exception is hotels, where rates are usually quoted in USD. If you pay in VND, you might lose a little, but generally they are pretty honest in doing the conversion. If you pay by credit card, all except the “major hotels” will insist you pay 2% to 4% extra to cover credit card handling.

Don’t forget to leave enough cash to pay airport tax on departure. From memory, USD12 in Saigon. You can pay this in VND too. The equivalent - around VND200,000 is posted on a sign at the top of the stairs after customs and before immigration. They will round any change in their favour! Be warned: some Taiwanese told me they were ripped off here - they were told they could pay in NT$ and then charged NT$2000 each…

[quote=“london-boy”]Probably too late now…

Don’t forget to leave enough cash to pay airport tax on departure. From memory, USD12 in Saigon. You can pay this in VND too. The equivalent - around VND200,000 is posted on a sign at the top of the stairs after customs and before immigration. They will round any change in their favour! Be warned: some Taiwanese told me they were ripped off here - they were told they could pay in NT$ and then charged NT$2000 each…[/quote]

To add my 2 cents worth
Just got back from SGN this week.

  1. Airport tax is now included in the air ticket as of Nov 1 2006. So don’t bother to keep VND220,000 for that.
  2. As all posters say - change into USD and then convert it to VND. The prices are always better in VND than USD - except at the airport where everything is in USD and they give you a lousy exchange rate when you want to pay in VND.
  3. Have fun! Don’t forget to drop by Apocalypse Now! I know, I know, it’s a tourist trap but it does reminds me of the Beach Club in KL, albeit a little more sleazy but just as fun! Hahahaha