Banking & Money in Vietnam: real experience from chats
Real experience of people from chats on «Banking & Money» in Vietnam — as it is, no fluff. For your case — ask Luky.
From real experience
Sberbank's Mir card users in Vietnam can make payments via QR codes. Ensure the Sberbank app is updated to the latest version. Scan the vendor's QR code, input the amount in VND, and the payment will be debited in rubles with no conversion fees and a favorable exchange rate. This method is effective even in small shops lacking traditional terminals, providing a convenient alternative to carrying large amounts of cash.
For full functionality with local services like Shopee or TikTok Shop and for opening local bank accounts, a SIM card purchased and registered at a telecom store is required, rather than a tourist SIM. Local bank accounts also need a local SIM.
A user arriving in Nha Trang, Vietnam, is looking for tourist insurance services and information on obtaining a tourist visa. They also mentioned needing a visa to open a bank account. This highlights the procedural requirements for tourists and potential residents.
Explain how to purchase Vietnamese SIM cards and top-up scratch cards (e-vouchers) for mobile phone plans. Clarify the process of using these cards for payment within apps or for topping up accounts, and mention that local stores usually sell them.
To withdraw VND using a T-Bank (Tinkoff) MIR card at VRB ATMs with the best exchange rate, open a VND account in the banking app, exchange RUB to VND during Moscow exchange working hours, link the MIR card to this VND account, and withdraw cash. Note that withdrawals below the equivalent of 3,000 RUB incur a commission.
In Nha Trang, VRB (Vietnam Russia Bank) ATMs are frequently used by Russian tourists. Users report that Sovcombank (Halva) cards may have no withdrawal fees, while Sberbank cards often incur transaction charges. The best exchange rate is generally achieved via P2P transfers on platforms like Bybit to a local Vietnamese account.
Using a Thai Baht-denominated card (e.g., from Bangkok Bank) in Vietnam is possible for direct purchases. The exchange rate's competitiveness depends on the source of the Baht funds; if acquired via cryptocurrency, it might be comparable to USD. However, withdrawing cash from such a card in Vietnam is generally less favorable. Be aware that card acceptance is not universal, and a 3% surcharge may apply for card payments.
For ATM withdrawals in Vietnam using a 'Mir' card (like the Ozon card), it is specifically recommended to use VRB ATMs. This advice is crucial for travelers carrying Russian bank cards.
Alipay functions primarily for Chinese nationals outside of mainland China. Tourists and foreign residents in Vietnam cannot use Alipay for local payments or currency exchange. QR payments in Vietnam typically require local banking apps or specific supported regional payment systems.
Advise on steps to take after losing a bank card in Nha Trang, Vietnam. Suggest contacting the bank immediately to block the card. Recommend approaching the relevant stores (WinMart, MoonMilk) to inquire about CCTV footage, though acknowledge that recovering the physical card might be difficult. Advise on reporting the loss to local authorities if necessary.
When bringing US Dollars to Vietnam for exchange, prioritize new series ($100 'blue' bills issued from 2009 onwards). Bills older than 2009 (especially pre-2006 'white' bills) are either rejected or exchanged at a lower rate. Smaller denominations ($50, $20, etc.) also yield worse exchange rates.
Russian banking apps (like Sberbank) on iOS may face issues with QR payments in Vietnam; web-version workarounds or using crypto exchanges like ByBit to pay via QR are recommended alternatives for seamless transactions.
Upon late-night arrival in Hanoi, with hotel check-in only in the morning and no airport hotels available, currency exchange options are limited. Airport exchange rates may be higher, but were reported to be comparable to city exchange offices on May 22nd (26350 VND per USD). It's advisable to use new USD bills for better rates. UnionPay cards, particularly Ruble-denominated ones, are accepted for payments, offering favorable exchange rates. Withdrawing cash from ATMs is not recommended due to high fees and poor exchange rates.
As of May 6, 2026, VTB Bank (Russia) applies a 4% commission (minimum 300 RUB / 6 USD/EUR) for cash withdrawals at all third-party ATMs, including international ones. Users are advised to check updated tariff documents (Section 7.1.2) and consider alternative payment methods like P2P platforms (e.g., Bybit) or using local bank accounts.
Kazakhstani bank cards work in Vietnam. VRB bank ATMs are recommended for withdrawals. To get a better exchange rate, open a local currency account in your banking app, transfer funds there, and withdraw local currency directly.
Exchange rates in Vietnam vary. Exchanging Russian Rubles directly for Vietnamese Dong offers a rate of approximately 322 VND per RUB. It is more advantageous to exchange USD, with a rate of roughly 100 USD = 2,600,000 VND. Using Sberbank for QR code payments yields approximately 340-342 VND per RUB. Withdrawing cash from a MIR card at VRB ATMs might offer better rates, but this should be verified. Exchanging USD is generally recommended.
It is generally permissible to take Vietnamese Dong out of Vietnam. However, there are legal limits on the amount of currency that can be exported. Typically, exceeding a certain limit (e.g., over 5,000 USD in any currency equivalent) may require declaration or be subject to restrictions. It's best to check the latest customs regulations for specific amounts.
Payment methods in Vietnam for Russian travelers can be inconsistent. 'Mir' cards may face issues, while UnionPay might have better acceptance. QR code payments, particularly from Sberbank, have been reported to work in some locations, but acceptance can be selective. For example, QR codes might not work at Gold Coast mall. Withdrawal from VRB ATMs using 'Mir' cards is possible. It is advisable to confirm current card acceptance policies and have backup payment methods, such as cash or other card types, readily available.
Russian tourists in Vietnam can use VRB (Vietnam-Russia Joint Venture Bank) ATMs to withdraw cash with 'Mir' cards. For everyday payments, UnionPay cards from Russian banks (e.g., RSHB) are widely accepted in restaurants and supermarkets. Alternative payment methods include QR-code transfers via Russian banking apps (Sber, Tinkoff, MTS). US dollars (even older bills) are typically exchanged at local jewelry stores.
Russian Mir cards are not directly accepted in Vietnam. However, QR code payments via Sberbank, VTB, Bybit, and Binance apps are a functional alternative. Scan the vendor's QR code, enter the amount in VND, and rubles will be debited with no conversion fees and a favorable rate. Ensure the Sberbank app is updated. For cash withdrawals, VRB ATMs are available but scarce, especially on islands. UnionPay cards are recommended for general use, but QR payments from Russian cards offer a convenient fallback.
Travelers can withdraw local currency (VND) directly from Russian 'Mir' cards at VRB (Vietnam-Russia Joint Venture Bank) ATMs in Vietnam. For initial airport-to-hotel logistics, travelers can pre-pay transfers in Russian Rubles via platforms like Trip.com, then stop at a VRB ATM on the way to withdraw cash.
Users may experience issues with Sberbank QR code payments in Vietnam, with some QR codes not being accepted. Ensuring the Sberbank app is updated, particularly on iPhones, is recommended. For Android users, checking settings for blocks or trying alternative QR codes might resolve the issue. Some local QR codes, like those for art schools, have been reported to work successfully.
For RosSelkhozBank Union Pay card in Vietnam: For cash withdrawals, a RUB-denominated card is generally better (RUB card withdrawal fee: 250 RUB, CNY card withdrawal fee: min 70 CNY). For cashless payments, expect a 3-5% commission regardless of currency. RUB-denominated cards are more universal and often free to issue, while CNY cards may cost 4500 RUB to issue.
For long-term cashless payments in Vietnam, open a local Vietnamese bank account (e.g., Bidv, Vietcombank) and use QR payments. For optimal conversion rates, exchange RUB to VND via Bybit or similar crypto exchange and transfer to the local VND account.
When installing a Vietnamese eSIM (e.g., Viettel) purchased via Trip.com, a network error during the activation process can render the QR code 'already used' without actually adding the profile to the device. In this case, users should contact Trip.com support immediately. Despite non-refundable policies, support frequently issues a new QR code or processes a full refund. Disabling the physical SIM card during eSIM setup can prevent activation errors.
When withdrawing cash from ATMs in Vietnam using a MIR card, different banks offer varying exchange rates. It is recommended to compare rates from different banks, such as VRB, to find the most favorable option. Rates can fluctuate, so checking current rates before withdrawal is advisable.
Explain the process of making payments via QR code in Vietnam using apps like Sberbank, detailing how to scan the code and the conversion from VND to RUB. Also, caution users about potential issues when paying landlords via QR code, such as unfavorable exchange rates and the lack of official receipts.
Relocation costs to Nha Trang, Vietnam, are estimated at around 100,000 RUB per person (excluding flights) for initial expenses like temporary accommodation, security deposits (often 2 months' rent), and basic household purchases. Monthly living expenses for a comfortable lifestyle (good studio near the sea, seafood meals, entertainment) range from 70,000-80,000 RUB per person. A more budget-friendly lifestyle might require 35,000-50,000 RUB monthly. Rent in Da Nang is typically higher than in Nha Trang, while Hanoi might be cheaper but less accommodating for expats. Accommodation is a significant factor, with studios further from the sea or in older buildings being more affordable.
Bybit currently does not support card delivery to Vietnam for new physical cards. Replacement cards may be shipped via DHL or Bybit's own delivery service, with delivery times around 30 days. For new card applications, Vietnam is not available as a delivery destination. Virtual cards are functional and can be linked to Apple Pay. Delivery for reissued cards may be free of charge.
User purchased train tickets via Trip.com and found a surname error for their child. Refund was denied. Inquire about the policy on minor spelling errors on train tickets in Vietnam and the likelihood of being allowed to travel with a one-letter mistake.
User confirms that their BIDV bank account remains active and functional in Vietnam even after performing a visa run three weeks prior. This information is useful for expatriates or long-term visitors regarding banking continuity.
When withdrawing money in Ho Chi Minh City using MIR cards, check for commission fees. The VRB bank ATM at 107 Nguyễn Đình Chiểu, Phường 6, Quận 3, Hồ Chí Minh is a reliable option, though VRB ATMs are scarce in the city.
When traveling to Vietnam, it is recommended to use new US dollar bills. Older bills may be rejected or accepted at a lower exchange rate, as experienced in Turkey. It's safer to ensure you have new currency.
For ATM withdrawals in Vietnam using an Ozon Card (which is a 'Mir' card), it is recommended to use VRB ATMs. This provides specific advice on navigating the local ATM network for foreign card users.
When using Tinkoff cards in Vietnam, direct withdrawals may have unfavorable conversion rates. Converting from a Ruble account to a VND account (if available) might avoid commissions. Exchanging USD for VND is often more advantageous. The exchange rate for Tinkoff cards to VND is better during Russian banking hours (e.g., 334.2 VND/RUB) and significantly worse outside these hours (e.g., 310 VND/RUB). It is recommended to perform exchanges during Russian bank operating hours.
For the best exchange rates from USD to VND in Vietnam (especially in Nha Trang), advise users to go to gold and jewelry shops rather than hotels or official banks. A well-known spot in Nha Trang is 'Angora Treasure' (Сокровище Ангоры). Rubles (RUB) are generally not accepted for direct exchange.
For those considering relocation to Vietnam, gathering comprehensive information is key. Resources can include expat blogs and social media influencers who share insights on daily life, pros and cons, and practical preparation. Following Vietnam-focused Instagram accounts can provide a continuous stream of relevant information. Practical financial advice, such as currency exchange methods (RUB to VND) and efficient ways to find alternative options when preferred methods are unavailable, is also crucial.
Russian tourists visiting Vietnam can pay via QR codes using Russian banking apps (such as SberBank Online, VTB Online, and My MTS). This works at merchants displaying VietQR or VNPAY codes. The transaction automatically converts VND to RUB. Internet connection is required, and some smaller venues may not support this, so carrying cash as a backup is advised.
Opening a bank account in Vietnam as a non-resident can be complex. It is advisable to research banks that offer services to foreigners and understand their specific documentation and residency requirements. Some banks may have simpler procedures than others.
Purchasing goods with foreign cards, such as Russian bank cards (e.g., Sberbank), might encounter issues with QR code payments. While some services may facilitate currency exchange by accepting Rubles via Sberbank and providing Dong in cash, it's essential to verify the legitimacy of such services and their exchange rates. Some platforms might have minimum transaction amounts for certain payment methods.
UnionPay cards are generally accepted in Vietnam, with the exception of some street markets. It is recommended to confirm acceptance with individual vendors.
A local Vietnamese SIM card is often required for registration on platforms like Lazada. Any local operator's SIM will suffice. Obtaining a Vietnamese bank card without a residence permit (WНЖ) is highly unlikely; consider asking local acquaintances to make online purchases with cash on your behalf. Cryptocurrency offers an alternative payment method, but ensure your Russian bank cards are compatible with crypto exchanges, as compatibility can change, and some cards may be blocked.
Confirm that Kazakhstani bank cards, particularly Visa and Mastercard linked to USD or EUR accounts, are generally accepted for payments in Nha Trang, Vietnam. Advise travelers to confirm with their bank for any specific restrictions or fees that might apply and to carry some local currency as a backup.
In Nha Trang, newer US dollar bills (post-2009, often identified by a blue security ribbon) may receive a slightly better exchange rate than older ones. For example, old bills might be exchanged at 2,590,000 VND, while new bills could be exchanged at 2,620,000 VND for the same amount. Jewelry stores are often reported to offer better exchange rates than standard exchange offices.
For payments in Vietnam, QR transactions via Russian banks (Sber, VTB, MTS) can be slow (up to 1.5 minutes for confirmation). Payments may sometimes be rounded down by 1 VND, causing merchant verification issues. When using UnionPay at ATMs, note that some terminals require 6-digit PINs; if your PIN is 4 digits, try adding two zeros at the end.
To withdraw cash (Vietnamese Dong) using Russian 'Mir' cards, travelers must use ATMs belonging to VRB (Vietnam-Russia Joint Venture Bank). VRB is the only bank in Vietnam that supports the Mir payment system. Withdrawals with Mir cards from major Russian banks (such as VTB, Alfa, or T-Bank) are processed at relatively favorable exchange rates, often superior to peer-to-peer exchange services.
Russian 'Mir' cards can be used for cash withdrawals at Vietnam-Russia Bank (VRB) ATMs. To optimize, users should create a VND sub-account within their banking app, transfer funds, set the VND account as default, and withdraw at VRB ATMs.
Vietnamese Dong can be withdrawn from a Russian 'Mir' card at VRB ATMs. The exchange rate and commission depend on the issuing bank of the card.
When withdrawing Vietnamese Dong (VND) using Russian bank cards in Vietnam, be aware of potential fees and exchange rates. Some users reported withdrawing VND using VTB cards at a rate of approximately 331 VND per RUB, with no reported commission. However, other users suggest checking with Sberbank, which might charge a commission of around 200 RUB per withdrawal. It is advisable to confirm the latest fee structure and exchange rates with your specific bank before making withdrawals.
To obtain a Visa card in Vietnam, individuals with a tourist visa may face restrictions. Some banks, like Vietcombank, may only allow account opening without immediate card issuance. A residence permit (ВНЖ) might be required for card issuance.
To open a bank account in Vietnam, visit BIDV or VRB. Bring your passport and a local phone number. The account can be opened in about 30 minutes, and the card will be ready in 10 days. Success may depend on the specific branch and manager; try another branch if the first attempt fails. BIDV may offer a simpler process with fewer forms and guidance on filling out applications compared to Vietcombank.
Explain the process and requirements for tourists to open bank accounts and obtain debit cards in Vietnam (e.g., Vietcombank, BIDV). Note that having an e-visa might facilitate the process, but requirements can vary by bank and individual circumstances.
For authentic goods and electronics in Danang, Vietnam, shopping malls are recommended. For specific items like Glo sticks, the Shopee marketplace is a viable option, though registration often requires a local Vietnamese SIM card. Obtaining a local bank card without a long-term visa (WНЖ) is difficult; consider asking Vietnamese friends to purchase items online with cash. For digital purchases where local payment methods are needed, cryptocurrency can be an alternative, but ensure you have compatible Russian bank cards.
In Vietnamese tourist areas, currency exchanges and hotels frequently refuse to exchange Euro banknotes of denominations smaller than 100 EUR, or they offer unfavorable rates. Conversely, US Dollars (USD) are widely accepted and exchanged even in small denominations.
To go cashless and pay by QR code in Nha Trang, consider opening a local bank account or using the Bybit platform. Bybit allows for USDT payments via QR code directly from the app. Avoid tourist-inflated prices in malls and opt for local shops for better deals.
Opening a BIDV bank card in Vietnam is possible. The card is issued for 5 years but may be linked to the visa's validity period; if the visa is near expiration, renewal might be required. Although some report cards continue to work after visa expiry or leaving Vietnam. If an account already exists, applying for a card takes about 10 business days. Visit any nearby branch.
For Russian bank cards in Nha Trang, Vietnam, VRB (Vietnam-Russia Joint Venture Bank) ATMs allow withdrawals of up to 5,000,000 VND per transaction. Other local bank ATMs typically limit withdrawals to 2,000,000 VND. Sberbank charges a fixed fee (approx. 200 RUB) per ATM withdrawal operation.
Russian airlines are generally required to allow passengers traveling together to pool their checked baggage allowances. Ensure that the combined weight and dimensions of the pooled luggage do not exceed the maximum limits. Be aware that if online check-in has already been completed, the airline might not offer a full refund for previously paid excess baggage fees, even if pooling is subsequently arranged.
Foreigners can open bank accounts in Vietnam. Vietcombank (VCB) issues accounts and cards in about 3 hours (requires passport, VN phone number, and local address), which enables QR code payments. BIDV offers cards valid for up to 5 years. If opened using a 90-day e-visa, banks often freeze the account upon visa expiration until a new visa/stamp is presented. P2P transfers via platforms like Bybit to the local VN account are highly recommended for fund transfers.
The log does not provide information on whether UnionPay cards are accepted in Vietnam or if they can be used for ATM withdrawals, including details on potential commissions.
A user planning to open a bank account in Vietnam has noted that a visa is required. This highlights the necessity of obtaining the correct visa status for financial services.
Seek information on whether Belagroprombank (Visa) and Belkart cards from Belagroprombank and Belarusbank are currently functional for transactions in Vietnam, including in shopping malls and stores.
QR code payments are increasingly accepted in Vietnam, often processed through bank applications. A currency conversion fee may apply, with rates around 7% reported. Acceptance can vary: while some fruit stalls and shops may accept QR payments, larger establishments like coffee chains or stores might be selective or prefer partial payment via QR code combined with cash. Ensure your banking app supports QR payments and check for associated fees.
Payments via VietQR using Russian banking apps (Sber, VTB, Gazprombank) are widely available but intermittently unstable. ATMs operated by VRB (Vietnam-Russia Joint Venture Bank) support Russian cards (MIR) for cash withdrawals. Standard withdrawal fees for approx. 10 million VND are around 624 RUB.
When attempting to open an account and obtain a card at Vietcombank in Vietnam, it was stated that only an account could be opened, and a residence permit (ВНЖ) is required for card issuance.
Investigate the possibility of opening a bank account in Vietnam (specifically in Nha Trang) without possessing a visa. Inquire about requirements and procedures, noting that some banks may require a visa.
To use ride-sharing apps like Grab and Maxim in Vietnam with a Russian SIM card and bank card: registration and usage are generally possible. Payment can be made in cash. Some drivers accept QR code payments via Russian banking apps (e.g., Sberbank). Purchasing a local e-SIM is recommended for stable internet. Alternatively, consider Indrive, which may offer lower prices and potentially work without a local number.
To exchange crypto to VND: Open a VND account in Tbank during business hours, top it up from a RUB account. Link a Mir card to the VND account and withdraw from VRB ATMs. Withdraw amounts equivalent to 3000 RUB (approx. 1.5 million VND) or more to avoid fees. This method is reported to be more favorable than Sberbank.
To obtain a visa on arrival in Vietnam, travelers typically require an e-visa or an official approval letter. A passport valid for at least 6 months is mandatory. Some banks, like VCB and BIDV, may require an e-visa for card issuance, while a stamp (entry permit) might only allow account opening. The specific requirements can vary depending on the bank and type of visa.
Vietnam mobile verification commands: 1) Mobifone: send 'tttb [passport_number]' to 1414. 2) Viettel: send 'FYI' (check local official site for updates). These commands are used to verify subscriber identity (eKYC) required for banking services.
The functionality and efficiency of the Wowbat app for QR code payments in Vietnam, especially in comparison to Sberbank, is currently unconfirmed by the provided log data. Further user feedback or official information would be required to assess its performance and benefits.
Payment failures using Sberbank's QR code system in Vietnam have been reported on iOS devices, with an error message indicating incompatibility. Payments from Android devices worked without issues. This suggests a potential limitation of the Sberbank payment system with iOS in Vietnam.
Russian Rosselkhozbank (RSB) UnionPay cards are functional in Vietnam, primarily in major supermarkets, chain restaurants, and hotels. Small local shops may not accept them. Using a yuan-denominated UnionPay card can be cost-effective due to the exchange rate, but users should be aware of potential 2-3% surcharges added by some merchants for card transactions.
When traveling to Vietnam, it is generally more advantageous to exchange USD rather than RUB. While some informal exchanges for RUB might exist, they often come with unfavorable rates or risks. USD can be exchanged for Vietnamese Dong (VND) in various locations, including exchange offices, jewelry stores, and sometimes hotels. Jewelry stores are often reported to offer the best rates. Euros are also generally exchangeable in Vietnam without significant issues. Exchange rates at Cam Ranh Airport are typically less competitive compared to those in the city. It's advisable to carry a mix of USD and VND upon arrival and to seek out reputable exchange points for better rates.
When paying with an RSB card in Vietnam, a US Dollar account is not strictly necessary; a Yuan or even a Ruble account should suffice due to conversion processes.
Explain the feasibility and requirements for opening bank deposits in Vietnam as a tourist. Clarify interest rates and specify which banks might offer such services. Note any restrictions related to visa status.
The exchange rate for USD to VND at the airport upon arrival can be unfavorable, with rates as low as 27,000 VND per 1 USD reported. It is advisable to seek better exchange rates elsewhere, such as in local jewelry stores or banks outside the airport.
Confirm whether Apple Pay is functional in Vietnam and identify specific stores or types of establishments that accept it. Note any known limitations or specific terminal requirements.