Where can I find current exchange rates for local currency?
One currency website we recommend is www.xe.com. On arrival at your destination, you can find current local exchange rates easily at the hotel reception or at most local banks. The rates offered by the hotels are often favorable to the bank rate as they do not charge commissions.
Should I use Credit Cards, Debit Cards, and/or Traveler’s Cheques?
Credit Cards
In Vietnam and Cambodia, credit cards are widely accepted at most hotels and better restaurants and shops. In Laos, credit cards are accepted in major hotels in main cities like Vientiane, Luang Prabang, and Yangon (only). Bear in mind that a surcharge usually applies for credit card purchases at 3% (Visa& Mastercard) or 4% (American Express).
Automatic Teller Machines (ATMs) ATMs are now found widely across Southeast Asia, except for Myanmar. ATMs accept a wide variety of different card types and usually issue the local currency, except in Cambodia where it is USD. There is a maximum daily withdrawal limit, and this varies between different countries and banks up to from approx US$100 - US$400 per day. There will be a local fee for the ATM service, plus your own bank’s charges for foreign withdrawals and currency exchange.
Traveler’s Cheques
In Vietnam, Cambodia, and Laos, traveler's cheques are accepted on a limited basis and there is a fee for exchange in most cases.
Should I use USD, Euro, or the local currency?
In Vietnam, you must change money into local currency. However, the Vietnam Dong is not tradable outside Vietnam so you should only change a little at a time. In Cambodia, Laos & Myanmar, you can make larger purchases with USD but you will need some local currency for day-to-day small purchases like local restaurants, a bottle of water, souvenirs, etc. As a general rule across all countries, if shopping in the market or in a shop where you might bargain, you will probably get a better price in the local currency.
How do I bargain when buying things in Southeast Asia?
Bargaining is acceptable and common in small local shops and vendors in the market since they do not have fixed prices. You can start by discounting 50% of the offered price and slowly bargain upwards. The fixed price concept is applicable in international shops and department stores.
What is the best way to ship items home?
The vendor may be able to recommend a freight forwarder or shipping agent. If you choose to ship items home, we highly recommend that you buy shipping insurance and check the policy details including import tax in your country as shops will not be held responsible for damages or taxes incurred en route. It is better to be safe than sorry.
What is a reasonable amount to tip a tour guide or driver if I am happy with their service?
Tipping is not compulsory but it is greatly appreciated throughout Southeast Asia, especially in the service industry. For reference, we have provided a general guideline below.
Tour Guide/Drivers
If you are pleased with the services provided by your tour guide and driver, then a tip for their hard work will be very much appreciated. In general, we recommend around US$7 -10/day/traveler for guides and US$5-7/day/traveler for drivers if less than 4 people in a group. We recommend around US$5-10/day/traveler for guides and US$3-5/day/traveler for drivers if there are 5 people or more.
A tipping of 5-10% of the total bill in restaurants is appreciated. If you stay a couple of days in the same hotel, a tip to the maid service of $1-2/day is appreciated. For porters, US$1-2/time/room is acceptable.
Boat Cruise
If you travel on a local basic boat such as in the Mekong Delta, Nha Trang, Hue, Hoi An, etc., a suggested tip from US$5-10 per boat is appreciated - more or less depending on the group size and the trip's duration. For an overnight boat trip such as in Halong Bay or river cruises, the suggestion is $10 - $15 per person per night to cover all the boat crew.
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