Currency

In This South Asian Country, Indian Currency The Strongest


When planning international trips, budget considerations often play a significant role, with various strategies employed to mitigate the expenses associated with foreign travel. From packing snacks for midnight cravings to opting for hostels and utilising travel passes, travellers strive to make the most of their budget, especially in countries where the local currency holds a favourable exchange rate. Despite the Indian Rupee having a lower value compared to currencies like the pound and dollar, there are destinations where it stands strong – one such option being Vietnam.

Vietnam, with its long history of a centralised economy, has recently embraced a shift toward a market economy. While the country is still navigating this economic transformation, there are promising signs of improvement, including the potential for the local currency to strengthen. Currently, the Vietnamese Dong is highly devalued, presenting an opportune moment for budget-conscious travellers.

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The exchange rate is notably favourable for Indian travellers, with 1 Indian Rupee equivalent to 291.23 Vietnamese Dong. This advantageous conversion rate makes Vietnam an attractive destination for those seeking value for money during their international travels.

Beyond the financial benefits, Vietnam offers a diverse range of attractions. As the world’s second-largest producer of coffee after Brazil, the country boasts a rich cultural tapestry, featuring French colonial architecture, expansive cave systems, and vibrant nightlife. Travellers can indulge in delectable cuisine, partake in water-related activities, and explore historical sites like the Hoi Truong Thong Nhat Palace as part of their itinerary in Ho Chi Minh City.

For Indian travellers, Vietnam is also geographically accessible, with Vietnam Airlines and VietJet providing direct or one-stop flights from major Indian cities such as Delhi, Mumbai, and Kolkata to key Vietnamese destinations like Hanoi, Ho Chi Minh City, and Phu Quoc.

The process of planning a trip to Vietnam is further facilitated by the option to apply for an e-visa online, with a quick turnaround time of four working days and a validity of 30 days. English is widely spoken in Vietnam, easing communication for international visitors, and currency exchange facilities are readily available at banks, airports, and authorized jewellery stores, simplifying financial transactions during the stay.

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    first published: December 15, 2023, 11:58 IST

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