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Everyone uses US$ for large transactions, or they did when I was last there. Contacts specify payment on in dollars too.
by barry-cotter 4y ago
Everyone uses US$ for large transactions, or they did when I was last there. Contacts specify payment on in dollars too.
- latchkey 4y agoIt is illegal to use USD for transactions in VN. https://www.loc.gov/item/global-legal-monitor/2015-11-03/vietnam-central-bank-currency-regulation-issued/ https://www.loc.gov/item/global-legal-monitor/2015-11-03/vie... http://www.apac-legal.com/c/the-use-of-foreign-currencies-in-contract-and-transaction-in-vietnam http://www.apac-legal.com/c/the-use-of-foreign-currencies-in... That said, it is Vietnam, so it does happen anyway... like at the gold dealers... https://vietnamnet.vn/en/despite-a-ban-us-dollar-transactions-common-in-vietnam-E211030.html https://vietnamnet.vn/en/despite-a-ban-us-dollar-transaction... Some contracts (especially foreigner housing rental and things like buying motorbikes) specify payment in USD but accept payment in VND, so that they can nail you on the conversion rate. Side note, the link in your bio goes to some chinese spam site...