Business & M&A, Legal Knowledge

Can a Travel Company Quote in Foreign Currency? Current Legal Rules

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Quick answer: Yes — when serving non-residents. Under Circular No. 32/2013/TT-NHNN (guiding the restrictions on foreign exchange use within the territory of Vietnam; now consolidated in Consolidated Document No. 28/VBHN-NHNN dated 20/01/2026), an organization may quote and value in foreign currency and receive payment in foreign currency by transfer when supplying goods and services to non-residents. A travel company providing tours to foreign tourists (non-residents) falls within this case.

Current legal framework

  • Ordinance on Foreign Exchange 2005 (amended 2013) — Article 22: restrictions on foreign exchange use within the territory of Vietnam;
  • Circular No. 32/2013/TT-NHNN — Article 4 lists the cases where foreign exchange may be used; now consolidated in Consolidated Document No. 28/VBHN-NHNN dated 20/01/2026.

When may a travel company quote in foreign currency?

  • Permitted: when providing travel services (tours, tickets, travel services) to non-residents (foreign tourists) — may quote and value in foreign currency and receive payment in foreign currency by transfer;
  • Not permitted: quoting or listing prices in foreign currency when serving residents (Vietnamese tourists) within the territory of Vietnam — the Vietnamese Dong must be used.

Key notes

  • “Non-resident” is determined under the Ordinance on Foreign Exchange (organizations and individuals not qualifying as residents); correctly identifying the customer’s status is a condition for application;
  • Payment in foreign currency with non-residents must be made by transfer at a licensed credit institution;
  • Listing or advertising prices in foreign currency outside the permitted cases may result in administrative penalties in the monetary and banking sector.

How ANT Legal can help

ANT Legal advises travel enterprises on foreign exchange law compliance, travel service contracts and arising legal issues. For advice on your specific case, please contact our lawyers at 0966.475.966.

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