Traveling to Vietnam, I saw a lot of RMB on the street. Why?

In recent years, with the improvement of people's quality of life, more and more people travel, and more and more people also turn their goals to foreign countries. Vietnam can also be said to be a cheap and fun destination. Not only can you eat a bunch of delicious food with little money, but also many people who collect literature and play come here to pick up bargains. If you saw a lot of RMB on the street when you were in Vietnam, that's probably why.

Putting a lot of RMB on the street is also a unique business model for Vietnamese. Generally, friends who have been to Vietnam will know that Vietnam is not so developed, and it only takes a little money to marry vietnamese brides. Many facilities there are relatively backward, so it is a special headache to find a bank in Vietnam.

Seeing this situation, some particularly clever Vietnamese used this form of stall to exchange Vietnamese dong for RMB and earn some profits from it. However, these people generally don't exchange money according to the international exchange rate, but because it is very troublesome to find a bank in Vietnam, some people simply exchange money in the hands of these businessmen.

However, people who generally exchange Vietnamese dong in this way will generally suffer. Although it is troublesome to find a bank, this way is more or less against the international monetary law. Therefore, if you want to travel to Vietnam, you should do a good job of raiders and change enough Vietnamese currency for a rainy day.

So, if you see a lot of RMB on the streets of Vietnam, it's mostly because of this.