Vietnam is a land of vibrant markets, bustling streets, and friendly locals who love to haggle. Bargaining is a time-honoured tradition here, and as a tourist, it can be a thrilling part of your shopping experience. Whether you're exploring bustling markets in Hanoi, strolling through charming streets in Hoi An, or looking for souvenirs in Saigon, mastering the art of bargaining is essential.
Here are seven tips to help you negotiate prices like a pro you should know while travelling to this shopping heaven.
Bargain in the Right Places
The first rule of bargaining in Vietnam is to choose the right places. Local markets, street vendors, and small shops are ideal for haggling. Prices in upscale malls and restaurants are usually fixed, so attempting to bargain there may not yield results. Head to the bustling markets, especially in the Old Quarters of Hanoi or the Hoi An Night Market, for some authentic bargaining experiences.
Learn Several Vietnamese Phrases
While many vendors in tourist areas may speak basic English, knowing a few Vietnamese phrases can go a long way in building rapport and getting a better deal. Also, it shows your respect towards to Vietnamese language and culture.
Learn to say "Bao nhiêu tiền?" (How much?), "Giảm giá được không?" (Can you reduce the price?).... Local sellers may appreciate the effort, and it can lead to more favourable negotiations.
Understand the Currency and the Use of Vietnamese Dong
Familiarize yourself with Vietnamese currency - the Vietnam Dong (VND), and its denominations. This will help you quickly calculate prices and avoid misunderstandings. Also, be aware that foreign currencies are not widely accepted in smaller establishments, so it's essential to carry Vietnamese Dong for your purchases.
Normally, $1 equates to roughly 23.000 VND. This large difference makes it quite difficult to convert into your home country's currency in your head. For convenience, download a free currency converter app to your phone. This makes it super easy to figure out how much the vendors are charging.
Offer Half of the Initial Price
When buying something at markets for foreign tourists, let’s try to offer the merchants ½ of the initial price as vendors often quote high prices initially, expecting customers to negotiate. If they don’t agree, gradually start to raise the price up until your resistance point. And if the sellers don’t agree, pretend to walk away. Remember that before walking away, do not express any kind of interest in the stuff you’re about to buy.
By offering a lower price, you set the stage for bargaining. Be polite but firm in your offer, and don't be afraid to walk away if the vendor isn't willing to meet your price.
Shop Around
Before committing to a purchase, explore different stalls or shops selling similar items. This gives you a better understanding of the price range for the product you're interested in. Armed with this knowledge, you can negotiate confidently and make an informed decision.
Don’t become too attached to just one shop. If you can’t get the price you offer, be willing to walk away. Compare the price among the shops, buy the item in the shop that offers the best price or you can go back later.
Practice the Poker Face
I definitely bet that everybody will show their interested face when seeing something they like. But when purchasing souvenirs, do not show your interest. “The less you want it, the better you are at bargaining”.
Keep a calm and composed demeanour during negotiations. Vendors may gauge your interest and willingness to buy from your facial expressions and body language. Maintain a poker face, even if you're excited about an item, to avoid revealing your enthusiasm and potentially driving up the price.
Have Fun with Bargaining
Bargaining in Vietnam is not just about getting the best deal; it's also about enjoying the interaction with locals.
Keep a positive attitude towards sellers when you buy something. Try to be friendly and patient as local people may find it challenging to communicate with foreign customers.
No one wants to give a good price to rude people, so keep a smile on your face, use a sense of humour and make some jokes, you will get the price that you want! Remember that both parties should feel satisfied with the final price. If you walk away with a smile and a good deal, you've succeeded.
Conclusion
In Vietnam, bargaining is an integral part of the shopping experience. By following these 7 tips and embracing the art of haggling, you'll not only score some fantastic deals but also create memorable interactions with the friendly people of Vietnam. So, the next time you explore the bustling markets, put on your bargaining hat and enjoy the thrill of negotiating for that perfect souvenir or unique piece of Vietnamese culture.
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