All You Need to Know About Currency in Vietnam


What is the currency in Vietnam?

Vietnam Dong (VND; symbol: ₫) is the official currency of Vietnam. In Vietnam there seem to be many denominations of money, and the most commonly used are : 1,000 dong, 2,000 dong, 5,000 dong; 10,000 VND, 20,000 VND, 50,000 VND; 100,000 VND, 50,000 VND, 200,000 VND and 500,000 VND. Since polymer banknotes were put into use in 2003, so far in Vietnam, there are only banknotes with denominations of VND 1,000, VND 2,000 and VND 5,000.

Vietnamese Dong or US Dollar, which is the best currency to use in Vietnam?

Most payments are made in Vietnamese Dong, but US dollars can be used directly for some hotels, restaurants, tours or other services. You can see that the prices of food, drinks and souvenirs at the Ho Chi Minh City airport are all in US dollars. However, payments in US dollars are not recommended, as they will be converted at a lower exchange rate and you will end up paying more.

Where to change money in Vietnam?

Most major currencies can be exchanged in Vietnam. US dollars can be easily exchanged at banks, hotels, airport money changers and jewelry stores. Other currencies including Euro, AUD and British Pound can be changed in the bank.

Banks: You can exchange foreign currencies and checks in the safest place - banks like Eximbank, Vietcombank, Vietinbank, Agribank, ... around the city. But it is a slow process and you will be charged a commission of 0.5% to 2%. And if your note is dirty or damaged, you will have to pay an additional 2% of its value.

Hotels: You can get more competitive rates by changing your currency at large hotels, close to the bank. And small hotels may charge a service fee.

Airports: You will find several currency exchange counters upon arrival at Hanoi and Ho Chi Minh City airports. However, the exchange rate is playing at a disadvantage here. Therefore, it is best to exchange a small amount to cover the taxi fare and go to town for a better rate.

Gold and Jewelry Stores: You can head to the gold and jewelry stores, usually red and yellow, on every main street for better deals. No fees, the exchange rate is significantly better than the exchange rate at hotels, banks and airports.

You can check rates and use online currency converters, and ask around to choose the best deal. In recent years, the exchange rate of Vietnamese Dong to US Dollar has ranged from 22,500 to 23,500 VND. At the time of this writing, 1 US Dollar is equivalent to 23,212 VND.

Can I use cards in Vietnam?

Debit and credit cards like Visa and MasterCard are widely accepted in Vietnam, especially in hotels or shopping malls, but probably not suitable for a roadside stall or a noodle house. You may be charged a 3%–4% commission if paying with plastic.

How to withdraw cash at ATMs in Vietnam?

ATMs are available in major cities and tourist areas of Vietnam, but it is not easy to find ATMs with chips and batteries. Therefore, it is best to carry a card with a magnetic stripe on the back. ATMs only distribute VDN. When you withdraw money from an ATM, all foreign currencies will be automatically converted to VND based on the bank's exchange rate at that time.

Limited ATMs. Usually the maximum amount is from 2,000,000 VND to 5,000,000 VND; VND 8,000,000 to 10,000,000 for some global banks; or up to 2,000,000 VND in districts. Fees also vary from bank to bank. Most banks charge a fee of 40,000 to 100,000 VND ($2–5) each time. ANZ or Citibank is recommended as they charge the lowest transaction fees.

It's best to use an ATM that is connected to your bank and be wary of anything or anyone suspicious nearby. Always check the card slot before inserting the card.

How much money do I need in Vietnam?

According to the law, amounts exceeding VND 15,000,000 must be declared on arrival and amount exceeding USD 5,000 or equivalent in other currencies must be declared as well.

Hotels: Usually, the price of budget hotels is USD 25–50 per night; If you choose to stay at more modest accommodations like a guesthouse, the price is around USD10–20 per night.

Transportation: Domestic airfare for round trips should be not more than USD 150 within the country if you book in advance. Train fares are USD 5–60 while bus fares are a little lower at USD 1.5–50 depending on the class and distance. The average price of a taxi is USD 0.4–0.48 per km.

Food: You can have lunch or dinner at USD 8–15 per person and USD 3–4 for breakfast. For common Vietnamese dishes, the price may be as low as USD 1–5 per dish.

Tour Activities: Expect to pay USD 20–40 for a day trip in Vietnam, including a shuttle service. And the price is about USD 120–200 for a 2D1N Halong Bay Cruise.

Therefore, USD 40 per day or less is enough for backpackers. If you want to have a more comfortable holiday, you can prepare USD 50–100 per day. If you like to wake up in a luxury hotel, it's easy to find 5-star hotels to match a budget of more than USD 200 a day.

How to bargain in Vietnam?

Bargaining can be a hobby and is very popular in Vietnam, as well as other Southeast Asian countries. When buying souvenirs at Ben Thanh market, Ho Chi Minh City, you will be overpaid because locals think that foreign tourists are rich people. So you can bargain hard, but you should be respectful and polite to the seller. Discounts of 50% or more are possible. If you are unsure of the price, shop around to find the market price as many stores sell the same item.

Is it customary to tip in Vietnam?

Tipping is not expected in Vietnam, but it is appreciated.

Hotel: You can give a small bonus to the cleaning staff and porters if you want. But a service charge of 5% –10% may already be added to your bill at major hotels.
Restaurant: Locals don't tip. A service fee of 5% –10% may be charged on your bill.

Guide and Driver: A tip of a few dollars a day is reasonable if you think they did a good job of making your trip memorable, but you should do it.

More tips for changing and using money in Vietnam

1. Don't change money on the black market as it is probably just the lead-up to a scam.
2. Don't change too much money at one time, or you will need a suitcase to carry your Vietnamese Dong around.
3. Don't accept any damaged notes from others, as it will be hard for you to use them again.
4. Check the polymer material, hidden image element and embossing to ensure you receive genuine notes.
5. The new polymer notes easily stick to each other, so count your money carefully and try not to pay more money than you need.

Related posts


Getting lost in fun at the 10 hottest team building spots near Hanoi.

If you've been tasked with finding a team building venue near Hanoi for your company that meets all the criteria of being beautiful, upscale, and reasonably priced, then check out our suggestions below

7 resorts offer ideal team building activities for this summer

Are you struggling to find resorts to organize team building events for your company this summer? With years of experience in organizing combined travel and team building trips, here are 7 destinations that Inbound Vietnam would like to suggest for you

Hanoi Pho - the epitome of Northern Vietnamese cuisine.

Hanoi Pho - an absolute must-try when visiting the capital, indulge in the full essence of Hanoi's culinary delights.

Hanoi Banh Mi - an iconic street food delicacy.

Hanoi Banh Mi, a humble yet representative dish of Vietnam's diverse street food culture.

Enjoying the distinctive flavor of Hanoi Bun Cha in the capital city.

Hanoi's Bun Cha is not just a common street food dish, but also a symbol of distinctive cuisine in the capital of Vietnam.

Hanoi – 36 Old Streets: A Travel Handbook for the Capital City

Hanoi – 36 Old Streets: Encapsulating the Glorious History and Culture of the Capital City on Every Street

Hoan Kiem Lake - A precious destination in the heart of the capital.

Hoan Kiem Lake is like the precious gem of the capital, an unmissable destination in the itinerary when visiting Hanoi.

The Imperial Citadel of Thang Long - a grand historical landmark of the capital city.

With a history of over 1,000 years, the Imperial Citadel of Thang Long is a highly precious heritage of the nation, showcasing the resilience and cultural development of the Vietnamese people

Hanoi's green rice flakes - the elegant gift of the capital.

Hanoi's green rice flakes (com) is considered one of the traditional specialties, a delicate dish that you cannot miss when visiting the capital.

When visiting Hanoi, buying lotus tea as a delicate gift is a thoughtful choice.

With its gentle fragrance and sweet taste, Hanoi lotus tea has become a delicacy, perfect for purchasing as a thoughtful gift.

Hang Duong salted dried fruit - a specialty worth buying as gifts in the capital city

Hang Duong salted dried fruit are renowned for their combination of sweet, sour, and salty flavors, making them a famous snack souvenir of Hanoi that no traveler should miss

Your real deal from India, let's Vietjet!


Vietjet flights to Airports and Terminals


Lunar New Year in Vietnam - the most important festival

The Lunar New Year or Vietnamese New Year [Tết Nguyên Ðán] is the most important popular holiday in Vietnam.

Top 10 best attractions in northern Vietnam 2023

With many spectacular landscapes and seascapes with diverse cultural backgrounds, Northern Vietnam attracts a significant number of visitors and investors every year. Let's take a look at our top 10 northern attractions you should put in your Vietnam travel pocket.

Hanoi Night Tour Best Tours to Explore the Capital City's Nightlife

Join us after dark as the city lights up for these 6 Hanoi night tour. A vibrant evening of local food and laughter, or a peaceful night in the city's cultural center is up to you.

Best Day Trip From Hanoi That You Can Actually Go

 A day trip from Hanoi to one of Vietnam's first-class ecological zones will allow you to lose yourself to the moment and away from all the hustle and bustle of city life.

Top 10 handicraft villages in Hanoi: the traditional beauty of the capital

With article, we hope that you will be able to plan your visit to these amazing traditional  handicraft villages in Hanoi and make the most out of your trip.

Find the best Vietnam tour packages from Singapore? We are here to help you!

Finding the best Vietnam tour packages from Singapore requires research, planning, and attention to detail. By following these tips and tricks, you can ensure that your trip is an unforgettable experience

Yearly festivals in Vietnam

With many activities taking place such as singing and dancing, boat racing, street parades, etc., creating special features for festivals in Vietnam.


10 Best Places to Visit in Vietnam

The best places to visit in Vietnam are but where to explore with InboundVietnam!

6 interesting facts about Vietnam you didn’t know

Interesting  facts about Vietnam you didn’t know, find out these interesting things in the article below

The best time to visit Vietnam

What is the best time to visit Vietnam. Plan your trip with Inbound Vietnam Travel

Top 10 Must - Try Foods in Hanoi city

The best food in Hanoi you cannot ignore. Try it when you have a tour here.

Top 8 Photography Spots in Hanoi

Save your photos at 8 of the best photography Spots in Hanoi. Don't miss it if you have a trip to the capital of Vietnam

Vietnamese Traditional Costumes & Dresses | Origin & Uniqueness

The Vietnamese costume is a beautiful symbol of the Vietnamese people. Wearing the outfits is the pride of girls in the world beauty arena.

Getting a haircut in Hanoi

Neatly groomed hair might not be a priority when backpacking, but most of us need a haircut once in a while. So where’s a good place to get a haircut in Hanoi?

Characteristics of Vietnamese People

Understand more deeply about the characteristics of Vietnamese people and maybe after a package tour of Vietnam, you will have great friends from this beautiful.

Motorbikes still the popular vehicle in Vietnam

Motorbikes are the main means of transportation in Vietnam. This creates a unique culture that only Vietnam has.

5 strange fruits you must try when visiting Vietnam

With a tropical climate, Vietnam has many strange fruits. Enjoy them when traveling to Vietnam!

The Legend of Banh Chung - Tet food of Vietnamese people

“Banh Chung” (Chung cake) is a traditional and irreplaceable cake of Vietnamese people in the Tet Holidays and King Hung’s anniversary (10th March Lunar).

Vietnam’s 8 strangest dishes, do you dare to try?

 Famous for familiar dishes such as Pho, bun cha, etc., Vietnam is also famous for 8 strange dishes below.

Top 6 Best Restaurants in Hanoi, Vietnam

The best dishes in Vietnam are loved around the world. Enjoy them at the best restaurants in Hanoi

What to do in Hanoi so early in the morning?

You wake up in Hanoi, what will you do? exercise, drink a cup of coffee, eat a bowl of pho and then watch the flow of people

Ho Chi Minh Mausoleum in Hanoi

 Ho Chi Minh Mausoleum in Ba Dinh Square is one of the most visited attractions in Hanoi

Best Nightlife In Hanoi – Top 6 Things to Do

Visit pho co at night, eat delicious food and drink a glass of lemon tea in Ho Tay and other interesting nightlife activities in Hanoi.

Shopping In Hanoi: 6 Ideal Places

 If you are wondering about shopping in Hanoi, this article will reveal to you the top 7 best shopping places in Hanoi. Just control your wallet.

Non La - Vietnamese's Famous Conical Hat

Non la (palm-leaf conical hat) is a traditional symbol of Vietnamese people without age, sex or racial distinctions

Inbound Vietnam Travel strives to build a safe tourism image in Vietnam

Inbound Vietnam Travel builds different tour styles, contributing to orient Vietnam tourism to become a destination for all visitors in the future.

Vietnam is 'Asia's Best River Cruise Destination'

According to the announcement of the Organizing Committee of the World Yacht Awards, Vietnam is recognized as "Asia's Best River Cruise Destination" in 2021.

Stuttgarter Nachrichten Newspaper: 5 reasons to travel to Vietnam

 Stuttgarter Nachrichten recently wrote an article praising the beauty of Vietnam and giving 5 reasons for Germans to visit Vietnam right now.

Membership Benefits on Vietnam Airlines

Flying with Vietnam Airlines, you will be supported by Inbound Vietnam to make a membership card and receive many incentives. Please refer to this article for details