A practical foreign exchange and currency guide to Vietnam
What's in this Vietnam currency guide:
The official currency of Vietnam is the Vietnamese dong, with symbol ₫ and currency code VND.
16 Sep 2022
02 Jul 2022
30 Sep 2021
01 Oct 2017
02 Oct 2012
05 Oct 2002
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Vietnamese dong.
Vietnam is one of my favourite places to visit. Seems more raw than Thailand but with a fraction of the tourists. It is also a wonderfully cheap place to visit. Vietnam has only allowed visitors for the last 20 years or so and it has a bit more of a wild feel to it than other countries in the region. Vietnam’s long-held position as a travel icon is more than deserved. In no other country is the collision of Southeast Asia’s past, present and future so stark. At times, this clash can seem so confronting and confusing as to send even experienced travellers fleeing for the nearest luxury hotel. However, just a little preparation will set you up for the trip of a lifetime.
The local currency is the Dong (VND). Although a handful of places will accept payment in US dollars most people would much prefer to be paid in Dong, so it is important to keep a good supply of local currency while travelling in Vietnam. Some large stores, hotels and restaurants may accept credit cards but most of them will not! Make sure you check beforehand. Firstly, any establishment that allows credit card purchases will generally only accept Visa and MasterCard.
Something to keep in mind on the first visit to Vietnam is the Dong comes in polymerized notes with multiple zeroes: VND 10,000 is the smallest bill you’ll find on the street these days (coins of as low as VND 200 have long been phased out), with the upper limit hit by the VND 500,000 bill. Getting a grip on all those zeroes can be challenging for the first-time visitor to Vietnam. With a little time and practice, buying and spending Vietnamese dong becomes second nature to the Vietnam visitor.
Exchange outlets and ATMs are available on arrival at the airport, and I found it easy to find ATMs in all of the main cities. In some of the rural and mountainous areas they may not be available so if you plan to get off the beaten path be prepared to carry some Dong with you. Cash rules in Vietnam, though credit cards are accepted in many restaurants, hotels, and shops in Vietnam’s big cities.
Fees and charges vary: ATMs near backpacker districts like Pham Ngu Lao in Saigon reportedly charge an extortionate rate of three percent on top of your usual bank charges. More reasonable fees may hover down to about 1-1.5 percent per transaction.
Getting around Vietnam is usually done by bus or air. Some of the buses are sleeper buses where you are given a cot like bed. This can be very comfortable, even for day trips as you relax back and watch Vietnam’s spectacular scenery roll by. Flights are plentiful and can be convenient if short on time, they may be a bit pricey normally however there are often deals on making them much cheaper, sometimes up to half the price.
Taxis with meters, found in most major cities, are very cheap by international standards and a safe way to travel around at night. Average tariffs are about 12,000d to 15,000d per kilometre. However, dodgy taxis with go-fast meters do roam the streets of Hanoi and HCMC; they often hang around bus terminals. Only travel with reputable or recommended companies.
Spring is a great time to travel in Saigon, Mekong Delta, Hoi An and Hanoi, and Halong Bay. If you choose to go to Halong Bay, stay 2 nights because of the road trip, poor roads, it is a long way to go for 1 night, and you see a lot more in the 2 days.
In what is becoming a popular trail, you can travel up or down the coast of Vietnam on a route that includes the main cities and the ancient and enchanting town of Hoi-an, a must see with its traditional buildings and glowing lanterns all along the riverside. Another must is taking to time to go on a cruise through exotic Halong Bay, one of the most other worldly vistas on the planet.
Despite the grumbles of many visitors, Vietnamese people are mostly just as friendly as their Southeast Asian counterparts. However, unlike in Thailand, Cambodia and Laos – where local residents are genuinely curious about who you are and where you’ve come from – Vietnamese people tend to ignore lost-looking foreigners unless you actually ask for help. But be assured that if you ask a local a question with a smile, you’ll almost certainly have it answered and the smile returned.