Vietnamese Dong Exchange Rates

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Want khổng lồ know more about the currency in Vietnam? They use the Vietnamese Dong (VND), và here’s more info about ATMs, money, & exchange rates before your trip.

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I will also answer some of the most frequently asked questions about money & currency in Vietnam giới.

Quiông xã facts about Vietnamese Dong (VND)

Name: Dông(₫,Dồng Việt Nam)Currency in: VietnamYear of introduction: 1978Banknotes: 200, 500, 1.000, 5.000, 10.000, 20.000, 50.000, 100.000, 200.000 & 500.000 VNDAbbreviation: ₫Currency Code: VND
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Photo: Lukasz Pawel Szczepanski / Shutterstoông chồng.com


Can you pay by card in Vietnam?

Debit- và Credit cards are usually accepted in major cities và tourist areas. However, local restaurants, smaller shops are not likely lớn accept thẻ payments. Some places will also charge a 3% foreign transaction fee if you pay by card in Vietnam giới.

Vietphái nam is still a cash-based society, so it’s advised that you always carry cash, especially outside the major cities.

Should you exchange money before your trip?

Vietnamese Dong are usually not available khổng lồ buy in other countries but don’t worry, you don’t need lớn change in many before your trip because it’s better lớn exchange money in Vietnam giới, or even better lớn take out cash from a local ATM, using a travel thẻ without fees.

Exchange currency in Vietnam?

US Dollars can be changed or used almost everywhere, & other major currencies such as Euros, AUD, và Pounds can be exchanged in the banks. Gold và jewelry shops typically offer better đơn hàng when exchanging foreign currency compared to the banks.

With that said, there is no real need lớn exchange your money in Vietnam, and you’ll get more value for your money by taking out cash from a local ATM or using thẻ payment at reputable places where possible.

Vietnamese Dong or US dollars in Vietnam?

The official currency in Vietphái mạnh is the Vietnamese Dong (VND). However, many shops, restaurants, hotels, etc will accept US dollars in Vietphái nam.

With that said, it’s illegal for Vietnamese businesses to demvà payments in other currencies than the Vietnamese Dong, & it’s much better lớn pay in Vietnamese dong because of the poor exchange rate you’ll be given when paying in USD.

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ATMs in Vietnam

The Vietnamese ATMs usually have a limit on how much cash you can take out per transaction. Some offer to give 10 million Dong in the same transaction whereas others will only allow you khổng lồ withdraw 5 million dong or even as little as 2.5 million dong or 1 million VND.

The standard ATM fee in Vietphái mạnh is around 30 000 dong but some will charge up khổng lồ 90 000 VND per transaction. This is an additional fee khổng lồ the one that your ngân hàng is likely to lớn charge, usually around €5 + 2-3% foreign transaction fee.

Luckily, you can avoid your own bank’s fees by using a travel thẻ without fees.

It is recommended to take out as much cash as possible, và the ATMs that I recommend are ANZ or Citibank, which usually have the lowest ATM fees in Vietphái nam and the most generous limit.

Always choose to lớn be charged in the local currency without conversion. Otherwise, you’ll get a dynamic currency exchange and thua kém a lot of money due to the poor exchange rate.Use ATMs that are connected to a ngân hàng branch instead of standalone machines, and always double-check if you see anything suspicious before inserting your card.

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More about Vietnam’s Currency – Dong (VND)

The Vietnamese Dong has been the currency in Vietphái nam since 1978 after replacing the former North- and South Vietnamese Dong. Before that, the French Indochinese piastre was used as the Vietnamese currency between the years of 1885 and 1952.

The Vietnamese Dong is given out by the State Bank of Vietphái nam (Ngân hàng đơn vị nước Việt Nam – SBoV) which has its headquarters in Hanoi.

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The first Vietnamese currency was given out as coins, but this changed in 1978. Then it was decided that it would be smarter và more practical to only pay with banknotes instead of thousands of coins, which also weighed a lot.

The highest denominated bill in the world is the 500,000 dong bill. The person on the bill is Ho Chi Minch, which was the heroic leader during the Vietnam Revolution in 1945.

Vietnamese Money in various denominations

Banknotes: 200, 500, 1.000, 5.000, 10.000, trăng tròn.000, 50.000, 100.000, 200.000 och 500.000 VND.

Many tourists joke around that they have sầu become millionaires when taking out cash from the ATM in Vietphái nam. It’s quite easy to become a millionaire with the Vietnamese currency, và 1 million VND is worth about 42 USD.

Frequently Asked Questions about Money in Vietnam

Is it better khổng lồ exchange money in Vietnam?

Yes, most banks và exchange offices around the world don’t sell Vietnamese Dong, so often, your only choice would be to lớn exchange money in Vietphái nam. The best rates are found in the ngân hàng, but it’s better lớn take out cash from a local ATM, using a travel thẻ without fees.

What is the best currency khổng lồ use in Vietnam?

The Vietnamese Dong is the best currency to use in Vietnam, & the second currency after that is the US dollar because it’s accepted almost anywhere, although you’ll pay lower prices if using the local currency.

How much cash can I bring to Vietnam?

Amounts exceeding VND 15,000,000 must be declared on arrival. There is no limit on foreign currencies but amounts of 5,000 USD or equivalent in other currencies must be declared as well.

Can I use my debit card in Vietnam?

Debit cards issued by Mastercard or VISA are widely accepted in Vietnam giới, & all ATMs will accept them as well as establishments accepting thẻ payments.

Can I use Euros in Vietnam?

No, Euros are not accepted in Vietphái mạnh. However, you can easily exchange them in banks, although the rate will probably be quite poor.

Can I use Australian dollars in Vietnam?

No, AUD can’t be used in Vietnam giới, but you can change them in the banks, although it’s much better khổng lồ take out cash from a local ATM.

Keep your money safe in Vietnam

There are some skimming & fraud problems so the bank may block your debit- or credit card unless they know that the transactions are legit. Therefore it is recommended that you inform your ngân hàng about your travel plans prior khổng lồ your departure.

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It’s also recommended that you have sầu an extra thẻ with you in case something happens.

Do you have sầu more questions about the currency in Vietnam? Leave sầu a phản hồi below!