Vietnam Currency Exchange Tips: Cash, Credit Cards & ATMs Explained

When visiting Vietnam, knowing where to exchange money Vietnam is essential to getting the best value. While some places accept USD, most transactions require Vietnamese Dong (VND). Many travelers ask, “Where to exchange money Vietnam?” or “What is the best currency exchange Vietnam option?” This guide will provide essential Vietnam currency exchange tips to help you find the best rates while avoiding hidden fees.

1. Exchange Rates & Common Currencies in Vietnam

The official currency of Vietnam is the Vietnamese Dong (VND), which comes in various denominations, ranging from small bills like 1,000 VND, 2,000 VND, and 5,000 VND, to larger notes such as 50,000 VND, 100,000 VND, 200,000 VND, and 500,000 VND. Coins are no longer commonly used, and most transactions are carried out using paper currency. Since Vietnam has a high denomination currency, it’s essential to be careful when handling bills—especially the 500,000 VND and 50,000 VND notes, which look quite similar.

When it comes to exchanging money in Vietnam, certain foreign currencies are more widely accepted than others. The most commonly exchanged currencies include:

• 📍 US Dollar (USD) – The most preferred and widely exchanged foreign currency.
• 📍 Euro (EUR) – Also commonly accepted, though rates may slightly vary.
• 📍 British Pound (GBP) – Exchanged at most banks and currency exchange bureaus.
• 📍 Australian Dollar (AUD) – Accepted at major exchange points.
• 📍 Singapore Dollar (SGD) – Exchangeable, but not as common as USD or EUR.
• 📍 Japanese Yen (JPY) – Available for exchange at select locations.

Although USD is the most convenient foreign currency to exchange in Vietnam, travelers should be aware that some banks and exchange offices may only accept new, undamaged bills. Worn or torn notes might be rejected or exchanged at a lower rate.

✨ Explore: Vietnam Payment Options: A Complete Guide for Travelers

2 Where to Exchange Money in Vietnam? 

Finding the best place to exchange money in Vietnam is key to getting a favorable rate while avoiding high fees. Here’s a breakdown of different options:

2.1. Banks 

✅ Pros:

• 📍 Official and regulated, ensuring fair exchange rates.
• 📍 Safe and trustworthy, reducing the risk of counterfeit money.

❌ Cons:

• 📍 The exchange process can be slow, requiring passport identification and paperwork.
• 📍 Not all banks exchange every type of foreign currency.
• 📍 Limited operating hours (usually closed on weekends and public holidays).

2.2. Gold Shops & Independent Money Exchange Stores

✅ Pros:

• 📍 Often offer better rates than banks, especially for USD.
• 📍 Quick and hassle-free transactions, usually requiring minimal paperwork.

❌ Cons:

• 📍 Unofficial and unregulated, meaning there’s a slight risk involved.
• 📍 Some locations may not accept all foreign currencies.
• 📍 No receipt or official documentation for transactions.

2.3. Airports & Hotels 

✅ Pros:

• 📍 Easily accessible upon arrival or departure.
• 📍 Convenient for travelers who need local currency immediately.

❌ Cons:

• 📍 Higher exchange rates compared to banks and gold shops.
• 📍 Additional service fees may apply.

2.4. ATMs

✅ Pros:

• 📍 Available 24/7 across cities and tourist areas.
• 📍 Secure and reliable way to withdraw Vietnamese Dong directly.

❌ Cons:

• 📍 ATM withdrawal fees can be high, ranging from 3% to 5% per transaction.
• 📍 Daily withdrawal limits vary depending on the bank.
• 📍 Some international bank cards may not work with local ATMs.

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3. Tips for Getting the Best Exchange Rates in Vietnam

To make the most out of your money while traveling in Vietnam, here are some expert Vietnam currency exchange tips to help you get the best rates:

1. Compare Exchange Rates Before Exchanging

Before exchanging money, always check live exchange rates using mobile apps like XE Currency or visit official bank websites. Rates can fluctuate daily, so knowing the current value will help you avoid bad deals.

2. Avoid Exchanging Money at Airports & Hotels

While exchanging money at airports and hotels is convenient, these places offer the worst exchange rates and sometimes charge extra fees. If you need cash upon arrival, only exchange a small amount and find better options in the city.

3. Carry USD or EUR for Easy Exchange

If you’re bringing foreign currency, USD and EUR are the easiest to exchange in Vietnam. They are widely accepted at banks, gold shops, and exchange bureaus. However, make sure the bills are new and undamaged, as some places might reject torn or old notes.

4. Exchange Money at the Right Time

Exchange rates fluctuate based on market conditions. If possible, monitor rates and exchange your money when the rate is more favorable. Avoid exchanging large amounts of money in a single transaction unless necessary.

5. Be Aware of Fees & Hidden Charges

Some exchange locations, especially hotels and unofficial exchange offices, may charge extra commissions or service fees. Always confirm the final amount before completing your transaction. If using ATMs, be mindful of withdrawal fees, which can range from 3% to 5% per transaction.

✨ You can see more: Phu Quoc Currency: What You Need to Know for Your Trip

4. Cash vs. Cards: Important Considerations in Vietnam

4.1. Cash Usage in Vietnam

Cash remains the primary payment method, especially in local markets, street vendors, and rural areas. Many small businesses do not accept credit cards, so carrying Vietnamese Dong (VND) is essential.

• 📍 Carry small denominations (10,000 – 200,000 VND) for convenience.
• 📍 Avoid carrying excessive cash; store extra funds in your hotel safe.
• 📍 Use a money belt or anti-theft wallet in crowded areas.
• 📍 Exchange money at trusted locations to avoid counterfeit notes.

✨ You can learn more: Using Mobile Wallets in Vietnam: Momo, ZaloPay & VNPay

4.2. Credit Cards & ATMs in Vietnam

Credit cards (Visa, Mastercard) are accepted in hotels, malls, and upscale restaurants, but many small businesses remain cash-only. ATMs are widely available but come with withdrawal fees (30,000 – 100,000 VND) and daily limits (2-5 million VND).

• 📍 Use ATMs from major banks (Vietcombank, Techcombank) to avoid skimming.
• 📍 Check international transaction settings on your card before traveling.
• 📍 Monitor bank statements for unauthorized charges.

✨ Learn more: Digital Payments in Vietnam: A Guide for Tourists

4.3. Cash vs. Cards: Which Is Better?

Exchanging money in Vietnam is simple if you plan ahead and follow the right strategies. To get the best rates, always compare exchange options, avoid airports and hotels, and use trusted banks, gold shops, or money exchange stores. ATMs are convenient but come with fees and withdrawal limits, so withdraw wisely and monitor your transactions. Since cash is essential for small purchases, carrying a mix of cash and credit cards ensures flexibility. Lastly, prioritize financial security by using reputable ATMs and keeping money safe. 

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