Money

The official currency of Vietnam is the Vietnamese Dong (VND). Here is some information about money and currency in Vietnam:

  1. Vietnamese Dong (VND): The Vietnamese Dong is the only legal currency in Vietnam. Notes come in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 VND. Coins are rarely used in Vietnam, and you will mostly deal with paper currency.
  2. Exchange Rate: The exchange rate of the Vietnamese Dong fluctuates against major foreign currencies. It’s recommended to check the current exchange rate before exchanging your money. Banks, authorized currency exchange offices, and some hotels offer currency exchange services. It’s advisable to compare rates and fees to ensure you get a favorable rate.
  3. ATMs: ATMs are widely available in Vietnam, especially in major cities and tourist areas. They accept most international bank cards, including Visa, MasterCard, and sometimes American Express. You can withdraw Vietnamese Dong directly from ATMs, which usually offer instructions in English. Keep in mind that some ATMs may have withdrawal limits, so consider this if you need larger amounts of cash.
  4. Credit and Debit Cards: Credit and debit cards are accepted in many hotels, restaurants, and larger businesses in Vietnam, particularly in urban areas. However, it’s always good to carry some cash, especially when visiting smaller shops, local markets, or rural areas where card acceptance may be limited. Inform your bank or card issuer about your travel plans to avoid any issues with using your cards abroad.
  5. Cash Payments: Cash is the primary form of payment in Vietnam, especially for smaller establishments and street vendors. Make sure to carry enough Vietnamese Dong for day-to-day expenses. It’s advisable to carry smaller denomination notes as some vendors may not have change for larger bills.
  6. Foreign Currencies: While some hotels and banks may accept major foreign currencies like US dollars or euros, it’s generally more practical to exchange your money into Vietnamese Dong. However, having some US dollars as a backup can be useful for emergencies or situations where Dong may not be readily available.
  7. Safety and Security: As with any travel destination, it’s important to take precautions when handling money in Vietnam. Carry your cash and cards securely, use ATMs located in well-lit and populated areas, and be aware of your surroundings to avoid potential scams or pickpocketing incidents.

Remember to notify your bank or credit card provider about your travel plans to avoid any issues with card transactions and withdrawals. It’s also a good idea to keep a record of emergency contact numbers and your card details in a secure location in case of loss or theft.

Lastly, be aware of common scams involving money exchange or overcharging. It’s recommended to use authorized exchange services and be cautious when dealing with street vendors or individuals offering currency exchange services.