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If you're heading to Vietnam, it's helpful to get familiar with the local currency: the Vietnamese Dong (VND).
From bright markets to peaceful cafes, knowing how to handle the dong will make transactions easier and your travel experience smoother.
Here’s everything you need to know, from denominations to handy currency tips!
Understanding the Vietnamese Dong (VND)
The Vietnamese Dong, symbolised as “₫,” is the official currency in Vietnam. It's been used across the country since 1978 and is issued by the State Bank of Vietnam.
Whether you’re buying street food or souvenirs, this is the currency you’ll need in your pocket.
Denominations of the Vietnamese Dong
Vietnam’s currency comes in various denominations, mostly in banknotes, with coins being less common
Having a mix of these notes on hand is useful, especially for small purchases.
- Banknotes: You’ll find notes for 500,000₫, 200,000₫, 100,000₫, 50,000₫, 20,000₫, 10,000₫, 5,000₫, 2,000₫, and 1,000₫.
- Coins: Although rare, coins exist in 5,000₫, 2,000₫, 1,000₫, 500₫, and 200₫ denominations.
The larger notes are perfect for bigger purchases, while smaller notes come in handy for things like buying snacks or giving tips.
Currency Exchange Tips for Travellers
Getting your hands on the local currency is simple and safe if you know where to go.
- Where to Exchange: Banks, authorised currency exchange centres, and airport kiosks are reliable options. It’s best to avoid street exchanges to reduce the risk of counterfeit notes.
- Using ATMs: ATMs are available in most areas, including cities and popular tourist spots. Many ATMs offer competitive rates, but check for any fees before you withdraw.
- Spotting Counterfeit Currency: Always use official channels for currency exchange, and look out for security features on the notes, like watermarks and colour-shifting ink.
By sticking to these tips, you’ll have the right currency on hand while avoiding potential issues.
Current Exchange Rates
Exchange rates can fluctuate, so it’s smart to check the current rate before travelling. As a rough guide, 1 USD is equal to approximately 25,384.1 VND, but using a currency app can help you stay up-to-date with real-time conversions.
Using the Vietnamese Dong in Daily Transactions
In Vietnam, cash is king, especially in smaller towns and traditional markets. Here’s what to expect with different payment methods:
- Cash: Keep smaller denominations in your wallet, as many local businesses and markets prefer cash for smaller purchases.
- Credit and Debit Cards: Cards are accepted in most urban centres, hotels, and high-end restaurants. However, it’s still wise to carry some cash, especially if you’re venturing outside major cities.
Having a good mix of cash and a card is ideal, ensuring you're ready for any situation.
Cultural Etiquette Regarding Currency
Vietnam has some simple customs around handling currency, and a little courtesy goes a long way.
- Using Both Hands: It’s polite to use both hands when giving or receiving money, a gesture that shows respect.
- Tipping: Tipping is not mandatory, but it’s always appreciated. In restaurants, taxis, and hotels, leaving a small tip is a nice way to thank someone for their service.
These small gestures can make your interactions feel warm and respectful.
Ready to Explore Vietnam?
With a bit of know-how about the Vietnamese Dong, you’ll feel ready to explore bustling markets, cosy cafes, and stunning landscapes with confidence.
Get set to enjoy everything Vietnam has to offer, from Hanoi to Ho Chi Minh City and beyond.
With cash in hand and some travel tips in mind, your adventure awaits—Vietnam is ready to welcome you!
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