Planning a trip to Vietnam and wondering about the local currency? The official currency of Vietnam is the Vietnamese Dong (VND). With SIXT.VN, navigating Vietnamese currency is simple, ensuring a smooth and delightful travel experience. Learn essential tips about Vietnamese currency exchange rates and local prices, so you can enjoy your trip.
Contents
- 1. Understanding the Vietnamese Dong (VND)
- 1.1. History of the Vietnamese Dong
- 1.2. Why polymer banknotes are better
- 1.3. Current Exchange Rate
- 1.4. Key Phrases for Currency Exchange
- 2. Where to Exchange Currency in Vietnam
- 2.1. Airports
- 2.2. Banks
- 2.3. Hotels
- 2.4. Exchange Vendors
- 2.5. ATMs
- 2.6. Tips for getting the best exchange rate
- 3. Using Credit and Debit Cards in Vietnam
- 3.1. Where are cards accepted?
- 3.2. Common card types accepted
- 3.3. Potential fees and charges
- 3.4. Notifying your bank before traveling
- 3.5. Tips for using cards safely
- 4. Tipping Etiquette in Vietnam
- 4.1. Is tipping expected?
- 4.2. Who to tip?
- 4.3. How much to tip?
- 4.4. When not to tip
- 4.5. Cultural considerations
- 5. How Much Things Cost in Vietnam
- 5.1. Average prices for common items
- 5.2. Budgeting for your trip
- 5.3. Saving money on your trip
- 5.4. Bargaining tips
- 6. Safety and Security Tips for Handling Money
- 6.1. Common scams to avoid
- 6.2. Safe ways to carry money
- 6.3. Using hotel safes
- 6.4. Travel insurance
- 6.5. Emergency contacts and resources
- 7. Navigating Transportation Costs with SIXT.VN
- 7.1. Airport Transfers
- 7.2. Car Rentals
- 7.3. Private Drivers
- 7.4. Comparing transportation options
- 7.5. Tips for saving on transportation
- 8. Enhance Your Trip with SIXT.VN Services
- 8.1. Travel Consulting
- 8.2. Hotel Bookings
- 8.3. Tour Arrangements
- 8.4. Package deals
- 8.5. Why Choose SIXT.VN
- 9. Frequently Asked Questions (FAQ)
- 10. Final Thoughts
1. Understanding the Vietnamese Dong (VND)
The official currency of Vietnam is the Vietnamese Dong, commonly abbreviated as VND. It is represented by the symbol ₫. The Vietnamese Dong is available in banknotes, so there are no coins used in Vietnam.
The Vietnamese Dong (VND) comes in various denominations, each with its own distinct design and color. Here’s a handy guide to help you recognize and differentiate between them:
| Denomination | Material | Color | Common Uses |
|---|---|---|---|
| 1,000 VND | Cotton | Light Blue | Rarely used due to its low value. |
| 2,000 VND | Cotton | Dark Brown | Small purchases like parking fees or single items at a local market. |
| 5,000 VND | Cotton | Dark Blue | Buying small snacks, bottled water, or paying for short taxi rides. |
| 10,000 VND | Polymer | Dark Yellow | Street food, coffee, or souvenirs. |
| 20,000 VND | Polymer | Dark Blue | Meals at local eateries or entrance fees to smaller attractions. |
| 50,000 VND | Polymer | Pink | Restaurant meals, shopping at local markets, or longer taxi rides. |
| 100,000 VND | Polymer | Green | Paying for hotel accommodations, nicer restaurants, or domestic flights. |
| 200,000 VND | Polymer | Brown | Shopping for clothes, electronics, or booking tours. |
| 500,000 VND | Polymer | Light Blue | High-end dining, luxury hotels, or large souvenir purchases. |
1.1. History of the Vietnamese Dong
The Vietnamese Dong has a rich history that reflects Vietnam’s journey through various periods of its history. The name “Đồng” is derived from the term “Đồng tiền,” meaning “bronze coin,” which reflects its historical roots.
- French Indochina Era: Before its official introduction, various currencies were used in Vietnam during the French colonial period.
- First Introduction: The first Vietnamese Dong was introduced in 1946, replacing the French Indochinese Piastre.
- Revaluations: The currency has undergone several revaluations due to inflation and economic reforms, stabilizing its value over time.
- Modernization: Modern Vietnamese Dong banknotes are made of polymer, making them more durable and harder to counterfeit.
1.2. Why polymer banknotes are better
Polymer banknotes offer several advantages over traditional paper notes, especially in a tropical climate like Vietnam’s. Polymer is more durable, waterproof, and resistant to wear and tear. Polymer banknotes are also harder to counterfeit, enhancing the security of the currency.
According to research from the State Bank of Vietnam in 2003, polymer notes last four times longer and reduce counterfeiting by 90%.
1.3. Current Exchange Rate
Knowing the current exchange rate between the Vietnamese Dong (VND) and your home currency is crucial for budgeting and making financial decisions during your trip. The exchange rate fluctuates daily, influenced by various economic factors.
As of November 8, 2024, the approximate exchange rates are:
- 1 USD ≈ 24,500 VND
- 1 EUR ≈ 26,500 VND
- 1 AUD ≈ 16,000 VND
- 1 CAD ≈ 18,000 VND
These rates can vary slightly depending on where you exchange your money. For the most accurate and up-to-date exchange rates, consult reputable sources such as:
- Google Finance: Provides real-time exchange rates and currency conversion tools.
- XE.com: A reliable source for current and historical exchange rates.
- Vietnamese Banks: Banks like Vietcombank or BIDV offer competitive exchange rates.
Note: These exchange rates are approximate and subject to change.
1.4. Key Phrases for Currency Exchange
Knowing a few basic phrases in Vietnamese can be helpful when exchanging currency. Here are some useful phrases:
- “Tôi muốn đổi tiền” (I want to exchange money)
- “Tỷ giá hôm nay là bao nhiêu?” (What is the exchange rate today?)
- “Tôi có thể đổi đô la Mỹ sang đồng không?” (Can I exchange US dollars to Dong?)
- “Phí giao dịch là bao nhiêu?” (What is the transaction fee?)
- “Tôi cần biên lai” (I need a receipt)
Learning these phrases can help you communicate more effectively and ensure a smoother transaction.
2. Where to Exchange Currency in Vietnam
Exchanging currency in Vietnam is relatively straightforward, with several options available to travelers. Each option has its own advantages and considerations, so it’s essential to choose the one that best suits your needs.
2.1. Airports
Airports are a convenient place to exchange currency upon arrival in Vietnam. You can find currency exchange vendors just outside the arrival gates at all major airports.
- Pros: Convenient, easily accessible upon arrival.
- Cons: Often offer less favorable exchange rates compared to other options.
2.2. Banks
Banks generally offer competitive exchange rates and are a safe option for currency exchange. Banks such as Vietcombank, BIDV, and Techcombank are reputable choices.
- Pros: Competitive exchange rates, secure transactions.
- Cons: May require more time due to paperwork and potential queues.
2.3. Hotels
Many hotels offer currency exchange services for their guests. This can be a convenient option, especially if you need local currency immediately.
- Pros: Convenient, readily available at your accommodation.
- Cons: Exchange rates may not be as favorable as banks or exchange vendors.
2.4. Exchange Vendors
Exchange vendors, particularly those in tourist hotspots, can offer competitive rates. However, it’s essential to choose reputable vendors to avoid scams.
- Pros: Can offer competitive rates, often found in convenient locations.
- Cons: Risk of scams, so choose reputable vendors carefully.
2.5. ATMs
ATMs are widely available in Vietnamese cities and accept international cards. This is a convenient way to withdraw Vietnamese Dong directly.
- Pros: Convenient, widely available, dispenses local currency directly.
- Cons: Withdrawal fees, exchange rates set by your bank, potential for card skimming.
2.6. Tips for getting the best exchange rate
To maximize your savings when exchanging currency in Vietnam, consider the following tips:
- Compare Rates: Check exchange rates at different locations to find the best deal.
- Avoid Peak Times: Exchange currency during off-peak hours to avoid long queues.
- Use Local Banks: Local banks often offer better rates than airport kiosks.
- Negotiate: At exchange vendors, try negotiating for a better rate, especially for larger amounts.
- Check Fees: Inquire about any transaction fees or commissions before exchanging your money.
3. Using Credit and Debit Cards in Vietnam
While cash is widely used in Vietnam, credit and debit cards are accepted in many establishments, particularly in major cities and tourist areas. Understanding where and how to use your cards can make your travel experience smoother and more convenient.
3.1. Where are cards accepted?
Credit and debit cards are generally accepted at:
- Hotels: Most hotels, especially larger and international chains, accept major credit cards like Visa, Mastercard, and American Express.
- Restaurants: Upscale restaurants and those catering to tourists usually accept card payments.
- Shops: Department stores, boutiques, and larger retail outlets in urban areas commonly accept cards.
- Tour Operators: Many tour operators allow you to pay with a credit card, especially when booking online.
- Supermarkets: Major supermarket chains accept card payments.
However, it’s essential to note that smaller establishments, local markets, and street vendors typically operate on a cash-only basis. Always check beforehand if a place accepts cards to avoid inconvenience.
3.2. Common card types accepted
The most commonly accepted credit and debit cards in Vietnam are:
- Visa: Widely accepted across various establishments.
- Mastercard: Also widely accepted, similar to Visa.
- American Express: Accepted at many hotels, restaurants, and larger retail outlets, but less common in smaller establishments.
- JCB: Some establishments, especially those catering to Japanese tourists, may accept JCB cards.
3.3. Potential fees and charges
When using credit and debit cards in Vietnam, be aware of potential fees and charges:
- Foreign Transaction Fees: Your bank may charge a fee for each transaction made in a foreign currency.
- ATM Withdrawal Fees: Withdrawing cash from ATMs can incur fees from both your bank and the local ATM provider.
- Currency Conversion Fees: Your bank may charge a fee for converting the transaction amount from VND to your home currency.
To minimize these fees, consider using a credit card with no foreign transaction fees or a debit card with favorable international withdrawal policies.
3.4. Notifying your bank before traveling
Before traveling to Vietnam, it’s crucial to notify your bank or credit card provider of your travel plans. This helps prevent your card from being blocked due to suspected fraudulent activity. Provide them with the dates of your trip and the countries you’ll be visiting.
3.5. Tips for using cards safely
To protect your financial information while using credit and debit cards in Vietnam:
- Use Secure ATMs: Opt for ATMs located inside banks or well-lit, secure locations.
- Cover the Keypad: When entering your PIN, cover the keypad to prevent onlookers from seeing your code.
- Check Card Readers: Inspect card readers for any signs of tampering before inserting your card.
- Monitor Transactions: Regularly check your online banking statements for any unauthorized transactions.
- Keep Cards Secure: Keep your cards in a safe place and never leave them unattended.
4. Tipping Etiquette in Vietnam
Tipping in Vietnam is not as ingrained in the culture as it is in some Western countries. However, it is becoming increasingly common and is always appreciated, especially in the tourism sector. Understanding when and how much to tip can enhance your interactions with local service providers.
4.1. Is tipping expected?
Tipping is not mandatory in Vietnam, but it is generally appreciated for good service. While locals may not always tip, it is becoming more common among tourists, and service staff often appreciate the gesture.
4.2. Who to tip?
- Restaurants: Tipping is not expected in local eateries, but it is appreciated in upscale restaurants or those catering to tourists. A tip of 5-10% is considered generous.
- Tour Guides: Tipping tour guides is common, especially for private tours. A tip of 100,000 – 200,000 VND per day is standard.
- Drivers: Tipping taxi or private car drivers is not mandatory, but rounding up the fare or adding a small tip is appreciated, especially for longer journeys or exceptional service.
- Hotel Staff: Tipping hotel staff, such as bellhops or housekeeping, is appreciated. A tip of 20,000 – 50,000 VND is a thoughtful gesture.
- Spa Services: Tipping for spa services is becoming more common. A tip of 5-10% is considered appropriate for good service.
4.3. How much to tip?
- Restaurants: 5-10% of the bill for good service.
- Tour Guides: 100,000 – 200,000 VND per day.
- Drivers: Round up the fare or add 20,000 – 50,000 VND for longer journeys.
- Hotel Staff: 20,000 – 50,000 VND.
- Spa Services: 5-10% of the service cost.
4.4. When not to tip
In some situations, tipping may not be necessary or appropriate:
- Street Food Vendors: Tipping is not expected at street food stalls or local markets.
- Government Services: Tipping is not appropriate for government employees or officials.
- If Service is Poor: If you receive poor service, it is acceptable not to tip.
4.5. Cultural considerations
While tipping is appreciated, it’s essential to be mindful of cultural norms. Always tip discreetly and avoid making a show of it. When in doubt, observe how locals behave or ask a local for advice.
5. How Much Things Cost in Vietnam
Understanding the cost of goods and services in Vietnam can help you budget effectively and make informed decisions during your trip. Vietnam offers excellent value for money, with a range of options to suit different budgets.
5.1. Average prices for common items
| Item | Average Price (VND) | Average Price (USD) |
|---|---|---|
| Sidewalk coffee | 25,000 | 1 |
| Street food meal with ice tea | 45,000 | 2 |
| Cappuccino in a cafe | 55,000 | 2.50 |
| Three-course restaurant meal | 450,000 | 20 |
| Inner city taxi | 35,000 – 100,000 | 1.50 – 4 |
| 60-minute foot massage | 350,000 | 15 |
| Budget hostel | 300,000 | 13 |
| Mid-range hotel | 700,000 | 30 |
| Half-day group tour | 1,000,000 | 43 |
| Luxury hotel | 3,500,000 | 150 |
5.2. Budgeting for your trip
To budget effectively for your trip to Vietnam, consider the following tips:
- Set a Daily Budget: Determine how much you can afford to spend each day, considering accommodation, food, activities, and transportation.
- Track Your Expenses: Keep track of your spending to ensure you stay within your budget.
- Prioritize: Identify the activities and experiences that are most important to you and allocate your funds accordingly.
- Be Flexible: Allow for unexpected expenses and be prepared to adjust your budget if necessary.
- Take Advantage of Local Deals: Look for discounts and special offers on accommodations, tours, and activities.
5.3. Saving money on your trip
- Eat Local: Dining at local eateries and street food stalls is a great way to save money and experience authentic Vietnamese cuisine.
- Use Public Transportation: Public transportation, such as buses and trains, is an affordable way to get around.
- Stay in Hostels or Guesthouses: Hostels and guesthouses offer budget-friendly accommodation options.
- Travel During the Off-Season: Traveling during the off-season can save you money on flights and accommodations.
- Bargain: Bargaining is common in markets and smaller shops, so don’t be afraid to negotiate for a better price.
5.4. Bargaining tips
Bargaining is a common practice in Vietnamese markets and smaller shops. Here are some tips for successful bargaining:
- Be Polite: Always be polite and respectful, even when negotiating.
- Start Low: Begin with an offer that is significantly lower than the asking price.
- Be Willing to Walk Away: If the vendor is unwilling to negotiate, be prepared to walk away. Often, they will call you back with a better offer.
- Know the Value: Research the average price of the item you want to buy to ensure you’re not overpaying.
- Use Body Language: Use non-verbal cues, such as smiling and maintaining eye contact, to build rapport with the vendor.
6. Safety and Security Tips for Handling Money
Vietnam is generally a safe country for travelers, but it’s essential to take precautions to protect your money and belongings. Being aware of potential risks and following basic safety guidelines can help you have a worry-free trip.
6.1. Common scams to avoid
- Fake Currency: Be cautious when receiving change, especially in crowded areas. Examine the banknotes to ensure they are genuine.
- Taxi Scams: Some taxi drivers may try to overcharge tourists. Use reputable taxi companies or ride-hailing apps like Grab.
- Motorbike Theft: Be vigilant about your belongings when riding motorbikes. Avoid carrying valuables in easily accessible pockets.
- Shoe Shining Scam: In some tourist areas, individuals may offer to shine your shoes and then demand an exorbitant fee.
- The “Broken Meter” Scam: Ensure taxi drivers use the meter and that it is functioning correctly. If the driver claims the meter is broken, negotiate the fare beforehand or find another taxi.
6.2. Safe ways to carry money
- Use a Money Belt: A money belt worn under your clothing is a discreet way to carry cash and important documents.
- Split Your Money: Divide your money into different locations, such as your wallet, money belt, and hotel safe.
- Use a Secure Wallet: Opt for a wallet with RFID-blocking technology to protect your credit cards from electronic theft.
- Avoid Displaying Large Amounts of Cash: When making purchases, avoid displaying large amounts of cash in public.
- Be Aware of Your Surroundings: Pay attention to your surroundings and be cautious in crowded areas or tourist hotspots.
6.3. Using hotel safes
Hotel safes are a secure place to store valuables, such as cash, credit cards, and passports. Familiarize yourself with how to use the safe and ensure it is locked properly before leaving your room.
6.4. Travel insurance
Consider purchasing travel insurance that covers theft or loss of money and personal belongings. Review the policy details to understand the coverage limits and claim procedures.
6.5. Emergency contacts and resources
In case of theft or loss of money, here are some emergency contacts and resources:
- Local Police: Report the incident to the local police and obtain a written report for insurance purposes.
- Your Bank: Contact your bank or credit card provider to cancel your cards and report any unauthorized transactions.
- Embassy or Consulate: Contact your embassy or consulate for assistance with obtaining emergency funds or replacement travel documents.
7. Navigating Transportation Costs with SIXT.VN
Getting around Vietnam efficiently and affordably is a key part of enjoying your trip. SIXT.VN offers a range of transportation services to suit your needs, from airport transfers to private car rentals.
7.1. Airport Transfers
SIXT.VN provides convenient airport transfer services to ensure a smooth arrival and departure. Booking your airport transfer in advance can save you time and hassle.
- Benefits: Fixed rates, professional drivers, and a comfortable ride to your destination.
- How to Book: Visit the SIXT.VN website or app, enter your flight details and destination, and choose your preferred vehicle.
7.2. Car Rentals
Renting a car through SIXT.VN gives you the freedom to explore Vietnam at your own pace. Choose from a variety of vehicles to suit your needs, from compact cars to SUVs.
- Benefits: Flexibility, convenience, and the ability to explore off-the-beaten-path destinations.
- How to Book: Visit the SIXT.VN website or app, select your pick-up location and dates, and choose your preferred vehicle.
7.3. Private Drivers
Hiring a private driver through SIXT.VN allows you to relax and enjoy the scenery while someone else takes care of the driving. This is an excellent option for day trips or longer excursions.
- Benefits: Convenience, comfort, and the expertise of a local driver.
- How to Book: Contact SIXT.VN directly to discuss your itinerary and arrange for a private driver.
7.4. Comparing transportation options
| Transportation Option | Cost | Convenience | Flexibility | Best For |
|---|---|---|---|---|
| Airport Transfer | Fixed Rate | High | Low | Arriving and departing from the airport |
| Car Rental | Varies | High | High | Exploring at your own pace |
| Private Driver | Varies | High | Medium | Day trips and longer excursions |
| Taxis/Ride-Hailing Apps | Varies | Medium | Medium | Short trips within cities |
| Public Transportation | Low | Low | Low | Budget travelers |
7.5. Tips for saving on transportation
- Book in Advance: Booking your transportation in advance can often save you money.
- Compare Prices: Compare prices from different providers to find the best deal.
- Consider Off-Peak Hours: Traveling during off-peak hours can save you money on taxis and ride-hailing apps.
- Use Public Transportation: Public transportation is an affordable way to get around, especially in cities.
- Negotiate Fares: Negotiate fares with taxi drivers before starting your journey.
8. Enhance Your Trip with SIXT.VN Services
SIXT.VN offers a variety of services to enhance your trip to Vietnam, from travel consulting to hotel bookings and tour arrangements.
8.1. Travel Consulting
SIXT.VN provides personalized travel consulting services to help you plan the perfect trip to Vietnam. Our travel experts can assist you with itinerary planning, destination recommendations, and travel tips.
- Benefits: Expert advice, customized itineraries, and stress-free planning.
- How to Book: Contact SIXT.VN directly to schedule a travel consulting session.
8.2. Hotel Bookings
SIXT.VN offers a wide selection of hotels to suit every budget and preference. Whether you’re looking for a luxury resort or a budget-friendly guesthouse, we can help you find the perfect accommodation.
- Benefits: Competitive rates, a variety of options, and convenient booking.
- How to Book: Visit the SIXT.VN website or app, enter your destination and dates, and browse our selection of hotels.
8.3. Tour Arrangements
SIXT.VN can arrange a variety of tours and activities to help you explore Vietnam. From cultural tours to adventure excursions, we have something for everyone.
- Benefits: Expert guides, curated experiences, and hassle-free arrangements.
- How to Book: Visit the SIXT.VN website or app, browse our selection of tours, and book your preferred activities.
8.4. Package deals
SIXT.VN offers package deals that combine accommodations, transportation, and activities for a convenient and cost-effective travel experience.
- Benefits: Savings, convenience, and a curated travel experience.
- How to Book: Visit the SIXT.VN website or app, browse our selection of package deals, and customize your itinerary.
8.5. Why Choose SIXT.VN
- Convenience: Easy online booking and a variety of services in one place.
- Reliability: Trusted and reputable travel provider with years of experience.
- Expertise: Knowledgeable travel experts who can provide personalized recommendations.
- Value: Competitive rates and a range of options to suit every budget.
- Support: Dedicated customer support team available to assist you with any questions or concerns.
9. Frequently Asked Questions (FAQ)
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What is the currency of Vietnam?
The official currency of Vietnam is the Vietnamese Dong (VND), symbolized by ₫.
-
Where can I exchange currency in Vietnam?
You can exchange currency at airports, banks, hotels, exchange vendors, and ATMs.
-
Are credit cards widely accepted in Vietnam?
Credit cards are accepted in many hotels, restaurants, and shops, especially in major cities and tourist areas.
-
Is tipping expected in Vietnam?
Tipping is not mandatory, but it is becoming increasingly common and is always appreciated for good service.
-
How much should I tip in Vietnam?
In restaurants, a tip of 5-10% is appreciated. For tour guides, 100,000 – 200,000 VND per day is standard.
-
What are some common scams to avoid in Vietnam?
Beware of fake currency, taxi scams, motorbike theft, and shoe-shining scams.
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How can I save money on my trip to Vietnam?
Eat local, use public transportation, stay in hostels or guesthouses, and travel during the off-season.
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What services does SIXT.VN offer for travelers in Vietnam?
SIXT.VN offers airport transfers, car rentals, private drivers, travel consulting, hotel bookings, and tour arrangements.
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How can I book services with SIXT.VN?
Visit the SIXT.VN website or app to book your preferred services.
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What should I do if I lose my money or credit cards in Vietnam?
Report the incident to the local police, contact your bank to cancel your cards, and contact your embassy or consulate for assistance.
10. Final Thoughts
Understanding the currency of Vietnam is essential for a smooth and enjoyable travel experience. The Vietnamese Dong (VND) is the official currency, and while cash is widely used, credit cards are accepted in many establishments. By following the tips and guidelines in this article, you can navigate the financial aspects of your trip with confidence.
With SIXT.VN, planning your transportation, accommodations, and activities in Vietnam is easy and convenient. Whether you need an airport transfer, a rental car, or a guided tour, SIXT.VN has you covered. Book your services today and get ready for an unforgettable adventure in Vietnam!
Ready to explore Vietnam? Visit SIXT.VN now to discover our exclusive travel packages and services. Let us help you create the perfect itinerary for your dream vacation. Contact us today at Hotline/WhatsApp: +84 986 244 358 or visit our website at SIXT.VN. Our address is 260 Cau Giay, Hanoi, Vietnam. Start planning your adventure now!
