What Is The Local Currency In Vietnam? (Vietnamese Dong – VND)

Planning your dream trip to Vietnam? Understanding the local currency, the Vietnamese Dong (VND), is crucial for a smooth and enjoyable experience. SIXT.VN is here to guide you through everything you need to know about handling money in Vietnam, from exchange rates to tipping etiquette. Let’s explore Vietnamese currency and travel tips for an unforgettable journey in this vibrant country.

1. Understanding the Vietnamese Dong (VND)

The local currency in Vietnam is the Vietnamese Dong, abbreviated as VND and symbolized by ₫. Unlike many other countries, Vietnam primarily uses banknotes. You won’t find coins in circulation here. The banknotes come in various denominations, ranging from 1,000 VND to 500,000 VND. These denominations can sometimes be a bit overwhelming at first glance due to the numerous zeros.

• Banknote Denominations: 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 VND.

Caption: A collection of Vietnamese Dong banknotes, illustrating the different denominations.

1.1. Quick Tips for Handling VND

• Mental Math: To simplify things, mentally remove the last three zeros from the VND amount. For example, 20,000 VND becomes 20.
• USD Conversion: For a quick estimate, remove the last three zeros and divide by 23 (the approximate exchange rate) to get the equivalent in US dollars. So, 20,000 VND would be roughly equivalent to $0.87 USD (20 / 23).

1.2. Avoiding Confusion

Be careful with the 20,000 VND and 500,000 VND notes, as they share similar blue hues. Always double-check the denomination before making a payment to avoid any unintentional overspending or misunderstandings.

2. Where to Exchange Currency in Vietnam

Upon arrival in Vietnam, it’s a good idea to have some local currency on hand. Here are the most common places to exchange your money:

2.1. Airports

You can find currency exchange services at all major international airports in Vietnam, usually located just outside the arrival gates. While convenient, the exchange rates at airports might not be the most favorable.

2.2. Banks

Banks in Vietnam offer currency exchange services and generally provide competitive exchange rates. You’ll need to present your passport when exchanging money at a bank. Some popular banks include Vietcombank, BIDV, and Techcombank.

2.3. Hotels

Many hotels, especially those catering to international tourists, offer currency exchange services. However, like airports, the exchange rates might not be as advantageous as those offered by banks or authorized exchange vendors.

2.4. Exchange Vendors

Authorized currency exchange vendors can be found in tourist hotspots and major cities. These vendors often offer competitive rates and can be a convenient option for exchanging money. Always ensure the vendor is licensed and reputable.

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Caption: A currency exchange vendor in a bustling Vietnamese street.

2.5. ATMs

ATMs are widely available in Vietnamese cities and accept international cards like Visa and Mastercard. This is a convenient way to withdraw VND directly from your bank account.

Tips for Using ATMs in Vietnam:

• Withdrawal Limits: Local bank ATMs typically have withdrawal limits ranging from 2 million VND to 3 million VND per transaction (approximately $85 to $130 USD). International bank ATMs may allow withdrawals of 5 million VND to 10 million VND (approximately $215 to $430 USD).
• Fees: Be aware of potential transaction fees charged by both the local bank and your home bank. Check with your bank beforehand to understand the fees involved.
• Locations: ATMs are readily available in urban areas. If traveling to more rural parts of Vietnam, be sure to withdraw cash before departure.

3. Using Credit and Debit Cards in Vietnam

While cash is essential for small purchases and street vendors, many establishments in Vietnam accept credit and debit cards, particularly Visa and Mastercard.

3.1. Where Cards Are Accepted

• Hotels: Most hotels accept card payments.
• Restaurants: Larger restaurants and those catering to tourists usually accept cards.
• Shops: Boutiques, souvenir shops, and larger retail stores commonly accept card payments.
• Tour Operators: Booking tours and activities can often be done with a credit card.
• Grocery Stores: Major supermarket chains accept card payments.
• Spas: Many spas and wellness centers accept card payments.

Caption: A tourist paying with a credit card at a modern restaurant in Vietnam.

3.2. Fees and Exchange Rates

Keep in mind that your card provider will set the conversion rates and may charge swiping fees for international transactions. Check with your bank before traveling to understand these fees.

3.3. Contactless Payments

Many businesses and taxi services in Vietnam now accept contactless payments via Visa. This allows you to simply tap your card on the terminal for a quick and secure transaction, minimizing physical contact and adding an extra layer of safety.

4. Estimating Local Prices in Vietnam

Understanding the cost of goods and services in Vietnam will help you budget effectively for your trip. Here are some average prices to give you an idea:

These prices are approximate and can vary depending on the location and the specific establishment.

4.1. Budget Travel

If you’re traveling on a budget, sticking to street food and homestays can provide an enriching experience without breaking the bank.

4.2. Mid-Range Travel

Vietnam’s mid-range hotels and local restaurants offer excellent value and heartfelt service.

4.3. Luxury Travel

For those looking to indulge, Vietnam boasts five-star properties and private tours that offer superb quality and unforgettable moments.

5. 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 valuables.

5.1. General Safety Tips

• Use Hotel Safes: Store cash, cards, and valuable items in the hotel safe when you’re not using them.
• Keep Wallets Secure: Keep wallets and purses close to your person and be extra vigilant in crowded places.
• Avoid Displaying Wealth: Avoid drawing attention to valuables while out in public.
• Travel Insurance: Travel insurance can often cover theft of goods, money, and important travel documents.

Keeping Money Safe in Vietnam

Caption: A traveler securely storing her wallet in her bag while exploring a busy market.

5.2. Card Security

Cards with safety technology, such as Visa’s 3D security system, can help protect against loss or fraud. Contactless payments also add an extra layer of security, as your card never leaves your hand.

6. What are the benefits of using the local currency in Vietnam?

Using the Vietnamese Dong (VND), the local currency, offers several advantages for travelers in Vietnam:

• Better Exchange Rates: Paying in VND generally ensures you get the most favorable exchange rate, as businesses may inflate prices slightly when accepting foreign currencies.
• Wider Acceptance: While major credit cards are accepted in many establishments, smaller businesses, street vendors, and local markets often prefer or exclusively accept VND.
• Easier Price Negotiation: Bargaining is common in markets and smaller shops, and it’s easier to negotiate prices when using the local currency.
• Avoidance of Unnecessary Fees: Using VND eliminates potential foreign transaction fees charged by your bank or card issuer when paying in a foreign currency.
• Cultural Immersion: Using the local currency can enhance your cultural experience, as it shows respect for local customs and practices.

7. Tipping Etiquette in Vietnam

Tipping is not a standard practice in Vietnamese culture, but it is becoming increasingly common, especially in the tourism sector.

7.1. When to Tip

• Restaurants and Cafes: Tipping is not expected but always appreciated for good service.
• Beauty Salons: Tipping is becoming more common.
• Private Tour Guides: Tipping is a customary way to show appreciation for their services.
• Spas: Tipping is often provided for good service.

7.2. How Much to Tip

When deciding how much to tip, consider that the cost of a local meal is about 30,000 VND to 40,000 VND. This can help you gauge the value of your tip to the recipient. A common tip is 5-10% of the bill for good service.

7.3. Bargaining

In casual shopping hubs and markets, bargaining is a common practice. If you’re shopping in an area that receives many tourists, you can usually get a price reduction through some gentle negotiation. Browse and inquire with a few shops or vendors to get a general idea of the price before you settle.

8. What are the Challenges When Using Foreign Currencies in Vietnam?

While some establishments in Vietnam may accept foreign currencies, particularly US dollars, using them can present several challenges:

8.1. Unfavorable Exchange Rates

Businesses that accept foreign currencies often offer exchange rates that are less favorable than those provided by banks or authorized exchange vendors. This can result in you paying more for goods and services.

8.2. Limited Acceptance

Many smaller businesses, street vendors, and local markets may not accept foreign currencies at all, limiting your ability to make purchases.

8.3. Confusion and Scams

Using foreign currencies can increase the risk of confusion and potential scams, as vendors may take advantage of unfamiliarity with exchange rates or try to pass off counterfeit currency.

8.4. Inconvenience

Having to constantly convert prices and negotiate exchange rates can be inconvenient and time-consuming, taking away from your overall travel experience.

8.5. Cultural Insensitivity

Insisting on using foreign currencies can be seen as culturally insensitive, as it shows a lack of respect for local customs and practices.

9. How SIXT.VN Simplifies Your Vietnam Travel Experience

SIXT.VN offers a range of services designed to make your trip to Vietnam seamless and enjoyable:

9.1. Airport Transfers

Arrive in Vietnam with ease by booking a reliable airport transfer with SIXT.VN. Our professional drivers will ensure a comfortable and stress-free journey to your hotel.

9.2. Hotel Booking

Find the perfect accommodation for your needs with SIXT.VN. We offer a wide selection of hotels, from budget-friendly options to luxurious five-star properties.

9.3. Tours and Activities

Explore the best of Vietnam with our curated tours and activities. Whether you want to visit famous landmarks, experience local culture, or enjoy thrilling adventures, SIXT.VN has something for everyone.

9.4. Flight Booking

Book your flights to Vietnam with ease through SIXT.VN. We offer competitive prices and a convenient booking process.

9.5. 24/7 Support

Enjoy peace of mind knowing that SIXT.VN provides 24/7 customer support. Our team is always available to assist you with any questions or concerns.

Caption: SIXT offers travel and ride-hailing app to make travel seamless.

10. How to Plan Your Trip to Vietnam with SIXT.VN

Planning a trip to Vietnam can be exciting, but it can also be overwhelming. Here’s how SIXT.VN can help you create the perfect itinerary:

10.1. Initial Consultation

Contact SIXT.VN for a personalized travel consultation. Our experts will discuss your interests, budget, and travel dates to create a customized itinerary tailored to your needs.

10.2. Itinerary Planning

Based on your preferences, SIXT.VN will develop a detailed itinerary that includes:

• Accommodation: Recommendations for hotels or other lodging options that fit your budget and preferences.
• Activities: Suggestions for tours, excursions, and cultural experiences that align with your interests.
• Transportation: Options for airport transfers, local transportation, and intercity travel.
• Dining: Recommendations for restaurants and local eateries to savor authentic Vietnamese cuisine.

10.3. Booking Services

Once you’re happy with the itinerary, SIXT.VN can handle all the bookings for you:

• Flights: Booking international and domestic flights.
• Accommodation: Reserving hotels, resorts, or guesthouses.
• Tours and Activities: Arranging guided tours, cooking classes, and adventure activities.
• Transportation: Scheduling airport transfers, private car services, and train tickets.

10.4. On-the-Ground Support

During your trip, SIXT.VN provides continuous support to ensure everything runs smoothly:

• 24/7 Assistance: Access to a dedicated support team for any issues or emergencies.
• Local Insights: Recommendations for hidden gems, local events, and off-the-beaten-path experiences.
• Translation Services: Help with language barriers and communication with locals.

10.5. Post-Trip Feedback

After your trip, SIXT.VN welcomes feedback to improve future services and ensure customer satisfaction.

11. Essential Vietnamese Phrases for Travelers

Learning a few basic Vietnamese phrases can greatly enhance your travel experience and help you connect with locals. Here are some essential phrases:

12. What are the Latest Travel Trends in Vietnam?

Vietnam’s tourism industry is constantly evolving, with new trends emerging to cater to diverse traveler preferences. Here are some of the latest travel trends in Vietnam:

• Sustainable Tourism: Increased focus on eco-friendly accommodations, responsible travel practices, and community-based tourism initiatives.
• Wellness Retreats: Growing popularity of wellness retreats offering yoga, meditation, spa treatments, and healthy cuisine in serene locations.
• Experiential Travel: Demand for unique and immersive experiences, such as cooking classes, craft workshops, and homestays with local families.
• Adventure Tourism: Rising interest in outdoor activities like trekking, cycling, rock climbing, and water sports in Vietnam’s diverse landscapes.
• Culinary Tourism: Focus on exploring Vietnam’s rich culinary heritage through food tours, cooking demonstrations, and visits to local markets.
• Digital Nomadism: Growing number of remote workers and digital nomads choosing Vietnam as a base, attracted by its affordable cost of living, vibrant culture, and reliable internet connectivity.

13. What are Some Common Scams Targeting Tourists in Vietnam?

While Vietnam is generally safe for tourists, it’s essential to be aware of common scams to avoid being taken advantage of:

• Taxi Scams: Unlicensed or metered taxis may overcharge tourists or take longer routes to inflate the fare. Always use reputable taxi companies like Mai Linh or Vinasun, or use ride-hailing apps like Grab.
• Cyclo Scams: Cyclo drivers may quote a low price initially but demand a much higher amount at the end of the ride. Negotiate the price beforehand and confirm it before getting on.
• Shoe Shining Scams: Shoe shiners may aggressively offer their services and then charge exorbitant prices. Politely decline if you’re not interested, and always agree on the price beforehand.
• Motorbike Rental Scams: Rental shops may try to charge tourists for pre-existing damages to the motorbike upon return. Inspect the bike thoroughly before renting and take photos or videos of any existing damage.
• Street Vendor Scams: Street vendors may overcharge tourists for goods or services, or try to shortchange them when giving change. Be aware of prices and count your change carefully.

14. What are Some Cultural Dos and Don’ts in Vietnam?

Respecting local customs and traditions is essential for a positive travel experience in Vietnam. Here are some cultural dos and don’ts to keep in mind:

Dos:

• Dress Respectfully: When visiting temples, pagodas, or other religious sites, dress modestly and cover your shoulders and knees.
• Remove Shoes: Take off your shoes when entering someone’s home or certain temples.
• Use Both Hands: When giving or receiving something, use both hands to show respect.
• Ask for Permission: Before taking photos of people, especially in rural areas, ask for their permission.
• Bargain Politely: Bargaining is common in markets, but do so politely and with a smile.

Don’ts:

• Show Public Displays of Affection: Avoid excessive displays of affection in public, as it’s considered impolite.
• Touch Someone’s Head: The head is considered the most sacred part of the body, so avoid touching someone’s head.
• Point with Your Finger: Avoid pointing with your finger, as it’s considered rude. Use your entire hand instead.
• Lose Your Temper: Losing your temper or raising your voice is considered disrespectful.
• Sit with Your Feet Pointing at the Altar: When sitting in a temple, avoid pointing your feet towards the altar or Buddha images.

15. What are the Common Foods You Must Try in Vietnam?

Vietnamese cuisine is celebrated worldwide for its fresh ingredients, vibrant flavors, and diverse regional specialties. Here are some must-try dishes that will tantalize your taste buds:

• Pho: The iconic Vietnamese noodle soup, featuring a flavorful broth, rice noodles, herbs, and your choice of beef or chicken.
• Banh Mi: A delicious sandwich made with a crispy baguette, filled with various meats, pickled vegetables, cilantro, and chili.
• Goi Cuon (Fresh Spring Rolls): Translucent rice paper rolls filled with vermicelli noodles, shrimp, pork, herbs, and dipped in a savory peanut sauce.
• Bun Cha: Grilled pork served with rice noodles, fresh herbs, and a flavorful dipping sauce. This Hanoi specialty is a must-try.
• Cao Lau: A unique noodle dish from Hoi An, featuring thick noodles, pork, greens, and crispy croutons in a savory broth.
• Banh Xeo: A crispy crepe made with rice flour, coconut milk, and turmeric, filled with shrimp, pork, bean sprouts, and served with a dipping sauce.
• Com Tam (Broken Rice): A popular dish in Southern Vietnam, featuring broken rice served with grilled pork chops, shredded pork skin, pickled vegetables, and a fried egg.

16. What are the Benefits of Hiring a Local Tour Guide in Vietnam?

Hiring a local tour guide can significantly enhance your travel experience in Vietnam. Here are some of the key benefits:

• Expert Knowledge: Local guides possess in-depth knowledge of Vietnam’s history, culture, and attractions, providing valuable insights and context.
• Language Assistance: Guides can help you navigate language barriers and communicate with locals, making your interactions smoother and more meaningful.
• Insider Tips: Guides can share insider tips on the best places to eat, shop, and explore, helping you discover hidden gems and avoid tourist traps.
• Customized Itineraries: Guides can tailor itineraries to your specific interests and preferences, ensuring you get the most out of your time in Vietnam.
• Cultural Immersion: Guides can facilitate cultural immersion by introducing you to local customs, traditions, and etiquette.
• Safety and Security: Guides can help you stay safe and secure by providing advice on avoiding scams, navigating transportation, and understanding local laws.

17. What are some things to consider when choosing a hotel in Vietnam?

Choosing the right hotel can significantly impact your travel experience in Vietnam. Here are some important factors to consider:

• Location: Select a hotel in a convenient location that is close to the attractions, restaurants, and transportation options you plan to use.
• Budget: Determine your budget and look for hotels that offer good value for money within your price range.
• Amenities: Consider the amenities that are important to you, such as free Wi-Fi, breakfast included, a swimming pool, or a fitness center.
• Reviews: Read reviews from other travelers to get an idea of the hotel’s quality, service, and cleanliness.
• Room Type: Choose a room type that is suitable for your needs, whether it’s a single room, a double room, or a suite.
• Booking Policies: Check the hotel’s booking policies, including cancellation policies, check-in and check-out times, and payment methods.

18. What are the different types of accommodation available in Vietnam?

Vietnam offers a diverse range of accommodation options to suit every budget and preference:

• Hotels: From budget-friendly hotels to luxurious five-star properties, Vietnam has a wide selection of hotels to choose from.
• Hostels: A popular choice for budget travelers, hostels offer dormitory-style rooms and social spaces for meeting other travelers.
• Guesthouses: Guesthouses are smaller, family-run establishments that offer a more intimate and personalized experience.
• Homestays: Experience local culture firsthand by staying in a homestay with a Vietnamese family.
• Resorts: Vietnam boasts a number of stunning resorts, offering luxurious amenities, beautiful beaches, and a relaxing atmosphere.
• Apartments: Consider renting an apartment for a more independent and self-catered experience.

19. What are the best ways to get around in Vietnam?

Navigating Vietnam is relatively easy, thanks to a variety of transportation options:

• Taxis: Taxis are readily available in major cities and are a convenient way to get around. Use reputable taxi companies like Mai Linh or Vinasun.
• Motorbikes: Renting a motorbike is a popular option for exploring Vietnam, but it’s important to have a valid license and wear a helmet.
• Ride-Hailing Apps: Ride-hailing apps like Grab are widely used in Vietnam and offer a convenient and affordable way to get around.
• Buses: Buses are a cost-effective way to travel between cities, but they can be crowded and uncomfortable.
• Trains: Vietnam’s railway system connects major cities and offers a scenic way to travel.
• Flights: Domestic flights are a quick and convenient way to travel long distances within Vietnam.

20. What are some of the most popular tourist destinations in Vietnam?

Vietnam is a land of diverse landscapes, rich culture, and fascinating history. Here are some of the most popular tourist destinations:

• Hanoi: The capital city of Vietnam, Hanoi, is known for its charming Old Quarter, beautiful lakes, and delicious street food.
• Ha Long Bay: A UNESCO World Heritage Site, Ha Long Bay is famous for its stunning limestone karsts and emerald waters.
• Hoi An: A historic trading port, Hoi An, is known for its colorful architecture, tailor shops, and delicious cuisine.
• Ho Chi Minh City: The largest city in Vietnam, Ho Chi Minh City, is a bustling metropolis with a vibrant nightlife and a rich history.
• Sapa: A mountain town in Northern Vietnam, Sapa, is known for its stunning rice terraces and ethnic minority cultures.
• Da Nang: A coastal city in Central Vietnam, Da Nang, is known for its beautiful beaches and the iconic Dragon Bridge.
• Nha Trang: A popular beach resort city, Nha Trang, is known for its crystal-clear waters, white-sand beaches, and diving opportunities.

Understanding the Vietnamese Dong and how to manage your money is essential for a smooth and enjoyable trip. With SIXT.VN, you can plan your entire Vietnam adventure with ease, from airport transfers and hotel bookings to tours and activities. Contact SIXT.VN today at Address: 260 Cau Giay, Hanoi, Vietnam. Hotline/Whatsapp: +84 986 244 358. Website: SIXT.VN to start planning your dream trip to Vietnam!

Frequently Asked Questions (FAQs) About Vietnamese Currency (VND)

1. Is it better to exchange money before arriving in Vietnam, or upon arrival?

It’s generally better to exchange money upon arrival in Vietnam, as you’ll likely get more favorable exchange rates compared to exchanging money in your home country.

2. Can I use US dollars in Vietnam?

While some establishments, especially those catering to tourists, may accept US dollars, it’s generally more convenient and cost-effective to use the local currency, VND.

3. Are ATMs widely available in Vietnam?

Yes, ATMs are widely available in Vietnamese cities and tourist areas. However, it’s a good idea to withdraw extra cash before traveling to remote destinations.

4. What is the typical withdrawal limit at ATMs in Vietnam?

Withdrawal limits vary depending on the bank, but typically range from 2 million VND to 3 million VND per transaction for local bank ATMs, and 5 million VND to 10 million VND for international bank ATMs.

5. Do I need to tip in Vietnam?

Tipping is not a standard practice in Vietnam, but it is becoming increasingly common in certain situations, such as in restaurants, beauty salons, and for tour guides.

6. Is bargaining acceptable in Vietnam?

Yes, bargaining is a common practice in markets and smaller shops. However, it’s important to do so politely and with a smile.

7. What should I do if I encounter a currency exchange scam in Vietnam?

If you suspect you’ve been scammed, try to resolve the issue calmly and politely. If that’s not possible, report the incident to the local police or tourist authorities.

8. How can I avoid taxi scams in Vietnam?

Use reputable taxi companies like Mai Linh or Vinasun, or use ride-hailing apps like Grab. Always ensure the meter is running and agree on the price beforehand.

9. Is it safe to use credit cards in Vietnam?

Yes, it’s generally safe to use credit cards in Vietnam, but it’s important to take precautions such as keeping your card in sight and checking your statements regularly for any unauthorized transactions.

10. What is the best way to handle money in Vietnam?

The best approach is to use a combination of cash and credit cards. Carry enough cash for smaller purchases and use your credit card for larger expenses at reputable establishments.

Consider exploring these related articles for more Vietnam travel tips:

• [Best Time to Visit Hanoi](Internal link to relevant article)
• [Hanoi Airport Transfer Guide](Internal link to relevant article)
• [Top Attractions in Hanoi Old Quarter](Internal link to relevant article)