Vietnam

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Vietnam

Currency of Vietnam

Heading to Vietnam? Don't get caught off guard by the local currency! This guide will equip you with all the knowledge you need to navigate Vietnamese Dong like a pro:

Counting your pennies:

Vietnam's currency is the Vietnamese Dong (VND), often abbreviated as "₫". Similar to India, it's divided into smaller units called "xu", but 1 xu is worth a measly fraction of a Dong, so you'll likely only encounter notes and coins.
Coins come in denominations of 200₫, 500₫, 1,000₫, 2,000₫, and 5,000₫. Notes range from 200₫ to 500,000₫, with common options being 500₫, 1,000₫, 20,000₫, and 50,000₫.
Unlike Dubai, rounding in Vietnam isn't a common practice. So, a bill of 22,000₫ needs to be paid with exactly that amount, not rounded up or down.

Exchanging currency in Vietnam

Foreign exchange agencies: Look for licensed exchangers like Vietcombank, BIDV, or ACB for competitive rates and minimum fees.
Banks: While convenient, banks often offer less favorable rates than dedicated exchange counters.
Airports: Though convenient, airport exchange rates are usually not the best. Exchange only a small amount for immediate needs and wait until you reach your destination for better deals.

Staying Savy

Plastic is fantastic: Carry a Visa or Mastercard debit or credit card for cashless convenience. Most shops and restaurants accept cards, especially in tourist areas.
Download a currency converter app for real-time exchange rates and easy calculations.
Be wary of street money changers. Stick to reputable establishments to avoid scams.
Always ask for small change when paying in cash, as larger denominations can be difficult to break.

With these tips and a bit of preparation, navigating Vietnamese Dong will be a breeze. Relax, explore, and savor the sights, sounds, and flavors of Vietnam without currency woes holding you back!

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