VIETNAM CURRENCY → VIETNAMESE DONG IN 2024

Vietnamese Currency officially known as the Vietnamese Dong (VND) with symbol of ₫ , which has been chosen as the state currency of Vietnam since May 3 1978. as in 2024, the banknotes comes in denominations of paper money 500d, 1000d, 2000d, 5000d, and polymer money comes in 10,000d, 20,000d, 50,000d, 100,000d, 200,000d and 500,000d with portrait of late president Ho Chi Minh on ALL Vietnamese currency.

Coins are no longer in circulation, however, they used to be on 500d, 1000d and 5000d. The Vietnamese currency VND, has experienced its ups and downs. It was in late 1990’s when Asian economic crisis occurred, which wreaked severe havoc on the regional currencies, caused the VND to lose about 15% of its value against USD.

However, since 2010, the exchange rate of Vietnamese dong has been stable and makes it one of the most stable currencies in Asia and the whole world, as the exchange value against the American dollar trade between 22,000d to 24,000d in 2024. If you’re traveling in Vietnam, please Thebes is to exchange your money into VND as prices are quoted in VND not in USD.

Vietnam offers great value for money, a destination with wide variety of cuisine, hotel chains, and a wonderful attractions and things to do. Vietnam is an excellent destination that give you more value for money. Get to know the local currency and how payments works if you’re a first time traveler. Find out detailed guide to money matters for travellers in Vietnam.

What is Vietnamese money called?

VND and or Vietnamese Dong is the official name of the Vietnamese Currency. With sign: D; code: VND and the symbol of “₫” in the domestic market. The term “dong” refers to the copper material used in the past to make the Coin which are no longer in circulation. The currency VND we use nowadays has been first introduced since the May of the 1978 issued by the state bank of Vietnam.

Currently, No coin anymore in circulation since 2011 yet there are two types of banknotes to spend in te market. The Vietnamese money in circulation comes in the Polymer notes, which come in denominations of 500,000 VND, 200,000 VND, 100,000 VND, 50,000 VND, 20,000 VND, and 10,000 VND, and the Paper notes (Since before 1990), which come in denominations of 5,000 VND, 2,000 VND, 1,000 VND, 500 VND, and 200 VND. The value of any money under 5000VND is so small and basically can’t get you anything, specially the 2000, 1000 and smaller banknote, yet they are still in use even though they won’t be traded much.

History & Evolution of Vietnam currency

The Vietnamese money circulating nowadays in the market has seen its evolution. The history of Vietnam’s currency is a fascinating journey that reflects the nation’s resilience and adaptability. The story begins with the French Indochinese piastre, used during the colonial era, giving way to the đồng upon gaining independence in 1953. However, the economic turbulence during the Vietnam War led to multiple currency changes.

Post-war reunification in 1975 saw the introduction of a unified Vietnamese Dong (đồng), symbolizing a new era for the country. Economic reforms in the late 20th century, known as Đổi Mới, ushered in a market-oriented approach, impacting the currency’s value and stability. Vietnam’s rapid economic growth in the 21st century has positioned the Vietnamese Dong as a symbol of a dynamic and flourishing economy. Understanding the history of Vietnam currency unveils the nation’s resilience, adaptability, and its ongoing journey towards economic prosperity.

How much is $100 US in Vietnam Currency?

Curious about the exchange rate for $100 US in Vietnam Currency? As of [Jan.2024], 1 USD is approximately [24.470] VND. Among the all major foreign currencies, the United States Dollar is the most popular and easily exchanged into VND. You can always pay your hotel bill, tours and or other regaled services with US dollar, however, the exchange rate might not be as good as the official state rates, so again, you better have your Vietnamese money in hand and pay your bill using Vietnamese Dong.

Note: All the supermarkets, street vendors and restaurants only accept Vietnamese Dong.

1 EUR to VND – Euros to Vietnamese Currency Exchange Rate

As of [Jan of 2024], the exchange rate of Euro to Vietnamese dong is approximately [27500] Vietnamese Dong (VND) for 1 Euro. However, Euro may not be as popular as the American Dollar, but still one of the major foreign currencies to exchange in Vietnam. If you are traveling from Europe and wondering which currency is, better to carry, safer and most exchanged then rest assured that Euro money is also a popular currency to exchange into Vietnamese Currency. We suggest you to exchange your Euro in state banks and official money changer services.

Exchanging Euro money to Vietnam Currency at banks are fairly easy and straightforward, you’ll need your valid passport and any bank with exchange facilities will change Euro into Vietnamese currency – you can do it at the airport or any other exchange booth as well. and thing to consider is that only new banknotes are exchanged with official rates, the old banknotes of Euro and or USD are exchanged often with lower rate.

Japanese Yen, JPY, to Vietnam currency

The Japanese Yen (JPY) is not commonly accepted anywhere in Vietnam, so we do recommended to exchange Japanese Yen for Vietnam currency upon arrival, at the airport and or at bigger bank branches, the small banks may not offer exchange services to any currency other than USD, EURO, or GBP. The official exchange rate of Japanese Yen to Vietnamese Dong, at Jan of the 2024 is 176.

Note: All the banks, foreign exchange offices and licensed gold shops (AKA money changes), will to easily exchange damaged foreign banknotes, if they are teared up, old notes and or not new as not older than 5 years, the exchange rate may not be that pleasant. so bring your new, crips sealed Japanese Yen and or USD and easily exchange them upon arrival.

British Pounds to Vietnamese Dong Exchange Rates

Vietnam offers great value for British Pounds. If you are embarking on a journey to Vietnam, stay informed about British Pounds to Vietnamese Dong exchange rates for a seamless travel experience. As of [January of the 2024], the exchange rate is approximately [31.342] Vietnamese Dong (VND) for 1 British Pound (GBP).

Exchange services are readily available in cities and tourist hotspots, such as hotels, bigger restaurants and generally those within location in tourist areas, offering fair rates.

We also strongly advice you to exchange your GBP to Vietnam Currency right upon arrival at the airport (usually with a little lower rate), or hold on and exchange it when you are in the city. The best places are banks such as Vietcombank, Techombank, BIDV and all the state banks. The gold shops (money changers), are also a great choice for exchanging British Pounds to Vietnam currency.

Note: Hotels and tourist offices may not accept your British Pounds, so, we recommend you to exchange and pay your bills with Vietnamese Currency.

Australian dollars to Vietnamese dongs Exchange Rate

AUD To VND: Convert Australian Dollar to Vietnamese Dong, as of the January of the 2024, 1 AUD exchange at 16.790 into Vietnamese Dong, VND. The best places to exchange Australian Dollar into Vietnam Currency are the Banks and Exchange offices. Please bear in mind that larger banknotes will always gets better exchange rates so, if you are traveling for a certain period of time, we recommend you to exchange larger Australian banknotes in order to get most value out of your AUD.

Hotels and other tourism service providers may and or may not accept your AUD, as always, it is highly recommended to exchange Australian Dollar into Vietnam currency and travel risk free.

How much is $100 Canadian in Vietnam Currency?

Curious about the exchange rate for $100 Canadian in Vietnamese dong? As of [January of the 2024], 1 CAD is approximately [17000] Vietnamese Dong (VND), so $100 CAD equal to 17,000,000 VND. Conveniently exchange your Canadian dollars at local banks or exchange offices or upon arrival at the international airports with slightly lower rates compare to if you exchange at the banks.

Most hotels and tourism information officers may not be Able to accept your Canadian Dollar, so, we strongly advice you to exchange your CAD to VND to avoid lower rates. Local markets and vendors and restaurants all accept local Vietnam Currency, the Vietnamese Dong.  To get Thebes value exchange rate from CAD to VND, we recommend you to exchange at biggest state bank branches and or exchange offices.

Singapore dollars to Vietnamese dongs Exchange Rate

Vietnam is a popular destination for Singaporean travelers and therefore, the SGD is also considered as one of the major foreign currencies to be accepted and exchanged into Vietnam currency. As of the January of 2024, the 1 SGD to VND converts to 18,600 VND.

Again, USD, the American Dollar is the most popular foreign currency in Vietnam, even though SGD is a valuable currency, but it will not easily accepted in Hotels and other tourism related serviced. So, if you are traveling from Singapore, we also recommend to exchange your SGD to VND upon arrival at the International airports and or through banks.

Where are the best Places to Exchange Money in Vietnam

Explore the best places for Vietnam currency exchange to get the most value for your money. Major cities like Hanoi, Ho Chi Minh City, and Da Nang offer a plethora of reliable exchange services. Banks and authorized exchange booths in tourist areas provide competitive rates. Be cautious of street vendors offering currency exchange, as rates may not be as favorable.

Following are few best and easy options available to exchange your dollar and or other major currencies into Vietnam currency:

Airports → The good thing, Hanoi and Ho Chi Minh City Airports have several money changers offering very fair exchange rates that are in most cases much better than you would be getting in your home country. For getting the best exchange rate at Vietnam’s Airport, you should go down right after immigration process and exchange your foreign money into Vietnam currency. USD, GBP, AUD, CAD and THB are the most accepted, remember to always carry new, and not damages banknotes.

Banks→ Safe and secure place to exchange foreign currencies into Vietnam money, the banks may not be then BEST place to offer you with the highest exchange rate (Compare t gold and jewelry shops), however, the exchange rates aren’t that different from exchange offices, the difference may be 5-10 VND only. Banks will buy your foreign currency and exchange them into Vietnam money, however they require your passport and a valid visa to process the money conversion.

Gold shops (Money Changers)→They always offer higher exchange rates, even higher than the banks, however they may include with hidden fees, so, The best is to deal and fix the final exchange rate and make sure how much you get out of your USD and or other currencies you want to exchange.

Currency Exchange in Vietnam and Where to Get the Best Rate? There are 3 major ways to convert money and receive Vietnam currency. The best advice is to exchange your money into USD, as the American dollar is more convenient and easily exchanged anywhere in Vietnam. We always recommend travelers to exchange money upon arrival and spend only Vietnamese currency.

Whenever changing cash in Vietnam, carry your passport with a valid visa. Although gold shops may not ask for it, banks and money exchangers are supposed to take a photocopy of passports (for foreigners) or ID cards (for Vietnamese nationals).

Credit Card – Traveller Cheques & ATM cash machines in Vietnam

Cash points are known in Vietnam as ATM. When you use a bank card from your home country, the ATM will add a service fee which is usually between 30k to 60k VND depending on the Banks’s and ATM you’re withdrawing money from.

You will find ATMs at locations around Vietnam including many of the smaller towns which previously didn’t have them at all. When you place your card in the machine you have an option for instructions in Vietnamese and English. For added security, some travellers would prefer to only use their credit-card to withdraw at a cash point located at a bank instead of, for example, an ATM in a shopping mall and or in the street.

Traveller Cheques in Vietnam → Previously a popular way to save money on exchange rates into Vietnamese Currency, travellers’ cheques have fallen out of favour. Although you can still sometimes get a fair exchange rates, however, this is offset by the higher bank fees of between 2-4% to process them. Should we use travelers cheques in Vietnam? The answer is, you aren’t advised to use travelers cheques in Vietnam because it isn’t cheap and convenient at all. Carry your credit card, and remember to inform your bank to avoid any issues being flagged by suspicious activity.

Getting cash from your debit card

In fact, you can walk into a bank branch and ask for a cash advance or withdrawal on your debit card. In reality, most banks in Vietnam will simply ask you to use the ATM in order to withdraw the cash as Vietnamese Currency (with your credit card being charged from 30k to 60kVND). But if you walk into a bank when they are not busy and find a staff member happy to help, you may be lucky. You’ll save the ATM fee, but will still need to check the fees your home bank charges. Remember to carry your passport and a valid visa as the banks will keep a photocopy of both of them.

Vietnam → What 10 Dollar Can Buy You

Here few things you can buy in Vietnam for under USD10 – That’s equal to 245000VND – Vietnam currency

Vietnam sounds a cheap country to spend your dollar, especially when you compare to western Prices! You’re probably thinking ‘How much money should I take to travel Vietnam? or Is it expensive to travel Vietnam?’ WELL! We have put together for you a list of few things you can buy for under USD10 while you’re on your travels in Vietnam in 2024.

A proper local meal for 2 → One of the greatest things about Vietnam is the fresh cuisines and there is so much foods from street stall foods to eating in a local restaurant. Not only is it delicious but you can get yourself a full bbq chicken, load your bag with few kilos of local fresh Vietnamese Fruits

Traditional Vietnamese Massage → With the popularity of massage in Asian countries, Vietnamese spas and massage shops offer different sort of massage to helps the body keep the balance and energy. And, if you are looking for a normal therapy that is for back, foot, hands and shoulders, then with under USD10, you’ll get a proper one for an hour massage. The best places to offer massage are not really in and around theorist hot spots, try to get a way from city center and you may find much better quality. → Learn more about Vietnamese Massage

A fresh pint of Bia Hoi → Vietnamese draught beer has been super cheap and popular by travelers and probably you will be the next person going to give it a try. This freshly brewed foamy beer will get you enough of a beer night and usually a pint of bia hoa would serve 2-3 people at a time.

Coffee time → Vietnam is a popular place for coffee lovers since its famous beans are on top 5 best in the world, so, what better than trying different cafes and get yourself few decent Coffee while traveling in Vietnam? A cup of locally made Vietnamese black cafe would cost you for 25 to 40k VND (less that 2USD). While other fancy places and hotels would offer Cappuccinos and Americano plus a piece of freshly made cake for 2 with 10USD. In addition, you can get yourself a pack of 100g of Vietnamese Ground Coffee with 150KVND (depending on the kind of bean) → A guide to Vietnamese coffee

Visit Museums and Local Attractions → There are lots of attractions and things to do while traveling in Vietnam, whether in Hanoi in north and or in Ho Chi Minh City in the south. Most of the attractions and museums required entrance tickets to which they cost not under USD2, so count on how many places you can visit in one day. if you need to know then → Top 10 places to see in Ho Chi Minh City