Vietnam, with its vibrant culture, delicious cuisine, and stunning landscapes, is a popular destination for travellers from around the world. As you plan your trip, one crucial aspect to consider is managing your finances, particularly vietnamese dong currency exchange (VND). Understanding the exchange rate in Vietnam and knowing where to get the best rates can significantly impact your travel budget. Here’s a guide to help you navigate the currency exchange in Vietnam efficiently.
I. Exchange rate in Vietnam
In Vietnam, the official currency is the vietnam dong (VND). For first-time visitors, understanding the exchange rate in Vietnam and following essential money exchange tips is crucial for smooth transactions. Staying informed about these financial aspects will significantly enhance your travel experience. The most commonly exchanged currencies in Vietnam are the American dollar and the euro. The exchange rate fluctuates, so it's important to stay updated. Currently, one American dollar converts to approximately 23,000 VND, but this rate can vary. For European travellers, the euro typically exchanges for between 25,000 and 27,000 VND. Always check the latest rates before making significant transactions.
By staying informed about the American dollars to Vietnamese Đồng rate and adhering to recommended exchange practices, you can avoid unnecessary costs and enjoy a seamless financial experience in Vietnam. You can refer to the following exchange rate table, but please note that exchange rates fluctuate daily, and the provided rates reflect the currency exchange values as of August 8, 2024.
Convert VND to USD, Euro and Pound |
🇻🇳 Dong | 🇺🇸 USD | 🇫🇷 Euro | 🇬🇧 Pound |
10.000 | 0.4 | 0.36 | 0.31 |
20.000 | 0.8 | 0.73 | 0.63 |
50.000 | 1.19 | 1.82 | 1.57 |
100.000 | 3.98 | 3.64 | 3.14 |
200.000 | 7.95 | 7.28 | 6.27 |
500.000 | 19.88 | 18.19 | 15.68 |
II. Where is the best place to exchange money?
Currency exchange in Vietnam’s banks offers numerous benefits that enhance your travel experience. Banks are the safest place to exchange currency, but currency exchange booths also offer competitive rates. Banks like Vietcombank, Techcombank, and BIDV are known for providing competitive exchange rates in Vietnam, ensuring you get the most value for your money. They offer exceptional service with professional staff, secure transactions, and guaranteed authenticity, eliminating the risk of counterfeit notes. Banks also ensure a transparent exchange process with clearly displayed rates and minimal service fees. Opting for a reputable bank maximises your travel budget, allowing you to fully enjoy Vietnam's vibrant culture and attractions. For the best rates when converting American dollars to vietnamese dong, these banks are highly recommended. Besides banks, you can refer to some of the following reputable addresses for money exchange.
1. In Hanoi
a. Kim Linh Gold Shop
- Address: 67 Hang Bac Street, Hang Bac Ward, Hoan Kiem District, Hanoi
- Google map: https://maps.app.goo.gl/PPzHjpALuiUmWtUu5
- Phone number: +84 243 825 3649
- Opening hours : from 8.30 a.m to 6 p.m from Monday to Saturday
Kim Linh Gold Shop, located at 67 Hang Bac Street, is the premier destination for
exchange rate in Vietnam, especially in Hanoi. Renowned for its reliability, competitive rates, and excellent customer service, this well-established exchange centre is easily accessible and convenient for both tourists and locals. The professional staff ensure friendly and efficient service, making every transaction smooth and secure. With transparent
vietnamese money exchange rates prominently displayed, customers can trust the fairness of their exchanges. Whether you're exchanging a large sum or a small amount for daily expenses, Kim Linh Gold Shop provides a trustworthy and hassle-free experience, solidifying its reputation as the go-to spot for currency exchange in
Hanoi Old Quarter.
b. Thinh Loan Silver Shop
Where is the best place to exchange money? Go straight ahead to Thinh Loan Silver Shop, located in the bustling heart of Hanoi, is highly regarded as one of the best addresses for currency exchange in Vietnam. Known for offering some of the most competitive currency exchange rates, Thinh Loan attracts a diverse clientele, including both tourists and locals, who appreciate the transparency and fairness of its rates. Customer satisfaction is a top priority at Thinh Loan, with numerous positive reviews highlighting the professionalism, friendliness, and efficiency of the staff. The exchange process is seamless, ensuring quick transactions without compromising security. Thinh Loan silver shop also provides additional services such as gold trading, making it a versatile stop for various financial needs. Conveniently situated in a lively and accessible area, this shop is a trusted and reliable destination for anyone needing to vietnamese dong currency exchange in the capital.
c. Quang Huy Gemstone
Located at 130 Hang Bac Street, Quang Huy Gemstone provides a premier currency exchange experience that attracts tourists from around the globe. Renowned for offering competitive rates and a magnificent selection of gemstones and jewellery, Quang Huy seamlessly blends financial services with aesthetic appeal. Visitors can exchange American dollars to Vietnamese Đồng and benefit from transparent, fair rates while enjoying warm, professional service. The shop guarantees secure and swift transactions, making it a trustworthy choice for travellers. Beyond currency exchange, tourists can explore an exquisite collection of high-quality gemstones, adding a special sparkle to their Hanoi journey. Quang Huy Gemstone is more than just a vietnamese money exchange spot, it’s a place where financial needs and a passion for beauty meet, offering an unforgettable experience for all.
d. Tuấn Liễu gold and silver shop
Tuan Lieu gold and silver shop is a top choice for tourists seeking reliable
currency exchange services, the best answer for those who are wondering Where is the best place to exchange money ? Renowned for its highly competitive rates, Tuấn Liễu ensures visitors get excellent value for their money. The shop's commitment to transparency and customer satisfaction has earned it rave reviews from travellers and locals alike. The exchange process is streamlined and secure, with courteous and efficient staff ready to assist. Additionally, Tuan Lieu gold and silver shop offers an exquisite selection of gold and silver jewellery, perfect for unique
souvenirs to buy in Vietnam. Its central location makes it easily accessible, combining exceptional service, great rates, and stunning jewellery into a must-visit spot for tourists in Hanoi.
2. In Ho Chi Minh city
a. Ha Tam Jewelry
- Address: No 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City, Vietnam
- Google map: https://maps.app.goo.gl/5XcEjXP19PPcgVmC6
- Phone number: +84 283 823 7243
- Opening hours : from 8 a.m to 7 p.m daily
Located in the bustling heart of Saigon, Ha Tam Jewelry is renowned not only for its exquisite jewellery but also as one of the best places for vietnamese money exchange in the city. With a commitment to excellence and customer satisfaction, this place offers competitive exchange rates and secure, reliable services that both locals and tourists can trust. Conveniently situated near major attractions and shopping areas, this shop provides a seamless and efficient money exchange process. The professional staff ensures each transaction is handled with utmost care and transparency, making Ha Tam Jewelry a top choice for safe and favourable currency exchange in Saigon.
b. Minh Thu, currency exchange company in Ho Chi Minh city
Minh Thu is a renowned and reputable destination for foreign currency exchange in Ho Chi Minh City, celebrated for offering some of the best currency exchange rates in the region. Situated in the city's heart, Minh Thu provides seamless and reliable services, making it a top choice for both locals and tourists. Here, you can exchange a wide variety of currencies, including American dollars to Vietnamese Đồng or Euro to Vietnamese Đồng and other currencies such as British pound, Japanese Yen, Thai Baht,... Known for its transparency, competitive rates, and professional service, Minh Thu ensures each transaction is handled with care and precision. The quick and efficient exchange process maximises your money's value with minimal hassle, and strict regulations prevent counterfeits, guaranteeing authenticity. Additionally, Minh Thu offers a range of financial services, making it an excellent choice for all your currency exchange needs in Ho Chi Minh City.
c. Kim Mai Jewelry Shop
When it comes to foreign currency exchange in Ho Chi Minh City,
Kim Mai Jewelry Shop is a standout destination. Known for offering some of the best exchange rates, Kim Mai attracts many customers who seek to get the most value for their money. The shop is particularly favoured for its ability to handle large transactions, making it essential for customers to contact them in advance to negotiate the best possible rates. This shop in
Ho Chi Minh city specialises in
currency exchanging major currencies such as USD and Euro. Additionally, it is a popular choice for those looking to exchange Thai Baht due to its stable and competitive rates. Given its reputation,
Kim Mai Jewelry Shop often sees a high volume of customers, so it’s common to experience a wait. However, the shop's excellent service and favourable rates make it worth the wait for many.
d. Saigon Jewelry Center
Where is the best place to exchange money? The Saigon Jewelry Center stands as a wise choice for tourists seeking reliable and efficient money exchange services. Renowned for its trustworthiness and competitive exchange rates in Vietnam, the centre offers a seamless experience for visitors needing to convert their currency. With a commitment to providing excellent customer service, the Saigon Jewelry Center ensures that each transaction is conducted with transparency and security, making it a favoured spot among travellers. Beyond vietnamese money exchange, the centre's strategic location in one of Vietnam's vibrant commercial hubs provides tourists with an opportunity to explore a variety of high-quality jewellery and accessories, adding a touch of luxury to their visit.
III. Tips for exchanging money in Vietnam
- Avoid high fees: Be aware of hidden fees and commissions that some exchange services might charge. Always ask for a breakdown of the costs involved.
- Keep receipts: Save the receipt from your currency exchange transaction, as you might need it if you want to exchange your Vietnamese Đồng back to your original currency before leaving Vietnam.
- Avoid street exchangers: Stick to official exchange offices and banks. Exchanging money on the street can be risky and might lead to receiving counterfeit notes.
- Understand local currency: Familiarise yourself with the Vietnamese Đồng, especially the denominations and the appearance of the notes to avoid confusion and potential scams.
- Check the polymer material: check hidden image element, and embossing to ensure you receive genuine notes. The new polymer notes easily stick to each other, so count your money carefully and try not to pay more money than you need.
To get the best exchange rates in Vietnam, stay informed about current rates and avoid hidden fees. Carry small bills for easier transactions and always verify the authenticity of your money. By following these simple tips, you can make the most of your vietnamese money exchange and enjoy all the beautiful sights and experiences Vietnam has to offer.
If you have any inquiries about the currency or seek expert travel advice for Vietnam, don’t hesitate to reach out to
AUTOUR ASIA - best travel agency in Vietnam for additional recommendations. You can also choose one of our customized tours to explore Vietnam with our exceptional local guides.
Is it better to exchange cash in Vietnam?
You may want to exchange money to VND before you leave, but it's also usually convenient to make ATM withdrawals locally once you arrive in Vietnam. You'll usually find you can use a card to make payments in Vietnam, but carrying some cash in VND is also reassuring.
What is the cheapest way to exchange currency in Vietnam?
Many hotels in Vietnam offer vietnamese money exchange to their guests. These services may be convenient, but exchange rates may be lower than at banks or exchange offices. Additionally, some hotels may require a copy of your passport or charge a fee for the change.