The local currency is Vietnamese Dong (VND). Cash is still widely used, especially at local markets and small shops, though cards and e-wallets are increasingly accepted in cities. ATMs are common in urban areas; notify your bank before traveling to avoid card blocks. It's a good idea to carry small denomination bills for taxis, street food, and tipping. Currency exchange counters at the airport offer convenience but slightly worse rates than banks or licensed exchange shops in the city.
Where to Exchange Currency
- Banks (Vietcombank, BIDV, Eximbank, VietinBank, Techcombank) — the safest, most transparent option, though rates are usually slightly lower than private exchange counters. Bring your passport; some branches may also ask for proof of travel (flight ticket, hotel booking).
- Licensed gold shops / exchange counters — in Vietnam, many jewelry shops ("tiệm vàng") are officially licensed to trade foreign currency and offer better rates than banks. In Ho Chi Minh City, well-known clusters are around Bến Thành Market (District 1) and Lê Thánh Tôn street. In Hanoi, Hà Trung Street (Hoàn Kiếm district) is the city's best-known "gold and currency street." Only use shops with a clearly posted exchange license — unlicensed street changers are illegal and risk counterfeit notes.
- Airport counters (Tan Son Nhat, Noi Bai) — convenient for landing cash but rates are the least favorable. Best used only for a small amount to cover transport into the city; exchange the rest at a bank or licensed shop later.
- Hotel front desks — some larger hotels offer currency exchange for guests, usually at a modest markup — convenient but not the cheapest option.
- ATM withdrawals — often the most practical choice: withdraw VND directly with your international debit/credit card. Compare your bank's foreign transaction fees beforehand, as some charge more than others.
