We do our very best to give you the most accurate journalistic information, but we can’t guarantee to be perfect. You use the information at your own risk, for more details read how our site works . With a wealth of affordable cuisine, hotels, and things to do, Vietnam is an excellent destination if you’re looking for value for money. Prepare for your first time in Vietnam by getting to know the local currency and payment systems, so you can enjoy your holiday here even more. Here’s a quick guide to money matters for travelers in Vietnam.
- The highest denomination in Vietnamese currency notes is 500,000 VND, which is printed on the polymer with dark blue color and size 152mm x 65mm.
- Old, contaminated, or damaged notes get lower exchange rates.
- Ha Tam Jewelry Store – one of the best places to exchange currency in Ho Chi Minh City.
- If you are going to travel to Vietnam, give our team a chance to show you Ho Chi Minh City and South Vietnam.
The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The applicable exchange rate does not include, and is separate from, any applicable fees. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere.
Currency in Vietnam – Info about Vietnamese Dong, ATMs and exchange rates
Find a lower price within 24 hours of your purchase, from a licensed dealer, that accepted the same payment option you used with us and we will match or beat it guaranteed. In addition to our US Treasury registration we are licensed as a currency exchange with every US state that we operate in. Licensure is an extensive process put in place by individual states to protect their citizens.
Vietnam Sets Dong Fixing at Record Low as Dollar Strength Grows – Bloomberg
Vietnam Sets Dong Fixing at Record Low as Dollar Strength Grows.
Posted: Thu, 08 Sep 2022 07:00:00 GMT [source]
Some offer to give 10 million Dong in the same transaction whereas others will only allow you to withdraw 5 million dong or even as little as 2.5 million dong or 1 million VND. Besides the Vietnamese dong, no other currency is officially accepted in Vietnam. Don’t accept any damaged notes from others, as it will be hard for you to use them again. We also hold many State Licenses and have an A-rating with the Better Business Bureau. Compare us to any major dealer in the market and our Vietnamese Dong pricing will meet or be lower than any dealer guaranteed.
Money in Vietnam, exchange, tipping & ATM’s
Planning to buy some Vietnamese Dongs for your next holiday? Compare the best VND rates from some of the biggest travel money providers to have your holiday funds conveniently delivered to your home. Alternatively, you have the option to choose the Wise travel money card, and swerve from unclear exchange rates. Not all gold shops in Vietnam are allowed to exchange currency. It is a good choice to exchange currency at gold shops which can do the exchange legally because gold shops usually offer high exchange rates. As you start your trip, having local currency on hand lets you easily cover immediate expenses without needing to hunt down a currency exchange office.
The word ‘dong’ comes from the term “dong tien,” literally meaning “money,” referring to Chinese bronze coins used during the dynastic periods of Vietnam and China. You can also withdraw dong from an ATM whenever you need them – giving you the https://bitcoin-mining.biz/the-best-you-can-afford-with-bitcoin-right-now/ safety of spending with a card, and the convenience of cash. For the best online experience, we recommend logging in at usbank.com. Foreign currency can now be ordered right at your fingertips, and we’ll send an email to confirm the order.
In areas with high tourist traffic, sellers sometimes refuse any attempts at bargaining down, knowing that there will always be another tourist willing to pay the prices they quote. Major currencies can be exchanged practically anywhere in Vietnam, but not all exchange facilities are created equal. Banks and airport moneychangers can change your money at a high cost relative to a jewelry shop in Hanoi’s Old Quarter, so it pays to ask around before trading dollars for dong.
Still, although the Vietnamese
economy continues to outperform its neighbors throughout Asia,
the foreign-exchange rate for the
Dong hasn’t kept up. Whether you’re buying the Dong for your collection of
colorful world currencies, or whether you’re looking toward future currency exchange with a top dealer such as
Currency Liquidator. This calculation is based on spending 1,000 GBP to compare travel money with the Wise card vs exchanging cash for a holiday. You can buy Vietnamese dong with dollars at major banks like Wells Fargo and Bank of America.
How do I buy or order foreign currency?
The Vietnamese Dong note has several advanced anti-counterfeit measures, which are easy to identify and extremely difficult to reproduce. When buying Dong, at the very least you should insist on a
written guarantee of authenticity for the currency you buy. Finally, notes with face values of 10,000 to
500,000 were printed at intervals during the years 1990, 1991, 1994, 2003,
2006, and some years thereafter. Due to superior quality and
affordability, many international manufacturers outsource their
most important components from Vietnamese
manufacturers.
Although it’s still minimal value, only equivalent to about 0.23 USD, you may ask the seller to return it to you. However, coins quickly reveal their weaknesses, such as heavy and hard-to-store, while automated trading machines using coins had not yet been widespread in Vietnam. It’s not too difficult to find a bank or bank branch in all cities of Vietnam. I will also answer some of the most frequently asked questions about money and currency in Vietnam. Tips are not expected in Vietnam, but it is greatly appreciated. For someone who earns US $ 150 a month, a $ 1 tip is important.
I suggest you to use the ATM card and withdraw money overseas. It will be far profitable, as you will get better exchange rates than the brick and mortar stores. In major metropolitan cities and centers of provinces, you have many choices of banks. In rural areas, there are a few bank branches, sometimes only one bank branch.
Travel money cards are a safe and convenient way to spend in Vietnamese dong (VND) – and if you pick the right one they could help you save on currency conversion, too. Top up your card balance in dollars and convert those dollars to dong to spend in stores and restaurants, or withdraw cash from ATMs when you need it. And Vietnamese sellers aren’t exactly the most cheerful bargainers.
Key information about Vietnamese Dong
You will need to be a bank customer already and can order it online easily. It might be difficult to get not so common currencies in usual travel agencies and exchanges. You may have to go to a large scale exchange and the rates will be very less (due to less competition). For additional information related to Wires and foreign currency wires, please see the Online Access Agreement or applicable service documentation. Whether online, in-person at a branch, or over the phone, Wells Fargo offers a number of ways to send international wire transfers. But, troubles can appear when you forget that you are going to the market or a small roadside shop to buy a bottle of mineral water with a 500,000 dong note.
You can easily find a place to exchange currency in Vietnam. Besides, the black market still exists, it is not recommended if you are not https://topbitcoinnews.org/worlds-first-bitcoin-private-jet-customer/ in a hurry. Note that larger denomination notes get better exchange rates. Old, contaminated, or damaged notes get lower exchange rates.
Explore business resources
Revolut is only available in the United States, the United Kingdom, the EU/EEA, Australia, Japan, Singapore, Azerbaijan, Sri Lanka, Brazil, and Chile. If you live in Canada or New Zealand, the Wise Account is another excellent option to consider. If you’re from any other country, we recommend checking out what multi-currency cards are available in your country or whether your bank offers any similar products. Generally, the maximum amount is from VND 2,000,000 to 5,000,000; VND 8,000,000 to 10,000,000 for a few global banks; or up to VND 2,000,000 in rural districts. Most banks charge from VND 40,000 to 100,000 (USD 2-5) each time. ANZ or Citibank are recommended as they charge the lowest transaction fee.
So, if you are still not good at using Vietnamese currency, you should spend some extra attention when using two par value of 20,000 VND and 500,000 VND. 200,000 dong starts enough for you to have a not-too-fussy meal at a few good standard restaurants. Although you can not get a sumptuous meal at the restaurant, many dishes have started to appear in the menu with the price equivalent to 100,000 VND for customers to choose. 100,000 Dong has a dark green color and is made from a high-strength polymer material. In most restaurants in Vietnam, it is hard to order a dish for 20,000 VND. But 20,000 VND can be a reasonable “tip” for restaurant servers if you want to thank them.
Where to change your money into Dong?
Dong banknotes nowadays feature world-class
anti-counterfeiting measures. In 2003 Vietnam replaced the older
cotton notes with state-of-the-art plastic polymer notes which last far
longer. Whatever your needs, our role as a currency exchange is to facilitate your transaction as quickly as possible. Whether you select our two-day or overnight FedEx shipping options, we work to deliver your currency at the best rate possible.
Vietnamese dong coins have five denominations, including 200VND, 500VND, 1000VND, 2000VND, and 5000VND. Using cash becomes a habit which is still gaining the favor of Vietnamese people beyond any other forms of payment. And, the basic understanding of Vietnam currency or Vietnamese dong (VND) is certainly one thing you need https://cryptonews.wiki/cryptocurrency-investing-bible-the-ultimate-guide-about-blockchain-mining/ to prepare to travel to this charming country. It is recommended to take out as much cash as possible, and the ATMs that I recommend are ANZ or Citibank, which usually have the lowest ATM fees in Vietnam and the most generous limit. The Vietnamese ATMs usually have a limit on how much cash you can take out per transaction.
That is why we guarantee the lowest prices on all Vietnamese Dong we sell period! Rest assured knowing your getting the most value for your money. We are a US Treasury registered Vietnamese Dong dealer that is in full compliance with all US Treasury rules and regulations. All currency we sell is legally obtained, legally declared, legally transported, and clear for resale. We are actively working to expand our service and offer new payment methods. We offer multiple shipping and payment options to buy currency on your terms.