Understanding Money in Vietnam: Handling Cash, Paying Safely, and Avoiding Pitfalls

Vietnamese dong comes in both polymer and paper notes, with denominations ranging from 1,000 VND to 500,000 VND. The most common bills are 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 VND. Because the zeros can be confusing, take your time when paying and receiving change. Most prices are quoted in thousands (e.g., '50' means 50,000 VND). Coins are no longer in circulation.

Exchange foreign currency at banks, official money changers, or at the airport. Banks usually offer the best rates and will require your passport. Avoid exchanging money with street vendors or unofficial shops. ATMs accept most international cards (Visa, Mastercard, etc.), but withdrawal fees range from 40,000 to 100,000 VND per transaction. Some ATMs have limits as low as 2,000,000 VND per withdrawal.

Credit cards are accepted in many hotels, upscale restaurants, and shopping malls in cities like Hanoi, Da Nang, and Ho Chi Minh City. Smaller businesses and rural areas are cash-only. Always carry small bills for taxis, street food, and markets. Mobile payments are common among locals, but international visitors will find cash and cards more practical.

Mixing up similar-looking bills is the most frequent mistake. Always double-check the denomination before handing over cash. If you receive change, count it in front of the cashier. Politely refuse offers to exchange money on the street. If you suspect a counterfeit bill, compare it with another note or ask for a replacement. When paying by card, check the amount entered before authorizing the payment.

Tipping is not standard but is appreciated in restaurants, for guides, and by hotel staff (20,000–50,000 VND is typical for small services). For taxis and ride-hailing apps, round up to the nearest 10,000 VND. Always keep a supply of small bills for convenience.