d avoid confusion when paying.
Why Are the Numbers So Large?
Many first-time travellers are surprised when they withdraw 2,000,000 VND from an ATM or pay 500,000 VND for a hotel room. This doesn't mean Vietnam is expensive—it simply reflects the denomination structure of the Vietnamese Dong.
Instead of focusing on the number of zeros, think about the value of the purchase. After a day or two, most travellers become comfortable recognising common note values and estimating everyday expenses.
A practical habit is to double-check the denomination before handing over a note, especially when you're in a hurry or shopping in a busy market.
Book with HolidaySG — Get the best prices on tickets, tours, and activities. Instant confirmation, flexible cancellation, and 24/7 support. Browse all activities →
Vietnamese Banknotes Explained
Vietnam primarily uses polymer banknotes, which are more durable than traditional paper notes. Polymer notes resist water, tearing, and everyday wear, making them ideal for Vietnam's tropical climate.
Below are the banknotes you are most likely to encounter during your trip.
1,000 VND
The 1,000 VND note is one of the smallest denominations still in circulation.
Common Uses
- Small snacks
- Local purchases
- Receiving change
Although still legal tender, it is used less frequently in tourist areas because prices have generally increased over time.
2,000 VND
The 2,000 VND note is another low-value denomination.
It is occasionally received as change but is less common than larger notes.
Many travellers keep these notes as inexpensive souvenirs because of their colourful design.
5,000 VND
The 5,000 VND note is slightly more useful for small everyday purchases.
Typical uses include:
- Bottled water
- Local snacks
- Public toilet fees
- Small market purchases
10,000 VND
The 10,000 VND note is frequently used throughout Vietnam.
Examples include:
- Soft drinks
- Fresh fruit
- Bus fares
- Small convenience store purchases
Because it is used regularly, it's helpful to keep a few of these notes in your wallet.
20,000 VND
The 20,000 VND note is one of the most commonly used banknotes by tourists.
You might use it for:
- Coffee
- Street food
- Snacks
- Taxi fare (part payment)
Important Tip
The 20,000 VND note can sometimes be confused with the 500,000 VND note because both are polymer notes with similar colours under certain lighting conditions.
Always check the printed value before paying.
50,000 VND
This denomination is widely used for everyday expenses.
Typical purchases include:
- Lunch
- Museum tickets
- Drinks
- Convenience store shopping
It's one of the most practical notes to carry during sightseeing.
100,000 VND
The 100,000 VND note is commonly used for:
- Restaurant meals
- Grab rides
- Shopping
- Attraction tickets
Most businesses can provide change for this denomination.
200,000 VND
This note is useful for:
- Hotel payments
- Larger restaurant bills
- Souvenir shopping
- Transport
If you're withdrawing cash from an ATM, you'll often receive several 200,000 VND notes.
500,000 VND
The 500,000 VND note is the highest denomination in Vietnam.
It's commonly used for:
- Hotel accommodation
- Luxury dining
- Shopping
- Paying tour balances
Because of its high value, some small vendors may not have enough change early in the morning. Consider breaking larger notes at supermarkets, cafés, or larger businesses before visiting local markets.
Polymer Notes vs Paper Notes
Most Vietnamese banknotes are made from polymer rather than paper.
Advantages
- Water-resistant
- Durable
- Difficult to tear
- Longer lifespan
- Enhanced security features
These characteristics make polymer notes particularly suitable for Vietnam's humid and tropical climate.
Are Coins Used in Vietnam?
Although Vietnam introduced coins in the past, they are rarely seen today.
Most transactions are completed using banknotes, and many younger Vietnamese have never used coins in everyday shopping.
Tourists should not expect to receive coins as change, even for small purchases.
Understanding Prices in Vietnam
Many first-time visitors mistakenly believe Vietnam is expensive because prices contain so many zeros.
Here are some examples of typical everyday expenses:
| Item | Average Price |
|---|---|
| Street Food Meal | 40,000–80,000 VND |
| Vietnamese Coffee | 30,000–60,000 VND |
| Fresh Fruit Juice | 25,000–50,000 VND |
| Taxi Ride | 80,000–250,000 VND |
| Local Beer | 25,000–60,000 VND |
| SIM Card | 150,000–350,000 VND |
| Budget Hotel | 500,000–900,000 VND |
These prices may vary depending on the city, season, and type of establishment, but they provide a useful starting point when planning your travel budget.
What Is the Best Currency to Bring to Vietnam?
Although the Vietnamese Dong (VND) is the official currency used throughout the country, many travellers wonder whether they should bring their home currency or exchange money after arrival.
The answer depends on where you're travelling from, but in most cases, bringing a widely accepted international currency or using your bank card to withdraw Vietnamese Dong after arrival is the most convenient option.
US Dollars (USD)
US Dollars are among the easiest foreign currencies to exchange in Vietnam.
Advantages
- Accepted by most banks and licensed exchange counters.
- Widely recognised across the country.
- Good exchange rates in major cities.
- Easy to exchange larger amounts.
Things to Remember
- Bring clean, undamaged notes.
- Older or torn notes may receive lower exchange rates or be refused.
- Exchange only at authorised locations.
Singapore Dollars (SGD)
Singapore travellers can also exchange Singapore Dollars in major Vietnamese cities.
Benefits
- Accepted by many banks and exchange counters.
- Convenient for travellers from Singapore.
- Good availability in tourist destinations.
Smaller towns may have fewer exchange options, so exchanging some money before travelling to remote regions can be useful.
Euro (EUR)
Euros are commonly exchanged at:
- Banks
- International airports
- Licensed exchange offices
Exchange availability is generally better in larger cities than in smaller towns.
British Pounds (GBP)
British Pounds can be exchanged at authorised financial institutions, although availability may be slightly more limited compared to USD.
Australian Dollars (AUD)
Australian Dollars are also accepted by many licensed money changers in popular tourist destinations.
Should You Exchange Money Before Travelling?
Many travellers exchange a small amount of Vietnamese Dong before departure to cover immediate expenses after arrival, such as:
- Airport snacks
- Taxi or ride-hailing costs
- SIM cards
- Small purchases
However, exchange rates offered within Vietnam are often competitive, particularly at banks and licensed exchange counters.
A practical approach is to carry enough local currency for your first day and exchange additional money after reaching your destination.
Where to Exchange Money in Vietnam
There are several reliable places to exchange foreign currency.
1. Banks
Banks are generally one of the safest places to exchange money.
Advantages
- Official exchange rates.
- Secure transactions.
- Professional service.
- Receipts provided.
Banks are ideal for travellers exchanging larger amounts.
2. Licensed Exchange Counters
Licensed money changers are available in many tourist areas.
Benefits include:
- Convenient locations.
- Competitive exchange rates.
- Quick transactions.
Always ensure the exchange counter is officially licensed.
3. International Airports
Airports offer currency exchange immediately after arrival.
Pros
- Convenient.
- Useful for obtaining initial spending money.
Cons
- Exchange rates may not always be the most favourable.
- Service fees may vary.
Many travellers exchange only a small amount at the airport before finding better rates in the city.
4. Hotels
Some hotels provide currency exchange services for guests.
While convenient, exchange rates may be less competitive than banks or authorised exchange offices.
Avoid Unofficial Money Changers
Never exchange money with individuals offering currency exchange on the street.
Risks include:
- Counterfeit banknotes.
- Incorrect exchange calculations.
- Unfair rates.
- Fraud.
Using authorised providers greatly reduces these risks.
Cash vs Credit Cards
Many travellers ask whether cash or cards are more useful in Vietnam.
The best answer is both.
Carry enough cash for everyday purchases while keeping a credit or debit card for larger expenses.
When Cash Is Essential
Cash is commonly required for:
- Street food
- Local cafés
- Traditional markets
- Public buses
- Small family-run shops
- Rural destinations
- Local taxis in some areas
When Cards Are Accepted
Credit cards are widely accepted at:
- International hotels
- Shopping malls
- Luxury resorts
- Chain restaurants
- Supermarkets
- Larger attractions
Visa and Mastercard have the broadest acceptance.
Some businesses may apply a small surcharge for card payments, so it's worth checking before completing your purchase.
Contactless Payments
Many modern businesses now support contactless payment methods.
Availability is increasing at:
- Shopping centres
- Coffee chains
- International restaurants
- Convenience stores
However, smaller businesses still rely heavily on cash.
Using ATMs in Vietnam
ATMs are widely available across major tourist destinations.
You'll find ATMs in:
- Hanoi
- Ho Chi Minh City
- Da Nang
- Hoi An
- Nha Trang
- Phu Quoc
- Ha Long Bay
- Hue
Most machines operate 24 hours a day.
International Cards Accepted
Many ATMs accept:
- Visa
- Mastercard
- Cirrus
- Maestro
- UnionPay (selected machines)
Before travelling, check with your bank to confirm international withdrawals are enabled.
ATM Withdrawal Tips
- Use ATMs attached to banks whenever possible.
- Avoid withdrawing cash late at night.
- Shield your PIN while entering it.
- Count your money before leaving the ATM.
- Keep your receipt until you've verified the transaction.
ATM Fees
ATM operators and your home bank may charge withdrawal fees.
To reduce costs:
- Withdraw larger amounts less frequently.
- Use banks known for reasonable fees.
- Check your bank's international withdrawal policy before departure.
Mobile Payments in Vietnam
Vietnam is rapidly embracing digital payments.
Some businesses accept:
- Apple Pay (where supported)
- Google Pay (where supported)
- Contactless credit cards
- Local QR payment systems
However, many QR-based payment platforms are designed primarily for Vietnamese residents.
International visitors should still expect to use cash for many day-to-day purchases.
Budgeting for Daily Expenses
Understanding average spending helps you plan your holiday more accurately.
Budget Traveller
Typical daily expenses include:
- Hostel accommodation
- Street food
- Public transport
- Free attractions
Estimated daily budget:
USD 30–60
Mid-Range Traveller
Typical expenses include:
- Comfortable hotel
- Restaurant meals
- Grab rides
- Museum tickets
- Day tours
Estimated daily budget:
USD 90–180
Luxury Traveller
Typical expenses include:
- Five-star hotel
- Fine dining
- Private transfers
- Luxury cruises
- Spa treatments
Estimated daily budget:
USD 300+
Average Tourist Prices
| Item | Typical Cost |
|---|---|
| Coffee | 30,000–60,000 VND |
| Pho | 40,000–80,000 VND |
| Banh Mi | 25,000–50,000 VND |
| Fresh Juice | 30,000–60,000 VND |
| Grab Ride | 50,000–200,000 VND |
| Museum Entry | 50,000–150,000 VND |
| Budget Hotel | 500,000–900,000 VND |
| Mid-Range Hotel | 1,000,000–2,500,000 VND |
| Luxury Hotel | 3,000,000+ VND |
| Domestic SIM Card | 150,000–350,000 VND |
How Much Cash Should You Carry?
Avoid carrying all your money together.
A practical strategy is:
- Carry enough cash for daily expenses.
- Keep additional cash securely stored in your hotel safe.
- Carry one backup payment card separately from your wallet.
This reduces inconvenience if your wallet is lost or stolen.
Common Currency Scams
While Vietnam is generally safe, tourists should remain aware of money-related scams.
Fake Banknotes
Always inspect notes received as change, especially from busy markets or small vendors.
Wrong Change
Large numbers on Vietnamese banknotes can make it easier to miscount change.
Take a few seconds to verify the amount before leaving the counter.
Taxi Overcharging
Use reputable taxi companies or trusted ride-hailing apps to reduce the risk of overcharging.
Currency Confusion
Some travellers accidentally hand over a 500,000 VND note instead of 20,000 VND because of their similar colours.
Always read the printed denomination carefully before paying.
25 Smart Money-Saving Tips
- Exchange money only at authorised locations.
- Carry small-denomination notes.
- Compare exchange rates before converting money.
- Use bank ATMs instead of standalone machines.
- Eat at local restaurants for better value.
- Use ride-hailing apps for transparent fares.
- Book flights early.
- Travel during the shoulder season.
- Stay in centrally located accommodation to reduce transport costs.
- Walk whenever practical.
- Share transport with friends or family.
- Carry a reusable water bottle.
- Avoid unnecessary airport purchases.
- Compare attraction ticket prices online.
- Use hotel safes for extra cash.
- Avoid dynamic currency conversion when paying by card.
- Withdraw cash in fewer transactions to reduce ATM fees.
- Check restaurant bills carefully.
- Save digital copies of receipts.
- Monitor your daily spending.
- Avoid impulse shopping in tourist areas.
- Pack light to avoid airline baggage fees.
- Purchase local SIM cards instead of international roaming.
- Keep emergency cash in a separate location.
- Plan your itinerary efficiently to reduce travel expenses.
Is Vietnam an Expensive Country to Visit?
One of Vietnam's biggest attractions is its excellent value for money. Compared to many destinations in Southeast Asia, Vietnam offers affordable accommodation, delicious local food, inexpensive transportation, and reasonably priced attractions.
Here's a general comparison:
| Country | Overall Travel Cost | Best For |
|---|---|---|
| Vietnam | ⭐⭐⭐⭐⭐ Very Affordable | Budget & Mid-Range Travellers |
| Thailand | ⭐⭐⭐⭐ Moderate | Beaches & Nightlife |
| Cambodia | ⭐⭐⭐⭐⭐ Very Affordable | History & Backpacking |
| Indonesia (Bali) | ⭐⭐⭐⭐ Moderate | Resorts & Nature |
| Malaysia | ⭐⭐⭐ Moderate | Cities & Food |
| Singapore | ⭐ Expensive | Luxury & Urban Attractions |
Why Vietnam Offers Great Value
- Affordable local cuisine
- Competitive hotel prices
- Low-cost domestic transport
- Budget-friendly attractions
- Wide range of accommodation options
Luxury experiences such as spa treatments, five-star hotels, and private cruises are also often more affordable than in many neighbouring countries.
Tipping Guide in Vietnam
Unlike some countries, tipping is not mandatory in Vietnam, but it is appreciated when you receive excellent service.
Restaurants
Many local restaurants do not expect tips.
If you're happy with the service:
- Leave 5–10% of the bill (optional).
- Round up the total if paying in cash.
Upscale restaurants may already include a service charge, so check your bill before tipping.
Hotels
You may consider tipping:
- Porters who help with luggage.
- Housekeeping staff for exceptional service.
- Concierge staff who provide extra assistance.
Tour Guides
Tour guides work hard to make trips informative and enjoyable.
If you're satisfied with your experience, a voluntary tip is a thoughtful gesture.
Drivers
Private drivers and airport transfer drivers appreciate tips for punctuality and helpful service, although it is never compulsory.
Spa and Massage Centres
Some spas include a service charge, while others leave tipping to the customer's discretion.
If service exceeds expectations, a modest tip is appreciated.
VAT Tax Refund for Tourists
International visitors may be eligible for a VAT refund on qualifying purchases from participating retailers.
General Requirements
- Purchases must meet the retailer's minimum qualifying amount.
- Goods must usually be unused and taken out of Vietnam within the required timeframe.
- Keep your original receipts and tax refund documents.
- Present eligible purchases and paperwork at the airport before departure if required.
As VAT refund procedures can change, always confirm the latest requirements with the retailer and airport authorities before your trip.
How to Carry Money Safely in Vietnam
Although Vietnam is considered a safe destination, protecting your money is an important part of responsible travel.
Best Practices
1. Don't Carry All Your Cash Together
Split your money into separate locations.
For example:
- Wallet
- Hotel safe
- Money belt
- Backup travel pouch
2. Use Hotel Safes
Store:
- Passport
- Extra cash
- Spare bank cards
- Important documents
3. Carry Small Notes
Street food vendors and small shops may not always have change for large denomination notes.
4. Check Your Change
Because Vietnamese banknotes contain large numbers, take a moment to count your change before leaving.
5. Avoid Displaying Large Amounts of Cash
Pay discreetly and keep your wallet secure, especially in busy tourist areas.
25 Essential Money Safety Tips
- Carry only the cash you need each day.
- Keep a backup credit card separate from your wallet.
- Inform your bank before travelling internationally.
- Use ATMs attached to reputable banks.
- Check ATM machines for signs of tampering.
- Cover the keypad when entering your PIN.
- Never share your PIN.
- Enable banking notifications on your phone.
- Keep digital copies of important financial documents.
- Avoid exchanging money on the street.
- Count your cash before leaving exchange counters.
- Keep receipts from currency exchanges.
- Store emergency cash separately.
- Avoid carrying all your valuables in one bag.
- Be cautious when using public Wi-Fi for banking.
- Monitor your bank account regularly.
- Use RFID-protected wallets if available.
- Confirm card charges before approving payment.
- Decline dynamic currency conversion if offered by the payment terminal.
- Carry a small coin pouch or wallet organiser.
- Check expiry dates on your payment cards before travelling.
- Use contactless payments where accepted.
- Lock your cards immediately if they are lost.
- Know your bank's emergency assistance number.
- Purchase travel insurance that includes loss or theft of money where appropriate.
Frequently Asked Questions
1. What currency is used in Vietnam?
The official currency is the Vietnamese Dong (VND), which is used throughout the country for almost all everyday transactions.
2. Should I exchange money before arriving?
Exchanging a small amount before departure can be convenient for immediate expenses after arrival. Many travellers exchange additional funds at authorised banks or licensed exchange counters in Vietnam.
3. Can I use US Dollars in Vietnam?
Some hotels and tour operators may quote prices in US Dollars, but Vietnamese Dong is the standard currency used for daily purchases.
4. Are credit cards widely accepted?
Yes, particularly in hotels, shopping malls, international restaurants, supermarkets, and larger tourist attractions. However, cash remains important for local markets and smaller businesses.
5. Are ATMs easy to find?
ATMs are widely available in major cities and tourist destinations, including Hanoi, Ho Chi Minh City, Da Nang, Hoi An, Nha Trang, and Phu Quoc.
6. Is cash still necessary?
Yes. Although digital payments are becoming more common, cash is still the preferred payment method for many local businesses.
7. How much cash should I carry?
Carry enough for daily expenses while storing additional money securely in your accommodation. Avoid carrying all your cash at once.
8. Can I use Apple Pay or Google Pay?
Acceptance is increasing in larger businesses, but coverage is not universal. Carrying cash and a physical payment card remains the safest option.
9. Is bargaining acceptable?
Bargaining is common in traditional markets but generally not expected in shopping malls, supermarkets, or fixed-price stores.
10. Is Vietnam expensive?
No. Vietnam is widely regarded as one of Asia's best-value travel destinations, offering affordable accommodation, food, transport, and attractions.
Why Book with HolidaySG?
Planning your Vietnam holiday is easier with HolidaySG. From destination guides and travel tips to attraction bookings, HolidaySG helps travellers organise memorable trips with confidence.
Benefits include:
- Easy online booking
- Secure payment options
- Instant confirmation for selected experiences
- Trusted travel partner
- Competitive prices
- Helpful customer support
- Practical destination guides for every type of traveller
Booking attractions before you travel can also save time and help you secure availability during peak seasons.
Conclusion
Understanding Vietnam's currency is one of the easiest ways to make your trip more enjoyable and stress-free. Once you're familiar with the Vietnamese Dong, common banknotes, payment methods, and exchange options, managing your travel budget becomes much simpler.
Carry a sensible mix of cash and cards, exchange money only through authorised providers, use reputable bank ATMs, and keep an eye on your daily spending. By following the tips in this guide, you'll be well prepared to shop, dine, travel, and explore Vietnam with confidence.
Whether you're visiting for a short city break or a month-long adventure, good money management will help you focus on what matters most—experiencing Vietnam's incredible culture, food, landscapes, and hospitality.
