Money in Vietnam: A Practical Guide for Travelers
Money in Vietnam can feel confusing at first, especially for international travelers. While digital payments and QR codes are increasingly common among locals, visitors typically rely on a combination of cash and cards, as local bank transfers are rarely available to foreigners.
Understanding how money is used, exchanged, and managed in Vietnam can help you avoid unnecessary inconvenience and make everyday spending much easier. This guide provides an overview of how travelers use money in Vietnam, with links to more detailed resources where needed.
Vietnamese Money in Use
Vietnam uses the Vietnamese Dong (VND) as its official currency. In daily life, Vietnamese money is issued in both polymer and paper banknotes, while coins are no longer in circulation. Prices in Vietnam often involve large numbers, which can feel confusing at first, especially for first-time visitors. Once you become familiar with the currency format, handling cash in Vietnam becomes straightforward.
For a detailed overview of Vietnamese banknotes and denominations, see our Vietnamese currency guide.
Exchange Rates and Money Exchange
The Vietnamese Dong (VND) exchange rate fluctuates with market conditions, and travelers can exchange foreign currency at banks, licensed gold shops, or currency exchange counters at airports and hotels.
Banks offer official exchange services but often involve paperwork and less competitive rates. Licensed gold shops are commonly used across Vietnam, while airport and hotel counters provide the most convenience at generally lower rates.
When exchanging money, ensure your foreign banknotes are clean and undamaged, as worn or marked bills may be rejected or valued lower.
Read our full guide on the best currency to bring to Vietnam.
Paying in Vietnam: Cash, Cards, and QR Codes
Vietnam offers a mix of cash payments, card payments, and QR-based digital payments, with usage varying by location and type of business. In major cities, digital payments and QR codes are increasingly common, while cash remains widely used for everyday transactions.
Despite the growth of cashless payments, travelers should still carry some cash, especially when visiting rural areas, smaller towns, or places with limited internet access. Cash is also useful as a backup in case of technical issues or payment errors.
Credit cards, particularly Visa and Mastercard, are accepted at many hotels, larger restaurants, supermarkets, and businesses catering to international visitors. However, card acceptance is not universal, and some places may apply additional transaction fees.
ATMs are available in most cities and towns, allowing travelers to withdraw cash as needed. Availability, withdrawal limits, and fees can vary depending on the bank and card type.
👉 For ATM limits, bank fees, and card compatibility, see our guide to banks in Vietnam.
Daily Budgeting for Travelers
Vietnam is generally an affordable destination, but daily travel costs can vary significantly depending on your travel style, accommodation choices, activities, and length of stay. Expenses for food, transportation, and sightseeing may differ widely between budget, mid-range, and higher-end travel experiences.
See a detailed 2-week Vietnam budget breakdown here.