Vietnam Currency & Exchange Rate

Getting to know a new currency is just as fun as learning a new language. Although It can be complicated at first, with a little practice, you will master it quickly. When you have a chance to take multi-country Indochina tours, it might be essential and difficult for you to learn the currency of these Indochina nations. In this article, we offer an ultimate guide to help travelers clarify the currency and exchange rate in Vietnam.

Vietnam Currency Information for Travelers

The official currency in Vietnam is the Vietnamese “Dong” or in the shorter way, Dong. At this stage, there are two versions of Vietnam currency are in use: the Polymer note (500,000 VND, 200,000 VND, 100,000 VND, 50,000 VND, 20,000 VND, and 10,000 VND) and Cotton note (5,000 VND, 2,000 VND, 1,000 VND, 500 VND, and 200 VND). However, the last two cotton notes are rarely used since the value is too small.

Vietnam Currency Exchange Rate to US Dollar

Up to August 2018, the exchange rate between Vietnam Dong and US Dollar is 1 US$ = 23,000 VND. Please see the below Vietnam currency exchange rate chart for further information

Vietnam Dong	Equivalent in US$
500,000 VND	$ 23.00
200,000 VND	$ 9.00
100,000 VND	$ 4.60
50,000 VND	$ 2.30
20,000 VND	$ 0.92
10,000 VND	$ 0.46
5,000 VND	$ 0.20
2,000 VND	Too small to convert
1,000 VND	Too small to convert
500 VND	Too small to convert

 

Scan Exchange Rates of Vietnam Dong to Other Currencies

Australian Dollar: 1 AUD ≈ 17,000 VND
British Pound: 1 GBP ≈ 30,500 VND
Euro: 1 EUR ≈ 27,000 VND
US Dollar: 1 USD ≈ 23,000 VND
Japanese Yen: 1 JPY ≈ 209 VND
Singaporean Dollar: 1 SGD ≈ 17,000 VND
Malaysian Ringgit: 1 MYR ≈ 5,700 VND
Hong Kong Dollar: 1 HKD ≈ 3,000 VND
Russian Ruble: 1 RUB ≈ 405 VND
Thai: 1 THB ≈ 700 VND

Click here for further information about ATMs and Credit cards in Vietnam.

How to Recognize Vietnam Currency

Vietnamese Polymer Notes

500,000 VND Polymer Note

Two sides of the same 500 000 VND

200,000 VND Polymer Note

Two sides of the same 200 000 VND

100,000 VND Polymer Note

Two sides of the same 100 000 VND

50,000 VND Polymer Note

Two sides of the same 50 000 VND

20,000 VND Polymer Note

Two sides of the same 20 000 VND

 

10,000 VND Polymer Note

Two sides of the same 10 000 VND

Vietnamese Paper Notes

5,000 VND Paper Note

Two sides of the same 5 000 VND

 

2,000 VND Paper Note

Two sides of the same 2 000 VND

 

1,000 VND Paper Note

Two sides of the same 1 000 VND

 

Low-valued Vietnamese Paper Note (Not recommended to receive these during payment)

500 VND Paper Note

Two sides of the same 500 VND

Vietnam Currency Tips

Classify Similar Notes

The couples of note 500,000 VND vs note 20,000 VND and 200,000 vs 10,000 VND are quite confusing for travelers to draw a distinction because of their similar colors. Remember that the size of the low denomination is always smaller than that of the high one. Before purchasing, check the size and numbers on the notes carefully to avoid wasting your money.

Other Accepted Currencies in Viet Nam

A common question that many travelers on their Vietnam vacations frequent asked: Is there other currency accepted in Vietnam? The answer is “Sure”. Although the official currency in Vietnam is VND, some big shops, restaurants or hotels still accept paying in USD or Euro. However, if you pay in these currencies, the vendors often convert the price with an exchange rate in favor of them because prices in Vietnamese shops are often given in local currency. Therefore, you’re suggested to pay in VND when possible.

Travelers’ Cheque

Travelers’ Cheque is no longer used in Vietnam so remember that no banks or travel companies in Vietnam will accept this type of payment. Instead of buying travelers’ cheque for your Vietnam travel, you’re advised to bring US Dollars, AU Dollars, European or GB Pound and exchange into the local currency on arrival.

Bargain in Vietnam

Rule number 1 when shopping in Vietnam is “bargain, bargain hard and bargain harder”. Therefore, when you want to buy something, propose a lower price than the one vendors offer you. If your discount is acceptable, they are willing to sell their product immediately. The effective way to avoid “foreigner price” is to go shopping with a Vietnamese to help you with the bargain.

Vietnamese Symbol “K”

You will see “50K”, “100K”, or “1000K” in the price tags at many shops in Vietnam. “K” actually represents a thousand so just add three more zeros to replace the letter “K” to know the exact. Therefore, “50k” is 50,000 VND; “100K” is 100,000 VND; “1000K” is 1,000,000.

Dot or Comma

Vietnam has the opposite use of dot and comma for numbers. Dot is used for thousand units while comma is used for decimal numbers. Remember this carefully otherwise you will mistake the price of 200,000 VND into the one of 200 VND!

Source:  Indochina tours