1. What Is the Name and Symbol of Vietnam’s Currency?

The official Vietnam currency is the Vietnamese dong, abbreviated as VND and symbolized by ₫. In practice, you will often see prices written like “100,000₫” or “VND 100,000.”

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The Vietnamese dong is the only legal tender in Vietnam, meaning all payments must be made in VND. While some high-end hotels and tour agencies might quote prices in U.S. dollars, you will always be expected to pay in dong.

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Vietnamese banknotes come in two types:

• Polymer notes: 10,000₫, 20,000₫, 50,000₫, 100,000₫, 200,000₫, and 500,000₫
  
  
• Cotton notes: 1,000₫, 2,000₫, and 5,000₫
  
  

Coins were discontinued in 2011 and are no longer in circulation.

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2. The History of Vietnamese Currency: From Barter to Dong

Vietnam's currency history is rich and reflects its complex political past. Before the Vietnamese dong was introduced, people traded rice, gold, and silver. During French colonization, the Indochinese piastre, also known as “Bac”, was used. After independence in 1945, the dong was introduced by the government of North Vietnam.

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Over time, the currency has undergone several revaluations. In 1985, after a major reform, the dong was redenominated. Since the 1990s, inflation has stabilized, and the Vietnamese dong has remained relatively stable. The most recent significant update to Vietnam's dong currency took place in 2003 with the introduction of plastic polymer banknotes, which included adding the 500,000 VND denomination to the existing currency system.

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Today, the dong is fully issued by the State Bank of Vietnam and is considered a non-convertible currency, meaning you cannot exchange it freely outside of Vietnam.

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3. Vietnam Currency Exchange Rate (June 2025)

Here are the latest exchange rates for Vietnamese dong (₫) compared to major currencies. Rates are approximate and fluctuate daily.‍

• 1 USD = 25,851₫
• 1 EUR = 29,544₫
• 1 GBP = 35,013₫
• 1 JPY = 180₫
• 1 AUD = 16,790₫
• 1 CAD = 18,907₫
• 1 SGD = 20,107₫

Travelers should use a trusted website or the Calculator app on iPhone for the most accurate and real-time updates.

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4. Where to Exchange Currency in Vietnam?

You have several options for exchanging money in Vietnam, each with its benefits and drawbacks depending on your priorities.

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Airports are the most convenient option, especially if you have just landed and need cash right away. They are open 24/7, which is ideal for travelers arriving on late or early flights. However, this convenience comes at a cost — airport exchange rates are usually lower than elsewhere, meaning you will get fewer dong for your foreign currency.

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Banks are a safe and legal place to exchange money in Vietnam. Most major banks offer foreign currency exchange services, though you will typically need to bring your passport for identification. The process may take longer than at other places, but in return, you get a more secure transaction and often better rates than at the airport.

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Licensed gold shops are a favorite among seasoned travelers and locals alike. They are especially common in tourist-heavy areas such as Hanoi’s Old Quarter or District 1 in Ho Chi Minh City. ​​In Hanoi, Ha Trung Street is the most popular place where you can easily find many gold shops exchanging money. These shops tend to offer competitive rates and fast service. Just make sure the shop is properly licensed — this ensures that the exchange is legal and reduces your risk of receiving counterfeit currency.

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On the other hand, avoid exchanging money with street money changers. Though they may appear friendly or offer better rates, these transactions are illegal and often involve scams or fake banknotes. It is not worth the risk — stick with authorized, licensed exchange points.

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5. Smart Tips for Using and Handling Vietnamese Dong

5.1 Digital Payment Is Growing Fast

Vietnam is becoming increasingly cashless, especially in cities. Many shops now accept payments via QR code using apps like Momo, ZaloPay, or VNPay. Apple Pay is also gaining popularity in shopping malls and cafes.

Still, do not rely solely on cards or phones. Always carry some dong for backup, especially in rural areas.

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5.2 Use Cash for Most Purchases

Cash is still the primary payment method in Vietnam. While high-end hotels and restaurants accept cards, most small businesses, taxis, and street vendors only take cash.

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Travelers should carry small denominations like 10,000₫ or 20,000₫. These are ideal for snacks, coffee, or short rides.

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5.3 Check the Zeros Carefully

Vietnamese banknotes often have many zeros, and notes can look similar. For instance, the 20,000₫ and 500,000₫ bills are both blue. Always double-check before paying.

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5.4 Avoid Torn or Dirty Notes

Many vendors will not accept damaged bills, especially for large denominations. Try to keep your bills clean and neatly folded.

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5.5 Use a Hidden Pouch or Money Belt

Vietnam is relatively safe, but pickpocketing does happen, especially in crowded areas like night markets or public buses. Store your cash in a money belt or inside a secure pocket.

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>>> You may also like: Getting to Hanoi: Best Travel Tips

Best Time and Weather to Visit Hanoi

Hanoi Transportation: Getting In, Getting Around Tips

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6. Conclusion: Be Currency-Smart and Travel Stress-Free

Understanding Vietnam currency may feel overwhelming at first, but once you understand the basics of the Vietnamese dong, it becomes second nature. Exchange money wisely, keep an eye on your bills, and embrace digital options where available.

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For a smooth and safe trip, consider staying at reputable hotels such as JM Marvel Hotel, located in the heart of Hanoi, where staff can help with currency tips and local advice.

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Plan smart, spend smart, and enjoy everything Vietnam has to offer — without losing a dong!

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>>> Explore more: VIET Restaurant - Vietnamese cuisine with stunning view of Hanoi Old Quarter.

Cloud Sky Bar - a mesmerizing rooftop destination for sky lovers, stargazers, and those who like to dream.

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