Every day, the topic of Vietnamese currency attracted the attention of many people, researchers, and collectors many travelers. This article will help you understand more about Vietnamese currency.
Although USD is still accepted for payment in Vietnam. However, carrying VND will help you travel more conveniently. These are some of the best money changers for tourists, especially those coming to Vietnam for the first time.
Most airports in the world and Vietnam have money exchange services, but the exchange rate at the airport is usually not high compared to other places. Or you can also exchange a small amount for instant payment taxi fare. Then exchange more after you reach the city center.
Bank
Banks often offer better rates, but you'll have to wait a while and fill out the required form to assure security.
Some money exchange banks in Vietnam, such as Vietcombank, Vietinbank, HSBC, VIB, Techcombank... all accept popular foreign currencies such as USD, EURO, AUD, JPY, etc. Or you can also withdraw money at ATMs but will probably have to pay a fee.
Note: If you want to go to the bank to change money, don't forget to bring your identification document like your passport
Banks in Vietnam usually work from Monday to Friday and Saturday morning
Morning from 08:00 - 11:30
There are many bank exchanges in Hanoi old quarter
Vietnam International Bank (VIB) Hang Bac
Address: 138 Hang Bac, Hoan Kiem District, Ha Noi
Phone: 024 3926 2277
Opening hours: Monday to Friday 08:00 – 17:00
Vietcombank
Address: 110 Cau Go, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3926 1236
Opening hours: Monday to Friday 08:00 – 17:00
Techcombank Bat Dan
Address: 34 Bat Dan, Hoan Kiem District, Ha Noi
024 3923 2932
Opening hours: Monday to Friday 08:00 – 17:00
SHB bank
Address: 8 Hang Hanh, Hoan Kiem District, Ha Noi
024 6270 0420
Opening hours: Monday to Friday 08:00 – 17:00
TPBank
Address: 84 Nguyen Huu Huan, Hoan Kiem District, Ha Noi
1900 585885
Opening hours: Monday to Friday 08:00 – 17:00
Hotel
Most hotels provide money exchange services. It saves your time and gives you safe because you do not have to carry a big amount to find a place for money exchange.
Hanoi Old Quarter is not the only place for trade many products. Here is also a place where there are many money exchanges. You can visit some shops on Hang Bac Street and especially Ha Trung Street, where there are a lot of currency exchange shops with reasonable rates, do not have to wait long and are open most days of the week from 8 am to 9 pm.
Here are some famous stores
1. Hong Phat
Address: 25A, Ha Trung, Hang Bong, Hoan Kiem, Hanoi
Phone number (84-4) 38 268 339
Opening hours: Monday to Sunday 08:00 – 21:00
2. Quoc Trinh
Address: 27 Ha Trung, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3826 8856
Opening hours: Sunday to Friday 08:00 – 22:00
3. Nhat Quang
Address: 57 Ha Trung, Hang Bong, Hoan Kiem, Hanoi
Opening hours: Monday to Sunday 08:00 – 20:00
Phone number (84-4) 3938 6526
4. Kim Linh
Address: 67 Hang Bac, Hoan Kiem, Hanoi
Opening hours: Monday to Sunday 08:00 – 18:00
024 3825 3649
5. Tu Binh Jewelry
Address: 54 Hang Bac, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3824 9799
Opening hours: Monday to Saturday 08:30 – 17:00
You also can find some reliable companies in Hanoi, such as
Bao Tin Minh Chau
Address: 29 Tran Nhan Tong, Hai Ba Trung District, Ha Noi, Vietnam
Phone: +84 4 3822 6999
Opening hours: Daily 08:00 – 20:00
Bao Minh Jewelry
Address: 4B Tran Nhan Tong, Hai Ba Trung District, Ha Noi, Vietnam
Phone: +84 4 3944 6934
Opening hours: Monday to Saturday 09:00 – 18:00
Besides, you can also find reputable travel agents in Hanoi to money exchange and combine sightseeing as well as find out more tourist information, some reputable travel agents in Hanoi's Old Quarter such as Go Viet Trip. They will also provide free and valuable tourist information for your upcoming trip.
It appeared in 1396 under the Ho Dynasty and was called "Thong Bao Hoi Sao" It was the first paper money issued by the Ho Dynasty in 1396. It was a very early time compared to the history of paper money, but at that time, the policy of issuing paper money was not at all, and it stopped right after.
The first banknote circulated in Vietnam was an Indochinese coin with a face value of 100 silver coins, issued and circulated by the French from 1885 to 1954. On it was printed pictures of 3 young women with costumes—traditions of 3 countries Laos, Cambodia, and Vietnam.
After the August Revolution in 1945, the Democratic Republic of Vietnam was born, and dong coins were also officially printed and circulated to affirm the sovereignty of the free country. From this point until now, we have changed money in form, material, and denomination.
After the country reunification on April 30th, 1975, the money circulating unified the use of one currency throughout the country.
In 1985, before the complicated developments of the economy and the severe scarcity of cash in payment, the State announced the exchange of money at the rate of 10 dongs, unified to exchange one new currency to serve the revolution in finance. The National Bank of Vietnam has issued notes of 10, 20, and 50 dongs.
Banknotes period from 1990
Before Vietnam used polymer money, there were cotton banknotes with denominations of 10,000 and 20,000 printed in 1990, the 50,000 note was issued from October 15, 1994, and the 100,000 note was from September 1, 2000.
Polymer money 2003 –present
Polymer money in Vietnam was issued by the State Bank of Vietnam in 2003 with circulation value in parallel with the old capital to meet the demand for monetary circulation in terms of the denomination structure (additional currencies). Large denominations, categories. Polymer money has many advantages, such as: challenging to counterfeit, durable, waterproof, suitable for use in modern devices such as ATMs and cash counters.
The State Bank of Vietnam applies new techniques and technologies in money printing and minting to improve coins quality and anti-counterfeiting ability and save issuance costs.
You can quickly check the exchange rate between VND and USD through banks such as Vietcombank, TP bank, BIDV bank… The exchange rate is around 23.000 VND ~ 1 US$.
Please see the below Vietnam currency exchange rate chart for more information.
| Vietnam Money | Equivalent in US$ |
| 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 |
| 200 VND | Too small to convert |
| 01 US DOLLAR | USD | = 23000 |
| 01 AUSTRALIAN DOLLAR | AUD | = 16000 |
| 01 CANADIAN DOLLAR | CAD | = 17000 |
| 01 SWISS FRANC | CHF | = 24000 |
| 01 YUAN RENMINBI | CNY | = 3500 |
| 01 EURO | EUR | = 26000 |
| 01 POUND STERLING | GBP | = 30000 |
| 01 HONGKONG DOLLAR | HKD | = 2850 |
| 01 INDIAN RUPEE | INR | = 308,36 |
| 01 YEN | JPY | = 200.85 |
| 01 KOREAN WON | KRW | = 16.76 |
| 01 MALAYSIAN RINGGIT | MYR | = 5,386 |
| 01 RUSSIAN RUBLE | RUB | = 312.05 |
| 01 SINGAPORE DOLLAR | SGD | = 16000 |
| 01 THAILAND BAHT | THB | = 603.27 |
The State Bank of Vietnam is the only money issuer of the Socialist Republic of Vietnam, the currency unit is "dong", the national symbol is "d", and the international character is "VND". Banknotes and coins issued by the State Bank of Vietnam are legal currencies and are used as an unrestricted means of payment in the territory of Vietnam.
Most currencies are decorated with ethnic patterns and modern grid patterns.
Besides, coins have appeared on the market for a few years but are not suitable for the spending style of Vietnamese people, so they are quickly classified as souvenirs.
1. Banknote 500,000 VND - Polymer
Release date: December 17, 2003
Dimensions: 152mm x 65mm.
Overall color: Dark purple.
2. Banknote 200.000 VND - Polymer
Release date: August 30, 2006
Dimensions: 148mm x 65mm.
Overall color: Red-brown.
3. Banknote 100.000 VND - Polymer
Release date: September 1, 2004
Dimensions: 144mm x 65mm.
Printing paper: Polymer paper, which is durable, does not affect the environment, has certain security factors such as transparent windows, hidden or embossed images in the window.
Color: The overall decorative pattern and content on the front and back are dark green.
4. Banknote 50.000 VND - Polymer
Release date: December 17, 2003
Dimensions: 140mm x 65mm.
Overall color: Red purple-brown.
5. Banknote 20.000 VND - Polymer
Release date: May 17, 2006
Dimensions: 136mm x 65mm.
Overall color: Dark blue.
6. Banknote 10,000 VND - Polymer
Release date: August 30, 2006
Dimensions: 132mm x 60mm.
Overall color: Dark brown on a yellow-green background.
Besides, there are other currencies with small values: 5000 VND, 2000VND, 1000DVND.
And 500 VND, 200 VND, 100 VND. But not commonly used.
Read more:
>>> Hanoi all you need to know
>>> How many day should I stay in Hanoi?
Go Viet Trip hope that you now understand more about Vietnamese currency. Please feel free to contact us if you need any help: Email: Goviettrip@gmai.com or hotline +84968667589. We are guarantee about quality and prices. Get a full refund if you do not feel happy with our services.
Author Hoan Nguyen
He has over 10 years of experience working in the tourism sector and operator. He has traveled to many places in Vietnam and around the world.
Photos: Internet
