VIỆT NAM ĐỒNG VIỆT NAM DONG” HAY “VIETNAMESE DONG”?

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Can you pay by card in Vietnam?

Debit- & Credit cards are usually accepted in major cities và tourist areas. However, local restaurants, smaller shops are not likely lớn accept card payments. Some places will also charge a 3% foreign transaction fee if you pay by thẻ in Vietnam.

Vietphái nam is still a cash-based society, so it’s advised that you always carry cash, especially outside the major cities.

Should you exchange money before your trip?

Vietnamese Dong are usually not available khổng lồ buy in other countries but don’t worry, you don’t need khổng lồ change in many before your trip because it’s better to exchange money in Vietphái nam, or even better lớn take out cash from a local ATM, using a travel thẻ without fees.

Exchange currency in Vietnam?

US Dollars can be changed or used almost everywhere, & other major currencies such as Euros, AUD, & Pounds can be exchanged in the banks. Gold và jewelry shops typically offer better đơn hàng when exchanging foreign currency compared to lớn the banks.

With that said, there is no real need khổng lồ exchange your money in Vietphái nam, và you’ll get more value for your money by taking out cash from a local ATM or using thẻ payment at reputable places where possible.

Vietnamese Dong or US dollars in Vietnam?

The official currency in Vietphái nam is the Vietnamese Dong (VND). However, many shops, restaurants, hotels, etc will accept US dollars in Vietphái nam.

With that said, it’s illegal for Vietnamese businesses khổng lồ demand payments in other currencies than the Vietnamese Dong, và it’s much better to lớn pay in Vietnamese dong because of the poor exchange rate you’ll be given when paying in USD.

ATMs in Vietnam

The Vietnamese ATMs usually have a limit on how much cash you can take out per transaction. Some offer to give 10 million Dong in the same transaction whereas others will only allow you khổng lồ withdraw 5 million dong or even as little as 2.5 million dong or 1 million VND.

The standard ATM fee in Vietphái mạnh is around 30 000 dong but some will charge up lớn 90 000 VND per transaction. This is an additional fee khổng lồ the one that your bank is likely khổng lồ charge, usually around €5 + 2-3% foreign transaction fee.

Luckily, you can avoid your own bank’s fees by using a travel thẻ without fees.

It is recommended khổng lồ take out as much cash as possible, và the ATMs that I recommend are ANZ or Citibank, which usually have sầu the lowest ATM fees in Vietphái mạnh and the most generous limit.

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More about Vietnam’s Currency – Dong (VND)

The Vietnamese Dong has been the currency in Vietphái nam since 1978 after replacing the former North- and South Vietnamese Dong. Before that, the French Indochinese piastre was used as the Vietnamese currency between the years of 1885 và 1952.

The Vietnamese Dong is given out by the State Bank of Vietnam (Ngân mặt hàng bên nước cả nước – SBoV) which has its headquarters in Hanoi.

The first Vietnamese currency was given out as coins, but this changed in 1978. Then it was decided that it would be smarter & more practical lớn only pay with banknotes instead of thousands of coins, which also weighed a lot.

The highest denominated bill in the world is the 500,000 dong bill. The person on the bill is Ho Chi Minc, which was the heroic leader during the Vietnam giới Revolution in 1945.