![]() ![]() Draw out more than a couple of hundred bucks and you are going to end up with quite a pile of cash. Even the biggest note (500 000 VND) is the equivalent of only $25. Note that some ATMs will dispense 100 or 200,000 VND as the largest denomination. ![]() So using their machines is a better option if you are withdrawing a large amount of cash. ![]() Citibank allows withdrawals of up to 9 million dong (~450 USD). Be aware you may be being hit by a foreign ATM fee every time you make a transaction. Most Vietnamese Bank ATMs will have a maximum withdrawal of 4-5 million Vietnamese dong (~2-250 USD) but you can make multiple withdrawals until you hit your own bank withdrawal limit. Although you’re unlikely to find either of these outside the major cities. Vietnamese banks that accept foreign cards include Vietcom, Sacombank, Vietin, Agribank, and Technobank. The most common foreign bank ATMs are HSBC and Citibank. There are ATMs everywhere in HCMC that dispense Vietnamese Dong and many will accept international cards. For example: get 3.9 million rather than 4 million. Nowadays, I just use the ATM in arrivals and withdraw an ‘odd’ amount so I get some smaller notes. When I arrived in Ho Chi Minh City in April 2014, the rate at the official airport exchanges was slightly better than that in the areas surrounding the major tourist centers so it would make sense to change some up when you enter the country. However, I’m not sure if this is strictly legal and I’ve heard of semi-regular crackdowns. People may recommend you buy dollars in gold shops at local markets. Usually, you can do this at an official exchange office or the airport. However, it’s not unusual for locals to offer competitive rates to acquire “hard currency” without having to jump through administrative hoops and pay high exchange fees.Ĭhanging the Vietnamese Dong back to another currency is slightly more difficult. Should you receive inflated quotes from individuals to buy Vietnamese Dong, it may potentially be a scam. If you change anywhere other than an official exchange or a bank, rates may be slightly lower. All banks, money exchanges, most travel agents, and hotels will happily exchange your USD and other major currencies. Once you’ve arrived, it’s extremely easy to exchange money INTO Vietnamese Dong (VND) in Ho Chi Minh City. With lesser-known currencies such as the Bangladeshi Taka, Mexican Peso, or Kazakhstani tenge, you may want to exchange them for one of the major currencies such as USD before you come. It is easy to exchange banknotes of major currencies such as USD, Euro, GBP, AUD, CAD, SGD, etc. We recommend taking a combination of cash and cards. If you are from Australia, the UK, Europe, Japan, or China OR traveling via Thailand, Singapore, or Malaysia, there is no advantage in changing your money into USD before you come.Įxchange rates will be proportionate to your country’s exchange with USD and you will save the double conversion spread. (If Australian banks are anything to go by.) And if you do, you’ll probably get a terrible rate. There is no need to buy Vietnamese Dong before you enter Vietnam. How to Access Vietnamese Dong in Vietnam Taking Money to Vietnam/Exchanging Money in Vietnam Vietnamese Dong coins used to come in the following denominations but are very rare to come by. And, you may receive a candy in your change at the supermarket in lieu of these. Rarely will you see any of the 500 notes. Vietnamese Dong notes come in the following denominations:Īll larger amounts including 10,000 VND and above are polymer banknotes. Other Currency PairingsĪll the other international currencies such as the Australian Dollar (AUD), Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), and Singapore Dollar (SGD) tend to fluctuate relative to the VND rate against the United States Dollar. So it’s come down about 16% over about 13 years. (Or reversed: 1 dong equals 0.0041 cents!) When we first arrived in 2011, Approximately 20,600 dong equalled 1 USD. The exchange rate currently (2023) hovers around 24,000 Vietnamese dong for $1 USD. The State Bank of Vietnam supports monetary stability, but the currency, like many others, has depreciated against the USD. The currency of the Democratic Republic of Vietnam is called the “ Vietnamese Dong.” It is issued by the State Bank of Vietnam and represented by the letters VND in any of the Currency Exchange calculators. Vietnamese Dong – Rates and Denominations ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |