Money in Vietnam
The currency is the dong (VND). Notes from 10,000 to 500,000 dong are made of polymer, smaller notes are paper or cotton, and coins are no longer in use. With so many zeros, count your change and check each note before you hand it over.
Cash still runs daily life. Street food stalls, markets, small shops, motorbike taxis and many family-run guesthouses only take dong, while hotels, malls, chain cafes and city restaurants accept cards. ATMs are easy to find in the cities and towns, but foreign cards usually pay a fee for each withdrawal, so take out larger amounts less often. Change money only at banks or official exchange counters with a clear sign, as changing money anywhere else is illegal. Haggling is normal at markets, less so in shops with price tags.
Banks, ATMs and Cards
The large state-owned banks are Vietcombank, BIDV, VietinBank and Agribank. Private banks such as Techcombank, VPBank, ACB and Sacombank have branches in every city, and foreign banks such as HSBC and Shinhan are in Hanoi and Ho Chi Minh City. Most ATMs accept Visa and Mastercard. Each bank sets its own fee and its own maximum per withdrawal, the screen shows the fee before you confirm, and the maximum is often low, so compare a couple of machines. Use ATMs inside bank branches or malls, and many machines give you the cash before the card, so wait for your card before you walk away.
Visa and Mastercard work in hotels, malls, supermarkets and most city restaurants, and some add a surcharge for card payments. Locals pay small vendors by scanning a QR code with their banking app, which usually doesn’t work with a foreign card, so carry cash for markets and street food. US dollars are a useful backup to change at a bank, but pay for things in dong.