What is the Currency in Vietnam? 

Imagine you’re weaving through a Hanoi street market, steam rising from sizzling bánh mì stalls, vendors calling out cheerfully, the scent of fresh herbs thick in the air, your appetite takes over and you stop to buy one of everything. But when you reach into your wallet to pay you suddenly realise you have no idea what you’re holding. Notes in wild denominations, numbers with more zeros than you’re used to, and symbols you don’t quite recognise. 

And more importantly, how on earth do you use it without short-changing yourself, or tipping the street vendor your week's budget? 

We’re going to unpack what the currency of Vietnam is, its fascinating history to current denominations, local spending habits, and, of course, how to get your hands on it. Whether you’re planning a foodie tour in Hoi An or a beach escape to Phu Quoc, this guide has everything you need to navigate Vietnamese money with ease. 

Currency in Vietnam 

So, let’s get the official stuff out of the way. 

The currency of Vietnam is the Vietnamese dong, abbreviated as VND. It’s used throughout the country for all transactions, from that steaming bowl of pho to five-star hotel suites. You’ll often see it written with the symbol ₫ usually next to prices that can look a little intimidating at first. Don’t worry, we’re going to explain it all so you can stay on budget. 

And let’s just get it out the way now, yes the name of Vietnamese currency may sound amusing to English ears, but we’re not going to be making any of those jokes. Staying on budget is serious stuff. So, while your bill might read 100,000₫ for lunch, that’s not your monthly rent, it’s only about £3.50 (at the time of writing, August 2025). 

Vietnam Currency Denominations 

Now, let’s break down the Vietnam dong currency denominations so you know exactly what to look for when you land. 

Coins 

Technically, Vietnamese coins still exist in denominations of: 

• ₫200 

• ₫500 

• ₫1,000 

• ₫2,000 

• ₫5,000 

However, don’t get your hopes up about spotting one. Coins are rarely used in modern Vietnam and have largely vanished from circulation due to inflation and the convenience of paper notes. Most Vietnamese people and vendors simply don’t accept them anymore, so don’t worry about getting your hands on any. 

Notes 

You’ll mostly be dealing with notes, and here’s the full lineup: 

• ₫1,000 

• ₫2,000 

• ₫5,000 

• ₫10,000 

• ₫20,000 

• ₫50,000 

• ₫100,000 

• ₫200,000 

• ₫500,000 

Yes, you read that right, 500,000 dong is a common note. Don’t be surprised if your wallet is suddenly bulging with unrecognisable cash. It takes some getting used to. 

Pro tip: Always double-check your notes. The ₫20,000 and ₫500,000 notes are both blue and similar in size. Confusing them is an easy mistake that can cost you dearly at a busy market or taxi stand. 

Each note features images of national landmarks, cultural symbols, or Ho Chi Minh himself. They’re waterproof, made of polymer, and surprisingly durable. 

The History of Vietnam’s Currency 

French Indochinese Piastre 

To understand how the dong came to be, we have to go back to Vietnam's colonial days. During the French occupation from the late 19th century, the region, known then as French Indochina, used the piastre as its currency. This was shared across Vietnam, Laos, and Cambodia and pegged to the silver standard. 

The piastre remained in use right up until Vietnam began its march toward independence. 

Unification of North and South Vietnam Following the end of the Vietnam War in 1975, the country was reunified, and so were its economies. At the time, North Vietnam used its own version of the dong, and the South had its own currency. 

In 1978, the currencies were unified, creating a centralised monetary system to support the socialist economy. The goal? Stability. 

The Vietnamese Dong Today 

In 1985, after a period of intense inflation and instability, the government launched a revised version of the dong. This became the stable, managed currency used across the country today. 

The dong remains a non-convertible currency, meaning it isn’t traded freely on the global market and can’t legally be exported in large quantities. Instead, it’s tightly controlled by the State Bank of Vietnam, which carefully manages its exchange rate. 

Spending Money in Vietnam 

If you’re new to Vietnam, you might wonder how far your money will go. The answer? Quite a long way. 

How Much Do Things Cost in Vietnam? 

Vietnam is famously affordable, which is part of what makes it such a favourite among backpackers and budget travellers. 

Here’s a quick breakdown of typical costs (as of 2024–2025): 

• Street food meal: 30,000–70,000₫ (£1–£2.50) 

• Domestic bus ticket: 100,000₫ (£3–£4) 

• Coffee (Vietnamese iced): 20,000–40,000₫ (under £1.50) 

• Budget hotel room: 300,000–500,000₫ per night (£10–£17) 

• Luxury resort: from 2,000,000₫+ (£70+ per night) 

It’s easy to travel well on a shoestring, but Vietnam also caters to luxury travellers if you fancy splurging now and then. 

Shall I Pay with Card or Cash in Vietnam? 

Cash is king. Especially in rural areas, local markets, and street food vendors, cards are rarely accepted. Always carry cash, ideally small denominations to avoid the dreaded “no change” shrug. 

Cards are accepted at high-end hotels, restaurants, and some shopping malls in major cities like Ho Chi Minh City or Hanoi. But even there, don’t be surprised if machines are out of order, or you’re asked to pay an extra fee for card payments. 

Can I Withdraw Cash from ATMs in Vietnam? 

Yes, ATMs are widely available and accept most international cards. But there are some things to remember. 

• Withdrawal limits vary (usually 2,000,000–5,000,000₫ per transaction). 

• Fees are often charged by both your UK bank and the local ATM operator. 

• Cash machines can run out, especially during local holidays. Plan ahead! 

Your best bet? Take out larger amounts when needed, to reduce fees and order some dong, if you can, before you go. 

Tipping and Bargaining in Vietnam 

Tipping isn’t a cultural norm, but it’s increasingly appreciated in tourist areas. A little extra for hotel staff or tour guides goes a long way. 

Bargaining is expected in markets, small shops, and taxi fares that don’t use meters. Always smile, stay polite, and remember it’s part of the game, not a confrontation. 

Where to Get Vietnamese Dong 

So, you’re convinced. But where do you actually get your dong? 

It’s not the easiest currency to find on the high street, but we make it simple. You can: 

• Order online and pay no commission 

• Choose home delivery or Click & Collect from your nearest store 

• Lock in your exchange rate ahead of time 

• Avoid hidden fees or awkward surprises at the airport 

We’re proud to offer a seamless experience, no commission, and competitive rates—because we believe great trips start with a great exchange. 

Ready to Buy Some Vietnamese Dong? 

From fragrant street food to floating lanterns in Hoi An, Vietnam is a country made for discovery—and having the right currency in your wallet is the first step. 

So, whether you’re heading off on a two-week tour or planning to slow-travel through the Mekong Delta, order your Vietnamese dong today. Travelex offers no commission, competitive rates, and delivery options that work around your schedule, when you order online.