Information of Vietnam currency| Global Exchange (2024)

FAQs

How much is $1.00 USA change to Vietnam? ›

1 USD = 23,490.722461 VND Jun 06, 2023 11:33 UTC

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Vietnamese Dong or US Dollar, which is the best currency to use in Vietnam? Most payments are made with Vietnamese Dong, but US dollars can be directly used for some hotels, restaurants, tours, or other services. You may see the prices for food, drinks, and souvenirs in Ho Chi Minh City's airport are all in US dollars.

TIP: It's a good idea to withdraw some extra cash before travelling to remote destinations in Vietnam, especially if you want to buy crafts or textiles directly from local artisans.

Due to the historical involvement of the United States in Vietnam and the country's dependence on tourism, it is fair to ask, “Will my US dollars work in Vietnam?” In short, the answer is yes. In the major cities of Hanoi and Ho Chi Minh City, US dollars are widely accepted.

In short, when traveling to Vietnam, you should carry cash and VISA cards, this's the best choice. Vietnam Dong and USD are preferred to use in Vietnam. And, it is very easy to change USD into Dong at the banks in Vietnam.

For a more comfortable backpacker experience in Vietnam, it's best to budget around $50 per day. This way, you'll have more money to spend on things like food, drinks, activities and hotel rooms. For a comfortable mid-range experience in Vietnam, it's best to budget $60 to $100 per day for your entire costs.

It depends on what kind of travelling you like to do; you will spend from just 600,000VND (~30 USD) for local style to over 1,400,000VND (~70USD) for luxury travel for 2 of you. It means that you should take 8,400,000VND (~420USD) to 19,600,000VND (~980USD) for spending during 2 weeks in Vietnam for food and drinks.

How much cash can I carry into Vietnam? Currently, there is no legal limit on the amount of cash you can bring to Vietnam (either for Vietnamese Dong or any other foreign currency).

How much USD can i carry to Vietnam? ›

CURRENCY RESTRICTIONS FOR ENTRY: None. However, Vietnamese Dong in excess of VND 150,000,000 or foreign currency in excess of 5,000 U.S. dollars or equivalent must be declared.

Credit cards are widely accepted but, in rural areas particularly, you should carry cash as a back-up. It may be difficult to cash travellers' cheques.

Two people can enjoy a full local-style meal of rice or noodles, meat, vegetables, and a couple of draft beers for less than $5. For comparison, ordering one deluxe hamburger, fries, and a bottle of imported beer at a Western-style restaurant will cost between $8 and $11.

Exchange money in Vietnam

Banks and money changers at the airport often exchange money for bad prices. The most favorable exchange rates are often at a jeweler in the old quarter of Hanoi or behind Ben Thanh market in Ho Chi Minh City. Before you change money, always calculate whether you will receive a favorable rate.

Gold in Vietnam is more expensive than the world price but jewellery work is usually cheaper for the reason as in #1 above.

As a general rule of thumb, the more luxurious and verifiable the item, the less you'll save in Vietnam. If you go to a high-end retailer, the prices will look similar to London or Paris or Milan. The real savings come from shopping at local markets and boutique shops.

The average wealth of people in the top 5% of the richest population in 2021 is 316,658 USD (equivalent to 7.8 billion VND), top 10% richest is 181,132 USD (equivalent to 4.1 billion VND). Meanwhile, the average wealth of the poorest 50% of the population is only 3,429 USD (nearly 78 million VND).

In Vietnam, a 50m2 downtown house costs at least around $500,000, sometimes even higher. However, the average income of Vietnamese is just over $3,000 a year. Thus, it will take us more than 160 years-worth of income to purchase a house.

While that's technically true, having a million đồng does not make you wealthy. At the time of this writing, for example, 1 million đồng is worth about $43 U.S. dollars. That is roughly the amount that a tourist would spend per day vacationing in Hanoi.

What to bring to Vietnam from USA as a gift? ›

Ideas for Gift Giving in Vietnam

If it is for children, chocolate, candies, toys, or lucky money are the best. If you visit someone's house, bring along fruits, liquids, or a box of confectionery. For charitable organizations, it is better to donate clothes, books, food, and other necessities.

There are a number of international banks operating in both Hanoi and Ho Chi Minh City with 24hour cash withdrawal facilities. Most ATMs enables you to get cash from VISA, MASTER CARD, Cirrus, Maestro, Plus and JCB network. Under Vietnamese law, ATM may only dispense cash in Vietnamese Dong.

You are always charged when withdrawing money from ATMs from local banks. Use cards issued by foreign banks such as ANZ, Citibank, Advance or Premier HSBC, and find ATMs from the same banks to avoid ATM costs.

Three Weeks

This route cuts down on travel costs as the only expense there would be renting a motorbike, which is quite easy to do in Hanoi Old Quarter or Pham Ngu Lao in Ho Chi Minh. You shouldn't spend more than $4-$6 per day. Three weeks could be done as cheaply as $800, but more realistically aim for $1,500.

Tipping is not part of the culture in Vietnam, and you are not required to tip anywhere. There will be a service charge for more upscale restaurants. People more accustomed to receiving tips are tour guides and in Western style hotels.

Thank you for contacting us. Basing on Vietnam customs regulation, foreign currency (including cash, coin and travelers' cheques) in excess of US$7,000 must be declared at customs upon arrival with supported appropriate documentation.

Body massage price

The price range for a full body massage in Hanoi can be between $20(VND500,000) to as high as $80 (VND1,850,000).

Travelers with limited time can rejoice that Vietnam is small enough to experience the highlights in just a few days. That said, the ideal timeframe is about 10 days, as it takes at least this long to immerse yourself in Vietnam's rich culture.

Items that you cannot bring into Vietnam include weapons, munitions, explosives and inflammables, firecracker of all kinds, opium and drugs, toxic chemicals, and cultural materials unsuitable to Vietnamese society (p*rnographic seditious publications, films and photos), harmful child toys.

There is no maximum limit, however, any amount exceeding $10,000 USD must be declared upon arrival on both the Form 6059B and FinCEN 105. All forms must be filled in completely and truthfully. The penalties for inaccurate declaration and non-compliance can be severe including heavy fines and/or confiscation of funds.

How much dollar cash can you carry on a plane? ›

You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, TSA has no rules that limit how much money you can bring through security. In other words, TSA has no cash limit per person.

Do United States Citizens Need a Visa to Vietnam? Yes. All US citizens need a visa to enter Vietnam for business or leisure trips.

Visa on arrival is available for Air travelers. Those arriving by land or cruise are required to contact the local Vietnam embassy to get a full Vietnam visa before departure. Visa on arrival must be picked up at Vietnam airports after landing.

The average salary in Vietnam is 17.2 million Vietnamese Dong (VND) per month or 733 USD/month (according to the exchange rates in May 2023) — which is significantly lower than the average salaries in countries like the USA or UK.

💥 Cost of living in Vietnam (in 2022) : average in USD

Plan a minimum budget of $700/month if you are young or do not spend a lot. Your expenses may be up to $1,000/month if you want to be able to travel, enjoy the nightlife a bit more.

Cost of Living in Vietnam: $700 to $1,400 per month

How much does it cost to live in Vietnam? $700 on the low end of the range, up to $1,400 for mid-range expats. This averages living costs across many months—you may spend more getting set up, but many expats average $1,000 per month.

7. Most Hotels Will Ask To Keep Your Passport (But don't let them!) Many hotels will ask to keep your passport during your stay. Allowing someone else to keep your passport is risky, however, because they are not the ones who will be inconvenienced if your passport is lost or stolen.

Bring enough for your stay. Toilet paper – It may be beneficial to keep toilet paper with you while traveling, especially on long bus rides. Most hotels, hostels and restaurants in the city have conventional toilets but many bus stop bathrooms have squatting-style toilets without toilet paper.

You can easily travel around Vietnam with either a backpack or a suitcase and both are suitable. However, You may find that some footpaths can become quite obstructed with scooters and street food vendors so if you plan on taking your bags far, then a rucksack would be best.

Vietnam's culture demands that you observe certain rules, although the Vietnamese are generally forgiving of unintentional faux pas and very welcoming to foreign visitors. Generally, Vietnamese people are very appreciative if they see you knowing and trying to abide by the customs.

How much is a Big Mac meal in Vietnam? ›

In Vietnam, for example, the burger costs 69,000 dong. Although that sounds like an awful lot, you can get a lot of dong for your dollar and, therefore, a lot of bang for your buck in Vietnam. You can buy 69,000 dong for only $3 on the foreign-exchange market.

The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. The value of the currency is influenced by Vietnam's trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy.

In short, when traveling to Vietnam, you should carry cash and VISA cards, this's the best choice. Vietnam Dong and USD are preferred to use in Vietnam. And, it is very easy to change USD into Dong at the banks in Vietnam.

CURRENCY RESTRICTIONS FOR ENTRY: None. However, Vietnamese Dong in excess of VND 150,000,000 or foreign currency in excess of 5,000 U.S. dollars or equivalent must be declared.

Many expats live comfortably in Vietnam on less than $1200 per month. Regardless if your tastes are modest or luxury, your living costs are less than what you would spend in a MCOL city in the US.

Can I Brush My Teeth with Tap Water in Vietnam? In the urban area, yes. Rinsing or brushing your teeth with tap water in Vietnam is fine, as long as you don't swallow a significant amount of it.

How much is 5 million Vietnam dong to dollars? ›

How much is ₫10,000,000.00 – the ten million 🇻🇳 dongs is worth $425.80 (USD) today or 💵 four hundred twenty-five us dollars 80 cents as of 13:00PM UTC. We utilize mid-market currency rates to convert VND against USD currency pair. The current exchange rate is 0.000040.