Exchanging US dollars or other foreign currencies into Vietnamese currency (VND) is a common need for many international travelers visiting Vietnam. However, you need to familiarize yourself with the regulations regarding foreign currency exchange in Vietnam. So, where should you exchange foreign currency reliably and how should you go about it? In this article, S Vietnam Travel will provide you with the most useful and essential information to help you exchange money quickly and conveniently.
Regulations for exchanging US dollars or foreign currencies in Vietnam
The sale of individuals’ cash foreign currency can only be conducted at authorized locations within the network of credit institutions licensed by the government.
Where to exchange US dollars to Vietnamese currency?
Therefore, if you want to exchange US dollars to Vietnamese currency (Vietnam dong), according to the regulations, you must visit authorized foreign currency exchange points such as bank branches or currency exchange counters at airports.
However, exchanging foreign currency at such points often offers slightly lower exchange rates compared to the black market (unlicensed locations), such as some gold and silver shops on Ha Trung Street in Hanoi or some gold shops in District 1, Ho Chi Minh City. We will provide a list of foreign currency exchange locations below, and if you have a private tour guide, you can ask them to take you there to exchange money.
Banks that support exchanging US dollars to Vietnam dong
In Vietnam, there are numerous banks operating with many branch offices in major cities, particularly in the central areas such as the Old Quarter of Hanoi or District 1 in Ho Chi Minh City, making it convenient for customers to access their services. You can have complete peace of mind when exchanging money at the transaction counters of banks like Vietcombank, Vietinbank, BIDV, VIB, VP Bank, SHB Bank, Agribank, ACB Bank, Tienphong Bank, and Techcombank.
Exchanging US dollars to Vietnam dong at Vietnamese airports
Terminal 1 (Domestic Passenger Terminal) – Noi Bai International Airport
At Terminal 1, passengers can exchange foreign currency at Noi Bai Airport at the following locations:
- Currency Exchange Counters (2 counters): Asia Commercial Bank (ACB), Vietinbank.
- ATMs (9 banks): Agribank, Citibank, HSBC, Techcombank, VIB, ANZ, Vietinbank, Asia Commercial Bank (ACB), Sacombank.
- 01 Kiosk Banking (2 banks): Vietinbank, BIDV.
Terminal 2 (International Passenger Terminal) – Noi Bai International Airport
At Terminal 2, there are 4 currency exchange counters at Noi Bai Airport for you to choose from:
- Counter 1: Near departure gates 17 and 18.
- Counter 2: Departure area (opposite the Customs procedures area D).
- Counter 3: Arrival area (after the Immigration Customs counter).
- Counter 4: International arrivals hall (exit area).
Currency exchange locations at Tan Son Nhat Airport
Location 1: Near departure gates 17 and 18.
Location 2: Opposite Customs procedures area D (Departure area).
Location 3: After the Immigration Customs counter (Arrival area).
Location 4: International arrivals hall (exit area).
Exchanging US dollars at gold and silver shops
Most gold and silver shops in Vietnam are not authorized to exchange foreign currency. However, in practice, this activity still takes place regularly at reputable and long-standing shops. These shops operate in a professional manner, and the currency exchange transactions here are very quick, typically taking only 2-3 minutes to complete, with exchange rates that are higher than those offered by banks.
Some major currency exchange shops in Hanoi
- Quoc Trinh Gold Shop on Ha Trung Street: 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi
When someone asks you about reliable addresses for currency exchange and buying/selling USD, Euro, AUD, etc., in Hanoi, Quoc Trinh Gold Shop on Ha Trung Street is definitely worth mentioning. It is one of the oldest and most reputable establishments in Hanoi, specializing in gold, silver, and foreign currency transactions.
- My Nghe Vang Bac: 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi.
- Thinh Quang Gold and Silver Company: 43 Ha Trung, Hoan Kiem District, Hanoi.
- Bao Tin Minh Chau Gold, Silver, and Gemstone Shop: 19 Tran Nhan Tong, Bui Thi Xuan, Hanoi.
Some major currency exchange shops in Ho Chi Minh City
- Minh Thu Currency Exchange: 22 Nguyen Thai Binh, District 1, Ho Chi Minh City.
- Kim Mai Gold Shop: 84 Cong Quynh, District 1, Ho Chi Minh City.
- Saigon Jewelry Center: 40-42 Phan Boi Chau, District 1, Ho Chi Minh City.
Exchange rate of US dollar to Vietnam dong
Each bank updates the exchange rate of US dollars and other currencies against the Vietnamese dong at different times throughout the day and publicly displays them on their websites. Therefore, you can check the exchange rate before deciding to exchange.
Another type of exchange rate is known as the black market rate, which fluctuates throughout the day and is always higher than the rates listed by banks. To find out this rate, you can call gold shops or visit them in person. To get the best exchange rate, you can go to one of the shops we mentioned above.
Exchanging foreign currency in Vietnam is simple and quick, so you don’t need to exchange Vietnamese dong before you fly. Just bring US dollars, euros, Australian dollars, or any other currency to Vietnam and exchange as much as you need. There are many ways to exchange currency in Vietnam, as we mentioned above, and you can choose the most convenient method for your travel needs. All of them are safe. If you are interested in traveling to Vietnam, feel free to contact our advisors for the best assistance.