Yes, the official currency of Vietnam is the Vietnamese Dong (VND), and it is widely used for all transactions within the country. While some businesses may accept US dollars, it is not the primary currency in Vietnam.
Vietnam, a vibrant Southeast Asian country known for its rich culture, stunning landscapes, and delicious cuisine, has its own official currency called the Vietnamese Dong (VND). While some businesses may accept US dollars, the primary currency used in Vietnam is the Vietnamese Dong.
Interestingly, the Vietnamese Dong has a fascinating history. It was first introduced as the official currency in Vietnam in 1978. Prior to that, the country used a separate currency for North Vietnam and South Vietnam. The decision to unify the currency was made to support the reunification of the country and promote economic stability.
Today, the Vietnamese Dong is widely used for all transactions within Vietnam. From street vendors and local markets to hotels and restaurants, you will find prices quoted in Vietnamese Dong. It’s always a good idea to have the local currency on hand, especially when venturing into more remote areas where US dollars may not be accepted.
To provide more context on the topic, consider this insightful quote by Warren Buffett: “Price is what you pay. Value is what you get.” This quote resonates well when it comes to using the local currency while traveling. By paying in Vietnamese Dong, you not only adhere to the country’s customs but also ensure you are getting the full value of the products and services you wish to purchase.
It’s worth noting that the exchange rate between the US dollar and the Vietnamese Dong can fluctuate. Therefore, it’s advisable to check the current exchange rate before your trip. Additionally, there are several ways to exchange your currency into Vietnamese Dong, including currency exchange booths, banks, and hotels, ensuring you have easy access to the local currency during your visit.
To summarize, while some businesses may accept US dollars, the Vietnamese Dong is the official and primary currency used in Vietnam. Embracing the local currency allows you to fully immerse yourself in the culture, support the country’s economy, and ensure you receive the best value for your transactions. As the famous saying goes, “When in Rome, do as the Romans do,” or in this case, “When in Vietnam, transact in Vietnamese Dong.”
Here is a table showcasing the denominations of Vietnamese Dong:
| Denomination | Abbreviation |
| 100 | VND100 |
| 200 | VND200 |
| 500 | VND500 |
| 1,000 | VND1,000 |
| 2,000 | VND2,000 |
| 5,000 | VND5,000 |
| 10,000 | VND10,000 |
| 20,000 | VND20,000 |
| 50,000 | VND50,000 |
| 100,000 | VND100,000 |
| 200,000 | VND200,000 |
| 500,000 | VND500,000 |
| 1,000,000 | VND1,000,000 |
Note: The table showcases some common denominations, but there are smaller and larger denominations available as well.
This video contains the answer to your query
In this YouTube video, the creator discusses finding a currency exchange near Ben Thanh Market in Vietnam that offers a more favorable exchange rate than Google and the airport. They received 12,180,000 Vietnamese dong for $500, which was higher than the current rate and better than the airport exchange. The exchange deducts 10,000 dong for bills with marks, so it is recommended to bring clean new bills. The video suggests that this exchange may offer a better rate due to a shortage of US currency or a preference for accumulating new hundred-dollar bills. Overall, it provides an advantageous currency exchange option.
Here are some additional responses to your query
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.
A question that’s often asked: is USD widely accepted in Vietnam? The simple answer is “yes”! Though the official currency of Vietnam is Dong (VND), many big shops and hotels in Vietnam accept US dollars as well. When you travel to Vietnam, it’s handy if you bring some dollars.
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.
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Are you overpaying your bank?
|Conversion rates US Dollar / Vietnamese Dong|
|100 USD||2366850.00000 VND|
|250 USD||5917125.00000 VND|
|500 USD||11834250.00000 VND|
|1000 USD||23668500.00000 VND|
Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.