Yes, USD works in Vietnam, particularly in major tourist areas, larger businesses, and international airports. However, the local currency, Vietnamese Dong (VND), is widely accepted and preferred for day-to-day transactions.
USD works as a form of currency in Vietnam, but it is important to note that the local currency, the Vietnamese Dong (VND), is widely accepted and preferred for day-to-day transactions. While USD can be used in major tourist areas, larger businesses, and international airports, it may not be accepted in smaller establishments or local markets.
Vietnam is known for its bustling markets, street vendors, and local businesses where the primary currency used is the Vietnamese Dong. The Dong comes in various denominations, including paper notes and coins. To fully immerse in the local culture and have a seamless shopping experience, it is highly recommended to have the local currency on hand.
To shed more light on the topic, let’s look at a quote from Forbes magazine, “While USD might be accepted in some hotels, larger establishments, and tourist areas, the majority of businesses in Vietnam prefer to transact in Vietnamese Dong.” This emphasizes the preference for the local currency in day-to-day transactions.
Here are some interesting facts about currency in Vietnam:
Vietnamese Dong: The official currency of Vietnam is the Vietnamese Dong. Currency notes come in denominations of 500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 VND.
Symbol: The symbol for the Vietnamese Dong is “₫”, derived from the Latin letter “D”. For example, 10,000 VND can be written as ₫10,000.
Revaluation: The Vietnamese Dong has been revalued several times in the past, with zeros being removed from the currency. This was done to streamline the currency system and make transactions easier.
Exchange Rates: The exchange rate between USD and VND fluctuates, so it is advisable to check the rates before traveling to Vietnam. Currency exchange services are widely available in major cities and tourist areas.
To provide an overview, here is a table comparing the Vietnamese Dong (VND) and the United States Dollar (USD) as currencies:
|Currency||Vietnamese Dong (VND)||United States Dollar (USD)|
|Denominations||Notes: 500-500,000 VND||Notes: $1-$100|
|Coins: 200-5,000 VND||Coins: 1¢, 5¢, 10¢, 25¢, $1|
In conclusion, while USD is accepted in Vietnam, the Vietnamese Dong is the preferred currency for everyday transactions. It is advisable to have local currency while exploring the country, especially in smaller establishments and markets. As the saying goes, “When in Vietnam, embrace the local currency and experience the true essence of the country’s vibrant economy.”
Video answer to your question
This video provides a quick method to convert Vietnamese prices into USD. The speaker advises removing four zeros from the price and dividing by two to obtain the approximate value in dollars. He emphasizes using this method for local transactions, while cautioning to check official exchange rates for banking or money conversions.
On the Internet, there are additional viewpoints
Although the official currency is the Vietnam Dong (VND), many major stores and hotels in Vietnam also accept the US dollar.
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.
You can use American dollars for sure, though in major tourist cities such as Hanoi, Hoi An and Ho Chi Minh City. When you get to Vietnam, you can change the currency to Vietnam Dong, which will help your shopping time a lot.
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.
The answer is “Sure”. Although the official currency in Vietnam is VND, some big shops, restaurants, or hotels still accept paying in USD or Euro. However, if you pay in these currencies, the vendors often convert the price with an exchange rate in favor of them because prices in Vietnamese shops are often given in local currency.
Most major currencies can be changed in Vietnam. US Dollars can easily be changed in banks, hotels, airport money exchange stalls and jewelry shops. Other currencies including Euros, AUD and UK Pounds can be changed in banks.
The official currency of Vietnam is the Vietnamese dong (VND). Because the dong is tied to the US dollar, you can use your money at most hotels and big shops. To make things easier, prices are often quoted in US Dollars in tourist areas.
Please be assured that USD is the most popular currency in Vietnam for exchanging and Euro may be less popular than USD. If you are afraid of losing money, please change into USD!
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|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|