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Private tailor-made journeys of a life time
Jul 12, 2023
By Ms. Minh Thu
The exchange of currency must rank among the most crucial preparations for a trip abroad. You are planning to travel to Hanoi, Vietnam and you are looking for the best places to exchange money in Hanoi 2025, but you still don’t know where to exchange money, how to exchange, and how to avoid unnecessary costs when exchanging money. In fact, exchanging money is not that difficult. The experiences listed below, provided by Vietnam Escape Tours, will assist tourists to Vietnam in avoiding surprises and obtaining the best exchange rate.
Note: Vietnam Escape Tours - A reputable tour company in Vietam may support you to lead you to the place where you wish to exchange money when you are on tour with us.
exchanging fom USD to VND and other currency to VND is concern for traveler visiting Hanoi, Vietnam and "where to exchange USD to VND Hanoi" is a question for many travelers.
Recent USD → VND Rates (August 2025)
According to historical data from exchange-rates.org:
| Best rate in August 2025: | 1 USD = 26,280 VND (on August 13) |
| Worst rate in August: | 1 USD = 26,175 VND |
| Average for the month: | 26,237 VND per USD |
The Vietnam đồng, denoted by the symbol VND or đ, is the country's official unit of exchange. Vietnamese money value ranges in denomination from 10,000 to 500,000 VND and is made up of both smaller paper bills and larger polymer bills (coins are not used). If the number's many zeros are confusing you, mentally take out three of them to create a clearer one. Simply get rid of three zeros and divide the result by 23 to rapidly convert VND to USD.
The smaller bills are printed on regular paper, and the larger bills are printed on polymer, so keep that in mind. For the current exchange rate, it changes over time. For accurate information, you must check it online or via mobile apps.
Vietnam currcency
In Vietnam, it is against the law to pay with anything other than VND. Only Vietnamese money is accepted for payments. While traveling in Vietnam, you absolutely must exchange your cash for VND.
For the majority of financial transactions, Vietnamese people prefer to use cash rather than cards. Although using a credit or debit card to pay is becoming in popularity, only some establishments, such as restaurants and shopping centers, accept cards. Carrying cash is still the best option because sidewalk shops never accept credit cards and are prevalent throughout the nation.
Almost everywhere in Vietnam offers the service to exchange popular currencies including the US dollar, British pound, Japanese yen, Euro, and so forth.
• Banks: There are numerous banks in Vietnam where you can exchange currencies, like Vietcombank, Vietinbank, Agribank, Eximbank, etc. You might have to wait a while, and a fee of 0.5% to 2% will be applied. Always carry new notes if you plan to exchange money at a bank; dirty or damaged notes will result in an extra charge of 2% of the note's face value.
• Hotels: Visitors can also purchase local currency while staying there. To find out if the hotel offers money exchange services, ask the front desk staff. Since you don't have to search around to find money exchange locations on the streets, this not only saves time but also keeps your money secure. While some of Hanoi's upscale, larger hotels may offer comparable conversion rates to banks, smaller establishments could impose additional costs.
• Airports: The major cities have a few currency exchange desks.
• Gold and jewelry shops: If you need to exchange money, you can go to some gold and jewelry shops, particularly those in Hanoi's Old Quarter.
Most gold dealers and tour guides provide forex services in the Old Quarter. Frequently, their rates outperform those of banks. Along Ha Trung and Hang Bac alleys, you can discover these gold businesses. They're open from Monday through Saturday and often exclusively exchange US dollars.
Quoc Trinh Gold Shop
Address: 27 Ha Trung, Hoan Kiem District, Hanoi, just hundreds of meters from the Vietnam National Tuong Theater.
Contact: +84 4 3826 8856
working hours: 8 am to 7 pm from Sunday to Friday.
Quoc Trinh Golden Shop, 27 Hai Ba Trung
When you exchange money at Quoc Trinh Gold Shop on Ha Trung Street, normally you’ll have a good rate, and the staff is professional, so everything is really fast. So, Quoc Trinh Golden Shop is undoubtedly one of the best places to exchange money in Hanoi. The rate of money exchange here is really good, which is even better than many other shops or banks in Hanoi. Many tourists place a lot of trust in and choose this place as a favorite place to exchange money in Hanoi.
A traveler on Reddit noted " They'll give exact or a bit higher rate when you exchange new crisp $100 bills" and another traveler on Reddit noted " Second this! … Every time I have been to Hanoi, this has always been my go-to place for currency exchange"
Phu Van Jewelry
Address: 25 Luong Ngoc Quyen, Hang Buom, Hoan Kiem District, Hanoi.
Contact: +84 4 3926 1764
working hours: 9 am to 6 pm from Monday to Saturday.
Phu Van Jewelry store, 25 Luong Ngoc Quyen
Phu Van Jewelry is another good place to exchange money in Hanoi. The facilities are helpful and include chairs, air conditioners, etc. The staff is friendly and familiar with dealing with foreign customers, so you don't need to worry about this problem. The rate is also good and you rarely pay extra fees. If you need to exchange money near Hang Buom, Phu Van Jewelry is a good choice.
Kim Linh Jewelry
Address: 67 Hang Bac, Hoan Kiem District, Hanoi, just hundreds of meters from Hanoi Ancient House.
Contact: +84 4 3825 3649
Working hours: 8 am to 6 pm from Monday to Saturday.
Kim Linh Jewelry store, 67 Hang Bac
Kim Linh Jewelry is one of the top 3 best places to exchange money in Hanoi, especially in areas around Hoan Kiem Lake. Located at a convenient address, you can easily find this shop to exchange money. Providing good rates and easy-going staff, Kim Linh shop definitely meets your needs. Because of good service, many people think of the store immediately when it comes to exchanging money in Hanoi.
Outside of the Old Quarter, there are renowned gold dealer shops that offer high-quality service.
Vang Hoang Tin Gold Shop
Address: 124 Nguyen Thai Hoc, Ba Dinh District, Hanoi, near Kim Ma station.
Contact: +84 4 3733 7425
Working hours: 8 am to 6 pm from Monday to Friday 8:30 am to 6 pm on Saturday and Sunday.
Bao Tin Minh Chau
Address: 29 Tran Nhan Tong, Hai Ba Trung District, Hanoi, Vietnam, just hundreds of meters from Bay Mau Lake.
Contact: +84 4 3822 6999
Working hours: 8 am to 8 pm every day
Bao Minh Jewelry
Address: 4B Tran Nhan Tong, Hai Ba Trung District, Hanoi,
Contact: +84 4 3944 6934
Working hours: 9 am to 6 pm from Monday to Saturday
The majority of the bank locations in Hanoi's Old Quarter are gathered around Hoan Kiem Lake and close to Dong Kinh Nghia Thuc Square. If you want a safer transaction and exchange rates aren't your top concern, banks are the way to go.
Vietinbank on Ly Thuong Kiet
Address: 25 Ly Thuong Kiet, Hoan Kiem District, Hanoi, near Vietnamese Women’s Museum.
Contact: +84 4 3826 7112
Working hours: 8 am to 5 pm from Monday to Friday.
Vietinbank, 25 Ly Thuong Kiet
Staff at Vietinbank are often polite and professional. Because of their good language and dedicated manner, they can serve customers well. Banks in Hanoi such as Vietinbank are often equipped with money counting machines, so the process is pretty fast, and you can exchange money in a great amount. But you should be cautious when bringing a lot of cash along your way.
Vietcombank in Cau Go
Address: 110 Cau Go, Hoan Kiem District, Hanoi, beside Dong Kinh Nghia Thuc Square
Contact: +84 4 3926 1236
Working hours: 8 am to 5 pm from Monday to Friday
Vietcombank, 110 Cau Go
With clean and spacious space, Vietcombank, to many people, is a favorite place to exchange money in Hanoi. Many staff here speak English and some other languages, which makes it very convenient when it comes to transactions with foreign visitors. If you need a safe place to do some monetary deals, then Vietcombank at 110 Cau Go can fit your need.
Techcombank on Bat Dan
Address: 34 Bat Dan, Hoan Kiem District, Hanoi, near Hanoi Friendly Hotel
Contact: +84 4 3923 2932
Working hours: 8 am to 5 pm from Monday to Friday.
Techcombank, 34 Bat Dan
Techcombank is one of the best places to exchange money in Hanoi because the bank features young but professional staff, and convenient facilities such as seats, cooling air conditioners, etc. If you need to find a safe place to exchange money, Techcombank is not a bad choice. Most banks are closed on Thursdays and Sundays, so keep track of time to come on a suitable day.
Besides exchanging cash at banks or jewelry shops, many travelers prefer using ATMs in Hanoi to withdraw Vietnamese Dong directly. This option is convenient, but it’s important to know about the fees, limits, and best banks to use.
You insert your foreign debit or credit card into a local ATM and withdraw in VND.
The machine converts your currency (USD, EUR, GBP, etc.) to VND using the bank’s exchange rate.
The rate is usually close to the official mid-market rate, but fees vary depending on your card and the local bank.
ATM withdrawal fee (local bank): usually 30,000 – 80,000 VND per transaction (≈ 1–3 USD).
Foreign bank fee: your home bank may also charge an international withdrawal fee or foreign transaction fee (often 2–4% of the amount).
Exchange rate markup: the conversion rate may be slightly worse than the interbank rate, typically costing you an extra 0.5% – 2%.
Many Vietnamese banks set daily withdrawal limits of 2–5 million VND (≈ 80–200 USD) per transaction.
Some international banks in Vietnam, such as Citibank, HSBC, or Shinhan Bank, allow higher limits (up to 8 million VND or more).
Techcombank, Vietcombank, BIDV: widely available, reliable, moderate fees.
Citibank & Shinhan Bank: higher withdrawal limits, but fewer machines.
Agribank & Vietinbank: common in the Old Quarter and tourist areas, though limits may be lower.
💡 Tip: To save money, withdraw larger amounts less frequently, instead of making multiple small withdrawals.
Here you can compare the options above to see the pros and cons
| Type | Example Location | Typical Rate | Fees | Highlights | |
| Jewelry Shops | Quoc Trinh Gold Shop | +0.5%–1% better than banks | None or minimal Fast | traveler-friendly | |
| Bank Branches | Vietcombank | Mid-range | ~0.5%–2% fee | Secure, counts money | |
| ATMs | Shinhan Bank ATM | Market rate | ATM fee (e.g. 2–4 USD) + bank fee | Convenient, high daily limits |
• You should wait until you come to Vietnam to change money, instead of doing this in your own country. Because of that, you will get a better exchange rate.
• In Vietnam, currency can be exchanged almost everywhere, but not all exchange offices are created equal. At the airport, banks and money changers frequently exchange currency for a high rate. A jeweler in Hanoi's Old Quarter frequently offers the best currency exchange rates. Always determine whether you will receive a favorable rate before changing money.
• First, you should look up the currency rate. You can do this by conducting an online search or using a smartphone's currency app. It will give you a general notion of the current rate, and whatever is being given to you should be fairly close to that figure.
• Make sure you receive a variety of VND notes, including those of lesser denomination, while exchanging. If you give sellers 500.000 dong notes to buy cheap products, they might not have enough change to give you. Therefore, it will be simpler to use a range of notes that includes 20.000, 50.000, and 100.000 dong notes.
• The black market is not a good place to exchange money because it is almost certainly a ruse.
• Avoid exchanging too much cash at once to avoid needing a suitcase to transport your Vietnamese Dong.
• Avoid accepting any damaged notes from others because you won't be able to use them again.
• Your foreign currency: Worn notes may be rejected or fetch worse rates, no tape marks or tears, crisp paper, no discoloration.
• Check counterfeit VND returns
• To verify you receive authentic notes, look at the polymer material, hidden image element, and embossing.
• Count your money carefully and try not to pay more than you need to because the new polymer notes readily attach to one another.
Question: Is Hanoi Airport a good place for exchanging money.
Answer: Hanoi Airport is a not bad place for exhanging money. It is safe to exchange money there but the rate may be not very good.
Question: Is hotel in Hanoi Old Quarter good place for money exchange.
Answer: It depends on the hotels you stay. Most of hotels may help you to exchange a small amount of money if you do not have. In fact, the staffs may help you because this is not really a service of the hotels so the rate vary from this hotel to other hotels.
Question: Are the banks good place for money exchange.
Answer: The banks are reliable places for exchanging money. However, the rate vary from this bank to other banks so please check before you go there. The rate may be not very good like some money exchange shops.
Question: Where to exchange currency for the best rate?
Answer: The money exhange shops in Ha Trung street like Quoc Trinh may have the the best rate. Please check your money again to make sure they are enough before you leave.
Question: Is it good to exchange money in Hanoi airport?
Answer: No, In generall it is not good idea for exchange a large amount of money at the Airport or Hanoi Airport due to the low rate and high fee. You may have better rate in the banks in the city center or the exchange shops in Hanoi. You may exchange a small amount in need for paying taxi or small things. And the rest you can exchange in Hanoi Center in the banks or money exhange shops.
After reading the article, hopefully, you have a better understanding of the Vietnamese currency as well as reputable places to exchange money here. Don't let the money change procedures affect your trip to Vietnam!
