Dong is the currency unit of Vietnam.

The international currency symbol is VND, which is one of the lowest currencies in the world.

The unit of money is usually kilo (K), and locals usually omit the last three zeros when talking about prices.

For example: 100,000 is usually said as one hundred; 60,000 is said as sixty.

Vietnamese currency classification

Plastic coins: 500K, 200K, 100K, 50K, 20K, 10K

Paper notes: 500, 1K, 2K, 5K

Coins: 200, 500, 1K, 2K, 5K, coins are generally less used

How to Convert Vietnamese Dong to RMB

Simple Conversion:

Vietnamese Dong removes 4 zeros and then multiplies by 3

For example, 500K = 500,000 Vietnamese Dong ≈ 150 yuan

For reference only, the specific exchange rate of the day shall prevail

Domestic Exchange: The known banks that can be exchanged are Bank of China, and reservations must be made in advance.

Foreign Exchange: You can use UnionPay credit cards or visa cards to withdraw money at the Vietnam Airport or local ATMs, which requires a certain fee; you can also exchange RMB or US dollars at the Vietnam Airport, and the front desk of local hotels or local banks in Vietnam also have foreign currency exchange services.

Suggestions:

Exchange US dollars in China, and exchange Vietnamese Dong at the currency exchange point after arriving at the local area, with a better exchange rate. (If you carry cash equivalent to US$5,000 or more, you need to declare it to the customs)

It is recommended to spend Vietnamese Dong before leaving Vietnam, and banks will not accept Vietnamese Dong after returning home.

Payment Methods in Vietnam

Cash transactions (Vietnamese Dong or US dollars) are the main methods, followed by credit card payments (Visa, Mastercard, etc.), and then QR code payments (Momo, ViettelPay, ZaloPay, etc.).

Tipping Culture:

Vietnam is a tipping country, but tipping is not mandatory. If you are satisfied with the service staff, you can give them 1 US dollar or 10,000-20,000 Vietnamese Dong as a tip reward.

For more information on Southeast Asian investment, please consult PDAEXSEA professional consultants.