I. Brief overview of Vietnam
Step into the heart of Vietnam, a nation where ancient streets echo with the whispers of history, street food tantalizes taste buds, and the wonders of Ha Long Bay unfold in all their breathtaking beauty. Even though Vietnam is still growing, it has made big progress in both its economy and society. Immerse yourself in the vibrant rhythm of Ho Chi Minh City while basking in the genuine warmth of the Vietnamese people. Whether exploring historic temples or navigating bustling markets, Vietnam seamlessly weaves tradition and innovation into a captivating tapestry, ensuring your journey is a harmonious blend of cultural depth and natural splendor.
General information about Vietnam
II. Vietnamese Currency
1. Introduction to the Vietnamese đồng (VND)
What is money called in Vietnam? The recognized currency in Vietnam is the Vietnamese đồng (VND). For those exploring Vietnam for the first time, gaining insight into currency exchange rates and remembering a few guidelines for money exchange is crucial before engaging in transactions. Familiarizing yourself with these aspects ensures a smoother financial experience during your initial travels through Vietnam.
2. Brief history and development of the currency in Vietnam
In the period of French rule in Indochina, the official currency was the Piastre, commonly known as "bac." Subsequently, colonial authorities introduced Mexican coins, initially weighing 27.73 grams, followed by the Dong Duong coin, which weighed 27 grams.
Besides the coins mentioned earlier, The Indochina Bank also made paper money that had pictures of three girls wearing traditional clothes from Vietnam, Laos, and Cambodia.
Vietnamese Dong
The history and development of the currency in Vietnam trace back to significant milestones in the nation's economic and political landscape. The official currency, the Vietnamese đồng (VND), was introduced in 1978, replacing the Southern đồng and establishing a unified monetary system following the reunification of North and South Vietnam.
The story of the Vietnamese đồng shows how strong and flexible Vietnam has been, going through different stages and making progress in the world economy.
III. Currency Denominations
1. Overview of different denominations of VND
Denominations of the Vietnamese đồng (VND) reveal a diverse range of banknotes and coins. Featuring distinctive designs and historical elements, the paper currency is available in denominations including 1,000 VND, 5,000 VND, 10,000 VND, 20,000 VND, 50,000 VND, and 100,000 VND. The comprehensive currency system for daily use in Vietnam.
2. Commonly used banknotes
Denominations Vietnamese dong
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IV. Currency Exchange
1. Banks
* Advantages
* Drawbacks
Note : It is advisable to utilize state-affiliated banks such as Agribank, SBV, Vietcombank, Viettinbank, BIDV, ...
Currency exchange at bank
2. Money exchange shops inside or around tourist attractions, at hotels and at airports
* Advantages:
* Drawbacks:
Note: All international airports support foreign currency exchange services: Noi Bai International Airport, Tan Son Nhat International Airport,..
Currency exchange at international airport
V. Exchange Rates
Is $100 a lot of money in Vietnam? Below is the answer, exchange rates fluctuate daily, and the provided rates reflect the currency exchange values on Vietcombank website.
VI. Tips for handling currency in Vietnam
1. Practical advice for travelers
2. Cultural considerations when dealing with money
The Vietnamese currency features images of national leaders and symbols
VII. Development of contactless payment in Vietnam
Currently, there are several international payment card issuers worldwide and in Vietnam, but the most popular in Vietnam are three international organizations: VISA, MasterCard, and JCB. You can distinguish the types of cards issued by these three organizations through the logo printed on the front, in the bottom right corner of the card.
International payment cards
In the present era, Vietnamese banks have embraced QR code payments, while on the international front, widely acknowledged credit cards like Mastercard, Visa, and JCB provide extensive usability globally. These cards facilitate transactions not only at conventional point-of-sale (POS) machines but also at those adorned with the distinctive logos of Mastercard, Visa, and JCB brands.
Understanding currency in Vietnam and managing payments while traveling is crucial for a smooth experience. If you're exploring bustling cities or serene landscapes, adapting to the local currency and payment methods enhances your journey. Make the most of your Vietnam adventure with Auasia Travel by staying informed and making wise choices in handling your finances. Safe travels.
Currency In Vietnam
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