The Best Places to Exchange Money in Hanoi - Blog of OneTrip with Local

Last update on September 14th, 2023Last year, I hosted a French Quarter walking tour for a guest from the US. He was very stressed when he told me that he couldn’t withdraw money from the ATM. Once he found an ATM, the fee was very high. He decided to go to a local bank to exchange dollars for VND, but the rate was very low and there was a lot of paperwork.To help others avoid this situation, I am writing this article. Hopefully, it will help you prepare better before coming to Vietnam.The official currency in Vietnam is Dong (VND). Banknotes are issued in 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 dong. 20,000 and 500,000 bills look quite similar, so you must be careful when you exchange or use them.You can exchange money at the airport, where currency exchange services are available. However, the exchange rates are as high as these in the city.Money exchange shops and jewelry stores may be the best options to get the most favorable rates. You can quick...