Travel Money Guide: Vietnam

Rates and Fees verified correct on October 25th, 2016

Everything you need to know about using cash and cards in Vietnam

Forget the sunscreen and swimsuit; planning your travel money options should be on top of your Vietnam holiday prep list. The official currency of Vietnam is the Vietnamese dong (VND). Although the dong is tied to the US dollar, you will be fine taking Australian dollars and exchanging AUD to VND when you arrive. Prices are often quoted in US Dollars in tourist areas; however, you won’t have a problem using dong. If you take USD to Vietnam, you’re going to pay twice to exchange your money, which is an unnecessary cost. Use our comprehensive guide to compare your options and find the right way to take your cash on your Vietnamese adventure.

Which option is right for your next trip?

Bankwest Zero Platinum MasterCard

Bankwest Zero Platinum MasterCard

$0 foreign transaction fee with a $0 annual fee.

  • $0 p.a. annual fee
  • 17.99% p.a. on purchases
  • 2.99% p.a. for 9 months on balance transfers
  • Cash Advance Rate of 21.99% p.a.
  • Up to 55 days interest free

Compare travel cards for Vietnam

Rates last updated October 25th, 2016
Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Annual fee
Bankwest Zero Platinum MasterCard
An introductory offer on balance transfers with $0 annual fee. Complimentary travel insurance & 24/7 Concierge service and $0 foreign transaction fees.
0% of transaction value $0 $0 p.a. Go to site More info
28 Degrees Platinum MasterCard
Benefit from no international transaction fees on purchases, no currency conversion fees and no annual fee.
0% of transaction value $0 $0 p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Receive 50,000 introductory bonus Qantas Points when you apply before 30 November 2016. Earn 0.50 rewards points per $1 spent on eligible purchases.
0% of transaction value $0 $160 p.a. Go to site More info
Rates last updated October 25th, 2016
Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
Flight Centre Key to the World Currency Card
Flight Centre Key to the World Currency Card
AUD, USD, SGD, NZD, JPY, THB, GBP, EUR, HKD, CAD USD 2.50, EUR 2.50, GBP 2.00, NZD 3.50, THB 80.00, CAD 3.50, HKD 18.00, JPY 260.00, SGD 3.50, AUD 3.50 1.1% of the total amount $0 Go to site More
Travelex Travel Card
Travelex Travel Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD Travelex does not charge an ATM withdrawal fee when you use your Travelex Multi-currency Cash Passport to withdraw currencies that are loaded on the card at overseas ATMs where MasterCard is accepted. The greater of 1.1% of the initial load / reload amount or AU$15.00 $0 Go to site More
Rates last updated October 25th, 2016
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Westpac Choice
$0 Overseas ATM fee when you withdraw from the Global ATM alliance network.
Mastercard $0 $2,000 No ATM fees when using St.George, Westpac, BankSA or Bank of Melbourne ATMs in Australia. Deposit at least $2,000 per month and enjoy no monthly service fee. Open More
St.George Complete Freedom Account
$0 Overseas ATM fee when you withdraw from the Global ATM alliance network.
Visa $0 $2,000 No account keeping fees, if you deposit $2,000 per month plus no minimum balance required. No ATM fees when using St.George, Westpac and BankSA ATMs. Open More
Bank of Melbourne Express Freedom
$0 Overseas ATM fee when you withdraw from the Global ATM alliance network.
Visa $0 $1,000 No ATM fees when you use Bank of Melbourne, St.George, Westpac and BankSA ATMs. No monthly fees if you deposit $1000 into your account each month. Open More
Bankwest Qantas Transaction Account
No overseas ATM withdrawal fees (charged by Bankwest), 3rd party ATM fees and international transaction fees may still apply.
Mastercard $0 $2,000 No monthly fees when you deposit at least $2,000 into your account each month. Free access to Bankwest and CommBank ATMs in Australia. No overseas ATM withdrawal fees (charged by Bankwest) though third party fees may apply. Open More
Citibank Plus Everyday Account
No international transaction fees and no overseas ATM withdrawals fees if you use a Citibank ATM overseas.
Visa $0 $0 No ATM fees using Citibank, Westpac, BankSA and St.George branded ATMs in Australia. Use overseas Citibank ATMs for free. More

How much dong do I need to bring to Vietnam?

Vietnam is a budget destination. Compared to Australia, accommodation, food and tourist activities cost a fraction of the price. If you have expensive taste, it’s easy to find a 5 star experience with prices to match.


Hostel dorm bed

$5 - $15 AUD per night

2 star hotel

$15 - $30 AUD per night

5 star hotel

$150+ AUD per night


Budget meals
at a cafeteria

$1.50 AUD

Western breakfast/lunch

$2.50 AUD

Western style steak

$25 AUD

cruiseSightseeing at
Hoan Kiem Lake and Turtle towerFree
Walking tour of Hanoi old town
$30 AUD per person
Halong Bay overnight cruise
$190 AUD per person

*Prices are approximate and are subject to change.

Exchange rate history (AUD to VND)

The Australian dollar has weakened against the dong in past years and sits at about pre-GFC levels. If you believe the trend of the weakening Aussie dollar will continue, you can lock in a rate using a prepaid travel money card or traveller’s cheques.

YearAverage annual exchange Australian Dollar (AUD) to Vietnamese Dong (VND)
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Travel card, debit card or credit card?

Credit cards can be used for big ticket purchases in Vietnam. For example, in Hanoi mid to high-end hotels, restaurants and retailers will take Visa and MasterCard branded products. American Express credit cards and prepaid travel cards are accepted in fewer places. Everywhere else you’ll need to pay with cash. Compare travel money products to take to Vietnam based on the cost to withdraw from ATMs. Credit cards can be used to make purchases, they should not be used to withdraw cash from an ATM. Use a debit card or travel card to withdraw cash.

Travel money options for Vietnam at a glance

Travel money optionProsConsiderations
Debit cards for travel
  • Can be used to shop over the counter, online and for ATM withdrawals in Vietnam
  • Protected by PIN & chip
  • Spending your own money means avoiding interest charges
  • International ATM withdrawal fees and additional currency conversion fees may apply
  • Not a credit product. No emergency funds available though a cash advance facility.
Prepaid travel money cards
  • Able to lock in exchange rate when you convert AUD to VND
  • Secured by PIN & chip technology
  • Emergency card replacement and backup cards
  • Easily reloadable via a secure online platform
  • Only 1 Australian product supports Vietnamese dong
  • Comes with back and front end fees such as card issue, initial load, reload and inactivity fees.
  • Some travel cards charge for inactivity fee
Credit cards for travel
  • Can be used for big ticket purchases in Vietnam
  • Protected by PIN & chip
  • Accepted worldwide
  • Some credit cards offer complimentary travel insurance
  • Interest-free days when you pay your account in full
  • Emergency card replacement
  • Interest fees and cash advance charges apply upon cash withdrawal
  • Card scheme zero liability guarantees don’t apply in a credit card with a positive balance
  • Higher spending limit (depends on your approved credit limit)
  • Attracts an annual fee
Traveller's cheques
  • Security is the main advantage - Cheques have unique serial number and can only be cashed with photo identification
  • Availability to cash at banks
  • Secure and can be easily replaced if lost or stolen
  • Card schemes such as MasterCard give you a money back guarantee if you’re a victim of card fraud
  • Institutions charge a commission to cash traveller’s cheques
  • Fees for purchasing and cashing traveller's cheques may apply
  • Currency exchange rate varies over time
  • Greater payment flexibility
  • Convenience
  • More difficult to manage expenses
  • Higher risk of theft
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How travel money products work in Vietnam

Using credit cards

A travel friendly credit card will waive the additional charge for currency conversion. Two financial institutions which provide products offering this feature: GE Money and Bankwest. The 28 Degrees MasterCard is a favourite credit card product in the travelling community. This card doesn’t charge for currency conversion when you use it in Vietnam, and it doesn’t charge an annual fee. Similarly with Bankwest platinum credit cards. Bankwest also don’t charge a fee for international ATM withdrawals when you use their platinum products.

However, interest fees and cash advance charges apply when you use your credit card to withdraw cash. You can avoid the cash advance interest rate and the cash advance fee when you load your own money onto your credit card. But remember, the card scheme zero liability guarantees don’t apply if you’re using your card which has a positive balance.

Using travel money cards

The Commonwealth Bank prepaid travel card is the only product available which supports spending in Vietnamese dong. Prepaid travel cards such as the Qantas Cash and do not charge a currency conversion fee when you spend in a currency not held on the card. However, most other products will apply a fee in this instance, which is as high, if not higher, than the fee you’ll pay using a regular debit card in Vietnam.

Another benefit of using a travel card overseas is the supplementary card you can use if your primary card is lost or stolen. Being able to lock in your exchange rate when you convert Australian dollars to Vietnamese dong is another upside that comes with travel cards. These benefits come at the cost of back and front end fees such as card issue, initial load, reload and inactivity fees.

  • Tip: Financial institutions which provide a travel card also make money by applying a higher margin to the exchange rate. You can get a better rate using a debit card or credit card.

Using debit cards

A travel debit card could be a good travel money choice to take to Vietnam. You’re spending your own money, which means you avoid interest charges, and a travel friendly transaction account can waive the fees for currency conversion and international ATM withdrawals. The Citibank Plus is one such account. Citibank waive the fee for international ATM withdrawals, the fee for international ATM withdrawals and don’t charge a monthly account keeping fee.

  • Tip: A debit card can be used to shop over the counter, online and for ATM withdrawals in Vietnam.

Using traveller's cheques

Security is the main advantage of using traveller’s cheques. Each cheque has an unique serial number and can only be cashed with photo identification. Price is the main disadvantage. Institutions charge a commission to cash traveller’s cheques — Vietcombank will not charge a commission to cash cheques, you’re better off using a debit card or travel card which lets you make cheap or free ATM withdrawals to get dong.

Taking cash with you

Cash is king in Vietnam, so you’ll need cash for most transactions. Make sure the VND banknotes you get back are not torn or damaged. VND is paper money and more fragile than Australian dollars. Many restaurants and shops won’t accept damaged banknotes, so it’s important to place your cash carefully in your wallet.

Exchanging cash

You can get Aussie dollars changed to dong at banks, Vietcombank doesn’t charge a commission. The money changing black market is easily accessible, and illegal, so always get your money changed at a licensed institution such as bank or money changer. The exchange rate is better than the black market and, more importantly, legal.

Using an ATM

MasterCard and Visa cards can be used to make cash withdrawals from the majority of ATMs in Vietnam. The maximum withdrawal limit varies depending on the machine. Machines from banks with a presence in Australia such as HSBC, Citibank, ANZ and CBA have a higher daily withdrawal limit (6,000,000 - 10,000,000VND) compared to ATMs from Vietnamese banks. You might also be charged ATM operator fee. 50,000VND is a common charge; however, Vietnamese banks can charge a lower fee (for a lower withdrawal limit).

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Dean’s trip to Vietnam

Dean spent two months in Southeast Asia. His trip in the region included a 1 month adventure in Vietnam. He flew from Cambodia to Ho Chi Minh, he finished his trip in Hanoi and took a bus to Laos. He was there for the Tet festival in December, which Dean says is not to be missed.

Where did you go?

Ho Chi Minh City, Mui Ne, Nha Trang, Hoi An and Hanoi.

What cards did you take?

Why did you take these cards?

Dean says he took the Citibank Plus Visa card because it doesn’t charge a fee for currency conversion, it has no monthly account fee. Most importantly, there is no international ATM charge from Citibank when he made ATM withdrawals. He took the Commonwealth Bank Low Rate because it offers interest free days, which gave him time to pay back some of his bigger purchases like flights.

Where could you use these cards?

Dean says Vietnam is a cash economy. He says that you can tell pretty quickly where you can and can’t use your cards, and if in doubt he says you can always ask. He used cash for most of his transactions in Vietnam. He says he used his card when he went shopping at department stores and businesses inside shopping centres. He also used his card to pay for a couple of nights stay in 2 and 3 star hotels too. The rest of the time he stayed in boarding houses, which were cash only. He also used his cards to pay for flights, but the bus ride out of the country was cash only.

Tell us about ATM withdrawals in Vietnam.

Dean says he made withdrawals from Vietnam bank ATMs when he could. He says there was a charge of about $3 - $4 dollars each time he made a withdrawal from a non-Citibank ATM. He says he didn’t have any trouble using ATMs affiliated with the following banks: CBA, ANZ, BIDV, Techcom and Vietcombank. Dean says he was charged the local ATM operator fee when he used his Citibank Plus Visa to make an ATM withdrawal except when he used a Citibank ATM. Furthermore, he says Citibank had the highest ATM daily withdrawal limit of 8,000,000VND or about AUD$400.

What are your travel money recommendations for Vietnam?

Dean says the Citibank Plus is a traveller’s best friend. Regularly, ATM withdrawals can cost up to $20 each transaction. The $5 charge for international ATM withdrawals and a $10 fee for currency conversion (for withdrawals of a couple of hundred at a time) can be avoided using the Citibank Plus. He says a card with no currency conversion fee and no international ATM withdrawal fee is the best option.

Do you have any other travel money tips?

Dean says make sure you do the following:

  • Tell your credit card and debit card provider about your travel plans in Southeast Asia.
  • Make sure you’re covered by travel insurance.
  • You’re going to have a bit of cash on your person. Use a money belt when you’re out and keep any valuables in a safe (if your accommodation offers one).
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A guide to the Vietnamese dong banknotes

The Vietnamese dong is the major currency used in Vietnam. The dong comes in these denominations: 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000 and 200,000. The notes are different colours. Double check to make sure you pay the right amount and you get the right change back. Familiarising yourself with how the currency works and looks (using the images below) will help you avoid confusion when handling your money on your holiday.

1,000 dongimage042,000 dongimage00
5,000image0110,000 dongimage02
20,000 dongimage0350,000 dongimage06
100,000 dongimage07200,000 dongimage05

Buying Vietnamese dong in Australia

While you’ll get a better rate if you wait to get Vietnamese dong in Vietnam, you can purchase dong in Australia from your bank or a foreign exchange provider such as Travelex. If you’re flying into Vietnam directly, and you want to get a Visa On Arrival (VOA), you’re going to need to pay a fee when you pass through customs. There are ATM facilities at Vietnam’s international airports, so you’ll save time if you have some dong in your pocket when you land. Have a look at the following institutions if you want to exchange cash in Australia.

Australia Post and Travelex also have foreign exchange locations at international airports in Australia where you can pick up dong before you get on the plane.

Find cash, banks and ATMs in Vietnam

Click here for a list of Citibank ATM locations worldwide

Why you’ll need a combination of travel money options

You’ll need a product which lets you withdraw cash from ATMs without too many added costs. Although card acceptance is on the rise in major Vietnamese cities, you won’t be able to use your credit card, debit card or travel card to make over the counter purchases in the majority of places throughout Vietnam. A credit card is an essential item to take with you on holiday to Vietnam. As well as the security of a line of credit, you’ll also receive peace of mind if you pick up a card that offers complimentary travel insurance and increased rewards earn rates when you use your card overseas.

Vietnam is a popular destination for Australian travellers. Hundreds of thousands of Aussies visit the country every year keen to experience the country’s natural beauty and rock bottom prices. If you have any questions about travel money in Vietnam, get in touch with us the form at the bottom of this page.

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This page was last modified on 18 May 2016 at 16:52.

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