Vietnam currency exchange guide: best places to exchange currency in Saigon

Planning a trip to Ho Chi Minh City? Knowing where to exchange your money is key to stretching your travel budget. Currency exchange in Ho Chi Minh City can fluctuate significantly depending on where you exchange your money — whether it’s at the airport, a local gold shop, a bank, or a hotel. These variations in the exchange rate of Vietnam currency can have a big impact on your travel budget, so it’s important to know where to go for the best rates. By staying informed and choosing the right exchange locations, you can avoid bad deals and ensure you’re getting the most value for your money.

1. Understanding Vietnam currency

Mastering the Vietnamese Dong: Know the currency for a smooth trip in Vietnam

Vietnam’s currency is the Vietnamese Dong (VND), so carrying hundreds of thousands feels normal but won’t make you feel rich 😄. Thanks to the high denomination bills, your wallet might look impressive, but don’t be fooled — a meal could easily cost you 100,000 VND, which is around 4 USD depending on the exchange rate of Vietnam currency.

Common paper denominations include:

• 10,000 VND ($0.39 USD) – Good for a street snack or small bottle of water
• 20,000 VND ($0.77 USD) – Gets you a cup of strong Vietnamese coffee ☕
• 50,000 VND ($1.93 USD) – Great for a bowl of pho
• 100,000 VND ($3.38 USD) – Covers a meal in a casual restaurant
• 200,000 VND ($7.79 USD)– Decent for shopping or date night
• 500,000 VND ($19.33 USD) – The “VIP bill” used for hotels or bigger buys
• Note: Exchange rates are estimates based on 4/2025 and may vary. Check live rates before exchanging.

Although Vietnam is quickly catching up with the digital world, cash still dominates in many places. Most small businesses, local eateries, and taxis prefer (or only accept) cash. You can use your card at big hotels, supermarkets, and shopping malls in cities like Saigon, but don’t count on it for your street food fix or market finds.

For the best currency exchange in Ho Chi Minh City, head to gold shops, exchange counters in District 1, or banks for more reliable rates. Try to avoid airport exchange kiosks unless you’re in a pinch — they usually don’t offer the best deal.

✅ Tip: Always check the live exchange rate of Vietnam currency online before changing money. Apps like XE (for Android) or Google can give you the latest rates so you know if you’re getting a fair deal. A quick check could save you from losing a few thousand Dong — which could buy you another coffee or two! ☕💵

>> Read more: 15 Things to Know Before Visiting Ho Chi Minh City, Vietnam

​​2. Best places to exchange currency in Ho Chi Minh City

Find the best spots for currency exchange in Ho Chi Minh City and get the most bang for your buck!

If you’re looking for the best currency exchange in Ho Chi Minh City, you’re in luck — Saigon offers plenty of reliable spots to swap your cash for Vietnamese Dong without getting ripped off 💸. The key is knowing where to go, what rates to expect, and how to avoid flashy signs offering “special deals” that are anything but special.

Here are some tried-and-true places for Vietnam currency exchange:

• Jewelry & gold shops (Tiệm vàng) – Surprisingly, many gold shops, especially around Ben Thanh Market and Nguyen An Ninh Street, offer excellent exchange rates — often better than banks. Just make sure it’s a legit, well-reviewed shop and not some shady hole-in-the-wall.
• Official banks – Banks like Vietcombank, or BIDV are trustworthy and transparent. Rates might be slightly lower than gold shops, and you may need to show your passport, but it’s a safe bet if you want peace of mind.
• Your hotel (sometimes) – Some hotels offer currency exchange, but the rate is usually less favorable. It’s fine for small amounts or in a pinch, but don’t count on it for your full budget.
• Airport exchange kiosks (Tan Son Nhat Airport) – Convenient if you need some cash right away (e.g. for a taxi or SIM card)

✅ Pro tip: Avoid changing large sums at the airport unless necessary. For better value, wait until you reach the city center. And always check the live exchange rate of Vietnam currency before making a transaction — a quick Google search or app check could save you enough for a few iced coffees and a bánh mì 🥖☕.

>> Read more: Vietnam Travel Itinerary: The Best 10-Day Travel Guide

Banks – safe & regulated

Banks offer secure currency exchange in Ho Chi Minh City

Banks are one of the safest and most regulated options for currency exchange in Ho Chi Minh City, making them a solid choice for travelers who like things official and receipt-friendly 💼. The rates are clearly posted, there’s no funny business, and your cash is in good hands. That said, the process can be a bit… slow.

You’ll usually need to bring your passport, fill out a form, maybe wait in a queue, and don’t even think about trying on a weekend — banks operate strictly on business hours. While not always the best place to exchange currency in Vietnam in terms of the absolute top rates, banks are a great option if you value security and peace of mind over a few extra dong. 🕒💸

>> Read more: Top 9 Reasons Why Vietnam Is Safe to Travel

Vietcombank

Reliable and secure currency exchange in Ho Chi Minh City with transparent rates

📍 Address: many branches you can find in Saigon

🕒 Hours: Monday to Friday

• Morning: 7:30 AM to 11:30 AM
• Afternoon: 1:00 PM to 4:00 PM

Vietcombank is one of the most well-known and trusted spots for currency exchange in Ho Chi Minh City, especially if you want something reliable, official, and backed by a reputable name 🏦. It’s not necessarily the fastest route to Vietnamese Dong — you’ll need your passport, and there might be a bit of paperwork — but you can count on transparent rates and regulated service. While it may not offer the highest rates in Vietnam, it’s a great choice if you prioritize safety over speed.

💡 Tip: Try to go early, bring your passport, and avoid lunchtime — both the staff and the Dong might be on a break.

BIDV

A trusted spot for safe and straightforward currency exchange

📍 Address: many branches you can find in Saigon

🕒 Hours: Monday to Friday

• Morning: 7:30 AM to 11:30 AM
• Afternoon: 1:00 PM to 4:30 PM

BIDV is another solid choice for currency exchange in Ho Chi Minh City, especially if you’re looking for a secure, no-nonsense transaction 🏦. As one of Vietnam’s major state-owned banks, BIDV offers regulated services with clearly posted rates, so there are no surprises — just don’t expect lightning-fast service. You’ll need your passport, possibly some patience, and ideally, a weekday morning that’s not too hectic. While it might not give you the absolute highest rate compared to gold shops, it’s a dependable stop for safe currency exchange in Vietnam.

💡 Tip: Beat the lunchtime rush and head there early — both the Dong and the staff appreciate a punctual visitor 😄

>> Read more: 20 Exciting Things to Do in Ho Chi Minh City You Can’t Miss

Gold & jewelry shops – best rates in town

Get the best exchange rates in Ho Chi Minh City, fast and hassle-free!

If you’re hunting for the best rates for currency exchange in Ho Chi Minh City, look no further than local gold and jewelry shops — yes, seriously! 💰 While it might seem odd to trade dollars for dong next to a display of necklaces, these shops often offer better rates than banks, especially for USD and EUR. They’re quick, efficient, and usually don’t ask for any ID, which makes the whole process feel refreshingly simple.

For savvy travelers looking to maximize their money, gold shops are a top choice for currency exchange in Saigon, just be sure to visit reputable ones to avoid any funny business with your hard-earned cash.

>> Read more: Top 10 famous places selling best banh mi in Ho Chi Minh City

Ha Tam jewelry

Where the best exchange rates sparkle brighter than the gold!

📍 Address: 2 Nguyen An Ninh Street, District 1 (near Ben Thanh Market) (Google map)

🕒 Hours: Open daily, 9:00 AM to 7:00 PM

Ha Tam Jewelry is a favorite among travelers looking for quick and competitive currency exchange in Ho Chi Minh City, especially if you’re near Ben Thanh Market and want a good deal without the paperwork hassle 💸. Known for offering solid rates — particularly for USD and EUR — Ha Tam is fast, friendly, and doesn’t usually ask for ID, making it a convenient stop for anyone who wants to stretch their travel budget. If you’re keeping an eye on the exchange rate of Vietnam currency and want to swap at a place locals trust, this shop is a great pick.

💡 Tip: Bring clean, undamaged bills for the best rates, and it’s always a good idea to check the live exchange rate online before you go!

>> Read more: Top 20 hidden attractions in Saigon Vietnam tourist may not know

Kim Mai Gold shop

Get more bang for your Dong with the best exchange rates in town!

📍 Address: 84C Cong Quynh, Pham Ngu Lao Ward, District 1 (Google map)
🕒 Hours: Open daily, 9:00 AM to 6:00 PM

Kim Mai Gold Shop is another excellent spot for currency exchange in Ho Chi Minh City, especially if you’re staying near the bustling Pham Ngu Lao area. This shop offers some of the best exchange rates in the city, and it’s perfect for travelers looking to avoid the long lines and paperwork at banks. With a friendly vibe and a quick process, you’ll have your Vietnamese Dong in hand before you know it. Just remember: clean, undamaged bills are key! Torn or marked currency may be rejected or lose value, so keep your cash in good condition for the best rates.

💡 Tip: Check the live Vietnam currency exchange rate online before you head over to ensure you’re getting the best deal!

Tan Son Nhat airport – convenient but pricey

Convenient for a quick exchange, but be ready to pay a little extra

📍 Exchange Booths: Available right after baggage claim in both International and Domestic Terminals

🕒 Hours: 24/7

If you need cash as soon as you land, Tan Son Nhat Airport has got you covered with its convenient currency exchange booths. While these booths are open 24/7, making them perfect for late-night arrivals or early flights, they’re not the best choice for a great deal. The exchange rates tend to be less favorable compared to what you’ll find in the city, so while it’s super convenient, it’s usually a bit pricey 💸. The booths are located right after baggage claim in both the International and Domestic Terminals, so you can grab some cash before heading out.

💡 Tip: Only exchange a small amount (~$10–20 USD) at the airport for immediate needs like taxis or SIM cards, then head into the city for better rates on currency exchange in Ho Chi Minh City.

>> Read more: Saigon Airport Transfer: Best Ways to Reach Ho Chi Minh City Center

Hotels – easy but poor rates

Expect rates that are a little less friendly to your wallet!

Most hotels in Vietnam offer currency exchange services, but let’s be real — the rates are typically not great. 🏨 While it’s super convenient to exchange at your hotel, you’re usually going to pay a little extra, with rates often 3–5% lower than market value. Luxury hotels like the Rex Hotel or Caravelle Saigon may offer in-house exchange, but they’re no exception when it comes to less-than-ideal rates. So, while it’s tempting to just swap cash at the front desk, it’s usually best to consider this option only if you’re really in a pinch.

💡 Tip: Only use hotel exchange services as a last resort. For the best currency exchange in Saigon, skip the hotel counters and seek out local banks or gold shops instead!

Comparison of Currency Exchange Options in Ho Chi Minh City

Here’s how to get the best bang for your buck in Saigon

Note: Rates are estimates and may vary. Always check live exchange rates before exchanging money.

When traveling to Vietnam, understanding how to manage your money is crucial. Currency exchange in Ho Chi Minh City can vary greatly depending on where you go — from the airport to gold shops, banks, and even hotels. These differences in exchange rates can impact your budget, so knowing the exchange rate of Vietnam currency is key to avoiding bad deals. Whether you’re looking for the best rates in bustling District 1 or figuring out where to exchange your dollars or euros for Vietnamese Dong, being informed will save you money and stress.

So, if you’re aiming for the best currency exchange in Saigon, make sure to head to trusted spots like local gold shops or established banks. Avoid exchanging large amounts at the airport or hotels unless absolutely necessary, and always check the live rates before making a transaction. If you need more help or want to consult, chat with Laka — we have local experts ready to assist you with your currency exchange needs! 💬

FAQs

1.Where is the best place to exchange currency in Ho Chi Minh City?
The best places for currency exchange in Ho Chi Minh City are local gold shops and banks like Vietcombank and BIDV. Gold shops often offer competitive rates, while banks are safe and regulated.

2. Is it okay to exchange money at the airport?
While currency exchange in Ho Chi Minh City airports is convenient, the rates are generally lower. Use airport booths for just enough cash to cover transport or emergencies, then find better rates in the city.

3. Do hotels offer good exchange rates?
Hotels can exchange currency, but they usually offer poor rates, often 3–5% below market value. It’s best to avoid hotel counters unless you’re in a pinch.

4. What documents do I need to exchange currency?
Most places, especially banks, require your passport for Vietnam currency exchange. Gold shops typically don’t ask for ID but bringing clean, undamaged bills is crucial.

5. How can I avoid getting a bad exchange rate?
Always check the live exchange rate of Vietnam currency online before exchanging money. Compare rates at banks, gold shops, and exchange counters for the best deal.

Written by Laka’s Local Expert