What is the local currency?
Vietnam Dong (VND).
What denominations does it come in?
In 2004, Vietnam introduced coins for smaller transactions. These are in the form of 200, 1,000 and 5,000 Dong. Other paper denominations include 1,000; 2,000; 5,000; 10,000; 20,000; 50,000; 100,000; 200,000 and 500,000.
What is the best way to exchange currency?
Go to a bank or money changer.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Cash (Vietnamese Dong).
Will I be able to use my credit card around town? If not, list when I’ll need cash.
Most places accept credit cards, however, they will levy a 3 to 5 per cent service charge. Smaller local markets only accept cash.
By what method are bills (such as rent and utilities) paid?
Most bills are paid with cash.
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
To open a bank account you need to provide the following:
- White entry card or clear entry stamp
- Proof of residency
For example, you may present a telephone or utility bill.
The amount required for the initial deposit will vary depending on the account type and the bank.
Accounts are easy to open, though you should do this as quickly after arrival as possible.
Will foreign residents be able to find banking services in their native languages?
Are there any restrictions on services for those who are new to your country?
What are typical banking hours?
Banks are usually open from 8:30 a.m. to 5:00 p.m. from Monday to Friday and 8:30 a.m. to 12:30 p.m. on Saturday. The automatic teller machines (ATMs) are available for after-hours withdrawals.
Are automatic teller machines (ATMs) available around the clock?
Is there any other money information that might help me?
US dollars can be used and changed everywhere, but Vietnamese Dong (VND) cannot be used or changed outside the country.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.