Where to Exchange Money in Vietnam

First, understand which exchange rate you are looking at

Banks usually publish several columns: cash buying, transfer buying, and selling. A traveller holding US-dollar banknotes should look at cash buying: how many dong the bank pays for physical USD. Comparing that number with the selling rate can make the spread look like a mistake when it is simply the other side of the transaction.

Where is it safer to exchange money?

1. Bank. Usually the most transparent option: published rates, a cashier, and a documented transaction.
2. Authorised exchange agent. These outlets operate under approval and a credit institution's authorisation; the rate and agency status should be clearly displayed.
3. Airport. Convenient for a small amount on arrival, but not automatically the best rate for your full travel budget.
4. Hotel or tourist business. It may legally act as an exchange agent if authorised; compare the rate before committing.

How to compare two exchange counters in one minute

1. Use one reference amount, for example 100 USD.
2. Ask exactly how many VND you will receive after all fees.
3. Compare the answer with the current cash-buying rate at a major bank.
4. If the difference looks unusually large in either direction, ask again about fees or conditions.
5. Count the cash at the counter before leaving.

US dollars, euros or Russian rubles?

USD and EUR are generally easier to exchange because they have deeper local markets. Some Vietnamese banks, including Vietcombank, publish RUB quotes, but that does not mean every branch buys physical ruble banknotes. A RUB line in an exchange-rate table can refer only to non-cash transactions.

Which banknotes are best?

Worn, torn, written-on, or heavily damaged banknotes may be rejected or valued less favourably. Before travelling, set aside clean, intact notes. For larger amounts, do not exchange everything in one place just for a slightly better rate; convenience and security also matter.

Cash or card?

Even if your main payment card works in Vietnam, a small reserve of cash in VND remains useful. Markets, small cafés, parking, and local services may accept only cash or domestic bank QR payments. A practical setup is to keep more than one payment method rather than relying on a single card.

If your money is still in a Russian bank

You may have money in Russia but need VND in Vietnam. In that case, exchanging cash locally will not solve the transfer. EXFM is one online option to check for this transfer. Before sending money, request the current quote, confirm the final amount in VND, the payout method and the terms of your specific request.