8/26/2023 0 Comments Vietnamese money to usd![]() The cons include counterfeits and low exchange rates. The only benefit of the black market is the convenience. Although the black market is illegal, it still exists thanks to weak law enforcement. Many shops happily exchange money, commonly US dollar for Vietnamese Dong and vice versa. In Vietnam, the black market operates quite liberally. In addition, it is considered illegal and unsafe. Although it is convenient and simple, the prices are relatively low. They can ask receptionists at hotels, tour guides, waiters at restaurants or bars in backpacker areas, owners at AirBnb to exchange currencies. Sometimes, travelers need to exchange $50-100 USD into Vietnamese Dong but do not have time to go to bank branches or money changers. Exchange currency with a Vietnamese citizen It is a good choice to exchange currency at gold shops which can do the exchange legally because gold shops usually offer high exchange rates. Not all gold shops in Vietnam are allowed to exchange currency. Prior to September 2019, there are more than 1,300 branches, occupying 50% of the bank branches in the entire country. The top banks having the largest numbers of branches in Vietnam include Agribank, LienVietPostBank, VietinBank, BIDV, Sacombank, Vietcombank, ACB, Techcombank, SHB, MB Bank, Maritime Bank. Shinhan Bank and Standard Chartered Bank are good foreign banks in the country. Most trusted Vietnam’s commercial banks in 2019 listed by Vietnam Report include Vietcombank, VietinBank, Techcombank, BIDV, MB Bank, VPBank, Agribank, ACB. *Note: if the after clicking a link with English note but the language is in Vietnamese, find a language bar at the top or bottom of the website to change the language into English.
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