• The Best Places to Exchange Money in Hanoi

    Le CongFebruary 8, 2019
    1066 views

    Last update on September 14th, 2023

    Last year, I hosted a French Quarter walking tour for a guest from the US. He was very stressed when he told me that he couldn’t withdraw money from the ATM. Once he found an ATM, the fee was very high. He decided to go to a local bank to exchange dollars for VND, but the rate was very low and there was a lot of paperwork.

    To help others avoid this situation, I am writing this article. Hopefully, it will help you prepare better before coming to Vietnam.

    The official currency in Vietnam is Dong (VND). Banknotes are issued in 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 dong. 20,000 and 500,000 bills look quite similar, so you must be careful when you exchange or use them.

    You can exchange money at the airport, where currency exchange services are available. However, the exchange rates are as high as these in the city.

    Money exchange shops and jewelry stores may be the best options to get the most favorable rates. You can quickly look for these shops in the Hanoi Old Quarter. Another more secure option for you is to exchange money at Bank branches or ATMs.

    Almost all banks in Vietnam also have a foreign currency exchange service. But it takes a longer time to get a transaction because you need to finish some information and present the required documents.

    There are many local banks in the Old Quarter, but it is not recommended to exchange money at the bank since you will get a very low exchange rate and have to fill out a lot of paperwork.

    The major currencies widely accepted at Hanoi’s forex shops include USD, EUR, GBP, AUD, CAD, SGD, JPY, and HKD.

    Here are the best options to exchange money in Hanoi:

    Airport and Banks – Money Changers

    Noi Bai International Airport is a place you should consider first because of its convenience. Still, the rates in these airports are lower. Therefore, the airport is not favorable if you don’t need to have some Vietnam Dong immediately for taxi fares.
    However, tourists are recommended to go to bank branches since their exchange rates are pretty competitive. On the other hand, you have to spend quite some time here waiting and filling out the required forms to ensure security. You should use Vietinbank, Vietcombank, Techcombank, VIB, HSBC, and BIDV. Commonly accepted currencies are JPY, USD, HKD, EUR, etc. In addition, you can find an ATM located on the streets of Hanoi, helping you transfer money more efficiently.

    Tips:

    • Remember to bring your identification documents such as ID or passport when coming to the banks.
    • Each bank has its opening hours and rates; the business is open from 8 AM to 5 PM, with a lunch break, or to ensure tourists had better contact the bank first to look for needed information and compare the rates among banks.
    • I usually check the exchange rate on Google before comparing it with the rate offered at the shop. For instance, in September 2023, I found that the Google rate was 24,000 VND for $1, and the shop gave me a great rate of 23,000 VND for $1.
    Photo: Exchange money at Noi Bai International Airpot

    Where to exchange money in Hanoi?

    The Old Quarter is the leading tourist destination in Hanoi, with Hoan Kiem Lake as the centerpiece. The atmosphere of the place is super vibrant, with many kinds of activities day and night. Any kind of services that one needs in Hanoi can be found here. So it is not hard to buy local currency in the area. Join our Hanoi Old Quarter Tour to experience the best of this area.

    Gold dealers and tour operators mainly offer forex service in the Old Quarter. As a result, their rates are often better than banks’ rates.

    You can find these gold shops along Ha Trung and Hang Bac streets. Most of them only exchange US dollars and are open from Mondays to Saturdays.

    RECOMMENDED MONEY CHANGERS – Money Changers on Hang Bac Street and Ha Trung Street in the Old Quarter

    Ha Trung Street is home to numerous jewelry shops that offer the best rates.

    1) Quoc Trinh Gold Shop

    This shop is just 2 minutes on foot from the Vietnam National Tuong Theater
    Address: 27 Ha Trung, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3826 8856
    Opening hours: Sunday to Friday 08:00 – 22:00

    2) Kim Linh Jewelry

    This store is located beside Queen Hotel Hanoi, which is a 2-minute walk from Hanoi Ancient House
    Address: 67 Hang Bac, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3825 3649
    Opening hours: Monday to Saturday 8:30 – 18:00

    Hang Bac street is also the best place to exchange money.

    3) Tu Binh Jewelry

    It is located across Queen Hotel Hanoi
    Address: 54 Hang Bac, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3824 9799
    Opening hours: Monday to Saturday 08:30 – 17:00

    4) Hanoi Money Exchange

    This shop is just 5 minutes on foot from Hoan Kiem Lake
    Address: 19B Hang Be, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3990 1733
    Opening hours: Monday to Saturday 09:00 – 18:00*

    5) Phu Van Jewelry

    It is located across Vietnam Guesthouse
    Address: 25 Luong Ngoc Quyen, Hang Buom, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3926 1764
    Opening hours: Monday to Saturday 09:00 – 18:00*

    6) Manh Hung Jewelry

    Its location is just a 3-minute walk from Vietnam National Tuong Theater.
    Address: 51 Ha Trung, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3938 2251
    Opening hours: Daily 08:00 – 19:00

    *Opening hours may vary. Call first before visiting.

    Our Tour Guide can assist you during your Hanoi Vegetarian Food Tour – one of the best options for vegan food when visiting Hanoi.

    Bank Branches in Hanoi Old Quarter

    Most bank branches in the Old Quarter in Hanoi are clustered around Hoan Kiem Lake and near Dong Kinh Nghia Thuc Square. Banks are the option to go for if you are looking for a more secure transaction and exchange rates are not your highest priority. Among many banks available in the Old Quarter, Vietcombank, Vietinbank, and Techcombank are the most popular. A bank account is not required for a transaction, but an identification document must be.

    Photo: Exchange money at a bank

    RECOMMENDED BANK BRANCHES:

    1) Vietinbank on Ly Thuong Kiet

    This branch is just a 2-minute walk away from the Vietnamese Women’s Museum
    Address: 25 Ly Thuong Kiet, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3826 7112
    Opening hours: Monday to Friday 08:00 – 17:00

    2) Vietcombank on Cau Go

    This branch is located on the north side of Dong Kinh Nghia Thuc Square
    Address: 110 Cau Go, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3926 1236
    Opening hours: Monday to Friday 08:00 – 17:00

    We often host tours where guests walk around trying different ATMs to withdraw cash, but based on our experience, thisATM in Hanoi is the best.

    3) Techcombank on Bat Dan

    This branch is located near the Hanoi Friendly Hotel
    Address: 34 Bat Dan, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3923 2932
    Opening hours: Monday to Friday 08:00 – 17:00, Saturday 08:00 – 12:00

    4) Vietnam International Bank (VIB) on Dinh Tien Hoang

    This branch is located at the north side of Hoan Kiem Lake near Dong Kinh Nghia Thuc Square
    Address: 49 Dinh Tien Hoang, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 3938 2180
    Opening hours: Monday to Friday 08:00 – 17:00*

    5) SHB on Hang Hanh

    This branch is located near Dong Kinh Nghia Thuc Square and Golden Lakeside Hotel
    Address: 8 Hang Hanh, Hoan Kiem District, Ha Noi, Vietnam
    Phone: +84 4 6270 0420
    Opening hours: Monday to Friday 08:00 – 17:00*

    *Opening hours may vary. Call first before visiting.

    Reliable money changers in other areas of Hanoi

    There are also reputable gold dealer shops outside the Old Quarter that provide professional currency exchange services. Vang Bac Hoang Tin gold shop – located near Kim Ma bus station, and Bao Tin Minh Chau – near Bay Mau Lake are the most visited places. Both shops are open daily.

    RECOMMENDED MONEY CHANGERS:

    1) Vang Hoang Tin Gold Shop

    This shop is just a 2-minute walk from Kim Ma bus station
    Address: 124 Nguyen Thai Hoc, Ba Dinh District, Ha Noi, Vietnam
    Phone: +84 4 3733 7425
    Opening hours: Mon to Sat 08:00 – 18:00, Sat & Sun 08:30 – 18:00

    2) Bao Tin Minh Chau

    Its location is a 3-minute walk away from Bay Mau lake
    Address: 29 Tran Nhan Tong, Hai Ba Trung District, Ha Noi, Vietnam
    Phone: +84 4 3822 6999
    Opening hours: Daily 08:00 – 20:00

    3) Kim Chung Gold Shop

    This shop is located near Thai Ha Church and Dong Da General Hospital
    Address: 24 Tay Son, Dong Da District, Ha Noi, Vietnam
    Phone: +84 97 535 25 86
    Opening hours: Monday to Saturday 09:00 – 18:00*

    4) Bao Minh Jewelry

    It is situated beside the Polonez Hotel
    Address: 4B Tran Nhan Tong, Hai Ba Trung District, Ha Noi, Vietnam
    Phone: +84 4 3944 6934
    Opening hours: Monday to Saturday 09:00 – 18:00*

    *Opening hours may vary. Call first before visiting.

    Travel is not only about creating fun memories and taking a break from work, but it can also be an opportunity to learn about the history and culture of the locals. Vietnam has a long history, but most people usually associate it with the famous war. Join us in the Hanoi not-to-go-alone areas & stories from Vietnam War to explore the less-known places of the city and learn about the war from the perspectives of young Vietnamese locals. We are sure that you will gain a better understanding of Vietnam by the end of your journey.

    Photo: Kham Thien Memorial site

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