The dong is the currency of Vietnam. ATMs frequently offer 2 million dong withdrawals. This takes some getting used to. You will learn to count zeros backward from right to left to determine if you are holding a 1,000- or 10,000-dong note in your hand. U.S. dollars are accepted in most locations, but you'll have a better time negotiating a good price if you stick to the dong.
The easiest way to obtain local currency is through ATMs, which are found throughout the country in towns and cities. ATMs only dispense dong, never U.S. dollars. Banks and better hotels also offer exchange services, but the rates won't be as favorable. Do not change money on the street. All major credit cards can be used in more upscale locations but are rarely accepted in smaller shops and restaurants. Any credit card transactions will incur a 3% or 4% surcharge on the purchase price. As ATMs become more widespread, traveler's checks are becoming less negotiable and will be subject to at least a 2% surcharge where they are accepted.
Do spend down all your dong before leaving Vietnam, because dong cannot be converted back into American or Canadian currency, nor is it possible to exchange dong for the currency of any neighboring countries.
Banking Hours
Banks are open Monday-Friday 8 am-3 pm.
Tipping
Tipping is fairly new in Vietnam, and it's more commonly seen in the southern part of the country. Gratuities usually aren't necessary in inexpensive restaurants, but even a small tip will be greatly appreciated. If you're going to visit a restaurant regularly, a tip is a worthy investment to ensure prompt service. Upscale places will often tack on a 5%-12% service charge. Tips for taxi drivers are purely optional (and most appreciated, however small). Good service should always be acknowledged with a small tip left behind on the table.
