Getting good value on your money in Hanoi is easy once you know where to go. Here's how the main options — the famous gold street, banks and ATMs — compare for rates, fees and safety.
1. Ha Trung Gold Street
Hanoi's gold and currency shops, clustered around Ha Trung, often give the best exchange rates in the city, especially for major currencies. Reputable and widely used by locals.
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2. Banks
Banks offer secure, official exchange with fair rates, though they can be slower and may want your passport. A safe, straightforward option.
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3. ATMs
Convenient for withdrawing dong directly, but watch for per-transaction fees and withdrawal limits. Withdraw larger amounts to minimise fees, and use bank ATMs.
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4. Getting the Best Value
For cash exchange, the gold shops usually win on rate; for convenience, ATMs; for security, banks. Compare rates and avoid airport and hotel desks, which are poor value.
5. Safety & Counting
Count your money carefully, be aware of the many zeros on dong notes, and keep large amounts secure. Exchange only at reputable places.
6. Frequently Asked Questions
Q: Where's the best place to exchange money in Hanoi?
A: The gold shops around Ha Trung street usually offer the best rates. Banks are secure; ATMs are convenient but charge fees.
Q: Should I use ATMs or exchange cash?
A: ATMs for convenience (mind the fees, withdraw larger amounts), cash exchange at gold shops for the best rate. Avoid airport and hotel desks.
Q: Is exchanging at gold shops safe?
A: Yes — the reputable Ha Trung shops are widely used by locals. Count your money carefully and mind the zeros on dong notes.