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Money & costs

Money

Currency

The currency of Vietnam is the DONG (VND).

Notes are available in paper denominations of 500,000; 200,000; 100,000; 50,000; 20,000, 10,000, 5,000 and 1,000.

US dollars remain widely accepted everywhere, but you should have local currency to use in taxis and shops. However, the bills must be relatively new, with no markings or tears.

Traveler’s cheques are easily exchangeable in banks. At commission fee of at least 2% is charged to exchange them into dollars. Credit cards are becoming more popular, especially in the major hotels, restaurants, and cloth shops of Hoi An town. Some ATM machines around the ancient town can accept Visa and Master Card, and some places -  especially travel agencies – charge up to 3% commission fee on credit cards.

Cash

ATMs are everywhere in Hoi An. There aren’t so many in the old town but around Le Loi St and Tran Hung Dao St there are literally dozens of options. They can be a little unreliable at times with outages so make sure you keep enough cash on hand.

Keep in mind that many of the smaller traveller hotels on Ba Trieu St only accept cash - a big pain when you’ve stayed in town long enough to have a sizeable bill. Those that accept credit cards will often whack on a 3 - 5% surcharge. Diners and Amex seem to attract the highest surcharges. Wonder why?

Typical Costs

Hostel Prices –  There aren’t many hostels in Hoi An but there are plenty of cheap hotels to make up for this.

Budget Hotel Prices – Accommodation is inexpensive here with a night in a budget hotel costing from $15 for a double room.

Average Cost of Food –  Street food starts at $.75 USD per meal. Food in restaurants starts at $1.50 USD and goes upward from there.

Transportation Costs –  Everywhere in Hoi An is within walking distance so it’s unlikely you’ll spend much on transportation here.

Money Saving Tips

Cooking lessons – If you enjoy the food at a certain restaurant, ask for cooking lessons. These are often cheaper than the cooking schools.

Camp on Cham Island – If you’re heading to Cham Island on a diving trip, it’s possible to save money on accommodation by camping on the beach.

Eat Across the River Hoi An is split in two by a small river. One side is very touristy, one side is very local. Move out of the main center and across the river for better food and drink deals as the locals here never get as many customers as the main city area.

Shop Around – There are hundreds of tailors in Hoi An. If you’re having clothing made, check prices with a few places before settling on one.

Most of hotels, resorts in Hoi An have these services. You can implement in some addresses:

Vietinbank
Add: 04 Hoang Dieu St, Hoi An 
Tel: (+84.510) 3861340

Agribank
Add: 92 Tran Phu St, Hoi An 
Tel: (+84.510) 3864300

Dong A Bank
Add: 592 Hai Ba Trung St, Hoi An
Tel: (+84.510) 3863459

Techcombank 
Add: 40 Tran Hung Dao St, Hoi An
Tel: (+84.510) 3917887

ACB - Asia Commercial Bank
Add: 24 Cua Dai St, Hoi An
Tel: (+84.510) 3914635

Sacombank
Add: 29 Tran Hung Dao St, Hoi An
Tel: (+84.510) 3911031

Military Bank
Add: 25 Tran Hung Dao St, Hoi An
Tel: (+84.510) 6260111

BIDV Bank
Add: 580 Cua Dai St, Hoi An
Tel: (+84.510) 3915181

Vietcombank
Add: 02 Tran Cao Van St, Hoi An
Tel: (+84.510) 3916375

See more Hoi An travel guide at here.