Updated 6 April 2018. If you are looking for the locations that offers the highest exchange rate, please scroll down further.

There are many money changers in Ho Chi Minh City.

  • Official Money Changer
  • Hotel Reception (Require to produce passports at some)
  • Gold jeweler shop (can be illegal! but nobody cares!)
  • Banks

The gold smith shops around Ben Thanh Market offers one of the highest rates. Those counters at the airport offers some of the worst rates.

If you just arrived at the airport, there are rows of money changers after the custom check where they scan your luggage. These money changers do not have the best rate but it is essential to change some money for taxi to the city, and if it is night arrival you may want to change enough to cover dinner and other activities until you can find a good money changer (please see below for the best rate) the next day.

  • Taxi cost no more than US$10 one way to anywhere within district 1.
  • Dinner should cost no more than US$5 in a restaurant per person.
  • Taxi within the city should not cost more than US$5.
  • Beer should cost no more than US$2.

But the golden question is: “Who gives the best rates in Ho Chi Minh City”. There are two places that gives the highest rates to my knowledge.

Today’s rate

Currency data courtesy coinmill.com

Best Exchange Rate in Ho Chi Minh City Location 1

One is located within Ben Thanh market in District 1 near the west entrance (There are 4 main entrances). Enter via the West entrance.

This place always give the BEST rate. Period.

Upon entering via the West entrance, you will come across a row of shops that belongs to the Co-op. Proceed straight without turning for another 3 meters and turn right.

You can notice that the Co-op operated shops are more spacious than those individual shops.

After turning right, kept walking straight for about 6 meters. You will see a shop selling office tie for men. Turn left. There’s a little shop they have expanded to span two shops! Thanks to this blog!? The shop is different from the rest – they have no product on display but there is usually a queue outside the shop.

This shop is the Ben Thanh Money Changer. If you can’t locate the shop you can ask around the shops keepers.

The shop is run by a lady in her 40s and helped by a few other people. (If you can’t locate this shop, go to the money changer in location 2 just outside the West entrance.) This little shop’s money exchange volume is the highest easily higher than most commercial banks in Saigon!

The largest transaction I have ever witness was in the tens of thousands of USD. This shop closes on Sunday. You have to go to the shop described below if you intend to change on a Sunday.

Best Exchange Rate in Ho Chi Minh City Location 2

The second place that offers the next highest exchange rate is right outside Ben Thanh Market’s West entrance.

Standing outside the West entrance with the market behind you, you can see two gold jeweler shops in front across the street. The one on the right gives the second highest exchange rate in Saigon to my knowledge. However, sometimes their rate is not honest towards tourists.

Watch out for the constant harassment from beggars!

The trouble with booking a hotel in Vietnam is the language barrier or they practice price discrimination against western tourists. Even as an Asian tourist you will also face similar fate. Even for someone like me who speaks fluent Vietnamese I still prefer to book via Agoda. Not only their rate is always BETTER than walk in rates, the information provided on Agoda website is extremely helpful for making a right decision, especially the MAP! If a hotel is not listed on Agoda, then don't bother at all. 

Please help me by clicking on the banner below if you are seriously looking for a hotel, as I can get a referral fee which helps me fund my yearly hosting and domain name fee. TIA!

Published by Chi Siang

Hi! I am an avid planted aquarium fan and I live in Singapore. Beside writing for planted aquarium I also write travel guide on Vietnam. I used to work and live in Saigon for 6 years. I am married to my Vietnamese wife and we travel back to Saigon regularly.

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  1. A reminder, every full moon is a public holiday on top of the weekend holidays and gazetted holidays. Banks – public and private, money changer shops, and all government offices are closed, so you will need to change ALL your money at the airport if arriving that day.

  2. It’s good to plan before when you travel abroad. So rather exchange money before in your home town / city, than suffer after arrival.

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