Money & Payments in Hoi An (2026)

Good to know

Good to Know

In Hoi An, always choose to withdraw in VND (not dynamic currency conversion) to avoid unfavorable exchange rates
Carry small VND denominations; nobody breaks large notes like 500,000 VND for tips
VPBank ATMs are known for being fee-free for foreign cardholders in Vietnam
Hoi An's bustling markets and ancient town require cash, especially for authentic local purchases
In tourist-heavy Hoi An, many upscale businesses add service charges to bills—check before tipping
Combine a mix of cash and cards for maximum flexibility; nomads needn't rely entirely on either
Unlock/lock your debit card via mobile app between ATM uses to prevent skimming fraud

Major Banks

Vietcombank (Vietnam Joint Stock Commercial Bank for Industry and Trade)
Type
State owned local
Notes
Largest bank in Vietnam. Wide branch network.
BIDV
Type
State owned local
Notes
Large with good expat services. Offers fee waivers for new customers.
HSBC Vietnam
Type
international
Notes
English-speaking support. Multi-currency accounts available. Minimum balance requirements: VND 300,000 per 12 months; VND 3 million monthly average for Personal Banking.

Bank Account Setup

Process: Most banks require in-person application at a branch. Some international banks (e.g., HSBC) allow online initial application but finalize in-person. Initial deposit required for account activation (varies by bank and account type).
Timeline: Account opening typically takes 1–2 weeks after submission
Eligibility: Foreigners can open a bank account in Vietnam with a valid visa (business, work, or tourist visa) and appropriate documentation. Long-term visas (12+ months) or Temporary Residence Card make the process easier. Tourist visas are challenging.

Required Documents

Valid passport with Vietnamese visa
Temporary Residence Card (for some banks, required for 12+ month stays)
Proof of address (can be accommodation address)

Account Types

Local Current Account
Purpose
Standard checking account in VND or multi-currency (with international banks)
Notes
Requires proof of local residency
Fixed Deposit / Time Deposit
Purpose
Better returns on unused funds
Notes
Ideal for long-term expats or investors

ATM Information

Availability: ATMs are widely available throughout Hoi An's central areas and tourist zones
Withdrawal Limits: Typically 2–10 million VND per transaction, varying by ATM operator
Languages Available: Most ATMs have English language menus

Recommended Banks

Vietcombank
BIDV
Agribank
Techcombank
VPBank (often fee-free for foreign cardholders)

Fees For Foreign Cards

High Range: ₫50,000
Typical Range: ₫30,000
Note: Vietcombank: ~30,000 VND; BIDV: ~40,000 VND; Techcombank: ~50,000 VND; VPBank typically has no fees for foreign cardholders

Card Acceptance

Overview: Card acceptance is strong in Hoi An's tourist areas and established businesses.

Where Cards Work

Hotels, resorts, and mid-to-high-end restaurants
Shopping malls, supermarkets, and convenience stores
Tourist-oriented shops and commercial establishments

Where Cash Needed

Local markets and street vendors
Small local restaurants and eateries
Homestays and budget accommodations
Small shops and family-run businesses

Card Types Accepted

Visa and Mastercard (most widely accepted)
Cirrus and Maestro
JCB and UnionPay (some ATMs)

Cash Recommendations

Carry Amount: Have low-denomination VND notes (10,000, 20,000, 50,000) for easy transactions
Credit Card Surcharges: Many businesses add 3–4% surcharge on credit card transactions, making cash more economical for larger purchases

Cash Essential For

Markets and local purchases
Street food and small vendors
Tipping in casual settings
Smaller guesthouses and local businesses

Fees

ATM Withdrawal: ₫23,000
Domestic Transfer: Variable by bank
International Transfer: Variable; local banks typically more cost-effective than international banks

Restrictions

Vietnam enforces foreign exchange controls. Outward transfers require justification (education, medical treatment, etc.) and supporting documents. Offshore account setup within Vietnam is not permitted, though licensed foreign banks may offer cross-border and multi-currency services.

Currency Accounts

International banks like HSBC allow multi-currency accounts (VND, USD, EUR, GBP, AUD, CAD, JPY, SGD, HKD)

AI-generated estimateData refreshed July 2026

Sources cited for this category

These are the sources cited in this money & payments research for this city. Individual figures may not each trace to one of them.

More About Hoi An

Data last updated July 2026 · Verify anything important.

Money & Payments in Hoi An