Getting started

The basics; opening local bank accounts and getting paid.

Savings and investment

Once you're settled in - make the most of the opportunities.

A unique culture, friendly people, amazing food, and a rapidly developing economy. Living and working in Vietnam is one of life’s great adventures, packed full of opportunities, but certainly not without challenges. ANZ is here to help you to make the most of the opportunities, and overcome some of the challenges.

The banking environment in Vietnam


The currency of Vietnam is the Vietnam Dong (VND, or simply Dong).

The Vietnam Dong is not a freely convertible currency, which means it cannot be used or exchanged outside Vietnam. As an individual, if you are paid or are in receipt of Dong, you can convert to a foreign currency and/or remit your foreign currency out of Vietnam without restriction if you are sending it to your own accounts overseas. If you wish to send your money to a third party, supporting documentation and a statement of the purpose of the payment will need to be provided to your bank.

Carrying cash in to or out of Vietnam

USD5,000 or the equivalent amount in other currencies can be carried into or out of Vietnam. Anything in excess of this amount needs to be declared.

Making payments

Making payments for everyday expenses like utilities or rent is not too difficult in Vietnam. Most bills are paid via bank transfer, standing order (periodical payments) or cash. In many cases, your employer would arrange payment of major bills such as telephone, rent, electricity, etc. Cheques are not often used in Vietnam.

Debit and Credit Cards

Both debit and credit cards are available in Vietnam.


ATM networks have grown substantially in Vietnam in recent years. Most major banks have ATMs around the country. ATMs only dispense Dong although they accept most international cards.