Money exchange in Phu Quoc: 6 best places

Here are some tips for your smooth money exchange in Phu Quoc:

1. Airport Currency Exchange: Upon arrival, you may find currency exchange counters at Phu Quoc International Airport. While convenient, these counters often offer less favorable rates. That is why we don’t put it in the list of best places to exchange money above. It’s advisable to exchange a small amount here if necessary, then look for better rates elsewhere on the island.

2. Bank Branches Over Independent Exchangers: Phu Quoc has several bank branches, including those of major Vietnamese banks. Banks usually provide more reliable and competitive exchange rates compared to independent exchange services found in tourist areas. Given the island’s developing infrastructure, relying on established banks is a safer bet.

3. ATM Withdrawals: For many travelers, withdrawing VND (Vietnamese Dong) directly from ATMs can be practical. The island is equipped with a network of ATMs. However, be mindful of withdrawal fees and daily limits, which may vary significantly between banks.

4. Carry Some Cash: While digital payments are gaining traction, cash transactions remain prevalent, especially in remote areas of the island or for small purchases. Having VND on hand is essential for seamless transactions across Phu Quoc.

5. Exchange Rates and Fees: Be aware of current exchange rates and potential service fees. Check this article, which will help you assess whether you’re getting a fair exchange rate.

6. Beware of Counterfeit Bills: While not a common issue, it’s wise to exchange money at reputable locations to avoid the risk of receiving counterfeit currency. You can also read our guide to spot fake Vietnam Dong for more information.

7. Negotiate for Better Rates: In some places, especially if exchanging a significant amount of money, you may have room to negotiate for better rates.