Phu Quoc Money Exchange – Where to Exchange Currency Safely and Conveniently

Planning a trip to Phu Quoc? While this island paradise is known for its stunning beaches, vibrant night markets, and luxury resorts, one thing travelers often overlook is currency exchange in Phu Quoc. Exchanging your money at the right place not only helps you save on fees but also ensures your trip is smooth, safe, and stress-free.

In this complete guide, we’ll walk you through everything about Phu Quoc Money Exchange – from understanding exchange rates, knowing which currency to bring, and comparing the best exchange spots on the island, to safety tips and FAQs for first-time visitors.

Overview of Currency Exchange in Phu Quoc (Rates & Basics)

Before exploring the best places for Phu Quoc Money Exchange, it’s important to understand the local currency and how exchange rates work. This will help you avoid confusion and ensure you always get the best value for your money..

Vietnamese Currency for Tourists (VND)

The official currency in Vietnam is the Vietnamese Dong (VND). Banknotes range from 1,000 VND to 500,000 VND, so don’t be surprised if you end up handling big numbers. For reference, 1 USD ≈ 25,000 VND (rates vary daily, and checking the latest money exchange rate Phu Quoc can help you get the best deal). 

When exchanging money, ask for smaller denominations (10,000-50,000 VND). They’re extremely useful for taxis, local markets, and street food vendors, as many small shops may not accept big bills.

Popular Currencies for Phu Quoc Money Exchange (USD, EUR, JPY, GBP, AUD, CAD, SGD)

• USD: Widely accepted in touristy areas, but the exchange rate is usually worse than paying directly in VND.
• EUR, GBP, JPY, AUD, CAD, SGD: Can be exchanged at banks or reputable gold/jewelry shops in Phu Quoc.
• Credit Cards: Visa and Mastercard are accepted at hotels, resorts, and high-end restaurants, but cash remains the most practical option for daily expenses at markets, food stalls, and small businesses.

Why It’s Important to Choose the Right Phu Quoc Money Exchange

Not every money exchange rate Phu Quoc offers good value or reliable service. Picking the right spot to exchange your money can make a big difference in your travel experience by:

• Avoiding scams and hidden costs: Some unofficial exchange points may add high commissions or hidden fees, leading to unnecessary losses.
• Getting the best rates: Even a small difference in exchange rates can impact your budget, especially if you’re exchanging a large amount of money. A trusted location helps you stretch your travel funds further.
• Saving time and hassle: Reliable exchange services are easy to access, letting you swap currencies quickly and giving you more time to explore Phu Quoc.

While there are plenty of places offering currency exchange, the safest options are still banks, licensed exchange offices, and reputable gold shops trusted by travelers. To help you save time and avoid risks, we’ve compiled a list of the most reliable Phu Quoc Money Exchange locations where you can also check the latest money exchange rate Phu Quoc, ensuring your trip is smooth, cost-efficient, and worry-free.

Best Places for Money Exchange in Phu Quoc

Not every money exchange rate Phu Quoc offers good value or reliable service. Picking the right spot to exchange your money can make a big difference in your travel experience by:

TPBank Phu Quoc

TPBank (Tien Phong Commercial Joint Stock Bank) is one of Vietnam’s leading banks, well-known for its modern and innovative approach. Established in 2008, it has quickly gained a strong reputation for reliable financial services. If you’re looking for a trustworthy place with competitive exchange rates in Phu Quoc, especially when checking the money exchange rate Phu Quoc, TPBank is an excellent option.

• Address: 87 Nguyen Trung Truc, Duong Dong, Phu Quoc
• Currencies accepted: Almost all major currencies
• Phone: 1900 585 885
• Exchange rate: Updated daily (check at the bank)

Sacombank Phu Quoc

Sacombank is another well-established commercial bank in Vietnam, offering a wide range of financial services including currency exchange. Known for its extensive network and competitive rates, it’s a reliable choice for travelers.

• Address: 52B 30/4 Street, Quarter 1, Duong Dong, Phu Quoc
• Currencies accepted: Almost all major currencies
• Phone: 1800 585 888
• Exchange rate: Updated daily (check at the bank)

Dong A Bank Phu Quoc

Dong A Bank is widely recognized across Vietnam for its comprehensive financial services for both individuals and businesses. With a strong presence in tourist areas, it stands out as a convenient and reliable choice for Phu Quoc Money Exchange.

• Address: 125 Nguyen Trung Truc Street, Duong Dong, Phu Quoc
• Currencies accepted: Almost all major currencies
• Phone: Updating
• Exchange rate: Updated daily (check at the bank)

ACB Bank Phu Quoc

Asia Commercial Bank (ACB) is one of the most reputable banks in Vietnam. Its Phu Quoc branch provides a wide range of services, including reliable and transparent currency exchange with a strong focus on customer service.

• Address: 118 Nguyen Trung Truc Street, Khu Pho 8, Phu Quoc
• Currencies accepted: Almost all major currencies
• Phone: 0301 452 948
• Exchange rate: Updated daily (check at the bank)

Ngoc Trai Thanh Nhan Phu Quoc

Besides banks, Ngoc Trai Thanh Nhan – a popular pearl and jewelry store – is also a well-known spot for currency exchange in Phu Quoc. Many travelers recommend this place for its convenience and reliable services.

• Address: 108 Bach Dang Street, Khu Pho 2, Phu Quoc 
• Currencies accepted: Common currencies (VND, USD, AUD, INR, JPY, GBP, CAD, SGD, etc.)
• Phone: 0986 594 313
• Exchange rate: Updated daily

Good & Good

Located in the heart of Phu Quoc, Good & Good is a tourist center that also provides money exchange services. With long opening hours, it’s a convenient choice for visitors.

• Address: 141 Tran Hung Dao Street, Duong To, Phu Quoc 
• Currencies accepted: Common currencies (VND, USD, AUD, INR, JPY, GBP, CAD, SGD, etc.)
• Phone: 0984 027 790
• Exchange rate: Updated daily

Airport and Hotel Counters

• Very convenient, especially if you arrive late at night.
• Downside: Rates are usually worse than banks or gold shops.
• Best for small amounts only (e.g., taxi fare).

ATMs in Phu Quoc – Quick Access to VND

• Available at airports, banks, and shopping malls.
• Fees vary (usually 3-5% or a flat 50,000-80,000 VND per withdrawal).
• Withdrawal limit: often 2-5 million VND per transaction.

Tip: If you use ATMs, withdraw larger amounts at once to minimize fees.

Safety & Smart Tips for Phu Quoc Money Exchange

Exchanging money in Phu Quoc is simple, but doing it wisely-such as checking the money exchange rate Phu Quoc-helps you save on hidden fees, avoid scams, and enjoy a worry-free trip. Here are the essential tips every traveler should know:

Compare exchange rates: Always check and compare rates before exchanging. Banks publish official rates daily on notice boards or websites. A small difference may not seem like much, but it adds up when exchanging larger sums.

Avoid street exchanges: Street money changers often promise tempting rates, but they come with high risks-fake bills, scams, or getting shortchanged. Stick to banks, gold shops, or licensed counters for safety.

Beware of look-alike notes: Vietnamese Dong notes can be tricky. Both the 20,000 VND and the 500,000 VND bills are blue, making them easy to confuse. The 20,000 note is smaller and made of polymer, while the 500,000 note is larger with a higher gloss. Always count carefully at the counter and check each denomination before leaving.

Keep small bills handy: Carry smaller notes (10,000-50,000 VND) for taxis, street food, and local markets. Many vendors don’t have change for big bills, so having small denominations makes daily transactions much smoother.

Negotiate for better rates (Big Amounts): When exchanging a large amount, you can sometimes ask for a slightly better rate at banks or reputable gold shops. Just remember: never attempt this with black-market exchangers.

Use ATMs wisely: ATMs are convenient but can charge fees. Always use machines attached to bank branches for safety. When withdrawing, select VND (local currency) to avoid Dynamic Currency Conversion (DCC), which often comes with poor exchange rates.

Notify your bank before traveling: Inform your bank that you’ll be abroad so your card isn’t blocked for suspicious activity. Use your card mainly for hotels and larger purchases, and rely on cash for daily spending.

Keep your exchange receipts: Receipts are useful if you need to convert leftover Dong back into your home currency before leaving Vietnam. Without them, some banks may refuse the transaction.

The tips above are drawn from real experiences in Phu Quoc, helping you handle Phu Quoc Money Exchange safely and conveniently while avoiding common pitfalls. And if you want to make your journey even more seamless, connect with Rooty Trip – your local travel expert who is always ready to share insights and accompany you every step of the way.

FAQs about Currency Exchange in Phu Quoc

Can I pay in USD in Phu Quoc?

Some hotels, tour companies, and souvenir shops may accept USD, but most daily transactions require VND. Always carry local currency or use a trusted Phu Quoc Money Exchange service before shopping.

Where can I get the best exchange rates?

Gold shops like Ngoc Trai Thanh Nhan and banks like Vietcombank or Sacombank generally offer the most favorable rates.

Is it safe to exchange money at Phu Quoc Airport?

Yes, it’s safe – but expect lower rates compared to other Phu Quoc Money Exchange points. Only use airport counters for small emergency exchanges.

How much cash should I bring to Phu Quoc?

$200–500 USD (or equivalent) in cash is enough for most travelers, combined with ATM withdrawals or card payments.

Can I use credit cards in Phu Quoc?

Yes, but mostly at hotels, resorts, and large restaurants. Street food, taxis, and local shops usually only accept cash.