Important Notes When Exchanging Money for Travel to China

When traveling to China, tourists need to exchange Vietnamese Dong for Chinese Yuan to cover activities like sightseeing, shopping, dining, etc. As a result, Chinese currency exchange services have become a topic of interest for many travelers planning to visit China. In this article, let Vietjet guide you through where to exchange money and what to keep in mind when exchanging Chinese currency.

Researching currency exchange information is a crucial step before any international trip.

1. The Currency in China

China’s official currency is the Renminbi (abbreviated as CNY or RMB). Currently, 1 RMB is worth approximately 3,500 Vietnamese Dong.

China uses both paper notes and coins. Paper denominations include 1, 2, 5, 10, 20, 50, and 100 yuan. Coin denominations include 1, 2, 5 jiao and 1 yuan coin. 1 yuan = 10 jiao, and 1 jiao = 10 fen.

To navigate China easily, tourists should recognize denominations on Chinese currency.

2. Where to Exchange Chinese Currency?

2.1 Exchange at Vikki Digital Bank

Currency exchange is not always simple and may pose risks. For travelers purchasing China-bound Vietjet tickets, you can safely and quickly exchange currency via Vikki Digital Bank. See full instructions HERE.

The steps are easy, allowing online registration and in-person currency pickup at HDBank branches:

Visit Vietjet's website or download the Vietjet Air app Android | IOS
Select "My Flights"
Enter your booking code, surname, and given name
Click “Register to buy foreign currency”
Enter the amount and your passport number
Choose an HDBank branch for pickup
Upload your Passport and Visa (if available)
Confirm terms and click “Register now”

Benefits for Vietjet passengers:

Competitive exchange rates
Same-day currency pickup at nationwide HDBank branches
No cancellation fees

Foreign currency exchange made easier than ever with Vikki Digital Bank.

2.2 Other Currency Exchange Options in Vietnam

In addition to Vikki, you can also exchange money in Vietnam or in China via the following:

2.2.1 At Banks

Some banks offering yuan exchange:

Chinese banks in Vietnam like ICBC, CCB
Major Vietnamese banks like Vietcombank, Techcombank, Vietinbank, HDBank...

Before visiting, call the bank branch to check availability and possibly make an appointment. Don’t forget to bring valid ID.

2.2.2 Licensed Gold Shops and Currency Exchange Services

Some licensed gold shops or currency companies offer competitive rates. Always choose reputable businesses to ensure safety and good rates.

2.2.3 At Airports

You can also exchange at international airport counters before departure. However, airport exchange rates tend to be higher.

2.3 Exchanging Chinese Currency in China

If you need more cash once in China, you can exchange money at:

Airports
Banks
ATM withdrawals

Tip: Bring USD to exchange in China more easily.Popular options include:

Bank of China
Industrial and Commercial Bank of China (ICBC)
Agricultural Bank of China

Most banks are open from 9 AM to 4 PM. You can also exchange at hotels or travel agencies.

3. What to Prepare for Currency Exchange Before Traveling

3.1 Identification Documents

At certain exchange points like banks, you'll need to present ID (Citizen ID or Passport). For large amounts in Vietnam, you might need to show proof of purpose (travel, study, immigration, etc.). Prepare a copy of your plane ticket and relevant documents just in case.

3.2 Monitor Exchange Rates

Rates fluctuate daily. Monitoring exchange rates can help you save money during the transaction.

4. Notes When Exchanging VND to Chinese Yuan

4.1 Is Cash Still Common in China?

China leads in mobile payments via WeChat Pay and Alipay. While cash is still accepted, it’s less common in big cities. Some vendors may not have small change available.

Tip: Bring both cash and Yuan loaded in payment apps. You can also use Visa cards at large stores for purchases above 100 yuan.

Though mobile payments are widespread, many vendors still accept cash in China.

4.2 How to Spot Counterfeit Chinese Currency

Hold up to the light: Real bills have sharp, clear images and visible watermark lines.
Touch the collar of Mao Zedong: You should feel a raised texture; fake notes feel smooth.
Wet money test: Real bills retain sharp images even when wet.
Paper quality: Thin yet durable with fade-resistant ink.

4.3 Currency Exchange Tips

Plan spending in advance to avoid exchanging too little or too much
Choose a reputable place, check the bills and denominations carefully
Exchange a mix of small and large denominations for flexible spending
To get small change, buy from convenience stores and use the change for future transactions

Currently, Vietjet operates a wide range of flights to China with ticket prices starting from only 890,000 VND.Especially, the 0 VND ticket promotion for both domestic and international flights takes place daily from 12:00 PM to 2:00 PM, helping you save more than ever. View details HERE.

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Discover China

China, one of the world's oldest civilizations, is a must-visit destination for those who love to explore culture and history. From the majestic Great Wall to the magnificent Forbidden City, every corner tells a unique story about the rich cultural heritage of this country.