Currency Rate
Vietnam Dong to USD
Our Currency Rate VND latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the VND. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
₫ 0.000031
Selling rate
₫0.000048
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The Vietnamese đồng (symbol: ₫; code: VND) is the official currency of Vietnam.
Currency Details
- Country code VN
- Symbol ₫
- ISO Code VND
- Subunits 1 Đồng = 10 Hào = 100 Xu
Coins
- 200 đồng
- 500 đồng
- 1000 đồng
- 2000 đồng
- 5000 đồng
Banknotes
- 1000 đồng
- 2000 đồng
- 5000 đồng
- 10000 đồng
- 20000 đồng
- 50000 đồng
- 100000 đồng
- 200000 đồng
- 500000 đồng
The Vietnamese Đồng, abbreviated as VND, is the official currency of the Socialist Republic of Vietnam. Symbolized as "₫", it is one of the world's lowest-valued currency units, with no fractional subdivision in modern use. First introduced in 1946 by North Vietnam and unified nationwide in 1978, the đồng replaced earlier currencies used during French colonial rule and the Vietnam War period.
History and Background
The đồng's name derives from the Vietnamese word for copper or bronze, reflecting its origins in ancient coinage. Modern currency development occurred in three key phases: 1) 1946: North Vietnam's first đồng 2) 1955: South Vietnam's competing đồng 3) 1978: Post-reunification currency reform The current polymer banknotes were introduced starting in 2003 to combat counterfeiting and improve durability in Vietnam's tropical climate.
The đồng's name derives from the Vietnamese word for copper or bronze, reflecting its origins in ancient coinage. Modern currency development occurred in three key phases: 1) 1946: North Vietnam's first đồng 2) 1955: South Vietnam's competing đồng 3) 1978: Post-reunification currency reform The current polymer banknotes were introduced starting in 2003 to combat counterfeiting and improve durability in Vietnam's tropical climate.
Economic Significance
As Vietnam has transitioned to a market economy, the đồng has become a key indicator of the country's rapid industrialization. Managed by the State Bank of Vietnam, the currency operates under a crawling peg system primarily tied to the US dollar. Vietnam's export-driven economy (textiles, electronics, and agriculture) makes currency stability crucial. Inflation control remains an ongoing challenge, with periodic devaluations to maintain competitiveness.
As Vietnam has transitioned to a market economy, the đồng has become a key indicator of the country's rapid industrialization. Managed by the State Bank of Vietnam, the currency operates under a crawling peg system primarily tied to the US dollar. Vietnam's export-driven economy (textiles, electronics, and agriculture) makes currency stability crucial. Inflation control remains an ongoing challenge, with periodic devaluations to maintain competitiveness.
Usage and Exchange
Practical notes for handling đồng: • No coins in circulation - only paper/polymer notes • Common denominations: 1,000₫; 2,000₫; 5,000₫; 10,000₫; 20,000₫; 50,000₫; 100,000₫; 200,000₫; 500,000₫ • US dollars were widely accepted until 2014, but now only đồng is legal tender • Best exchange rates at gold/jewelry shops or banks (avoid airport kiosks) • ATMs dispense đồng only, with typical withdrawal limits of 2-5 million VND per transaction
Practical notes for handling đồng: • No coins in circulation - only paper/polymer notes • Common denominations: 1,000₫; 2,000₫; 5,000₫; 10,000₫; 20,000₫; 50,000₫; 100,000₫; 200,000₫; 500,000₫ • US dollars were widely accepted until 2014, but now only đồng is legal tender • Best exchange rates at gold/jewelry shops or banks (avoid airport kiosks) • ATMs dispense đồng only, with typical withdrawal limits of 2-5 million VND per transaction
Security Features
Modern polymer notes include: ✓ Watermark portraits of Ho Chi Minh ✓ Transparent windows with intricate patterns ✓ Color-shifting ink on high denominations ✓ Tactile markings for the visually impaired Counterfeit prevention is particularly important for the 500,000₫ note (approx. $20 USD).
Modern polymer notes include: ✓ Watermark portraits of Ho Chi Minh ✓ Transparent windows with intricate patterns ✓ Color-shifting ink on high denominations ✓ Tactile markings for the visually impaired Counterfeit prevention is particularly important for the 500,000₫ note (approx. $20 USD).
Conclusion
The Vietnamese đồng tells the story of a nation that has transformed from war-torn economy to global manufacturing hub. While its low value can confuse first-time visitors (where million-đồng transactions are common), the currency reflects Vietnam's remarkable economic journey. From street food vendors to high-tech factories, the đồng facilitates one of Asia's most dynamic economies - best handled with an understanding of its unique characteristics and rapid modernization.
The Vietnamese đồng tells the story of a nation that has transformed from war-torn economy to global manufacturing hub. While its low value can confuse first-time visitors (where million-đồng transactions are common), the currency reflects Vietnam's remarkable economic journey. From street food vendors to high-tech factories, the đồng facilitates one of Asia's most dynamic economies - best handled with an understanding of its unique characteristics and rapid modernization.