Therefore, it's best to bring a card with a magnetic stripe on the back. The dong is the official currency in Vietnam, although it arrived in different times to North Vietnam and South Vietnam, before the unification of the country. Following the end of WWII, both North and South Vietnam set about creating their own currencies to replace the French Indochinese piastre. 22. After the reunification of Vietnam on the 3 rd May 1978, the dong also unified. Customer Service and phone orders (+852) 800-968-791. Most major currencies can be changed in Vietnam. Getting ready for your Vietnam trip? Getting to know a new currency system is just as fun as learning a new language. Aside from these you will also see the 200, 500 and 1,000 dong coins. Vietnam Dong Stable Despite EM Currency Sell-Off The value of the Vietnam Dong (VND) has remained remarkably stable this year, despite ... the VND traded more than 10% below the official value of Vietnam’s currency). Two revaluations followed, one in 1951 and one in 1958. The largest city in the country is Ho Chi Minh City. Therefore, it's best to change a small sum to cover your taxi fare and head to town for a better rate. In recent years, the exchange rate of Vietnam Dong to US Dollar is between VND 22,500 to 23,500. Don't change too much money at one time, or you will need a suitcase to carry your Vietnamese Dong around. What is the currency in Vietnam? Some Of The Great Facts That Make Vietnamese Dong A Popular Currency Vietnam is the easternmost country on the Indo-china Peninsula in Southeast Asia. The Vietnamese đồng has increasingly moved towards exclusively using banknotes; as of 2012 the use of coins has decreased … Our currency rankings show that the most popular Viet Nam Dong exchange rate is the VND to USD rate. When you withdraw from ATMs, all foreign currencies will be automatically changed to VND based on the bank rate at that time. Order online and collect your currency at the branch of your choice. Money Currency Converter › Currencies › Vietnamese Dong Exchange Rates. The country’s name was originally spelled as two words, Viet Nam.3. While the Vietnamese dong is the official currency of Vietnam, three different currencies are used for different types of purchases. Most banks charge from VND 40,000 to 100,000 (USD 2–5) each time. This currency was first introduced to the country by the government of North Vietnam in 1946, replacing the piastra of the French Indochina. More about Vietnam’s Currency – Dong (VND) The Vietnamese Dong has been the currency in Vietnam since 1978 after replacing the former North- and South Vietnamese Dong. Since then, the national currency has undergone much alteration in both designs and materials. The đồng (/ d ɒ ŋ /; Vietnamese: [ˀɗɜwŋ͡m˨˩]; sign: ₫ or informally đ; code: VND) has been the currency of Vietnam since May 3, 1978. There are just five coins in use for the Vietnamese dong, ranging from the 200 dong coin to the 5,000 dong coin. For common Vietnamese dishes, the price may be as low as USD 1–5 per dish. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog , or take … On a more serious note, and to nicely link to our final interesting fact about Vietnam, currency collecting geeks (like Stefan) will find the dong quite fascinating. There seems to be a lot of denominations in Vietnam, and the most commonly used are:VND 1,000, VND 2,000, VND 5,000; VND 10,000, VND 20,000, VND 50,000; VND 100,000, VND 50,000, VND 200,000 and VND 500,000. Regarding South Vietnam in 1953 banknotes of piastras and dongs were printed and on the 22 nd September 1975, after the fall of Saigon, the currency of this region was replaced by the new dong. You can also choose one of our tailor-made tours and travel around Vietnam with our local guides. Order online to benefit from a price reduction and collect at Hong Kong airport. Up today, there have been five series of banknotes. Since polymer money was put into use starting in 2003, now only paper notes with a value of VND 1,000, VND 2,000 and VND 5,000 are still valid in Vietnam. It is now ahead of the Iranian rial. Hopefully it will also clear up a few ‘myths’, or perhaps, misconceptions, about the best way to go about paying for things in Vietnam. A deep dive on Vietnamese dong. Track Dong forex rate changes, track Dong historical changes. At the moment of writing this article, 1 US Dollar equals to VND 23,212. Its government is Marxist-Lininist one-party socialist republic with a president and prime minister. The official currency of Vietnam is the dong, which can be found only in notes ranging from 200 VND to 500,000 VND. 3. Vietnamese đồng, Vietnamesischer Dong, VND, Vietnam, Asia. 41 currencies available for all your travel destinations. Don't change money on the black market as it is probably just the lead-up to a scam. It not only shows things to see and do in the destinations and their local life, culture and customs, but also gives the most professional advice from our travel experts so you can get to know the destinations more thoroughly! 2. Following the North’s victory in the 70’s, the South Vietnamese đồng was briefly replaced by the liberation đồng until the country was unified under one currency in 1978. Discounts of 50% or more are possible. Transportation: Domestic airfare for round trips should be not more than USD 150 within the country if you book in advance. We use cookies to improve user experience, enable social media functions, analyze data, and fulfill other marketing purposes as described in our cookie policy. It is issued by the State Bank of Vietnam. The currency code for Dongs is VND, and the currency symbol is ₫. If you book online you have the best price. Traditional culture of Vietnam involves focusing on humanity (nhân nghia) and harmony (hòa), with family and the community valued highly. Get also a Dong to Singapore Dollar currency converter widget or currency conversion guide sheet or chart for your website. You can check the rate and use currency converter tools online, and ask around to choose the best deal. Vietnamese Dong exchange rates and currency conversion. The Vietnamese Dong (VND; symbol: ₫) is the official currency of Vietnam. The Vietnamese dong has only been the official currency of Vietnam since 1978, when North and South Vietnam reunified. Vietnamese Currency (The Dong) & How To Do It Right. 4. The currency symbol is ₫. The currency code for Dongs is VND, and the currency symbol is ₫. Tour Activities: Expect to pay USD 20–40 for a day trip in Vietnam, including a shuttle service. The official currency in Vietnam is the Dong (abbreviated as the VND, or Vietnamese Dong) and it's illegal to list prices or ask for payment in any other currency in Vietnam. Over 86% of people who live in Vietnam are Vietnamese. Tipping is not expected in Vietnam, but it's much appreciated. Regarding South Vietnam in 1953 banknotes of piastras and dongs were printed and on the 22nd September 1975, after the fall of Saigon, the currency of this region was replaced by the new dong. So a mere INR 3,000 would fetch you VND 1,000,000 (as of August 2018), making you a millionaire. Hotels: You can get a more competitive rate by changing your currency in large hotels, nearly equal to the bank. The official currency used in Vietnam is VND (the dong). Your information will be treated with respect. Only major currencies. You may be charged a 3%–4% commission if paying with plastic. All You Need to Know About Money and Currency in Vietnam. Please enable JavaScript to submit form ! The exchange rate for the Vietnamese Dong VND was last updated on 04/01/2021 04:17 GMT. There are lots of banknotes though, which are issued in the following denominations - 200d, 500d, 1,000d, 2,000d, 5,000d, 10,000d, 20,000d, 50,000d, 100,000d, and 500,000d. More Vietnamese Dong info > It will be a little bit complicated at first. It is the Vietnamese Dong (VND), and it is the ONLY official currency in Vietnam. On the 17th December 2003, the National Bank of Vietnam issued a new series of currencies. The currency of Vietnam is called the dong. The Vietnam currency on the streets start at VND 5000 (INR 15), and the most significant bill out there is VND 500,000 (INR 1500). Currently, there are banknotes of 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000 y 500,000 Vietnamese dongs. On the 14th September 1985 the dong was revaluated, equalling 10 old dongs. Train fares are USD 5–60 while bus fares are a little lower at USD 1.5–50 depending on the class and distance. The new dong equalled 1 dong of North Vietnam and 0.80 of South Vietnam. You may see the prices for food, drinks, and souvenirs in Ho Chi Minh City's airport are all in US dollars. The Vietnamese worship a number of cultural symbols, such as the Vietnamese dragon (mythical holy dragon), the lac (mythical holy bird), the turtle and the horse . With no fees, the exchange rate is considerably better than that in hotels, banks and airports. More info on Vietnamese dong. You will have to visit your bank twice: once to order your currency and wait for it to come. If you have any question about the currency or want to get some professional travel tips about Vietnam, feel free to contact our team to obtain more suggestions. Hotels: Usually, the price of budget hotels is USD 25–50 per night; If you choose to stay at more modest accommodations like a guesthouse, the price is around USD10–20 per night. Since 2003 Vietnam has replaced all banknotes printed in cotton paper by polymer banknotes. Gold and Jewelry shops: You can go to the gold and jewellery stores, usually in red and gold colors, on every main street for better deals. There seems to be a lot of denominations in Vietnam, and the most commonly used are:VND 1,000, VND 2,000, VND 5,000; VND 10,000, VND 20,000, VND 50,000; VND 100,000, VND 50,000, VND 200,000 and VND 500,000. ANZ or Citibank are recommended as they charge the lowest transaction fee. Between 1959 and 1975 the Vietnamese War took place as a consequence of the determination of communist guerrillas of South Vietnam (Vietcong), supported by North Vietnam to defeat the South Vietnamese government. We’ve got you covered. Apologies to any Vietnamese who may be reading this, but to see why, check the Urban Dictionary’s more explicit meaning in English slang and you'll see why! Before that, the French Indochinese piastre was used as the Vietnamese currency between the years of 1885 and 1952. Is it a wild speculation, a longing for sudden riches, or is it a shrewdREAD MORE ATMs are available in major cities and tourist areas of Vietnam, but chip-and-pin ATMs are not easy to find. If you are not sure about the price, shop around to find the market price as many shops sell the same goods. The local currency is Vietnam Dong (VND). Directory of best currency transfer providers, compare to exchange rates when sending money from Vietnam Vietnamese … Tailor-made itinerary & prompt reply within 24hrs. But it's a slow process and you'll be charged a commission rate of between 0.5% to 2%. You can unsubscribe at any time. Before reading how to exchange currency in Vietnam, you should learn how to recognize all denominations in the money system of this country. The official and national language is Vietnamese. Articles. Cambodian, Vietnamese and US currency - the dong, the riel and the dollar - international trading. However, the exchange rate is unfavorable here. Get latest deals, giveaways & tips delivered straight to your inbox once or twice a month! Vietnam has a very popular history that has contributed to its economy as well. The new polymer notes easily stick to each other, so count your money carefully and try not to pay more money than you need. Convert money in Vietnamese Dong (VND) to and from foreign currencies using latest exchange rates. Top 10 facts about Vietnam ... From August 2006 to March 2007, the Vietnamese dong was the world’s lowest valued currency unit. Used bank notes, money and asian currency concept In 1980 banknotes of 2 and 10 dongs were added, followed by 30 dongs and 100 dongs in 1981. Money in Vietnam hold on hand business man wearing a blue suit (Socialist Republic Of Vietnam), Dong, VND, Pay, exchange money vietnamese on white bac. Also, view Dong to Singapore Dollar currency charts. The Vietnamese dong came in different stages to the country, first entering the North Area and then to the South. Most payments are made with Vietnamese Dong, but US dollars can be directly used for some hotels, restaurants, tours, or other services. In 1978 the National Bank of Vietnam entered the first banknotes of 5 hao, 1, 5, 10, 20 and 50 dongs, dated in 1976. Only change money at official money exchange counters with a clear sign showing this status. Guides and Drivers: A tip of a few dollars per day is reasonable if you think they have really done a good job of making your trip memorable. Airports: You will find some currency exchange stalls when arriving at the airport of Hanoi and Ho Chi Minh City. These are in denominations of 200, 500, 1000, 2000 and 5000 dong and are minted in Finland. Convert Vietnamese Dongs to Singapore Dollars with a conversion calculator, or Dongs to Singapore Dollars conversion tables. According to the law, amounts exceeding VND 15,000,000 must be declared on arrival and amount exceeding USD 5,000 or equivalent in other currencies must be declared as well. These were aptly named the North Vietnamese đồng and the South Vietnamese đồng respectively. Vietnamese Dong currency, various denominations of paper banknotes, money. They believe their investment will pay off in spades because President Donald Trump will help to revalue the currency. Let us help you know the currency and money to help you plan your budget. BUY Vietnamese Dong … If you want to have a more comfortable holiday, you can prepare USD 50–100 per day. Plan your travel budget and money first. This was intended to determine whether Vietnam has undervalued its dong currency in order to make its products unfairly cheap abroad, and to … US Dollars can easily be changed in banks, hotels, airport money exchange stalls and jewelry shops. Many people in the United States have now purchased millions of Iraqi dinars. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes abriad. However, it is not recommended to pay with US dollars, because they will be converted at a lower exchange rate and you will end up paying more. ATMs have limits. ), with USD$1.00 equaling to approximately VND$22,800. Please select criteria to refine your tour search. It is possible to say that you will find it easy to remember the denominations since each of them has a specific color. The average price of a taxi is USD 0.4–0.48 per km. Except for those of 2003, all previous series were mixed and did not have a unified design. Therefore, USD 40 per day or less is enough for backpackers. A revaluation was undertak… Banks: You can change foreign currency and checks at the safest place - banks such as Eximbank, Vietcombank, Vietinbank, Agribank, etc, around the city. Is this belief based on fact or fiction? Regarding currencies, in 1978 there were aluminium coins in denominations of 1, 2 and 5 hao, dated from 1976. By. Before minting coins in 2003, Vietnamese had to exchange banknotes into tokens in order to purchase products in vending machines. If you’re curious about what Vietnamese money looks like, check out the video. We only charge the exchange rate, without commissions. Category: Vietnam, Travel Tips & Guides, Senior Travel. Generally the maximum amount is from VND 2,000,000 to 5,000,000; VND 8,000,000 to 10,000,000 for a few global banks; or up to VND 2,000,000 in rural districts. Various Vietnamese Currency. Vietnamese money dong VND on white background. Food: You can have lunch or dinner at USD 8–15 per person and USD 3–4 for breakfast. Best exchange rate guaranteed for online orders. The Vietnamese Dong (VND; symbol: ₫) is the official currency of Vietnam. Origins and history. 1 The State Bank of Vietnam bought USD13 billion of FX reserves in 2017, and an additional USD11 billion 2018 1. VND - Vietnamese Dong. The Vietnamese dong came in different stages to the country, first entering the North Area and then to the South. Debit and credit cards like Visa and MasterCard are widely accepted in Vietnam, especially in hotels or shopping malls, but probably not suitable for a roadside stall or a noodle house. A 5%–10% service fee may be charged on your bill. Since 1986 there are commemorative coins in copper, tin, cupronickel, silver and gold. Check the polymer material, hidden image element and embossing to ensure you receive genuine notes. So you can bargain hard, but you should be respectful and polite to the sellers. 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