Vietnamese Dong

About The Vietnamese Dong: The Currency of Vietnam

Quick Facts About the Vietnamese Dong Notes

Country of Origin	Vietnam
Symbol	₫
Currency Code	VND
Nick Names
Minor units	Hao
Denominations (Banknotes)	1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, 500,000 dongs
Motto
Identification Feature	The 5,000 to 1,00,000 dong notes feature the image of Ho Chi Minh on the obverse side.
Issuing Bank	State Bank of Vietnam
In Circulation Since	May 3, 1978
INR Exchange Rate	0.0041 🔄

Since May 3, 1978, the Vietnamese government has used the dong as the country's official currency. It was initially conceived upon and developed by the State Bank of Vietnam. The Vietnamese dong ultimately succeeded the French Indochinese piastre as the official unit of currency for North Vietnam and the territory of South Vietnam.

The current rate of dong is INR (0.0041 🔄) . You can keep an eye on the live dong value.

History of the Vietnamese Dong

The Vietnamese dong made its way into the country in stages, first making its way to the Northern Region and then later making its way to the Southern Region. This currency was initially established by the government of North Vietnam in 1946 to take the place of the French Indochina piastra. After then, there were two additional reevaluations carried out, one in 1951 and the other in 1958.

South Vietnam began issuing banknotes in the form of piastras and dongs in the year 1953. On September 22, 1975, after Saigon had been overthrown, South Vietnam began using the new dong as their currency. Following the reunification of Vietnam on May 3, 1978, the dong was adopted as the country's sole currency.

In South Vietnam, one new dong was equal to an exchange rate of 0.80 old dong. Following a revaluation that took place on September 14, 1985, the value of one old dong was equivalent to ten new dongs. Following that, an inflationary cycle occurred that lasted until approximately the middle of the 1990s.

In 1985, the Vietnamese government issued new units of currency with the following denominations: 5 hao, 1, 2, 5, 10, 20, 30, 50, and 100 dong. 1987 saw the release of banknotes with face values of 200, 1,000, 2,000, and 5,000 dong; 1990 saw the release of banknotes with face values of 10,000 and 50,000 dong; 1991 saw the release of a note with a face value of 20,000 dong; 1994 saw the release of a note with a face value of 100,000 dong; 2003 saw the release of a note with a face value of 500,000 dong; and 2006 saw the release of a note with a face Despite the fact that production of banknotes with denominations of 5,000 dong or less was stopped in 2015, the notes continue to be widely recognised as of 2015. There have been five completely separate series of coinage that has been released up until this point.

Countries Accepting the Vietnamese Dong

Amount in the Vietnamese Dong You Should Carry for Your Trip

It can be difficult to estimate how much money you will need for a vacation to Vietnam if you don't first create a comprehensive schedule of all the things you want to do there. Because you do not know what your future financial requirements will be, it is impossible for you to allocate sufficient resources. Your plans for where you want to go, how you want to stay, and what kinds of things you want to buy on your trip will all have a significant impact on the total amount of money you have set aside for your holiday.

On average, a tourist may need to spend about d12,00,000. Your daily budget may easily reach around d35,00,000 if you chose to indulge on items like as private transportation, dinners at restaurants with Michelin stars rather than less expensive local locations, and hotels with three stars or more. If you want to travel to an expensive location, however, the price of a weekend getaway for two that is meant to be romantic might easily reach between d25,00,000 to d75,00,000.

A single night's stay in a hotel room in Vietnam will run you between d5,00,000 and d12,00,000 per person. This price range is quite standard across the country. After this point, the price will almost never go any higher. Your daily transportation costs could range anywhere from d2,50,000 to d7,00,000 or even more, depending on whether you choose to walk, take the bus, or hail a cab.