Vietnam Currency

The currency of Vietnam is called the Vietnamese ??ng (VND). It was introduced in 1978 as a replacement for the previous currency, the ??ng northern. The ??ng is abbreviated as “?” and is issued by the State Bank of Vietnam.

The ??ng is available in both coins and banknotes. Coins are issued in denominations of 200?, 500?, 1000?, 2000?, and 5000?. Banknotes are available in denominations of 100?, 200?, 500?, 1000?, 2000?, 5000?, 10,000?, 20,000?, 50,000?, 100,000?, 200,000?, 500,000?.

Vietnam Currency
Vietnam Currency

The exchange rate of the Vietnamese ??ng fluctuates against other major currencies, such as the US dollar or the Euro. It is recommended to exchange currency at authorized banks or exchange centers to ensure you receive a fair rate. Many establishments in Vietnam also accept US dollars as an alternative currency.

It is important to note that the Vietnamese ??ng has a large number of zeros due to its low value compared to other currencies, which can sometimes be confusing for visitors.

In 2023, the approximate exchange rate of Vietnam Dong to US Dollars is about VND25,000 to US$1. Thanks to its low value compared to other major currency, travelling to Vietnam is kept at a very affordable rate.