VNDVietnamese DongVietnamese Dong (VND)
The Vietnamese dong is Vietnam's national currency and a monetary unit closely associated with the country's long economic transition and export growth.
- ISO code
- VND
- Symbol
- ₫
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- The State Bank of Vietnam manages currency issuance and monetary policy for the dong within Vietnam's national banking system.
- Last reviewed
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Quick facts
VND at a glance
Currency profile
How VND works
The Vietnamese dong is Vietnam's national currency and a monetary unit closely associated with the country's long economic transition and export growth.
The State Bank of Vietnam manages currency issuance and monetary policy for the dong within Vietnam's national banking system.
- VND is displayed without decimal places in routine use, and modern prices commonly involve large whole-dong amounts.
- The currency's postwar history includes unification and a later redenomination.
Context
Why this currency matters
VND carries the record of Vietnam's monetary unification and later market-oriented economic transition. It is increasingly relevant in regional supply chains, while its large whole-number denominations require careful formatting to prevent confusion between a display convention and exchange-rate precision.
Monetary framework
Exchange arrangement
The State Bank of Vietnam manages currency issuance and monetary policy for the dong within Vietnam's national banking system.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for VND
First Democratic Republic dong issued
The revolutionary government issued an early national dong during Vietnam's independence struggle.
State Bank of Vietnam - history and developmentUnified national dong introduced
A common currency replaced the separate northern and southern monetary units after reunification.
State Bank of Vietnam - history and developmentDong redenominated
Vietnam introduced one new dong for ten old dong as part of a monetary reform.
State Bank of Vietnam - history and development
Usage and economy
How VND is used
- Domestic prices, wages and payments throughout Vietnam.
- Manufacturing, travel and regional trade comparisons involving CNY, THB, MYR and SGD.
Country currency guides
Banknotes and coins
VND currency units
The State Bank of Vietnam publishes information about dong banknotes issued for circulation.
Official Vietnamese currency information records coin issues within the dong system even though coins have limited everyday circulation.
One Vietnamese Dong unit is recorded with 0 decimal places.
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Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
VND questions
Why is VND linked to Vietnam's economic transition?
The dong passed through postwar unification, a 1985 redenomination and the later expansion of Vietnam's market-oriented economy.
Why are Vietnamese dong amounts shown without decimals?
Routine VND values use whole dong, so conversion displays prioritize readable whole-number grouping.
Who manages the Vietnamese dong?
The State Bank of Vietnam manages currency issuance and the national monetary framework.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.