VND - Vietnamese Dong
Vietnamese Dong Basic Information
Category | Details |
|---|---|
Name | Vietnamese Dong |
Symbol | ₫ |
Code | VND |
Country or Region | Vietnam |
Central Bank | State Bank of Vietnam |
VND - Vietnamese Dong Denominations & Conversion
The Vietnamese Dong (VND), denoted by "₫", is the official currency of Vietnam. It is not subdivided into smaller units due to its low value compared to other major currencies. The dong's broad range of denominations in banknotes facilitates transactions of all sizes within the economy.
Unit | Subunits | Conversion Relationship |
|---|---|---|
Dong (₫) | None | 1 Dong is the smallest unit |
Coins | Rarely used: 200₫, 500₫, 1000₫, 2000₫, 5000₫ | Each coin is valued at its face value |
Banknotes | 1000₫, 2000₫, 5000₫, 10,000₫, 20,000₫, 50,000₫, 100,000₫, 200,000₫, 500,000₫ | Each banknote is valued at its face value |
VND - Vietnamese Dong History
Introduced in 1978, the Vietnamese Dong replaced the South Vietnamese Dong and the North Vietnamese Dong following the reunification of Vietnam. The currency has undergone several redenominations to simplify transactions and stabilize its value. Despite high inflation in the past, efforts have been made to stabilize the dong, which remains an integral part of Vietnam's growing economy.
Top 5 Cities in Vietnam
Hanoi (Capital): Hanoi, the capital of Vietnam, blends old-world charm with modern dynamics, known for its centuries-old architecture and a rich culture with Southeast Asian, Chinese, and French influences.
Ho Chi Minh City: Formerly known as Saigon, it is the bustling economic heart of Vietnam, known for its vibrant nightlife, colonial architecture, and the War Remnants Museum.
Da Nang: A coastal city known for its sandy beaches and history as a French colonial port, Da Nang is a growing tourist destination with a mix of modernity and tradition.
Hue: This ancient city was the capital of Vietnam for 143 years and is home to the ruins of the Imperial City, a UNESCO World Heritage Site.
Hoi An: Renowned for its well-preserved Ancient Town, cut through with winding canals, the city's history is reflected in its architecture, a mix of eras and styles from wooden Chinese shophouses and temples to colorful French colonial buildings.
Travel Tips for Visiting Vietnam
Land and Administrative Divisions: Vietnam is divided into 58 provinces and 5 municipalities. It spans over 331,212 sq km, making it slightly larger than Italy.
Climate and Weather: Vietnam experiences a tropical monsoon climate. The north has four distinct seasons, while the south is warm year-round. It's advisable to check regional weather forecasts as conditions can vary significantly between areas.
Cuisine: Vietnamese cuisine is known for its balance of five taste elements and includes staples like pho (noodle soup), bánh mì (sandwich), and spring rolls. Street food plays an essential role in daily life.
Payment Methods: Cash is predominant, especially in rural areas. Major cities have ATMs and credit card acceptance is growing. Mobile payments are becoming more common in urban settings.
Telecommunications: Major providers include Viettel, Mobifone, and Vinaphone, offering extensive coverage and competitive data packages.
Transport: Vietnam's transport network includes buses, trains, and domestic flights. Motorbikes are a popular mode of transportation, and ride-hailing services like Grab are widely used in cities.
Attractions and Heritage Sites: Notable UNESCO World Heritage Sites include Ha Long Bay, Phong Nha-Ke Bang National Park, and the complex of Hué monuments.
Tipping: Tipping is not customary in Vietnam but is appreciated in restaurants and for personal services, usually around 5-10% where not already included.
