Vietnamese đồng
The dong (Vietnamese: đồng, Chữ Nôm: 銅) (/dɒŋ/; Vietnamese: [ˀɗɜwŋ͡m˨˩]; sign: ₫ or informally đ in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre.
| Đồng Việt Nam (Vietnamese) | |
|---|---|
The 100,000 VND banknote, first issued in 2004 | |
| ISO 4217 | |
| Code | VND (numeric: 704) 1989–1990: VNC |
| Unit | |
| Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
| Symbol | ₫/đ |
| Denominations | |
| Superunit | |
| 10³ | nghìn (thousand) |
| 10⁶ | triệu (million) |
| 10⁹ | tỷ (billion) |
| Subunit | |
| 1⁄10 | hào |
| 1⁄100 | xu both subunits are obsolete due to inflation and have been unused in Vietnam for several decades |
| Banknotes | |
| Freq. used | 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, 500,000 dong |
| Demographics | |
| User(s) | Vietnam |
| Issuance | |
| Central bank | State Bank of Vietnam |
| Website | www |
| Valuation | |
| Inflation | 2.7% (2019) |
Formerly, it was subdivided into 10 hao (hào), which were further subdivided into 10 xu, neither of which are now used due to inflation. The Vietnamese dong has increasingly moved towards exclusively using banknotes, with lower denominations printed on paper and denominations over 10,000 dong, worth about 40¢ dollar or euro, printed on polymer. As of 2022, no coins are used. Generally, Vietnam is moving towards digital payments. The 500,000-dong note (VND) is the highest-denomination banknote in circulation in Vietnam. The note is dark blue in color and has been in circulation since 2003.
As of October 2023, the Vietnamese dong was the second-lowest valued currency unit (behind the Iranian rial), with one United States dollar equaling 24,385 dong.