The currency used in Vietnam is called the Vietnamese dong and is generally abbreviated to VND, here's our guide to local currency
3 June 2014| Last updated on 29 June 2017
The currency used in Vietnam is called the Vietnamese Dong and is generally abbreviated to VND. The symbol for the dong is ₫.
If you’re moving to Vietnam for the first time, dealing with the money may be a little frightening because of the many zeros the notes have. The inflation rate in Vietnam had caused the currency to soar and $1USD is worth approximately VND22,228. For more information on the state of the currency visit the State Bank of Vietnam Website>>
The dong is the only currency recognised in Vietnam. However, people are always desperate to get their hands on US dollars and there is a demand on the black market for dollars, so almost everyone is willing to exchange them for you - under the table of course. However, there are legitimate exchange facilities within the country in banks and in some shops.
SEE ALSO: Guide to cost of living in Vietnam
The currency consists of both coins and banknotes. The coins come in the common denominations of ₫200, ₫500, ₫1000, ₫2000, ₫5000. The frequently used banknotes are the ₫100, ₫200, ₫500, ₫1000, ₫2000, ₫5000, ₫10000, ₫20000, ₫500000.