About the Vietnamese Dong
The current Vietnamese Dong was introduced in 1978, after the reunification of Vietnam, merging the currencies of North and South Vietnam.
The name 'Dong' refers to the copper coins used during the French colonial period ('đồng tiền').
Interesting Facts
Ho Chi Minh on Every Note
All Vietnamese Dong banknotes feature the portrait of Ho Chi Minh, the revolutionary leader and first president of Vietnam, a revered figure in national history.
Polymer Pioneer
Vietnam was one of the first countries to fully switch to polymer banknotes, improving durability and security.
High Denominations
Due to past inflation, the Dong circulates in high denominations, with the 500,000 Dong note being the highest.
Historical Timeline
The first Dong is introduced in North Vietnam.
The unified Dong is introduced.
The SBV begins issuing polymer banknotes.
Denominations
Banknotes
Security Features
Quick Facts
- ISO Code
- VND
- Symbol
- ₫
- Numeric Code
- 704
- Subunit
- Hào (1/10)
- Introduced
- 1978-05-03
Central Bank
- Name
- State Bank of Vietnam
- Headquarters
- Hanoi, Vietnam
- Founded
- 1951
- Current Governor
- Nguyen Thi Hong (since 2020)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 4.4%
- Interest Rate
- 4.50%
Exchange Rates
What Affects the VND Exchange Rate?
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