Only major currencies. One of the main reasons why many tourists are cheated in shopping and payment is that they are not familiar with the currency and prices of Vietnam. The currency of Vietnam is called the dong. Before minting coins in 2003, Vietnamese had to exchange banknotes into tokens in order to purchase products in vending machines. Some Of The Great Facts That Make Vietnamese Dong A Popular Currency Vietnam is the easternmost country on the Indo-china Peninsula in Southeast Asia. It is the Vietnamese Dong (VND), and it is the ONLY official currency in Vietnam. But it's a slow process and you'll be charged a commission rate of between 0.5% to 2%. It's best to use the ATM connected to the bank, and keep cautious about anything or anyone suspicious nearby. Used bank notes, money and asian currency concept On a more serious note, and to nicely link to our final interesting fact about Vietnam, currency collecting geeks (like Stefan) will find the dong quite fascinating. More info on Vietnamese dong. Origins and history. We only charge the exchange rate, without commissions. Currently, there are banknotes of 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000 y 500,000 Vietnamese dongs. The new dong equalled 1 dong of North Vietnam and 0.80 of South Vietnam. Between 1959 and 1975 the Vietnamese War took place as a consequence of the determination of communist guerrillas of South Vietnam (Vietcong), supported by North Vietnam to defeat the South Vietnamese government. It is issued by the State Bank of Vietnam. You can unsubscribe at any time. If they can actually get your exotic currency, prepare for a couple of visits to your bank before you can have the money on your hands. We buy back your leftover currency at the airport upon your return (conditions apply). On the 14th September 1985 the dong was revaluated, equalling 10 old dongs. The bank sets its own margin plus a commission. The history of the Vietnam Dong can be traced back to as early as 1945, when Vietnam just gained independence from the French colony and the new state was established. 1. Aside from these you will also see the 200, 500 and 1,000 dong coins. Track Dong forex rate changes, track Dong historical changes. The average price of a taxi is USD 0.4–0.48 per km. Train fares are USD 5–60 while bus fares are a little lower at USD 1.5–50 depending on the class and distance. Please select criteria to refine your tour search. The new dong equalled 1 dong of North Vietnam and 0.80 of South Vietnam. Bargaining can be fun and is very common in Vietnam, just as in other Southeast Asian countries. Order online to benefit from a price reduction and collect at Hong Kong airport. Get latest deals, giveaways & tips delivered straight to your inbox once or twice a month! Vietnam Dong Stable Despite EM Currency Sell-Off The value of the Vietnam Dong (VND) has remained remarkably stable this year, despite ... the VND traded more than 10% below the official value of Vietnam’s currency). On the 17th December 2003, the National Bank of Vietnam issued a new series of currencies. Order online and collect your currency at the branch of your choice. Money Currency Converter › Currencies › Vietnamese Dong Exchange Rates. The country’s name was originally spelled as two words, Viet Nam.3. You will have to visit your bank twice: once to order your currency and wait for it to come. Regarding South Vietnam in 1953 banknotes of piastras and dongs were printed and on the 22 nd September 1975, after the fall of Saigon, the currency of this region was replaced by the new dong. Some Of The Great Facts That Make Vietnamese Dong A Popular Currency 1. If you’ve had dreams of ever being a millionaire, Vietnam is where you realize them, and it will cost you only about USD$50.00. Over 86% of people who live in Vietnam are Vietnamese. Also, view Dong to Singapore Dollar currency charts. But with a little practice, you will master it quickly. Vietnamese money featuring Ho Chi Minh the leader of the Vietnamese Independence movement and President of Vietnam. Before that, the French Indochinese piastre was used as the Vietnamese currency between the years of 1885 and 1952. If you like to wake up in a luxury hotel, it's easy to find 5-star hotels to match a budget of more than USD 200 a day. More Vietnamese Dong info > Immediate availability of currencies in our branches. The currency code for Dongs is VND, and the currency symbol is ₫. It not only shows things to see and do in the destinations and their local life, culture and customs, but also gives the most professional advice from our travel experts so you can get to know the destinations more thoroughly! Check the polymer material, hidden image element and embossing to ensure you receive genuine notes. Traditional culture of Vietnam involves focusing on humanity (nhân nghia) and harmony (hòa), with family and the community valued highly. Don't change too much money at one time, or you will need a suitcase to carry your Vietnamese Dong around. Most payments are made with Vietnamese Dong, but US dollars can be directly used for some hotels, restaurants, tours, or other services. Following the end of WWII, both North and South Vietnam set about creating their own currencies to replace the French Indochinese piastre. The Vietnamese đồng has increasingly moved towards exclusively using banknotes; as of 2012 the use of coins has decreased … Since polymer money was put into use starting in 2003, now only paper notes with a value of VND 1,000, VND 2,000 and VND 5,000 are still valid in Vietnam. Restaurants: Locals don't tip. If you have any question about the currency or want to get some professional travel tips about Vietnam, feel free to contact our team to obtain more suggestions. Directory of best currency transfer providers, compare to exchange rates when sending money from Vietnam Therefore, USD 40 per day or less is enough for backpackers. Origins and history. No. The capital of Vietnam is Hanoi. Hopefully it will also clear up a few ‘myths’, or perhaps, misconceptions, about the best way to go about paying for things in Vietnam. The notes come in thousands; 10,000, 20,000, 50,000, 100,000, 200,000 and 500,000. A new national currency referred to as “Bank of Vietnam Money” was launched on September 22, 1975.According to the new Vietnamese dong currency denominations, one dong of the new currency was worth 500 dong of the old one; and at … The Vietnamese Dong (VND; symbol: ₫) is the official currency of Vietnam. You may see the prices for food, drinks, and souvenirs in Ho Chi Minh City's airport are all in US dollars. Various Vietnamese Currency. Don't change money on the black market as it is probably just the lead-up to a scam. Food: You can have lunch or dinner at USD 8–15 per person and USD 3–4 for breakfast. It is possible to say that you will find it easy to remember the denominations since each of them has a specific color. The Vietnamese dong came in different stages to the country, first entering the North Area and then to the South. Their culture is a complex adaptation of Chinese, Japanese, French and American colonial influences.4. Except for those of 2003, all previous series were mixed and did not have a unified design. The currency that Vietnam uses is called the Vietnamese Dong. 5. After the reunification of Vietnam on the 3 rd May 1978, the dong also unified. Most major currencies can be changed in Vietnam. Most banks charge from VND 40,000 to 100,000 (USD 2–5) each time. And if your notes are dirty or damaged, you will be charged an additional 2% of the note's value. Your information will be treated with respect. These are in denominations of 200, 500, 1000, 2000 and 5000 dong and are minted in Finland. For common Vietnamese dishes, the price may be as low as USD 1–5 per dish. The local currency is Vietnam Dong (VND). If you are not sure about the price, shop around to find the market price as many shops sell the same goods. Formerly, it was subdivided into 10 hào, which were further subdivided into 10 xu, neither of which are now used. 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