Vietnam is a beautiful country located in Southeast Asia, known for its stunning landscapes, rich history, and vibrant culture. One question that often arises for travelers visiting Vietnam is: what is the currency of Vietnam?
The official currency of Vietnam is the Vietnamese Dong, abbreviated as VND. The Dong has been the official currency of Vietnam since 1978, replacing the previous currency, the North Vietnamese Dong. The Vietnamese Dong is issued by the State Bank of Vietnam, which is the country’s central bank.
The Vietnamese Dong comes in various denominations, including banknotes in denominations of 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 Dong. There are also coins in denominations of 200, 500, 1000, 2000, and 5000 Dong. However, it is worth noting that the coins are not commonly used in everyday transactions and are mostly for commemorative purposes.
When traveling to Vietnam, it is advisable to exchange your currency for Vietnamese Dong upon arrival in the country. While US dollars are widely accepted in tourist areas, it is always best to have the local currency on hand for smaller purchases and transactions. Currency exchange services are readily available at airports, banks, hotels, and licensed exchange offices throughout Vietnam.
It is important to note that the Vietnamese Dong is a non-convertible currency, meaning it cannot be exchanged outside of Vietnam. Therefore, it is recommended to exchange any remaining Dong back into your home currency before leaving the country.
In conclusion, the currency of Vietnam is the Vietnamese Dong, and it is essential for travelers to familiarize themselves with the local currency to ensure a smooth and enjoyable trip. With its colorful banknotes and rich history, the Vietnamese Dong is an integral part of Vietnam’s cultural identity and economy.