Vietnam Dong (VND) is the official currency of Vietnam. There are two versions of Vietnam currency are in use: the Polymer note (500.000 VND, 200.000 VND, 100.000 VND, 50.000 VND, 20.000 VND, and 10.000 VND) and the Cotton note (5.000 VND, 2.000 VND, and 1.000 VND). When the banker hands you a bunch of Vietnam Dong, you should take a deep breath before starting to count it as you may feel a little overwhelmed with the multiple zeroes on the notes. Hope this article will be of some help in your Vietnam Tours.

vietnam currency vietnam dong

Origin & History of Vietnam Currency

This currency was first introduced to the country by the government of North Vietnam in 1946, replacing the old one of the French colonial government. Two revaluations followed in 1951 and 1958.

vietnam currency in the history

After the reunification of Vietnam in 1975, Vietnam Dong is unified. The new dong equaled 1 dong of North Vietnam and 0.80 of South Vietnam. On the 14th September 1985, the dong was revaluated, equalling 10 old dongs. This event caused a cycle of inflation that would continue until the mid-nineties.

How to Identify Vietnam Currency?

Vietnamese Polymer Notes

500,000 VND Polymer Note

500000 Vietnam Dong

Two sides of 500,000 VND Polymer Note

200,000 VND Polymer Note

200000 Vietnam Dong

Two sides of 200,000 VND Polymer Note

100,000 VND Polymer Note

100000 VIetnam Dong

Two sides of 100,000 VND Polymer Note

50,000 VND Polymer Note

50000 Vietnam Dong

Two sides of 50,000 VND Polymer Note

20,000 VND Polymer Note

20000 Vietnam Dong

Two sides of 20,000 VND Polymer Note

10,000 VND Polymer Note

10000 Vietnam Dong

Two sides of 10,000 VND Polymer Note

Vietnamese Paper Notes

5,000 VND Paper Note

5000 Vietnam Dong

Two sides of 5,000 VND Paper Note

2,000 VND Paper Note

2000 Vietnam Dong

Two sides of 2,000 VND Paper Note

1,000 VND Paper Note

1000 Vietnam Dong

Two sides of 1,000 VND Paper Note

500 VND Paper Note

500 Vietnam Dong

Two sides of 500 VND Paper Note

Exchange Rate of Vietnam Dong

Please note in mind that these values are changeable with time. Therefore, double check the exchange rate every time you are about to get some exchanged.

Currencies Vietnam Dong (VND)
01 US Dollar (USD) ≈ 23,170.99 VND
01 Australian Dollar (AUD) ≈ 16,801.66 VND
01 British Pound (GBP) ≈ 29,356.38 VND
01 Euro (EUR) ≈ 26,432.90 VND
01 Japanese Yen (JPY) ≈ 204.830 VND
01 Singaporean Dollar (SGD) ≈ 16,971.54 VND
01 Malaysian Ringgit (MYR) ≈ 5,569.92 VND
01 Hong Kong Dollar (KHD) ≈  2,981.95 VND
01 Russian Ruble (RUB) ≈ 349.765 VND
01 Thai Baht (THB) ≈ 349.765 VND

Vietnam Dong Travel Guides

Similar Banknotes

For newbies, it can be a while to get used to all those zeros. Here are some newcomers’ commonly mistakes:

  • The 100.000 VND and the 10.000 VND (both greenish)
  • The 500.000 VND  and the 20.000 VND (both bluish)
  • The 200.000 VND and 10.000 VND (very similar in color).

Besides, be aware that the polymer Vietnamese notes can often stick together. Make sure you “flick” the notes when you count them out or you might end up paying double.

Bargain in Vietnam

The ultimate rule for shopping in Vietnam is “bargain, bargain and bargain” because “you’re a foreigner, pay foreigner’s prices”. One tip for haggling is when you buy something, give a lower price than the one vendors offer you. If not, the effective way to avoid “foreigner tax” is to go shopping with a Vietnamese to help you haggle the price.

bargin in vietnam vietnam currency

Comma or Dot

In Vietnam, people use dot to present thousand units 500.000 VND for example and comma to do to decimal ones 3,14, which is opposite to the rule of most countries in the world. So consider the price carefully or you will misunderstand the price of 500,000 VND into 500 VND!


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