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Singapore DollarThe currency of Vietnam
Vietnamese
DongVND
The currency of Vietnam is the Vietnamese dong (VND), written ₫ after the amount and issued by the State Bank of Vietnam. Its current polymer notes run from 10,000 to 500,000 dong, so 1,000 dong costs about ₹4.30 at our selling rate right now.
- Code
- VND
- Symbol
- ₫đ
- Smallest unit
- 1 dong
- In use since
- 1946
What is the currency of Vietnam?
The currency of Vietnam is the Vietnamese dong, code VND, written ₫ after the amount. The State Bank of Vietnam, the central bank, is its sole issuer. The first dong was introduced in 1946, in place of the French Indochinese piastre, and one dong has served the whole country since 1978. The rate is managed: the State Bank sets a central rate against the US dollar each day and lets the dong trade within 5 percent either side of it, so against the rupee it still moves from day to day. On 5 Oct 2026, one dong was worth about ₹0.0043 at our selling rate, which makes 1,000 dong about ₹4.30. The Vietnam currency name is the dong, written đồng in Vietnamese, and a quote in VND currency always means this dong.
Vietnamese Dong at a glance
- Currency
- Vietnamese dongIn Vietnamese, đồng Việt Nam
- Code
- VNDNumeric code 704
- Symbol
- ₫The dong sign goes after the amount; đ is also used informally
- Subunit
- None in useEvery note and coin is a whole number of dong
- Issuer
- State Bank of VietnamThe central bank, and the only issuer of the dong
- Introduced
- 1946Replaced the French Indochinese piastre; one dong for the whole country since 1978
- Exchange rate
- Managed floatingA daily central rate against the US dollar, with a band of 5 percent either side
- Used in
- VietnamThe official currency of Vietnam; the capital is Hanoi
- Banknotes
- 10,000 to 500,000 dongSix polymer notes, issued from 2003 to 2006
- Coins
- 200 to 5,000 dongFive coins from 2003 and 2004; none has been issued since April 2011 or is used in practice
Vietnam currency notes and coins
Vietnam's current money comes as six polymer banknotes, from 10,000 to 500,000 dong, issued between 2003 and 2006. The first two, the 500,000 and the 50,000, appeared on 17 December 2003. Five coins were also made, but they do not circulate in practice. Each note is shown with what it costs in rupees at our selling rate today.
- State Bank of VietnamTen thousand dong10000₫
Ten thousand dong 10,000₫
≈ ₹43.00 today- Colour
- Brown on yellow-green
- Front
- Ho Chi Minh
- Back
- Oil and gas rigs at the Bach Ho field
- State Bank of VietnamTwenty thousand dong20000₫
Twenty thousand dong 20,000₫
≈ ₹86.00 today- Colour
- Dark blue
- Front
- Ho Chi Minh
- Back
- The Japanese covered bridge in Hoi An
- State Bank of VietnamFifty thousand dong50000₫
Fifty thousand dong 50,000₫
≈ ₹215.00 today- Colour
- Red and purple-brown
- Front
- Ho Chi Minh
- Back
- Hue, with the Phu Van Lau pavilion
- State Bank of VietnamOne hundred thousand dong100000₫
One hundred thousand dong 100,000₫
≈ ₹430.00 today- Colour
- Dark green
- Front
- Ho Chi Minh
- Back
- The Temple of Literature in Hanoi, with the Khue Van Cac pavilion
- State Bank of VietnamTwo hundred thousand dong200000₫
Two hundred thousand dong 200,000₫
≈ ₹860.00 today- Colour
- Brownish red
- Front
- Ho Chi Minh
- Back
- Ha Long Bay, with the Dinh Huong rock
- State Bank of VietnamFive hundred thousand dong500000₫
Five hundred thousand dong 500,000₫
≈ ₹2,150.00 today- Colour
- Blue
- Front
- Ho Chi Minh
- Back
- Ho Chi Minh's house in Kim Lien, Nghe An
Coins, in dong
Five coins, of 200, 500, 1,000, 2,000 and 5,000 dong, were issued in 2003 and 2004. The State Bank of Vietnam stopped issuing coins in April 2011 and they do not circulate in practice, although its own list still shows them as legal tender.
- 200200 dong
≈ ₹0.86 - 500500 dong
≈ ₹2.15 - 10001000 dong
≈ ₹4.30 - 20002000 dong
≈ ₹8.60 - 50005000 dong
≈ ₹21.50
Sources: State Bank of Vietnam, money issuance; VTC News; Wikipedia; colour names after the State Bank. Rupee values at our selling rate, 10:25 AM IST, 5 Oct 2026.
South only, 22 September 1975
May 1978, one dong for the whole country
14 September 1985
The money that was swapped three times
Between 1975 and 1985, people in the south of Vietnam saw their money swapped three times: 500 old southern dong for one liberation dong in 1975, a single dong for the whole country in 1978, and ten old dong for one new dong in 1985. The largest note today, the 500,000 dong, was first issued on 17 December 2003.
The south swaps its money
In the south, 500 old southern dong are exchanged for 1 new dong, the "liberation dong". The State Bank of Vietnam says the exchange ran from 22 to 30 September.
One dong for the whole country
A single dong replaces the money of north and south. The north exchanges 1 for 1; the south converts its liberation dong at a separate rate.
Ten old dong become one
A new dong replaces the old at 10 for 1, as part of a wider adjustment of prices, wages and money.
The 500,000 dong note
The State Bank of Vietnam issues its first polymer notes, the 500,000 and 50,000 dong. The 500,000 is still the largest note.
Sources: State Bank of Vietnam, history and development of the banking sector, and its banknote pages; Wikipedia, "Vietnamese đồng"; Vietnamese-language summaries of the exchanges (scov.gov.vn, vuatiente.vn). The 6,250 figure is our own arithmetic from the three ratios.
A dong with a daily central rate
The dong is neither fixed nor free to float. The State Bank of Vietnam publishes a central rate against the US dollar every day and lets banks trade within a band around it, so the price of the dong in rupees still moves.
A central rate every day
Since 4 January 2016 the State Bank of Vietnam has set the rate each day from the previous day's interbank rate, the moves of other trading partners' currencies and domestic conditions.
A band of 5 percent
Banks trade the dong against the US dollar within 5 percent either side of the central rate. The band was widened from 3 percent on 17 October 2022.
Managed in law, crawl-like in practice
The IMF's 2025 Article IV staff report classes the arrangement as managed floating in law and crawl-like in practice.
One unit in rupees · our selling rate, 5 Oct 2026
The Vietnamese dong since 1946
Vietnam has counted in dong since 1946, and its money has been remade more than once since. What changed along the way, in eight entries.
- EntryVietnam
The first dong
The Viet Minh government introduces the dong in place of the French Indochinese piastre, at par. The State Bank of Vietnam dates the first banknotes to December 1946.
Launch - EntryVietnam
The national bank opens
On 6 May the Vietnam National Bank is founded by a decree signed by Ho Chi Minh. It is later renamed the State Bank of Vietnam, the issuer today.
- EntryVietnam
The south changes its money
From 22 September, 500 old southern dong are exchanged for 1 new dong, the liberation dong. The State Bank says the exchange ran to 30 September.
- EntryVietnam
One dong for the whole country
In May one dong replaces the money of north and south. The north exchanges 1 for 1; the south converts its liberation dong at a separate rate.
Unified - EntryVietnam
Ten old dong become one
On 14 September a new dong replaces the old at 10 for 1, as part of a wider adjustment of prices, wages and money.
- EntryVietnam
Polymer notes begin
On 17 December the 500,000 and 50,000 dong become the first polymer notes. The rest of the series follows between 2004 and 2006.
New notes - EntryVietnam
The coins stop
In April the State Bank of Vietnam stops issuing coins. Its five coins, first issued in 2003 and 2004, are not used in practice.
Coins end - EntryVietnam
A wider band
On 17 October the trading band against the US dollar is widened from 3 percent to 5 percent either side of the central rate.
Sources: State Bank of Vietnam, history, banknote and coin pages; IMF, 2025 Article IV staff report on Vietnam; Vietnam Government News, on the 2022 band; VnExpress and Congthuong, on the coins; Ministry of Industry and Trade, notice on the cotton notes; Wikipedia, "Vietnamese đồng" and "State Bank of Vietnam".
Dong and rupees side by side
Worked out at our selling rate at 10:25 AM IST on 5 Oct 2026. For the live rate on any amount, use the VND to INR or INR to VND converter.
| You pay | You get |
|---|---|
| ₹5,000 | ₫ 1,162,791 |
| ₹10,000 | ₫ 2,325,581 |
| ₹25,000 | ₫ 5,813,953 |
| ₹50,000 | ₫ 11,627,907 |
| ₹1,00,000 | ₫ 23,255,814 |
| ₹2,00,000 | ₫ 46,511,628 |
| You buy | It costs |
|---|---|
| ₫ 10,000 | ₹43.00 |
| ₫ 50,000 | ₹215.00 |
| ₫ 100,000 | ₹430.00 |
| ₫ 500,000 | ₹2,150.00 |
| ₫ 1,000,000 | ₹4,300.00 |
| ₫ 5,000,000 | ₹21,500.00 |
Spending Vietnamese dong in Vietnam
Three things about Vietnamese money that help on the first day.
Banknotes, not coins
The State Bank of Vietnam stopped issuing coins in April 2011 and they do not circulate in practice, so cash means banknotes. The smallest current polymer note, 10,000 dong, is worth about ₹43.00, and the largest, 500,000 dong, about ₹2,150.00.
10,000₫ ₹43.00 · 500,000₫ ₹2,150.00A longer note is a bigger note
Each polymer note is 4 mm longer than the one below it, from 132 mm for the 10,000 dong to 152 mm for the 500,000 dong. The 20,000 and the 500,000 are both blue in the State Bank's description, so check the length and the zeros before you hand one over.
10,000₫: 132 mm · 500,000₫: 152 mmUPI and RuPay are not a plan
We found no sign that UPI or RuPay works in Vietnam as of 1 October 2026, so do not count on either. Ask your bank before you travel, and take another way to pay.
UPI and RuPay: not confirmedTaking Vietnamese dong from India
The Reserve Bank of India's rules apply to every currency, and the Vietnamese dong is no exception.
Up to the equivalent of USD 3,000 per trip can leave India as Vietnamese dong notes. The rest goes on a forex card or as a bank transfer.
Every resident can send up to USD 250,000 abroad each financial year under the Liberalised Remittance Scheme, travel included.
Tax collected at source applies once your foreign-exchange purchases in a financial year cross ₹10 lakh: nil when an education loan pays, 2% for self-funded education and medical treatment, and 20% for travel and everything else. It is credited against your income tax when you file.
Vietnamese dong is on our booking form. Send your amount and the desk confirms your exact rate before anything is booked.
Book Vietnamese Dong→Vietnamese dong questions
The questions people type about the Vietnamese dong, answered in full, in three groups.
The basics
7 questionsWhat is the currency of Vietnam?
The currency of Vietnam is the Vietnamese dong, code VND, written ₫ after the amount. The State Bank of Vietnam, the central bank, is its sole issuer, and a single dong has served the whole country since 1978.
What is the full form of VND in currency?
VND stands for Vietnamese Dong: VN is the country code for Vietnam and D is for dong, following the ISO 4217 standard, and its numeric code is 704. That is the VND full form. On a price list or a card statement, VND currency means the Vietnamese dong.
What is the Vietnamese dong symbol?
The Vietnamese dong symbol, also called the Vietnam currency symbol or the dong sign, is ₫, written after the amount. It has the Unicode code point U+20AB, and the letter đ is also used informally.
Vietnam ki currency kya hai?
Vietnam ki currency Vietnamese dong (VND) hai, jo State Bank of Vietnam jaari karta hai. 5 Oct 2026 ko 1,000 dong lagbhag ₹4.30 ke the, hamare selling rate par. Vietnam currency ka symbol ₫ hai, jo amount ke baad likha jaata hai.
What is the Vietnam currency name?
The Vietnam currency name is the Vietnamese dong, written đồng in Vietnamese and spelled dong in English, without the accents. It is also searched as Vietnam dong, Viet Nam dong, Vietnamese currency or Vietnamese money, and all of these mean the same currency.
Does the Vietnamese dong have a subunit?
No subunit is in use: every note and coin is a whole number of dong. The smallest coin the State Bank of Vietnam made is 200 dong, and coins do not circulate in practice anyway.
Who issues the Vietnamese dong?
The State Bank of Vietnam, the country's central bank, is the sole issuer of the dong. It was founded on 6 May 1951 as the Vietnam National Bank, under a decree signed by Ho Chi Minh, and was renamed later.
Value and history
7 questionsIs the Vietnamese dong fixed or floating?
It is managed. The State Bank of Vietnam sets a central rate against the US dollar each day and lets the dong trade within 5 percent either side of it, a band widened from 3 percent on 17 October 2022. The IMF's 2025 report calls the arrangement managed floating in law and crawl-like in practice.
When did Vietnam start using the dong?
The Viet Minh government introduced the dong in 1946, in place of the French Indochinese piastre at par, and the State Bank of Vietnam dates the first banknotes to December 1946. The south used separate money until a single dong for the whole country arrived in May 1978.
Which Vietnamese banknotes are in the current series?
Six polymer notes: 10,000, 20,000, 50,000, 100,000, 200,000 and 500,000 dong, issued between 2003 and 2006. Each carries Ho Chi Minh on the front, and the backs show places such as Ha Long Bay on the 200,000 and the Temple of Literature in Hanoi on the 100,000.
What is the biggest Vietnamese banknote?
The 500,000 dong note, issued on 17 December 2003, is the largest, and on 5 Oct 2026 it cost about ₹2,150.00 at our selling rate. It is blue, carries Ho Chi Minh on the front and shows Ho Chi Minh's house in Kim Lien, Nghe An, on the back.
Are Vietnamese coins still used?
Not in practice. The State Bank of Vietnam issued five coins, of 200 to 5,000 dong, in 2003 and 2004, stopped issuing them in April 2011, and still lists them as legal tender. For cash, expect banknotes only.
Are old Vietnamese dong notes still valid?
The cotton 10,000 and 20,000 dong notes stopped circulating on 1 January 2013, under State Bank Notice 293/TB-NHNN of 28 September 2012, but they can still be exchanged at face value. The even older cotton 50,000 and 100,000 dong notes were withdrawn earlier. The polymer notes of 2003 to 2006 are the current series.
How did Vietnam change its money between 1975 and 1985?
In the south, 500 old southern dong became 1 liberation dong on 22 September 1975. In May 1978 a single dong replaced the money of north and south: the north swapped 1 for 1 and the south converted at its own rate. On 14 September 1985, 10 old dong became 1 new dong.
Buying from India
3 questionsDoes UPI or RuPay work in Vietnam?
We found no sign that UPI or RuPay works in Vietnam as of 1 October 2026, so do not plan around either. Ask your bank before you travel, and carry another way to pay.
How much Vietnamese currency can I take out of India?
Up to the equivalent of USD 3,000 per trip in currency notes. Anything above that goes on a forex card or as a bank transfer, all within the USD 250,000 a year Liberalised Remittance Scheme limit.
How do I get Vietnamese dong for a trip to Vietnam?
Order them before you fly. Matrix Forex, an RBI-authorised Category-II dealer, has Vietnamese dong on its booking form: send your amount through the booking bar at the top of this page and the desk confirms your exact rate before anything is booked. For the live rate on any amount, see the VND to INR converter.