What is the Vietnam Dong?
The Vietnam Dong (VND) has been the currency for the country of Vietnam since May 3, 1978. The State Bank of Vietnam issues the currency. The word 'dong' comes from the term 'dong tien', literally meaning money, referring to Chinese bronze coins used during the dynasitc periods of Vietnam and China.
Understanding Vietnam Money
In the mid-1900's North and South Vietnam had separate currencies. The North Viet Minh government had their own currency, known as the 'dong'. The South currency was dominated by 'piastre' and the 'dong'. After the fall of Saigon, the currency in the South was changed to the 'liberation dong'. Upon reunification in 1978 of the North and South, the dong was also unified. In the late 1970's banknotes of 1, 5, 10, 20 and 50 dong were issued by the State Bank of Vietnam. Then, in the mid-1980's other denominations were issued as inflation took hold.
Buy VND with Confidence
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