Use the currency converter in this article to quickly convert the value of your country's currency to VND (Vietnamese dong), accurately and conveniently.
How much is $1 US in Vietnam dong?
1 USD = 24,099.297819 VND Sep 08, 2023 08:13 UTC
What is the highest value of Vietnamese dong?
Vietnam Dong has banknotes with denominations: 200 VND, 500 VND, 1000 VND, 2000 VND, 5000 VND, 10,000 VND, 20,000 VND, 50,000 VND, 100,000 VND, 200,000 VND, 500,000 VND.
The lowest value of bank notes in Vietnam at present is VND 500 (around 2.5 cents), and the highest value is VND 500,000 (around US$25).
Why is Vietnam currency so cheap?
Since 2014, Vietnamese dong has been devalued five times with the aim of boosting exports and demonstrating currency stability to control high inflation.
The value of the currency is imported by Vietnam's trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy.
Is Vietnam cheapest currency?
As of June 2023, the Vietnamese dong was the third-lowest valued currency unit (behind the Venezuelan bolivar and Iranian rial), with one United States dollar equalling 23,480 dong.
Vietnamese Dong or US Dollar, which is the best currency to use in Vietnam?
Most payments are made with Vietnamese Dong, but US dollars can be directly used for some hotels, restaurants, tours, or other services.
You may see the prices for food, drinks, and souvenirs in Ho Chi Minh City's airport are all in US dollars.
Where to exchange Vietnamese currency when arriving in Da Nang?
Tourists can exchange Vietnamese currency upon arrival at Da Nang international airport (at domestic and international terminals) or exchange currency at gold, silver, stone and currency exchange shops located in the Han market area.In addition, you can withdraw money through ATM withdrawal systems using your credit card (you need to understand information about withdrawing by credit card abroad and should withdraw money near banks to seek help when necessary) or at bank counters (during business hours and you may need to provide some documents).