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VND

Vietnamese đồng
đồng Việt Nam (Vietnamese)
500000 dong polymer.jpg 500 dong.jpg
500,000 đồng 500 đồng
ISO 4217
Code VND
Denominations
Subunit
 1/10 hào
 1/100 xu
both subunits have been unused in Vietnam for several years
Symbol
U+20AB DONG SIGN (HTML ₫)
Banknotes 100₫, 200₫, 500₫, 1,000₫, 2,000₫, 5,000₫ (these five - except for 100- are old issue, but still in circulation), 10,000₫, 20,000₫, 50,000₫, 100,000₫, 200,000₫, 500,000₫
Coins 200₫, 500₫, 1000₫, 2000₫, 5000₫ (no longer in use)
Demographics
User(s) Vietnam Vietnam
Issuance
Central bank State Bank of Vietnam
 Website www.sbv.gov.vn
Valuation
Inflation 4.1%
 Source 2014

The đồng (/dɒŋ/; Vietnamese: [ˀɗɜwŋ͡m˨˩]; sign: ; code: VND) has been the currency of Vietnam since May 3, 1978. Issued by the State Bank of Vietnam, it is represented by the symbol "₫". Formerly, it was subdivided into 10 hào, which was further subdivided into 10 xu, neither of which is now used.

The word đồng is from the term đồng tiền ("money"), a loanword from the Chinese tóng qián (Traditional Chinese: 銅錢; Simplified Chinese: 铜钱). The term refers to Chinese bronze coins used as currency during the dynastic periods of China and Vietnam. The term hào is a loanword from the Chinese háo (Chinese: 毫), meaning a tenth of a currency unit.

The sign is encoded U+20AB DONG SIGN (HTML ₫).

In 1946, the Viet Minh government (later to become the government of North Vietnam) introduced its own currency, the đồng, to replace the French Indochinese piastre at par. Two revaluations followed, in 1951 and 1958; the first was at a rate of 100:1, the second at a rate of 1,000:1.

Notes dually denominated in piastres and đồng were issued in 1953 for the State of Vietnam, which evolved into South Vietnam in 1954. On September 22, 1975, after the fall of Saigon, the currency in South Vietnam was changed to a "liberation đong" worth 500 old Southern đồng.


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