Regarding South Vietnam in 1953 banknotes of piastras and dongs were printed and on the 22 nd September 1975, after the fall of Saigon, the currency of this region was replaced by the new dong. Aside from these you will also see the 200, 500 and 1,000 dong coins. Since polymer money was put into use starting in 2003, now only paper notes with a value of VND 1,000, VND 2,000 and VND 5,000 are still valid in Vietnam. This event caused a cycle of inflation that would continue until the mid-nineties. 1. So you can bargain hard, but you should be respectful and polite to the sellers. Therefore, it's best to change a small sum to cover your taxi fare and head to town for a better rate. According to the law, amounts exceeding VND 15,000,000 must be declared on arrival and amount exceeding USD 5,000 or equivalent in other currencies must be declared as well. But it's a slow process and you'll be charged a commission rate of between 0.5% to 2%. Most major currencies can be changed in Vietnam. The currency code for Dongs is VND, and the currency symbol is ₫. Apologies to any Vietnamese who may be reading this, but to see why, check the Urban Dictionary’s more explicit meaning in English slang and you'll see why! Since 1986 there are commemorative coins in copper, tin, cupronickel, silver and gold. The Vietnamese dong has only been the official currency of Vietnam since 1978, when North and South Vietnam reunified. Therefore, it's best to bring a card with a magnetic stripe on the back. Therefore, USD 40 per day or less is enough for backpackers. Hotels: Usually, the price of budget hotels is USD 25–50 per night; If you choose to stay at more modest accommodations like a guesthouse, the price is around USD10–20 per night. However, it is not recommended to pay with US dollars, because they will be converted at a lower exchange rate and you will end up paying more. At Global Exchange, you’ll get a variety of banknotes with different denominations, adapted to all your payment needs. As a content writer at Odynovo, Lareina Lai is passionate about traveling and adventures, and with experience in different travel destinations around the world. Their culture is a complex adaptation of Chinese, Japanese, French and American colonial influences.4. Don't accept any damaged notes from others, as it will be hard for you to use them again. We only charge the exchange rate, without commissions. It is common for gold to be used for purchasing land and housing, while the dong is used for day-to-day items. The official and national language is Vietnamese. It is now ahead of the Iranian rial. In recent years, the exchange rate of Vietnam Dong to US Dollar is between VND 22,500 to 23,500. Get also a Dong to Singapore Dollar currency converter widget or currency conversion guide sheet or chart for your website. The Vietnamese đồng has increasingly moved towards exclusively using banknotes; as of 2012 the use of coins has decreased … Before that, the French Indochinese piastre was used as the Vietnamese currency between the years of 1885 and 1952. Cambodian, Vietnamese and US currency - the dong, the riel and the dollar - international trading. If you want to have a more comfortable holiday, you can prepare USD 50–100 per day. Convert money in Vietnamese Dong (VND) to and from foreign currencies using latest exchange rates. Other currencies including Euros, AUD and UK Pounds can be changed in banks. Click to. However they aren't as big as they sound. However they were never put in circulation. Is this belief based on fact or fiction? You may see the prices for food, drinks, and souvenirs in Ho Chi Minh City's airport are all in US dollars. Guides and Drivers: A tip of a few dollars per day is reasonable if you think they have really done a good job of making your trip memorable. Customer Service and phone orders (+852) 800-968-791. Also, view Dong to Singapore Dollar currency charts. It is possible to say that you will find it easy to remember the denominations since each of them has a specific color. Origins and history. The notes come in thousands; 10,000, 20,000, 50,000, 100,000, 200,000 and 500,000. Travel money is just a secondary business for banks. These are in denominations of 200, 500, 1000, 2000 and 5000 dong and are minted in Finland. Is it a wild speculation, a longing for sudden riches, or is it a shrewdREAD MORE Generally the maximum amount is from VND 2,000,000 to 5,000,000; VND 8,000,000 to 10,000,000 for a few global banks; or up to VND 2,000,000 in rural districts. The country’s name was originally spelled as two words, Viet Nam.3. The largest city in the country is Ho Chi Minh City. ), with USD$1.00 equaling to approximately VND$22,800. There are lots of banknotes though, which are issued in the following denominations - 200d, 500d, 1,000d, 2,000d, 5,000d, 10,000d, 20,000d, 50,000d, 100,000d, and 500,000d. While the Vietnamese dong is the official currency of Vietnam, three different currencies are used for different types of purchases. Restaurants: Locals don't tip. ATMs are available in major cities and tourist areas of Vietnam, but chip-and-pin ATMs are not easy to find. You can check the rate and use currency converter tools online, and ask around to choose the best deal. There are just five coins in use for the Vietnamese dong, ranging from the 200 dong coin to the 5,000 dong coin. Getting ready for your Vietnam trip? Since polymer money was put into use starting in 2003, now only paper notes with a value of VND 1,000, VND 2,000 and VND 5,000 are still valid in Vietnam. Most banks charge from VND 40,000 to 100,000 (USD 2–5) each time. 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