Traveling to Vietnam? One aspect you need to be familiar with is the Vietnam currency. The official currency of Vietnam is the Vietnam Dong (VND). In this travel guide, we will explore everything you need to know about the Dong, including its exchange rate, its use in daily transactions, and the history behind its banknotes.
Exchange Rate and Affordability
As of 2010-11, the exchange rate of Vietnam Dong to US Dollars is approximately VND20,000 to US$1. The value of the Dong is relatively low compared to other major currencies, making traveling to Vietnam an affordable experience. However, be prepared to encounter a significant number of zeros on the currency that you might not have seen before. It’s certainly an interesting sight to behold!
Cash is King
When it comes to daily transactions, credit cards and debit cards are not yet widely accepted in Vietnam. Don’t expect to use them in grocery stores or pharmacies. Cash is the primary medium of exchange in the country. In fact, coins are not in circulation, and you won’t find any vending machines that operate with coins. So, be sure to carry enough cash with you for your day-to-day expenses.
Banknotes Evolution
The Vietnam Dong banknotes have seen several changes since their first appearance in 1945. The latest versions of the Dong come in various colors and denominations. The larger notes are made of polymer material, while the smaller ones are made from cotton. It’s fascinating how the country has adapted its currency to meet the needs of its growing economy.
To learn more about the history of Vietnam Dong, banknotes, or use a Vietnam currency converter, check out our related readings section below.
Related Readings:
This travel guide provides a comprehensive overview of the Vietnam Dong, ensuring you’re well-prepared for your trip. Remember, embracing the local currency enhances your travel experience and enables you to explore the beautiful country of Vietnam with ease.