Vietnamese Dong (VND)
The Vietnamese dong is the currency of Vietnam and is not freely convertible. The State Bank of Vietnam sets a daily reference rate and allows trading in a band around it.
The latest available mid-market reference is 1 VND = 0.00003898 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Vietnamese Dong
Vietnam is a major exporter of electronics, textiles and agricultural products, and foreign direct investment is a large source of dollars. The dong is not convertible and moves in small official steps.
A short history
The dong was introduced in 1946 and unified in 1978. Vietnam has used a managed band since the 1990s, with periodic devaluations.
What moves the Vietnamese Dong
Foreign direct investment, exports, remittances and State Bank of Vietnam policy. The dong moves in small official steps rather than open market swings.
Live VND exchange rate
| Currency | 1 VND equals |
|---|---|
| US Dollar (USD) | 0.00003898 |
| Euro (EUR) | 0.00003507 |
| British Pound (GBP) | 0.00002933 |
| Japanese Yen (JPY) | 0.006217 |
| Chinese Yuan (CNY) | 0.0002606 |
| Indian Rupee (INR) | 0.003658 |
| Canadian Dollar (CAD) | 0.0000555 |
| Australian Dollar (AUD) | 0.00005688 |
| Swiss Franc (CHF) | 0.00003242 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
VND conversion pages
Other currency profiles
Vietnamese Dong questions
What is the Vietnamese Dong?
Vietnamese Dong (VND) is used in the following countries and territories: Vietnam. Central bank: State Bank of Vietnam. Exchange rate regime: managed float with a daily reference rate and band.
Which countries use the Vietnamese Dong?
The Vietnamese Dong is used in the following countries and territories: Vietnam.
What affects the Vietnamese Dong exchange rate?
Foreign direct investment, exports, remittances and State Bank of Vietnam policy. The dong moves in small official steps rather than open market swings.