{"id":139,"date":"2021-03-01T18:02:40","date_gmt":"2021-03-01T18:02:40","guid":{"rendered":"https:\/\/blogs.transparent.com\/vietnamese\/?p=139"},"modified":"2021-04-25T23:50:44","modified_gmt":"2021-04-25T23:50:44","slug":"vietnamese-currency","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/vietnamese\/vietnamese-currency\/","title":{"rendered":"Vietnamese Currency"},"content":{"rendered":"<p>The \u0111\u1ed3ng, sign \u20ab\u00a0or\u00a0\u0111;\u00a0code\u00a0VND is the current Vietnamese currency, issued by the State Bank of Vietnam (<em>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam<\/em>).<\/p>\r\n<p style=\"text-align: center\"><strong>The current average exchange rate of 1 USD is around 23,000.00 VND<\/strong>\u00a0\u00a0<\/p>\r\n<p><strong>Money Units<\/strong><\/p>\r\n<ul>\r\n<li>Coins: 200\u20ab, 500\u20ab, 1.000\u20ab, 2.000\u20ab, 5.000\u20ab. Note that coins are not commonly used and may not be accepted in regular exchange.<\/li>\r\n<li>Banknotes: 100\u20ab, 200\u20ab, 500\u20ab, 1000\u20ab, 2000\u20ab, 5000\u20ab, 10.000\u20ab, 20.000\u20ab, 50.000\u20ab, 100.000\u20ab, 200.000\u20ab, and 500.000\u20ab<\/li>\r\n<\/ul>\r\n<p>Keep in mind that Vietnam uses a decimal comma as a decimal separator and a period sign for the thousand separators in digital groupings. For example, five hundred thousand is written as 500.000,00<\/p>\r\n<p><strong>Current use of Banknotes<\/strong><\/p>\r\n<div id=\"attachment_143\" style=\"width: 350px\" class=\"wp-caption alignright post-item__attachment\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-143\" class=\"wp-image-143\" src=\"https:\/\/blogs.transparent.com\/vietnamese\/wp-content\/uploads\/sites\/40\/2021\/03\/Money-768x1024.jpg\" alt=\"\" width=\"340\" height=\"459\" \/><p id=\"caption-attachment-143\" class=\"wp-caption-text\">Vietnamese Currency &#8211; Photo taken and used with permission from Kandle Dart<\/p><\/div>\r\n<p>Many developed countries these days have become cashless societies to various degrees with the use of electronic transactions, bank cards, and bank checks. Vietnam, however, still heavily relies on cash, especially in the countryside and rural areas, where banks are not available. Daily transactions are basically cash exchanges. People pay everything in cash. It is common to see people carry a thick stack or even a whole bag of bank notes to make payment for common purchases.<\/p>\r\n<p>If you are a foreigner, getting used to the currency units can be quite confusing because there are too many zeroes in the bills. Do not freak out if you hear that someone makes ten million \u0111\u1ed3ng (10.000.000\u0111) a month! That person only makes around four hundred thirty dollars ($430 USD). That is not a salary for a millionaire!<\/p>\r\n<p>As you can see, the 100\u20ab, 200\u20ab, and 500\u20ab banknotes are just around $0.0043, $0.009, $0.022 respectively. Their values are so minimal that the 100\u20ab, 200\u20ab banknotes are almost obsolete. The 500\u20ab is on the brink of disappearing as well.<\/p>\r\n<p><strong>Recognize the Bills<\/strong><\/p>\r\n<p>The Vietnamese banknotes come in different sizes and colors. It is confusing if you are not used to it. Except for the 100\u20ab bill, all have the image of Ho Chi Minh in the front, so it is not that helpful. However, it is easier to differentiate them if you look at the backside since each denomination has a different image. Although the color is different on each bill, some are similar. See below for the description.<\/p>\r\n<ul>\r\n<li>200\u20ab (around $0.0043 USD): A tractor in an agricultural scene. Bronze color.<\/li>\r\n<li>500\u20ab (around $0.02 USD): Port of H\u1ea3i Ph\u00f2ng with fishing boats. Pinkish red color.<\/li>\r\n<li>1.000\u20ab (around $0.043 USD): Elephant assisting men with timbering in T\u00e2y Nguy\u00ean. Greyish brown with some blue color. This one is similar to the 2,000\u20ab<\/li>\r\n<li>2.000\u20ab (around $0.09 USD): Nam \u0110\u1ecbnh Textile Factory, one of the oldest textile factory in Indochina. Greyish brown with some blue color, similar to the 1,000\u20ab<\/li>\r\n<li>5.000\u20ab (around $0.22 USD): Tr\u1ecb An Hydroelectric Plant on \u0110\u1ed3ng Nai Blue color.<\/li>\r\n<li>10.000\u20ab (around $0.43 USD): Offshore oil rig on B\u1ea1ch H\u1ed5 oil field, V\u0169ng T\u00e0u. Yellowish brown color.<\/li>\r\n<li>20.000\u20ab (around $0.87 USD): Ch\u00f9a C\u1ea7u, an old Japanese covered bridge in H\u1ed9i An. Blue color.<\/li>\r\n<li>50.000\u20ab (around $2.17 USD): Ngh\u00eanh L\u01b0\u01a1ng \u0110\u00ecnh and Phu V\u0103n L\u00e2u, the historic pavilions in the Imperial Citadel, city of Hu\u1ebf. Pinkish and yellow color.<\/li>\r\n<li>100.000\u20ab (around $4.33 USD): V\u0103n Mi\u1ebfu &#8211; Qu\u1ed1c T\u1eed Gi\u00e1m (Hanoi\u2019s Temple of Literature), the first college in Vietnam. Greenish color.<\/li>\r\n<li>200.000\u20ab (around $8.67 USD): H\u1ea1 Long Bay, the world\u2019s natural heritage. Brownish red with green color.<\/li>\r\n<li>500.000\u20ab (around $21.67 USD): The birthplace of Ho Chi Minh in Ngh\u1ec7 An Province. Blue tonel color. This is the largest bill value. With this, you can fill up your stomach with a good meal at a restaurant for both lunch and dinner!<\/li>\r\n<\/ul>\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<img width=\"263\" height=\"350\" src=\"https:\/\/blogs.transparent.com\/vietnamese\/wp-content\/uploads\/sites\/40\/2021\/03\/Money-263x350.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/blogs.transparent.com\/vietnamese\/wp-content\/uploads\/sites\/40\/2021\/03\/Money-263x350.jpg 263w, https:\/\/blogs.transparent.com\/vietnamese\/wp-content\/uploads\/sites\/40\/2021\/03\/Money-768x1024.jpg 768w, https:\/\/blogs.transparent.com\/vietnamese\/wp-content\/uploads\/sites\/40\/2021\/03\/Money-1152x1536.jpg 1152w, https:\/\/blogs.transparent.com\/vietnamese\/wp-content\/uploads\/sites\/40\/2021\/03\/Money.jpg 1512w\" sizes=\"auto, (max-width: 263px) 100vw, 263px\" \/><p>The \u0111\u1ed3ng, sign \u20ab\u00a0or\u00a0\u0111;\u00a0code\u00a0VND is the current Vietnamese currency, issued by the State Bank of Vietnam (Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam). The current average exchange rate of 1 USD is around 23,000.00 VND\u00a0\u00a0 Money Units Coins: 200\u20ab, 500\u20ab, 1.000\u20ab, 2.000\u20ab, 5.000\u20ab. Note that coins are not commonly used and may not be accepted in&hellip;<\/p>\n<p class=\"post-item__readmore\"><a class=\"btn btn--md\" href=\"https:\/\/blogs.transparent.com\/vietnamese\/vietnamese-currency\/\">Continue Reading<\/a><\/p>","protected":false},"author":174,"featured_media":143,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[3,1849,2134,178,13],"tags":[550854,2048,550851,550853,105,550850],"class_list":["post-139","post","type-post","status-publish","has-post-thumbnail","hentry","category-culture","category-economy","category-finance","category-history","category-vocabulary","tag-banknote","tag-currency","tag-dong","tag-exchange-rate","tag-money","tag-vnd"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/posts\/139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/users\/174"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/comments?post=139"}],"version-history":[{"count":14,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/posts\/139\/revisions"}],"predecessor-version":[{"id":235,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/posts\/139\/revisions\/235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/media\/143"}],"wp:attachment":[{"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/media?parent=139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/categories?post=139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.transparent.com\/vietnamese\/wp-json\/wp\/v2\/tags?post=139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}