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WomPom.ca
» General Information » Money & Credit Cards |
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Money & credit cards in VietNam |
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VietNam is a primarily a cash based society although with an ever increasing number of
Travellers, Vi那tNam joining the international community and increasing international trade, credit cards are becoming
more acceptable. |
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The Vietnamese currency is denominated as the Ðong (pronounced dom) is in paper and,
now, coins. |
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In the recent past, many hotels and restaurants demanded payment in US dollars and would
not accept Vietnamese currency. In 1994, the Vietnamese government banned this practice - all businesses in Vi那tNam
must officially now advertise and accept payment in Ðong only.
In reality, many places still quote prices in dollar and will 'exchange' (convert) on the spot. |
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Departure taxes may be paid in either Ðong or US dollars - change will be returned in US
dollars. |
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Money - the banknotes |
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The banknotes come in denominations of Ð200, Ð500, Ðl,000, Ð2,000, Ð5,000, Ðl0,000,
Ð20,000, Ð50,000 and Ð100,000. |
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Internationally the currency is coded as VND but is not traded as it is not lawful to
remove the currency from Vi那tNam. ;^) |
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There are also Ð50 banknotes but these were printed as a special celebratory issue and are
for all practical purposes of no use in day-to-day life. |
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Especial care should be exercised when using Ð5,000 and Ð20,000 as they are both blue in
colour. |
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The banknotes are reproduced
here.
(Slow load!) |
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VietNam uses Polymer Notes to beat counterfeiters |
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The State Bank of VietNam governor LE Duc Thuy said the new notes would be issued with
effect from 2004SEP01 though existing VND100,000 notes - the denomination most faked - would also continue to be used.
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The Central Bank has decided to stop printing the cotton paper-based notes and expects them
to be completely replaced by the polymer banknotes within one year, he said. |
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The new notes will contain 16 special security features, including one for people with
visual disability, he added. |
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Money - the coins |
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Commencing in 2003 DEC the Central Bank of VietNam issued Dong 1,000 and D5,000 coins
followed by Dong200 and Dong2,000 on 2004 APR 01. |
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There is great resistance on the part of Vietnamese vendors and shop keepers to accept
coins - they could be used to make interesting key fobs, however. |
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Paper money continues in circulation until it is worn to a point where it cannot be used. |
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Next page in money and credit cards > |
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