We maintain our view that strong net inflows from trade and foreign direct investments (FDI) will continue to drive dong strength, but more importantly, the central bank appears to be favouring a stronger dong in order to curb imported inflation from high global commodity prices and international logistics costs,” Fitch analysts said in a report released this week.Īccording to Fitch, the recovery in export earnings in the coming months should support the dong.
“We expect the dong to stabilise around its existing stronger level following its appreciation since July 2021 against the greenback. Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October. The financial services provider also forecast the dong to average VND23,000 per US dollar in 2023. Photo enternews.vnįitch Solutions have revised its 2021 average forecast for the Vietnamese dong to VND22,900 per US dollar from VND23,000 per US dollar previously and VND22,800 per US dollar from VND23,200 per US dollar in 2022 as the central bank tolerates a stronger dong over the short term.
#Vietnamese dong value plus#
Yes: order online at the airport and you can earn Iberia Plus Avios or Air Europa SUMA Miles.The Vietnamese dong has averaged VND23,930 per US dollar in the year-to-October. You must visit your bank at least twice, and wait meanwhile for your money to arrive. On your door, in just 48 to 72 hours (free delivery for orders over €300) or collect it yourself at the airport, on your journey. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes Of course! We care about you and your needs while you travel abroad. The bank has its own margin and adds a commission.Ĭurrency divided in different denominations. The margin of Globalexchange.es is lower than that offered at the airport. This is a peripheral service for them and they always try to give you dollars.Īlways ready, immediately, in our branches at the airport.īanks order currency and have to await delivery. These are in denominations of 200, 500, 1000, 20 dong and are minted in Finland.
#Vietnamese dong value series#
On the 17th December 2003, the National Bank of Vietnam issued a new series of currencies. However they were never put in circulation. Since 1986 there are commemorative coins in copper, tin, cupronickel, silver and gold. As a consequence of inflation, did not last very long. Regarding currencies, in 1978 there were aluminium coins in denominations of 1, 2 and 5 hao, dated from 1976. Up today, there have been five series of banknotes. In 1980 banknotes of 2 and 10 dongs were added, followed by 30 dongs and 100 dongs in 1981. In 1978 the National Bank of Vietnam entered the first banknotes of 5 hao, 1, 5, 10, 20 and 50 dongs, dated in 1976. Current Vietnamese dong coins and banknotes This event caused a cycle of inflation that would continue until the mid-nineties. On the 14th September 1985 the dong was revaluated, equalling 10 old dongs. The new dong equalled 1 dong of North Vietnam and 0.80 of South Vietnam. Regarding South Vietnam in 1953 banknotes of piastras and dongs were printed and on the 22nd September 1975, after the fall of Saigon, the currency of this region was replaced by the new dong.Īfter the reunification of Vietnam on the 3rd May 1978, the dong also unified. Two revaluations followed, one in 1951 and one in 1958. This currency was first introduced to the country by the government of North Vietnam in 1946, replacing the piastra of the French Indochina. The Vietnamese dong came in different stages to the country, first entering the North Area and then to the South. The dong is the official currency in Vietnam, although it arrived in different times to North Vietnam and South Vietnam, before the unification of the country.
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