DEFINITION of 'VND (Vietnamese Dong)'

The currency abbreviation for the Vietnamese dông (VND), the currency for Vietnam. The Vietnamese dông is made up of 10 hào and 100 xu, and is often presented with the symbol d. Although the dông is made up of two different subunits, neither have been used in Vietnam for many years.

BREAKING DOWN 'VND (Vietnamese Dong)'

The Vietnamese language uses the word "dông" as a term for any currency by adding a country's name before it. For example, Vietnamese-Americans may refer to the U.S. dollar as the "U.S. dông"; "U.S. hào" and "U.S. xu" are sometimes used to refer to the U.S. dime and cent. Therefore, the Vietnamese dong must be referred to as "dông Vietnam" (Vietnamese dông)

RELATED TERMS
  1. Vietnamese Hao

    A Vietnamese currency previously issued by the Vietnam National ...
  2. State Capital Investment Corporation ...

    A state-owned investment fund formed by the Communist Party of ...
  3. NZD

    In the currency market, this is the abbreviation for the New ...
  4. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  5. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  6. USD (United States Dollar)

    The currency abbreviation for the United States dollar (USD), ...
Related Articles
  1. Insights

    Vietnam -- New Asian Hot Spot For Tech Investment

    Vietnam now has a rapidly expanding tech sector that's attracting investors from around the globe due to low business costs and highly skilled workers.
  2. Retirement

    Retiring in Vietnam: The Pros and Cons

    Vietnam – with its natural beauty, welcoming locals and low cost of living – is worth a look as a retirement spot. Here are some pros and cons to consider.
  3. Retirement

    Retire in Vietnam with $200,000 Of Savings?

    An excellent retirement "buy" because English is spoken widely, the cost of living is compellingly low and Americans are generally welcome.
  4. Trading

    Iraqi Dinar: Can Comparables Guide Investment?

    Is the Iraqi dinar a good investment? Compared to the Kuwaiti dinar, the Vietnamese dong, and the Egyptian pound, it doesn't stack up.
  5. Retirement

    Find The Top Three Retirement Cities Of Vietnam

    Vietnam has a low cost of living, beautiful beaches and mountains – and is friendly to Westerners. A preview vacation may convince you to retire there.
  6. Retirement

    Thailand Vs. Vietnam: Which Is Better for Retirees?

    Learn how Vietnam and Thailand compare in terms of living cost, access to health care and lifestyle to help you decide which is the best retirement destination.
  7. Trading

    The Pros And Cons Of A Pegged Exchange Rate

    A pegged currency can give a country many advantages, but these advantages come at a price.
  8. Insights

    SWIFT Attacks: Hackers Strike Again

    The recent SWIFT cyberattack has revealed connections to the earlier Bangladesh and Sony attacks.
  9. Personal Finance

    5 Countries Where the USD Is Commonly Accepted

    In these five countries, the U.S. dollar is either the official currency or is used alongside native currencies for transactions.
  10. Insights

    Boeing Bags $11.3 Billion Order From VietJet (BA)

    Boeing and Vietjet – Vietnam’s low-cost airline – signed an agreement that the latter would purchase 100 737 MAX 200 Boeing airplanes for $11.3 billion.
RELATED FAQS
  1. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  2. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  3. What is foreign exchange?

    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
  4. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
  5. Why is currency always quoted in pairs?

    When reading currency quotes, you have probably noticed that there is only a single quote for a pair of currencies. Currency ... Read Answer >>
  6. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
Hot Definitions
  1. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  2. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  3. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  4. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  5. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  6. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
Trading Center