VND (Vietnamese Dong)

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)