Vietnamese Dong (VND)

The Vietnamese Dong (VND) is the official currency of the Socialist Republic of Vietnam, issued and managed by the State Bank of Vietnam (SBV), and is notable for its high denomination and low value relative to major world currencies, often trading above 24,000 VND per US Dollar. The VND is a non-convertible currency, meaning its trading is tightly controlled within Vietnam's borders, and it is primarily used in the domestic economy, reflecting the country's managed floating exchange rate regime.