• Jan 25 2016
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Dong

 

The Vietnamese Dong is the official currency of Vietnam. The VND is represented by the symbol ? and by the international code VND. The Dong is divided into subunits called Hao, where 10 Hao makes up 1 Dong. Hao is again divided into Xu, where 100 Xu makes up I Dong. Both of these units are obsolete as Vietnamese Dong suffers from a massive inflation making it one of the least valuable currencies in the world. The currency is issued and circulated by the State Bank of Vietnam.One Indian Rupee is equal to 330-335 VND. Get live rates for converting VND to INR here.

Since the currency faces massive inflation, the nation has denominations of bank notes issued up to 500,000 Dong. The smaller denominations are not even used in the country as they have no demand. The currency suffers from such inflation due to the fact that the country is poor in development and fails to meet the needs of its citizens. Converting INR to VND is quite difficult due to the fact that most of the exchange does not facilitate the process of Converting INR to VND directly. To do any transaction on INR to VND or VND to INR, the process is carried out in the equivalent amount of US Dollars. Since US Dollar is one of the most popular currency in demand and on the market, any conversion will be based on USD. But one has to consider the fact that even our 2000 INR currency is equivalent to about 702,000 VND.