Basic Country Data:

• Country ISO Code: VN

• Official Language: Vietnamese

• Language ISO Code: vi

• Current Official Currency: Vietnamese đồng

• Current Currency ISO Code: VND

Complete Financial History of the Socialist Republic of Vietnam (Vietnamese):

1. Current Official Currency: Vietnamese đồng (VND)

• ISO Code: VND

• Singular Name: đồng

• Plural Name: đồng

• Monetary Subdivision: formerly 1 đồng = 10 hào, 1 hào = 10 xu (now obsolete due to inflation)

• Subdivision Name Singular: hào (no longer in use)

• Subdivision Name Plural: hào (no longer in use)

• Initial Production Date: May 3, 1978 (modern đồng)

• Initial Circulation Date: May 3, 1978

• Final Production Date: ongoing production

• Final Circulation Date: currently in circulation

• Mint: no coins in circulation since 2022; only banknotes and polymer notes issued

• Issuing Bank: State Bank of Vietnam (Ngân hàng Nhà nước Việt Nam)

• Coin Denominations Historically: hào and xu, currently not in circulation

• Banknote Denominations Currently Circulated: 1,000; 2,000; 5,000; 10,000; 20,000; 50,000; 100,000; 200,000; 500,000 đồng

• Designs / Symbols:

  • Banknotes feature images of historical figures, cultural monuments, and Vietnamese landscapes.

  • Polymer notes are more durable and used for higher denominations (above 10,000 đồng).

• Current Circulation Status: active; coins no longer circulated

• Issuing Authority: State Bank of Vietnam

• Relevant Monetary Legislation: regulations and laws issued by the State Bank of Vietnam

• Signatories on Banknotes: typically the Governor of the State Bank of Vietnam

• Persons Honored on Currency: President Hồ Chí Minh, cultural and historical figures, national symbols

• Economic Historical Context:

  • The đồng was introduced in 1946 in North Vietnam, replacing the French Indochina piastre.

  • The modern version was issued in 1978, replacing previous currencies.

  • High inflation led to the obsolescence of the hào and xu subdivisions.

  • Polymer notes were introduced in 2003 for greater durability and security.

  • The highest denomination is the 500,000 đồng note, in circulation since 2003.

• Mint / Production Locations: domestic production of banknotes; coins no longer circulated since 2022

• Print Runs / Commemorative Coins: commemorative coins exist, but details are not widely published

2. Previous Currencies

• French Indochina piastre (before 1946)

• Early đồng versions (1946-1978) in North and South Vietnam

• Initial issues of modern đồng from 1978 with smaller denominations, now discontinued due to inflation

This report presents the financial and monetary history of Vietnam since the introduction of the modern đồng, highlighting the current official currency, its subdivisions, and the characteristics of currency issues up to the present.