The VND (sign: ₫ or informally đ; code: VND) has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The đồng was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre.
Formerly, it was subdivided into 10 hào, which were further subdivided into 10 xu, neither of which are now used due to inflation. The Vietnamese đồng has increasingly moved towards exclusively using banknotes, with lower denominations printed on paper and denominations over 10,000 đồng, worth about 1 dollar or euro, printed on polymer, as of 2022 no coins are used. Generally, Vietnam is moving towards digital payments.
As of May 2021, the Vietnamese đồng is the third-lowest valued currency unit (behind Venezuelan bolivar and Iranian rial), with one United States dollar equalling around 23,000 đồng.