Woalet

Vietnamese Dong

Currency Code: VND

Currency of Vietnam. Growing economy currency in Southeast Asia.

Issuing Authority

State Bank of Vietnam (SBV)

Key Features

Growing Economy

Vietnam's economy growing 5-7% annually. Rising currency.

Manufacturing Hub

Vietnam replacing China as manufacturing center.

Modern Payment Rails

Napas 247 supports real-time VND settlement to supplier accounts.

Low Inflation

Relatively low inflation compared to emerging peers.

Popular Corridors

Singapore → Vietnam

US → Vietnam

China → Vietnam

South Korea → Vietnam

Frequently Asked Questions

What is the VND/USD rate?

Approximately ₫23,000-25,000 = $1 USD.

How fast are VND settlements?

Napas 247 settles in real time. Standard interbank transfers clear within 1-2 hours.

How much cheaper than traditional providers?

40-50% cheaper. Direct competitive rates.

Can you pay suppliers outside major cities?

Yes. VND reaches any Vietnamese bank account, including provincial manufacturers.

What is Vietnam's economic outlook?

Positive. Vietnam seen as next growth story in Southeast Asia.