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The State Bank of Vietnam (SBV) is the sole issuer of the currency of the Socialist Republic of Vietnam. Its monetary unit is the Dong, abbreviated in the domestic market as “đ”, and abbreviated in the international market as VND. Banknotes and coins issued by the SBV are the legal tender and used as an unlimited means of payment within the territory of Vietnam.

The State Bank of Vietnam applies modern science and technology in printing banknotes and minting coins in order to enhance the quality and anti-counterfeiting features of the Vietnamese Dongs, as well as to save the issuance costs. From 2003 to 2006, the SBV issued a new set of money to supplement the structure and denominations of money in circulation, meeting the payment demands of the economy and improving the quality and anti-counterfeiting features of the Vietnamese Dongs, protecting the interests of the consumers. In particular, polymer banknotes have denominations of 500,000 VND, 200,000 VND, 100,000 VND, 50,000 VND, 20,000 VND, 10,000 VND, and coins have denominations of 5,000 VND, 2,000 VND, 1,000 VND, 500 VND and 200 VND. The issuance of the coins was a step to improve the monetary system in line with the international practices. Some cotton paper banknotes are still being circulated simultaneously with the new set of money.

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