Tuesday, March 12, 2013

Preparing for Vietnam

I became a 2 millionaire today. 2,000,000 Dong that is and it is just enough to pay for visas on arrival in Vietnam.
I like to have things 'to hand' but this has left me not quite sure how to organise wallets and change purses and bags.

Vietnamese dong
đồng Việt Nam
500,000 đồng500 đồng
500,000 đồng500 đồng
ISO 4217 codeVND
Central bankState Bank of Vietnam
Websitewww.sbv.gov.vn
User(s)Socialist Republic of Vietnam
Inflation18.7%
Source2011 [1]
Subunit
1/10hào
1/100xu
both subunits have been unused in Vietnam for several years
Symbol
U+20AB  dong sign (HTML:₫)
Coins200₫, 500₫, 1000₫, 2000₫, 5000₫
Banknotes100₫, 200₫, 500₫, 1,000₫, 2,000₫, 5,000₫ (these first six are old issue, but still in circulation), 10,000₫, 20,000₫, 50,000₫, 100,000₫, 200,000₫, 500,000₫


The word đồng is from the term đồng tiền ("money"), a cognate of the Chinese tóng qián (Traditional Chinese: 銅錢; Simplified Chinese: 铜钱). The term refers to Chinese bronze coins used as currency during the dynastic periods of China and Vietnam. The term hào is a cognate of the Chinese háo(Chinese: 毫), meaning a tenth of a currency unit.
The sign is encoded U+20AB  dong sign

21521.16 VND = $1 ( so I will round it to $1= 20,000 dong)

Exchange rate for converting Australian Dollar to Vietnamese Dong : 1 AUD = 21489.43246 VND

AUDVND
A$ 1 AUD₫ 21,489.43 VND
A$ 5 AUD₫ 107,447.16 VND
A$ 10 AUD₫ 214,894.32 VND
A$ 50 AUD₫ 1,074,471.62 VND
A$ 100 AUD₫ 2,148,943.25 VND
A$ 250 AUD₫ 5,372,358.12 VND
A$ 500 AUD₫ 10,744,716.23 VND
A$ 1,000 AUD₫ 21,489,432.46 VND


advice given -

Avoid using your credit card. They add 3% commission on top of the rest of the charges. You'll have no problems changing Australian dollars in the gold shops. They give better than bank rate. I do however recommend you bring $100 U.S. in small clean bills until you find your feet.The Commonwealth Bank of Australia has a branch in Saigon. Unlike the ANZ bank this is an actual branch. You can draw 9'000'000 per withdrawal from their auto-teller up to your limit, for $2 Aust per withdrawal.

Also with such high denominations of note, be careful of common scams run by street sellers where you are short changed by a factor of ten (eg as part of your change, you may receive five 200 dong notes as "10,000 VND!").

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