Vietnamese Dong Blog Posts

The Amazing Benefits of Bitcoins

These days, the financial market has been greatly revolutionized. One of the new trends that you will find is the crypto-currency. This term is used since the creation of this currency employs military-type cryptography so as to avoid fraud. Bitcoin is a new kind of money which makes use of peer-to-peer technology in order to facilitate various kinds of transactions. This payment system is open-source and decentralized. With that in mind, the use of this cryptocurrency is will not be regulated and will not require bank transactions. Any transactions would just be between the parties involved. 

Why Use Bitcoins?

Today, more and more people are employing bitcoins. This is because of the wide array of benefits that using this currency can provide them with. For one, the use of bitcoins promotes fast and easy payments. Bitcoins can be transferred using an app downloaded in your Smartphone. You can also try using software on your computer, or it can be done online. In transferring funds, the address of the receiver is just what you need.

Of course, security plays an important role when it comes to handling money. With the military grade cryptography, you are rest assured that all transactions are well secured. Only the owner of the wallet is authorized to facilitate transactions. 

The use of bitcoins offers low or no transaction fees. When you opt for bank transactions, you will surely be charged with some fees. With bitcoins acceptance, there is no need for you shell out money just to transfer funds to your loved ones. In the event that you will encounter one that will charge fees, it is very minimal as composed to bank charges.

The use of Bitcoin wallets offer some sort of privacy. The only information that a wallet carries is the address of the owner, nothing else. Account creation is also done privately.  Because of this, the use of bitcoins comes with some level of anonymity. 

These benefits make Bitcoins a lot more attractive for a lot of people. 

Buy VND Now Accepting Bitcoins

With the increasing popularity of Bitcoins, these days, Buy VND is pleased to announce to our clients that we are now accepting bitcoins as mode of payment. Now, you can easily purchase Vietnamese Dong just by purchasing Bitcoin online. With us, you are rest assured that you can save money because there will be no transaction fee. With us, you are ensured that the process will be secure. 

People who wish to make use of Bitcoins must first familiarize themselves with the intricacies that come with its use. If you wish to do business with us using Bitcoins, then we are more than happy to be at your service.

Since the unification of Vietnam, the country has always faced crisis due to the day by day downfall of the currency. Nowadays, the official and national currency for Vietnamese paper money is Dong, usually abbreviated as VND. The Dong paper money can be purchased in Vietnam only as it is issued by the state bank. A typical Vietnamese paper money has a portrait of Ho Chi Minh, who is known as the former leader and the Founder of Vietnam.

As compared to the foreign paper money, Dong has the least rate and is decreasing day by day. It is somehow tied closely to the US dollar. The exchange rate remains constant and does not change on a daily basis. When the first paper money of Vietnam was publicized, it’s total worth according to 1 US dollar was about 20,000 Dong, which means that 1 Dong had worth equal to a very small fraction of today’s penny. Currently, 1 US dollar is equal to 20831.00474 Vietnamese Dong, this only means that a bunch of 1000 VND is the same as 0.00005 cents.

The people of Vietnam use both coins and paper money as currency, but due to the current changes in the Vietnamese money system, two parallel methods of currencies exist. The Vietnamese merchants manage to use the old and new cotton currencies, but this also confuses them sometimes. The features of Vietnamese money are un-identical - even the portrait of the former leader isn’t similar. The Vietnamese coins are still used and accepted by the merchants but aren’t common due to the unbalanced exchange rates. They are equal in worth to that of the paper money.

The new values of the Vietnamese paper money are 10,000, 20,000, 50,000, 100,000, 200,000 and 500,000 VND. They exist in two forms; either the traditional cotton paper notes or the polymer paper money form. The business people and tradesmen of Vietnamese can only sign their checks worth VND 1,000,000 and 500,000.

Due to the replacement of the material of paper money from cotton to polymer, the remaining worth of the paper money decreased even more. The people of Vietnam have discussed this issue several times and have revealed many facts behind the reasons of the downfall of money, but they still have to follow the rules and use the newly released paper money. The Vietnam War is one of the reasons which greatly affected the value of the Vietnamese currency.

We still hope that the present leaders of Vietnam focus on the economic state of their region. They should strive hard by investing in the agricultural and other popular sectors to compete with the value of foreign paper money.

The Vietnamese Dong has recently been negatively rated. Its worth is decreasing day by day, which can be seen by the number of dominator paper currency. The outlook of a currency plays a vital role in the recent market. The currency is the only way for a country to have access in the international and capital market. The Sovereign foreign currency exchange rates help a country to foster and grow with stability and determination in the international market.

The current central bank rating of the Vietnamese Dong remains same as that of 2011. The overall interest rate is 9%. The Dong has now become the official and the national currency of Vietnam. The previous currencies ‘hao’ and ‘xu’ have insignificantly lost their worth in a very minimum amount of time, and since then, they have become antique and are not been used.

A new twist in the currency emerges with the Dong bill dominations which can be seen in Vietnamese currency news. The bills exist in not more than 8 bank notes, starting from 10.000 VND to 500,000 (VND). The 20.000 VND, 50,000 VND and 100,000 VND are the new types of Vietnamese Dong bills used in the form of polymers.

Vietnam was a part of French Indochina. After some time, when the country unified, its currency lost worth. It became one of the least valued paper money of Romania in June 2005. The first bank notes of Vietnam were printed in 1987 while the bigger domination bills were issued in the years 1990, 1991, 1994, 2003 and 2006. The new five notes have always confused the users due to their worth and theme. According to the Vietnamese currency news, all of the current currency bills have different themes on their designs.

Due to the above reasons, the current Forex rate of the Vietnamese currency is decreasing day by day. In the year 1975, the Forex rates of Dong in the Saigon region was equal to the 500 Dongs of the Southern Dong. After that, the efficiency and growth of Sovereign foreign currency rates, unfortunately, remained low for the Vietnamese Dong.

Vietnam stands in the list of the world’s largest exporters and producers of coffee, pepper, tea, rubber and rice and has a quite large agriculture sector. Most of the labor works in the fishing, forestry and mining sectors. The oil and gas production also seem to enhance in the future. However, the sectors owned directly by the state produce only 40% of the industrial output. This output seems to be very low as compared to the foreign sectors and firms. The private sectors can enhance the total GDP in very minimal portions.

These reasons convinced the government to cease control of the newer bills. The 50,000 and 100,000 cotton notes were taken out on 1st September 2007 while the other 10,000 and 20,000 are now banned since the 1st of January 2013.

One of the currencies that have taken the world for a swing in this era of dropping indexes and high inflation rates is definitely the Vietnamese money or abbreviated to be known as the ‘VND’. For those of you, who are unaware of what the currency is, it is a regular state currency issued by the State Bank of Vietnam, similar to ‘dollars’ as they call it  in USA or ‘Dinar’ as they are known in the Islamic countries, obviously the exchange rates of the currency being totally different. Now irrespective of your status, of being an investor, collector or traveller, buy Vietnamese dong and you are talking about some lucrative profitability and long term security assets.

Dongs as Collectibles

For the Numismatist in you, who gains incredible pleasure in collecting coins/ banknotes and adores them as their most trusted treasure, purchase vnd, since the same would not only add an aesthetic value to your collection but also a monetary value- and this is what distinguishes the dong from any other currency. The most spectacular feature of a Vietnamese dong is that it is available in multitude forms of coins, banknotes as well as stamps- meaning thereby the collector would have an option to choose from and most importantly these dongs have various timelines attached meaning you can choose a dong that is completely ancient and from the ruins, to the ones that were in circulation few months ago. History suggests that the dearth of metal coins at a certain point of time caused the dongs to be in frequent circulation and those who collected them were in much profit. Given by the present economic scenario, who knows, history might just repeat itself.

The Wander Lust and Dongs

Purchase dong, if you are a traveller and Vietnam is on the list. We say that, since Vietnam is one of those places where the local currency makes it easy for you to get around. From purchases to escapades, from shopping bags to scrumptious meals- you would need vnd’s all the way to survive in the state. One of the best features of these currencies is their ready availability in the market, and easy accessibility over the internet as well. Buy vnd from any authentic site after suggested reviews, and there you are good to go and enjoy the state like any other local.

For the smart Investor

One of the smartest way to invest in today’s volatile market is to buy Vietnam Dong, and the reason accorded can be multiple. Keeping in mind the dropping indexes in currencies all around the world, a smart investor today should focus on better liquidity rates than get attracted to projected profit rates. Hence a safe bet would be to invest in a country that is economically progressive, where the liquidity and the index rates are comparatively stable and which has a history of surviving or atleast recovering at a faster rate during a recession or economic slump and as a matter of fact the Vietnamese economy has stood the test of time in all these aspects. Thus if profitability with mitigating risks is on your checklist, the market suggests to buy dong.

But before you take a plunge, keep in mind that no investment is absolutely risk free and sometimes the risks are totally worth it. However, we thoroughly suggest a market study and reader’s own discretion before entering into transactions involving dongs.

For those of you who love the collection of coins and notes as a hobby, the Vietnamese Dong is certainly a good option to work with. The reason why collectors love to buy vnd is that this currency is always readily available and can, therefore, be easily accessed by many people. For collectors, there are many options to choose from. It is possible to choose options from Vietnam banknotes, coins and stamps ranging from old age to modern currency pieces.

There was a time when Vietnamese coins disappeared from the market completely with the commemorative coins of copper, silver and gold not in circulation. At this time, collectors had to part with their Dongs in order to purchase items. This presented a great advantage especially to those who had kept purchase vnd coins as they came in quite handy to mitigate the situation. Later on, the coins reappeared on the market, and those who love collecting them once again got another opportunity to begin building their collections.

Travelers have also not been left behind as they too can enjoy several benefits when they buy Vietnam dong. Foreigners visiting Vietnam from other countries need to exchange their money and buy dong for use while staying in the country. In some cases, people visiting always choose not to exchange all the money back keeping some coins and notes as souvenirs. Using the currency, it is possible for visitors coming into the country to use the currency for purchasing, travelling as well as paying for other expenses such as meals and accommodation.

The currency has been around for several years and many collectors find coins and notes to be sentimental pieces that can be kept for future reference. Whether you are a collector or a traveler, you need to know credible sources where you can purchase dong. The advantage is that the internet can be used for research to find the best places to obtain the Vietnamese money. There are websites that actually facilitate people to buy the dong either for investment, collection or travelling purposes. Collection is a good way of increasing your financial worth.

Since this currency is readily available, it is possible for collectors and travelers to buy Vietnamese dong in large currencies for their personal use. As mentioned before, it is important to research to establish the authenticity of people you are buying the currency from. When you visit the internet, there are several established websites that allow users to purchase the Vietnamese dong as well as provide useful advice how one can successfully go about the process.

If you are interested in collecting Vietnamese dong, chances are high that you could also benefit from the financial value that attracts the dong to both local and foreign investors.

Buy VND News

  • Bitcoins Acceptance Announcement These days, the financial market has been greatly revolutionized. One of the new trends that you will find is the crypto-currency. This term is used since the creation of this currency employs military-type cryptography so as to avoid fraud. Bitcoin is a new kind of money which makes use of peer-to-peer technology in order to facilitate various kinds of transactions. This payment system is open-source and decentralized. With that in mind, the use of this cryptocurrency is will not be regulated and will not require bank transactions. Any transactions would just be between the parties involved.
  • Typical Features of Vietnamese Paper Money Since the unification of Vietnam, the country has always faced crisis due to the day by day downfall of the currency. Nowadays, the official and national currency for Vietnamese paper money is Dong, usually abbreviated as VND. The Dong paper money can be purchased in Vietnam only as it is issued by the state bank. A typical Vietnamese paper money has a portrait of Ho Chi Minh, who is known as the former leader and the Founder of Vietnam.
  • Largest Money Denomination in the World Nowadays, How Vietnamese Dong is Ranked? The Vietnamese Dong has recently been negatively rated. Its worth is decreasing day by day, which can be seen by the number of dominator paper currency. The outlook of a currency plays a vital role in the recent market. The currency is the only way for a country to have access in the international and capital market. The Sovereign foreign currency exchange rates help a country to foster and grow with stability and determination in the international market.
  • Investors, collectors, and travellers are buying Vietnamese Dong One of the currencies that have taken the world for a swing in this era of dropping indexes and high inflation rates is definitely the Vietnamese money or abbreviated to be known as the ‘VND’. For those of you, who are unaware of what the currency is, it is a regular state currency issued by the State Bank of Vietnam, similar to ‘dollars’ as they call it  in USA or ‘Dinar’ as they are known in the Islamic countries, obviously the exchange rates of the currency being totally different. Now irrespective of your status, of being an investor, collector or traveller, buy Vietnamese dong and you are talking about some lucrative profitability and long term security assets.
  • Benefits of Buying Vietnamese Dong for Collectors and Travelers For those of you who love the collection of coins and notes as a hobby, the Vietnamese Dong is certainly a good option to work with. The reason why collectors love to buy vnd is that this currency is always readily available and can, therefore, be easily accessed by many people. For collectors, there are many options to choose from. It is possible to choose options from Vietnam banknotes, coins and stamps ranging from old age to modern currency pieces.
  • Benefits of Buying Vietnamese Dong for Investors These days, many people are looking for ways to invest their money into ventures that will earn handsome rewards. As an investor, it is always wise to consider your options before committing any of your hard earned earnings into an investment venture. Of course, investment comes with its own risks, but there are some ventures which are considered to be relatively safe and stable so long as they performed in the right way. The decision to invest into the Vietnamese dong has become very popular. Many investors nowadays are choosing to buy Vietnamese dong with the hope of getting good returns on their money.