Make Payments in VND - Vietnamese Dong
Pay in Vietnamese Dong (VND)
Mondial Change allows you to make international payments in VND (Vietnamese Dong) with ease. Manage your Vietnamese Dong beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not charge exchange commission on your VND operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Vietnamese Dong (VND)
It is currently not possible to receive payments in VND.
Mondial Change Answers All Your Questions About Payments in Vietnamese Dong (VND)
What is the timeframe for a VND payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Vietnamese Dong transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if VND payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can significantly impact payment receipt times.
What are the fees for a payment in Vietnamese Dong (VND)?
The fees applied to transfers in Vietnamese Dong (VND) generally range from 0 to 10 euros depending on the agreement with Mondial Change's trading room. The rate mainly depends on your annual VND exchange volume and the number of Vietnamese Dong payments made during the year.
Are there minimum or maximum amounts for payments in Vietnamese Dong (VND)?
Mondial Change and its partners verify that your Vietnamese Dong flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well before the validation of your operations.
What are the specific rules for executing a payment in Vietnamese Dong (VND)?
For VND payments via the SWIFT network, the following information must be provided at a minimum:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
• Reason for payment
Is it possible to modify a payment in Vietnamese Dong (VND) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Vietnamese Dong (VND) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment has not been executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Vietnamese Dong (VND) cannot be executed?
January 1st: New Year’s Day
Variable date (January/February): Tết Nguyên Đán – Vietnamese Lunar New Year (several days, generally 5 banking days)
Variable date (April): Hung Kings' Festival (Giỗ Tổ Hùng Vương – 10th day of the 3rd lunar month)
April 30th: Reunification Day
May 1st: International Labour Day
September 2nd: National Day
Variable date (around September 2nd): Compensatory public holiday (often added since 2021)
History of the Vietnamese Dong
The Vietnamese Dong (VND) has been the official currency of Vietnam since 1978, the year of monetary reunification of the North and South. The VND succeeded several colonial and regional currencies and derives its name from the Chinese word meaning "copper." Marked by high inflation during the 1980s, it has been reformed several times. The Dong remains a weakly convertible currency internationally but is essential in domestic transactions in Vietnam.
Monetary Policy of the Vietnamese Dong
The State Bank of Vietnam (SBV) is responsible for monetary policy. Its objective is to maintain price stability, support economic growth, and ensure the stability of the financial system. The Dong operates under a managed exchange rate regime, with frequent interventions in the foreign exchange market. The SBV uses key interest rates, open market operations, and reserve requirements to control the money supply and combat inflation.
Characteristics of the Vietnamese Dong
The VND is one of the currencies with the highest number of zeros in the world due to its low purchasing power. Banknotes in circulation go up to 500,000 VND. Although widely used locally, the Dong is rarely accepted outside the country. Digital payments are rapidly expanding, and the Vietnamese government supports the modernization of the banking sector. The VND is a symbol of the country's economic sovereignty, although it remains subject to partial dollarization in certain sectors.