It can be around 6% – 7% of the profit that the company has made in that year. Therefore, you may win big time if that company has a good year in terms of its performance against other competitors. I wouldn’t choose BIDV over the other 2 as the interest rate at Vietcombank and Agribank is still a lot higher.
All Vietnamese Dong we sell is guaranteed authentic, legally obtained, legally declared and from non-criminal origin. Logically, at some point in time Vietnam’s economy and
the Dong will receive the attention they truly deserve. Many people are watching the Vietnamese economy
enthusiastically.
Many observers nowadays believe
the country’s red-hot economy has far outgrown its
currency’s value. Ultimately, the value of a nation’s
currency is based on the overall strength of the economy,
including the balance between wealth from natural
resources and manufacturing capability. If you’re thinking about buying the
Vietnamese Dong, you’ve probably already done some homework. That’s
important, because the more you know about a foreign
currency the more successful you’re likely to be in your
purchase. We are actively working to expand our service and offer new payment methods.
By doing this, I’ll be able to withdraw the money for an emergency. The purchase of foreign currency carries a high level of risk and is not suitable for all people. Foreign currency purchases pose risks to buyers as a result of fluctuations in the value in the currency purchased. The value of any currency purchased may be affected by many political and economic factors applicable to its issuing country. The purchase of foreign currency is neither insured nor guaranteed by the FDIC or any other governmental agency. Further, nothing on this website should be construed as furnishing investment advice.
Whether it is the Vietnamese Dong, or any of the other currencies that we offer, Treasury Vault is a one-stop purchasing location for thousands of people. Therefore, there have been some alternatives that are quite popular lately. I’ll introduce to you the 3 most common alternate dong investments that you might consider to enhance the value of your assets. It’s best to choose a dealer who offers low prices for the
Dong and other currencies, while providing excellent customer support and
service. Therefore, there’s a lot of things you can do just by having little money that you made in your home country. You can easily live a happy life here in Vietnam because the living expenses are still really low compared to other countries in Asia and other developed countries.
The best place to buy Vietnamese Dong
You use the information at your own risk, for more details read how our site works . Vietcombank offers almost exactly the non-term deposit as Agribank with a 0,1% interest rate. However, Vietcombank is known to be extremely foreigner-friendly because it is more like a publicly-traded company than a government institution.
Generally, the maximum amount is from VND 2,000,000 to 5,000,000; VND 8,000,000 to 10,000,000 for a few global banks; or up to VND 2,000,000 in rural districts. Most banks charge from VND 40,000 to 100,000 (USD 2-5) each time. ANZ or Citibank are recommended as they charge the lowest transaction fee. The lower the cost of converting your money to VND, the more money for you.
No nasty surprises — just the best Vietnamese dong rate, with a fair, transparent fee upfront. When sending money abroad, banks or other providers will likely charge you a conversion fee. Hidden markups in the exchange rate can end up costing even more than the conversion fee itself. This means that when sending international transfers, many banks and providers charge you twice. We compare live prices for money transfer providers in United States — so you can get the best value for your money. Also, by leaving your money dead in their term deposit account, you get a 3,1% interest rate that is a lot higher than other well-known banks in the country.
Top FAQs About Buying Currency
Easily add popular denominations to your cart with one click, or choose exact denominations for the amount you want to order. The FAQ below should handle many of your VND-related questions. If not, simply click the chat bubble on the bottom-right of your screen to make use of our live chat service, or contact us directly via email.
The information supplied on this site does not constitute financial advice. Always do your own research before making any financial decisions. We do our very best to give you the most accurate journalistic information, but we can’t guarantee to be perfect.
When you withdraw from ATMs, all foreign currencies will be automatically changed to VND based on the bank rate at that time. You can check the rate and use currency converter tools online, and ask around to choose the best deal. In recent years, the exchange rate of Vietnam Dong to US Dollar is between VND 22,715 to 24,873. At the moment of writing this article, 1 US Dollar equals VND 23,840. Travel money cards are a safe and convenient way to spend in Vietnamese dong (VND) – and if you pick the right one they could help you save on currency conversion, too.
- The foreign-exchange
rate for the Dong was set artificially
low in order to account for the inflationary problems of the
past.
- Moreover, Vietnam can become one of the strongest players in the global market.
- You can reserve your order, pick it up in a store or even have it delivered to your door.
- Investing in a company’s shares can also be flexible for the investors.
- They have progressed tremendously in terms of sufficiency for the life of millions of citizens.
- The North Viet Minh government had their own currency, known as the ‘dong’, while South Vietnam used a currency known as the ‘pastre’.
People who look forward to applying FIRE to their lifestyle tend to retire somewhere around their 30 to 40. That might seem impossible but in fact, some people have pulled it off and live their life without working full-time since they’re only 35 or so. However, it’s not an enjoyable and fancy lifestyle like many have misunderstood. The concept of FIRE is to cut the living expenses to the lowest possible and make as much money as possible by raising their income by any means necessary. Many people living in Vietnam usually assume that it’s always the best move to stick to the savings plan by putting all their savings in the bank.
We are a US Treasury registered Vietnamese Dong dealer that is in full compliance with all US Treasury rules and regulations. All currency we sell is legally obtained, legally declared, legally transported, and clear for resale. It’s
an A-rated member of the BBB, and it has never had a complaint against it.
Our countries of expertise:
The interest rate seems to fluctuate unpredictably and what you get back from putting your money in the bank is always low. Instead of receiving 14%/year the money that you send in, now it’s only between 5% – 7% at best. The bank offers a 5,5% interest rate on annual deposits, which is as high as that of Agribank.
- You can also withdraw dong from an ATM whenever you need them – giving you the safety of spending with a card, and the convenience of cash.
- Start your order today to buy and sell currency through the mail.
- If you are not sure about the price, shop around to find the market price as many shops sell the same goods.
- Vietnam remained its stable economy and reached a possible growth.
Dong investment is still proving its potential to be a profitable investment. Therefore, it’s now time for those who want to come to the country to make a difference in their financial state. You can start the process of buying shares through your smartphone. There’s no need to go to the stock exchange like it used to be. All currency we ship is guaranteed to be authentic, legally obtained, legally declared, legally transported, and from non-criminal origin.
However, it is not recommended to pay with US dollars, because they will be converted at a lower exchange rate and you will end up paying more. Often the exchange rates are on a board facing the front of the shop, so finding the USD to VND rate is easy. Ask what transaction fees they charge for the foreign exchange and if it cost more to pay with credit cards.
Are you ready to buy Vietnamese Dong?
Since the 1970’s, banknotes of 1, 5, 10, 20 and 50 dong have been issued by the State Bank of Vietnam. Simply set up an alert for the Vietnamese dong and rate you want and we’ll email you when it’s time to buy. We track live rates of over 60 currencies to make sure you’re the first to know. When you buy Vietnamese dong from the bank you can pay with credit card, cash or from one of your bank accounts. You can buy Vietnamese dong with dollars at major banks like Wells Fargo and Bank of America. You will need to be a bank customer already and can order it online easily.