The Vietnamese dong (VND) is the official currency of Vietnam. It is abbreviated as "₫" and is subdivided into smaller units called "hào," although the hào is no longer in circulation. The dong has undergone several redenominations since its introduction, with the current version being issued by the State Bank of Vietnam. As of October 2023, the exchange rate of the dong fluctuates against major currencies like the US dollar and the Euro. The dong is primarily used for everyday transactions within Vietnam, and its value can vary significantly due to economic factors and inflation.