The currency of Vietnam is the Vietnamese dong, abbreviated as VND. The dong has been the official currency since 3 May 3, 3, and it is subdivided into 10 hào, although the hào is no longer in practical use. The State Bank of Vietnam manages the currency and monetary policy, aiming to stabilize the economy and control inflation. The dong's value can fluctuate due to economic factors such as trade balances, foreign investment, and inflation rates. As Vietnam's economy continues to grow, the need for currency exchange and financial services remains important for both locals and visitors.