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Internet Computer to Vietnamese Dong Converter and calculator

Convert 1Internet Computer (ICP) to Vietnamese Dong (VND) equals ₫ 318,124.59 | Bitget

VND information

About the Vietnamese Dong (VND)

What Is the Vietnamese Dong (VND)?

The Vietnamese Dong (VND), the official currency of Vietnam, is an example of a fiat currency in Southeast Asia. Represented by the ISO code VND and symbolized as ₫, the Dong has a rich history and plays a crucial role in Vietnam's economy. The Vietnamese Dong is the sole legal tender in Vietnam, and it is used for all transactions within the country.

The Vietnamese Dong is issued by the State Bank of Vietnam. The State Bank of Vietnam is the central bank of the country and is responsible for the issuance and regulation of the Vietnamese currency, along with overseeing monetary policies, maintaining stability in the financial system, and managing Vietnam's foreign exchange reserves.

What Is the History of VND?

The Dong was introduced by the North Vietnam government in 1946, replacing the French Indochinese piastre. This change marked a significant shift in Vietnam's economic history. The currency underwent revaluations in 1951 and 1959, reflecting the country's tumultuous economic conditions. Following the unification of Vietnam in 1975, the Dong was also unified, setting the stage for its current form. The revaluation in 1985 was a pivotal moment, as it led to a period of persistent inflation, deeply impacting the Vietnamese economy.

Notes and Coins of VND

Previously, Vietnam had issued coins in several denominations, including 200, 500, 1,000, 2,000, and 5,000 VND. However, due to inflation and the move towards digital payments, coins have become less common in circulation.

Vietnam transitioned from cotton notes to plastic polymer notes in 2003, a move aimed at reducing printing costs. These notes feature various denominations of 100 VND, 200 VND, 500 VND, 1,000 VND, 2,000 VND, 5,000 VND, 10,000 VND, 20,000 VND, 50,000 VND, 100,000 VND, 200,000 VND, and 500,000 VND.

Economic Impact and Inflation

The Vietnamese Dong has been significantly affected by inflation, a common challenge for many fiat currencies. This inflationary trend has led to the Dong being one of the lowest-valued currency units in the world. As of January 2024, one United States dollar was equivalent to approximately 24,400 Dong. The State Bank of Vietnam, responsible for issuing the Dong, plays a vital role in regulating inflation and stabilizing the currency.

Is VND Pegged to USD?

The Vietnamese Dong is not pegged to the United States Dollar. Vietnam operates under a managed floating exchange rate regime. In this system, the value of the Dong is not fixed to the USD but is instead managed by the State Bank of Vietnam, which may intervene in the foreign exchange market to stabilize the Dong's value or to meet other economic objectives.

Why Does VND Have So Many Zeroes?

The Vietnamese Dong features a high number of zeros due to its history of chronic inflation, a common phenomenon in various economies transitioning from a centrally-planned system to a market-oriented one. After the reunification of North and South Vietnam in 1975, the country faced significant economic challenges, including hyperinflation, especially during the late 1980s and early 1990s. This inflation necessitated the issuance of banknotes with higher denominations to maintain practical transactional value. As a result, over time, the currency experienced devaluation, leading to the presence of banknotes with large numerical values. This situation reflects the cumulative impact of prolonged inflationary pressures on the currency's value, a common trait in economies undergoing rapid and significant economic transformations.

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Bitget crypto-to-fiat exchange data shows that the most popular Internet Computer currency pair is the ICP to VND, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for VND.

ICP to VND conversion rate trend

1D7D1M3M1YAll
In the past 1D, Internet Computer has changed +7.60% to VND. Based on the trend and price charts, Internet Computer(ICP) has changed +7.60% to VND while Vietnamese Dong(VND) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₫317,915.63
0.0001% / 0.0004%vip-iconVIP
Binance
₫318,959.77
0.1000% / 0.1000%
Yes
Coinbase Exchange
₫318,832.75
0.1000% / 0.1000%
Yes
OKX
₫319,035.99
0.080% / 0.100%
Yes
Huobi
₫319,086.8
0.1000% / 0.1000%
Yes
Gate.io
₫318,985.18
0.1000% / 0.1000%
Yes
Bybit
₫317,849.58
0.1000% / 0.1000%
Yes
KuCoin
₫318,934.37
0.1000% / 0.1000%
Yes
Bitfinex
₫319,264.64
0.1000% / 0.1000%
Yes
Last updated 2024/04/18 17:00:32(UTC+0)

What factors influence the conversion rate of Internet Computer to Vietnamese Dong?

Internet Computer to Vietnamese Dong is falling this week.
Internet Computer's current market price is ₫ 318,124.59 per ICP, with a total market cap of ₫ 147,205,752,102,618.34 VND based on a circulating supply of 462,729,900 ICP. The trading volume of Internet Computer has changed by +12.48% (₫ 445,102,707,741.16 VND) in the last 24 hours. Last trading day, ICP's trading volume was ₫ 3,566,356,647,446.13.
Market cap
$5.79B
24h volume
$157.90M
Circulating supply
462.73M ICP

Conversion tables

The exchange rate of Internet Computer is increasing.
1 ICP is currently valued at ₫ 318,124.59 VND , which means buying 5 ICP will cost ₫ 1,590,622.93 VND . Similarly, ₫1 VND can be traded for 0.{5}3143 ICP, and ₫50 VND can be converted to 0.0001572 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Vietnamese Dong has changed by -19.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.60%, reaching a high of 322,189.16 VND and a low of 293,945.55 VND . One month ago, the value of 1 ICP was ₫ 297,381 VND , which represents a +6.98% change from its current value. Over the last year, Internet Computer has changed by
+
5,010.42VND
, resulting in a change of +98.12% in its value.

ICP to VND

Amount
17:16 today
0.5 ICP
159,062.29
1 ICP
318,124.59
5 ICP
1,590,622.93
10 ICP
3,181,245.86
50 ICP
15,906,229.28
100 ICP
31,812,458.56
500 ICP
159,062,292.81
1000 ICP
318,124,585.63

VND to ICP

Amount17:16 today
0.5VND0.{5}1572  ICP
1VND0.{5}3143  ICP
5VND0.{4}1572  ICP
10VND0.{4}3143  ICP
50VND0.0001572  ICP
100VND0.0003143  ICP
500VND0.001572  ICP
1000VND0.003143  ICP
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Today vs. 24 hours ago

Amount17:16 today24 hours ago24h change
0.5 ICP$6.26$5.82
+7.60%
1 ICP$12.52$11.64
+7.60%
5 ICP$62.61$58.19
+7.60%
10 ICP$125.22$116.39
+7.60%
50 ICP$626.11$581.93
+7.60%
100 ICP$1,252.21$1,163.86
+7.60%
500 ICP$6,261.06$5,819.29
+7.60%
1000 ICP$12,522.13$11,638.58
+7.60%

Today vs. 1 month ago

Amount17:16 today1 month ago1M change
0.5 ICP$6.26$5.85
+6.98%
1 ICP$12.52$11.71
+6.98%
5 ICP$62.61$58.53
+6.98%
10 ICP$125.22$117.06
+6.98%
50 ICP$626.11$585.28
+6.98%
100 ICP$1,252.21$1,170.56
+6.98%
500 ICP$6,261.06$5,852.8
+6.98%
1000 ICP$12,522.13$11,705.61
+6.98%

Today vs. 1 year ago

Amount17:16 today1 year ago1Y change
0.5 ICP$6.26$3.16
+98.12%
1 ICP$12.52$6.32
+98.12%
5 ICP$62.61$31.62
+98.12%
10 ICP$125.22$63.25
+98.12%
50 ICP$626.11$316.25
+98.12%
100 ICP$1,252.21$632.49
+98.12%
500 ICP$6,261.06$3,162.45
+98.12%
1000 ICP$12,522.13$6,324.9
+98.12%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.