Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Shiba Inu

Shiba Inu to Vietnamese Dong Converter and calculator

Convert 1Shiba Inu (SHIB) to Vietnamese Dong (VND) equals ₫ 0.5538 | 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.

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

SHIB to VND conversion rate trend

In the past 1D, Shiba Inu has changed -10.04% to VND. Based on the trend and price charts, Shiba Inu(SHIB) has changed -10.04% to VND while Vietnamese Dong(VND) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
Coinbase Exchange
0.1000% / 0.1000%
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/14 11:00:37(UTC+0)

What factors influence the conversion rate of Shiba Inu to Vietnamese Dong?

Shiba Inu to Vietnamese Dong is falling this week.
Shiba Inu's current market price is ₫ 0.5538 per SHIB, with a total market cap of ₫ 326,323,639,954,277.94 VND based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by +45.43% (₫ 13,737,538,288,024.33 VND) in the last 24 hours. Last trading day, SHIB's trading volume was ₫ 30,236,983,084,998.6.
Market cap
24h volume
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at ₫ 0.5538 VND , which means buying 5 SHIB will cost ₫ 2.77 VND . Similarly, ₫1 VND can be traded for 1.81 SHIB, and ₫50 VND can be converted to 90.29 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Vietnamese Dong has changed by -21.66% in the last 7 days. In the last 24 hours, the rate has fluctuated by -10.04%, reaching a high of 0.6237 VND and a low of 0.4637 VND . One month ago, the value of 1 SHIB was ₫ 0.7042 VND , which represents a -21.36% change from its current value. Over the last year, Shiba Inu has changed by
, resulting in a change of +96.52% in its value.


11:14 am today
0.5 SHIB
100 SHIB
500 SHIB
1000 SHIB


Amount11:14 am today
0.5VND0.9029  SHIB
1VND1.81  SHIB
5VND9.03  SHIB
10VND18.06  SHIB
50VND90.29  SHIB
100VND180.58  SHIB
500VND902.92  SHIB
1000VND1,805.84  SHIB

Today vs. 24 hours ago

Amount11:14 am today24 hours ago24h change
0.5 SHIB$0.{4}1106$0.{4}1230
1 SHIB$0.{4}2213$0.{4}2460
5 SHIB$0.0001106$0.0001230
10 SHIB$0.0002213$0.0002460
50 SHIB$0.001106$0.001230
100 SHIB$0.002213$0.002460
500 SHIB$0.01106$0.01230
1000 SHIB$0.02213$0.02460

Today vs. 1 month ago

Amount11:14 am today1 month ago1M change
0.5 SHIB$0.{4}1106$0.{4}1407
1 SHIB$0.{4}2213$0.{4}2814
5 SHIB$0.0001106$0.0001407
10 SHIB$0.0002213$0.0002814
50 SHIB$0.001106$0.001407
100 SHIB$0.002213$0.002814
500 SHIB$0.01106$0.01407
1000 SHIB$0.02213$0.02814

Today vs. 1 year ago

Amount11:14 am today1 year ago1Y change
0.5 SHIB$0.{4}1106$0.{5}5632
1 SHIB$0.{4}2213$0.{4}1126
5 SHIB$0.0001106$0.{4}5632
10 SHIB$0.0002213$0.0001126
50 SHIB$0.001106$0.0005632
100 SHIB$0.002213$0.001126
500 SHIB$0.01106$0.005632
1000 SHIB$0.02213$0.01126


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.