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The dong has been the currency of Vietnam since 1978. Issued by the State Bank of Vietnam, it was subdivided into 10 hào, which were further subdivided into 10 xu, neither of which is now used. Since 2012 the use of coins has decreased, and since 2014 coins are generally not accepted in retail.
After Vietnam was reunified, the dong was also unified, on May 3, 1978. In 1985, the dong was revalued, with the new dong worth 10 old dong. This started a cycle of chronic inflation that continued throughout the 1990s.
Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia. Vietnam is bordered by China, Laos, Cambodia, Thailand across the Gulf of Thailand, and the Philippines, Malaysia and Indonesia across the South China Sea. Its capital city has been Hanoi since the reunification of North and South Vietnam in 1976.
In 938 AD, the Vietnamese developed a trade system to exchange animal skins, ivory and tropical goods for Chinese scrolls on administration, philosophy and literature.
Vietnam is the largest exporter of cashew nuts and black pepper in the world, accountable for exporting one-third of the global production. The country is also the second largest exporter of rice behind Thailand. Vietnam is an incredibly diverse place, due to their rich and long history. Their culture is a complex adaptation of Chinese, Japanese, French and American colonial influence.
Their flag consists of a golden star with five points. This represents farmers, workers, intellectuals, youth, and soldiers as the five points, with the red background paying tribute to the bloodshed during the wars.
The dong is the official currency of Vietnam. The ISO 4127 code for the Vietnamese Dong is VND.