How much is 1 billion USD in Vietnamese Dong? How to convert USD

The US dollar is considered one of the most powerful currencies in the world, used in international transactions in most countries, always receiving special attention from large investors. The conversion of USD to Vietnamese currency and vice versa, converting Vietnamese currency to USD causes many people a headache, especially for large amounts of up to several hundred million USD.

So How much is 1 billion dollars in Vietnamese Dong? and how to convert dollars to vietnamese currency, please customers please lamchutaichinh.vn Read through the article below to get the most accurate information.

General Information about the US Dollar

The US dollar has the English name of the United States Dollar, abbreviated as USD, the short name is "Dollar", this is the official currency of the United States - the leading country in the economy today. The Dollar is issued by the US government and managed by the Federal Reserve.

The ISO code of the US Dollar is "USD", the symbol is "$", the International Monetary Fund is denoted by US$. Dong Do is the strongest currency in the world so you can use it in any country. The US Dollar is in such a strong position because:

The US has always been the world's leading economic power for many years.
Many countries around the world cooperate and do business with the US and receive investment from the US.

It is also for the above reasons that the US dollar has a strong influence in the world and is used by many countries as their official currency.

The need to convert US dollars in Vietnam

In recent years, the amount of deposits at banks in USD has increased sharply, also because our country now has many channels to mobilize foreign currency capital.

Vietnamese people are paid salary and their income is paid in foreign currency when participating in work, joint venture capital contribution projects, 100% foreign investment.

The number of foreigners studying, working and living in Vietnam has increased significantly, so the payment for living and trading activities takes place regularly. Therefore, updating the exchange rate of USD to Vietnamese currency is of great interest to many people, knowing how to change USD to Vietnamese currency helps the need to change money faster.

How much is 1 billion USD in Vietnamese Dong?

The US dollar changes up and down continuously every hour, every day, so it is very difficult to say the exact price. You need to regularly update and monitor the change of the USD exchange rate to be able to convert USD to Vietnamese currency most accurately. To be able to know how much VND 1 billion is in Vietnamese Dong today, you can calculate in turn according to the following levels.

1 USD = 23,210 VND
10 USD = 232,100 VND
100 USD = 2,321,000 VND
1,000 USD = 23,210,000 VND
10,000 USD = 232,100,000 VND
100,000 USD = 2,321,000,000 VND
1,000,000 USD = 23,210,000,000 VND
10,000,000 USD = 232,100,000,000 VND
100,000,000 USD = 2,321,000,000,000 VND
1,000,000,000 USD = 23,210,000,000,000 VND

According to the above conversion method, customers can calculate USD 1 billion USD equal to VND 23,210,000,000,000 billion, this rate was last updated on May 27, 2022.

To be able to capture information about converting USD to Vietnamese dong in the most timely and fastest way, customers can use a foreign exchange rate calculator or can follow the USD exchange rate update table every day. date on reputable websites.

Exchange rates for buying and selling and converting dollars at some Vietnamese banks

In fact, the foreign currency conversion rates at some banks in Vietnam always differ from the announcements given by the State Bank, most of the money conversion is done at banks. Therefore, customers need to know the exchange rate information to choose the most suitable currency exchange bank.

Below are the exchange rates of some Vietnamese banks.

Bank	Buy cash	Buy transfer	Cash sale	Sell transfer
ACB	23,050	23.080	23,270	23,270
BIDV	23,035	23,035	23.315
HSBC	23,085	23,085	23.265	23.265
ABBank	23,000 won		23.020	23.020
Agribank	23.010	23.030	23,310
Vietcombank	23,005	23,035	23.315
Eximbank	23,060	23.080	23,270
Vietinbank	23,012	23,032	23.312
Indovina	23,065	23,075	23,270

Customers can refer to the USD exchange rate conversion information of the banks, then simply multiply it by the amount you want to transfer to get the corresponding amount.

Notes when changing 1 billion USD into Vietnamese currency

According to current regulations of law in Vietnam, when customers want to change from USD to VND, they must meet certain conditions, in which, they must choose a legal currency exchange location. Customers can only exchange dollars at banks and organizations prescribed by law.

Dollar has a high denomination, so when performing the money exchange process, customers need to pay attention to the following issues:

First of all, you must learn carefully about the dollar exchange rate because each bank will have different conversion fees.
Only change money at reputable and legal establishments and have foreign currency business licenses granted by the state to avoid breaking the law.
The procedure to convert USD in some gold and jewelry stores is simple, quick, and the exchange rate is higher than that of banks, but when converting money with high denominations, there are many potential risks. hazardous. Therefore, customers when exchanging money need to verify carefully before transacting and should ask the store to show a foreign currency business license to avoid financial loss.

Where can I exchange US dollars legally?

Each establishment will have different fees and procedures for converting foreign currencies. According to Circular 20/2011/TT-NHNN, people are only allowed to buy and sell foreign currencies in general and the dollar in particular at designated locations. licensing foreign currency trading under the operating network of credit institutions according to the provisions of law.

Exchange at commercial banks

Most commercial banks are licensed by the State Bank to trade and exchange foreign currencies. Therefore, all branches and transaction offices of commercial banks are legal USD and foreign currency exchange locations.

Customers can also go to business locations of credit institutions and foreign bank branches that are licensed to trade in foreign currency, these organizations all publicize their locations to buy and sell foreign currency in cash. the entire system on the website.

When going to the bank to change dollars into Vietnamese currency, you need to prepare:

Original valid ID/CCCD.
Declare information about currency exchange and purpose of use.

Exchange dollars at VietinBank multi-function ATM

In addition to exchanging money directly at branches and transaction offices of your bank, you can also change USD directly at VietinBank's multi-function ATM. VietinBank has installed multi-function ATMs with USD exchange feature at airports, commercial centers, etc. to meet the needs of shopping, performing related transactions, etc.

Exchange dollars at the airport

Major airports of our country such as Noi Bai airport, Tan Son Nhat airport, etc. all have foreign currency exchange counters of some banks such as VietinBank, BIDV, ACB, MSB, etc. money at these counters.

Exchange at gold and gem jewelry stores

Currency exchange at gold shops is chosen by many customers because the exchange rate is higher than that of commercial banks and especially the procedure is faster. However, not all gold shops are licensed by the state to exchange USD, only gold shops licensed to trade in foreign currencies have the right to exchange USD.

You can easily recognize gold shops licensed to exchange foreign currency through the following signs:

The signboard shows the name of the authorized credit institution. These establishments are units authorized by credit institutions or banks to become one of the reputable foreign currency buying and selling agents.
Each store may only act as an agent for one credit institution, and may only be located in the place where the credit institution's head office or branch is located.
Gold shops are licensed to trade in foreign currencies if they are located in amusement parks for foreigners, border gates, airline ticket offices, tourist destinations, etc. But they must meet all means such as: fax machine, safe, private transaction room,…
Employees working here must have a certificate issued by a credit institution, and be trained and trained in skills to recognize real and fake currency.

What are the denominations of the US Dollar?

The usual denominations of the US Dollars range from 1$ to 100$, each bill will print pictures of presidents or people who have made important contributions to the country, specifically:

1 dollar coin: Printed with the image of the first president of the United States, George Washington, with the image of the great seal of the United States on the back.
2 dollar bill: The front of the bill is the image of the third president Thomas Jefferson and the back of the bill is the image of the painting "Declaration of Independence" by artist John Trumbull.
$5 bill: President Abraham Lincoln's image is printed on the front and the back is a memorial to him.
The $10 bill: This note does not feature any president, but instead features the image of America's first Secretary of the Treasury - Mr. Alexander Hamilton.
$20 bill: The front is the image of the 7th president of the United States – Andrew Jackson, the back is printed with the White House.
The $50 coin: The front of the bill is the overall picture of Ulysses S.grant and the back is the US Capitol building - the Capitol.
$100 bill: The front of the bill is the image of President Benjamin Franklin, the reverse is Independence Hall in Philadelphia.

Up to the present time, the $100 bill is a large denomination note that is circulated and used, in the past the US used to have extremely large denominations such as $500, $1,000, $5000, $10,000, even $100,000, but now these denominations are no longer in use.

Conclusion

In the above article, lamchutaichinh.vn shared with customers detailed information about the conversion process from USD to Vietnamese currency as well as answered questions for customers about the conversion process. How much is 1 billion USD in Vietnamese Dong? in the most detail.

We hope that the information we share will help customers find a reputable, legal and safe place to change USD to Vietnamese currency to avoid penalties. Do not forget to follow other interesting articles of lamchutaichinh.vn to gain more useful knowledge in the financial field.

The article was edited by: Lamchutaichinh.vn