Often when the Indian rupee is discussed, it is compared with the US dollar, where the rupee looks weak. However, in some countries of the world the Indian Rupee is so strong that your small amount turns into lakhs as soon as you reach there. Today in currency comparison we are talking about Vietnam. Vietnam, located in South-East Asia, is known worldwide for its natural beauty. For Indians, this country is considered a paradise for middle class Indians.
According to the current exchange rate, the Indian Rupee is much stronger against the Vietnamese currency. According to the report of Vice.com, 1 Indian Rupee is equal to about 293 Vietnamese Dong there. This means that if you go to Vietnam with Rs 1 lakh from India, then this amount gets converted into approximately 29 lakh 41 thousand dong. The numbers may sound shocking, but this is the reason why Indians find things there to be extremely cheap.
Important things related to Vietnam’s currency
The official currency of Vietnam is the Vietnamese Dong, abbreviated as VND. This currency is issued by the State Bank of Vietnam. It is the only legal payment medium in the country. Although US dollars are sometimes accepted in many places and hotels, the Dong is the most popular currency in the local market. Let us tell you that Dong has been the official currency of Vietnam since 1978 and it had replaced the French Indochinese Piastre.
Do you really feel like a millionaire there?
It is important to understand that merely having more currency does not make one rich. The prices there are also decided according to the local economy, but it is certain that due to the strength of the Indian rupee, traveling, living and shopping in Vietnam becomes very comfortable and economical for Indians.
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