Philippine Peso to Vietnam Dong: Complete Exchange Rate Guide 2025

Understanding the exchange rate between Philippine Peso (PHP) and Vietnam Dong (VND) is essential for travelers, investors, and businesses operating between these two Southeast Asian economies. This comprehensive guide examines current conversion rates, historical trends, and key factors influencing the PHP to VND exchange value. Discover everything you need to know about converting Philippine Peso to Vietnam Dong with VTJ!

What is the Philippine Peso (PHP) and Why Does It Matter for Vietnamese Traders?

The Philippine Peso (symbol: ₱; ISO code: PHP) is the official currency of the Philippines, issued by the Central Bank of the Philippines (Bangko Sentral ng Pilipinas). This currency plays an important role in the economy of the country and the region.

Main Features:

• PHP is divided into 100 small units called centavos.
• The PHP currency comes in both coins and banknotes, with common denominations ranging from ₱20 to ₱1000.
• The PHP currency symbol (₱) is often used before the currency value (e.g. ₱50).

The Philippine Peso originated during the Spanish colonial period when the peso de ocho (Spanish silver coin) was widely used. After the Philippines gained independence, PHP was officially issued in 1949, and its design and security features have continuously improved.

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How Does the Philippine Peso Compare to Vietnam Dong?

- Philippine Peso (PHP) Rate Compared to Vietnamese Dong (VND)

The exchange rate between the Philippine Peso (PHP) and Vietnamese Dong (VND) fluctuates frequently due to the influence of many economic and political factors. According to data from the Central Bank of the Philippines (Bangko Sentral ng Pilipinas - BSP), the PHP/USD exchange rate in 2024 is as follows:

• January: 55.9723
• February: 56.0649
• March: 55.8493
• April: 56.9506
• May: 57.7619
• June: 58.6963
• July: 58.4845
• August: 57.1935
• September: 56.0713
• October: 57.3009
• November: 58.6947
• December: 58.4480

To convert from PHP to VND, you need to know the USD/VND exchange rate at the same time. Assuming the USD/VND exchange rate is 23,500 VND/USD, we have the formula:

1 PHP = (1 USD / PHP/USD exchange rate) × USD/VND exchange rate

Conversion Example: If the PHP/USD exchange rate is 55.9723 (January 2024) and USD/VND is 23,500. We can calculate as follows: 1 PHP = (1 / 55.9723) × 23,500 ≈ 419.88 VND

The exchange rate difference between PHP and VND depends on the fluctuations of both currencies against the USD. In 2024, the PHP/USD exchange rate fluctuated from 55.8493 to 58.6963, showing some volatility. However, to have a more accurate view of the difference, it is necessary to consider the USD/VND exchange rate in the same period.

What Are the Latest PHP to VND Exchange Rate Trends in 2025?

PHP/USD Exchange Rate Fluctuations: 

Based on data from the BSP, the PHP/USD exchange rate in 2024 is expected to increase slightly from 55.9723 in January to 58.4480 in December. This fluctuation reflects changes in the Philippine economy and the international market.

USD/VND Exchange Rate Fluctuations:

To accurately assess the PHP/VND exchange rate fluctuations, it is necessary to consider the USD/VND exchange rate during the same period. If the USD/VND exchange rate is stable, the PHP/VND fluctuation will be mainly due to changes in the PHP/USD exchange rate. Conversely, if the USD/VND fluctuates, both sides will affect the PHP/VND exchange rate. According to recent data, the PHP and VND exchange rates have fluctuated slightly in the range of 415–425 VND/1 PHP.

Causes of Exchange Rate Fluctuations:

• Monetary policy: BSP's decisions on interest rates and money supply directly affect the value of the PHP.
• Macroeconomic situation: The Philippines' GDP growth, inflation, and trade balance all affect the exchange rate.
• International factors: Fluctuations in the global financial market, especially the US monetary policy, affect the USD exchange rate and indirectly the PHP and VND.

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Reasons for the Philippine Peso's Appreciation

There are many reasons and factors that cause the Peso's appreciation, including the following main factors:

• Remittances from foreign workers: The Philippines receives a large amount of remittances every year from exported workers, helping to increase the value of the PHP.
• Strong exports: The Philippine economy relies heavily on exports, especially in the service and electronics manufacturing industries.
• Financial stability policy: The Philippine Central Bank applies a flexible monetary policy, effectively controlling inflation.

To recognize signs that the PHP is about to appreciate, you can refer to the following factors:

• Remittances increase sharply during the holiday season.
• Exports increase in strategic industries.
• Domestic interest rates are adjusted up.

Things to Note When Using the Philippine Peso

• Converting Philippine Peso: You should exchange PHP at major banks, airports, or reputable gold shops. Please check the exchange rate and service fee before exchanging.
• Foreign Exchange Rate Compared to Actual Exchange Rate: Foreign exchange rates on the interbank market may be lower than the exchange rate at money exchange points. This depends on the transaction fees and operating costs of the service providers.
• Risks When Investing in Currency: Investing in PHP may be risky due to exchange rate fluctuations, inflation, or changes in the Philippine government's financial policies. Closely monitor economic and political factors to make the right investment decisions.

Frequently Asked Questions About PHP to VND Conversion

What is the Official National Currency of the Philippines?

The official Philippine national currency is the Philippine peso (PHP).

What is the Official National Currency of Vietnam?

The Official National Currency of Vietnam is the Vietnamese Dong (VND).

How Much is ₱1000 Vietnamese Dong?

Convert to Vietnamese Dong: ₱1000 × 420 (current exchange rate) = 420,000 VND.

How Many Pesos Is 1000 Vietnamese Dong?

1000 VND ÷ 420 (current exchange rate) ≈ ₱2.38.

The Philippine Peso (PHP) is not only the official currency of the Philippines but also plays an important role in international transactions and the Southeast Asian region. The PHP/VND exchange rate fluctuates over time, so it is necessary to monitor the exchange rate and update economic information when using or investing in this currency.