VNDC describes itself as a stablecoin developed by Union VNDC that is pegged 1:1 to the Vietnamese dong (VND). It has ERC20 and BEP2 tokens. It claims to be supported by sufficient cash and equivalent assets. It aims to become a gateway that allows users to convert their fiat money to stable coin (and vice versa).

VNDC claims to be the first stable coin of Vietnam that offers staking at a 12% annual rate. This system can then be utilized as a mechanism for trading and hedging in the global crypto markets. VNDC comprises VNDC Reserve and VNDC Network. Commercial users, resellers, and issuers are required to be involved in VNDC Reserve or VNDC Network.