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1 Ðồng

Issuer Government of the Democratic Republic of Vietnam
Year 1947
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Reference(s) P#9
Obverse description A three-quarter portrait of Hồ Chí Minh occupies the central vignette, set against a dense letterpress underprint of repeated text reading "VIET-NAM DAN CHU CONG HOA" in both Latin script and Chinese characters. Large numeral "1$" flanks the portrait on either side, with Khmer and Chinese denomination equivalents in the upper lateral panels; serial number blocks appear at lower left and lower right, each above a handwritten signature, with the titles "GIAM ĐỐC NGÂN KHO TRUNG UONG" and "BỘ TRƯỞNG BỘ TÀI CHÍNH" respectively. An ornamental border with corner rosettes frames the design, and the legend "GIÂY MỘT ĐỒNG" is contained within a rectangular cartouche at bottom centre.
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Variants P#9a - without watermark
P#9b - watermark: "VNDCCH" horizontal & vertical
P#9c - watermark: oval with "VIETNAM"
P#9d - watermark: circle with star
Comments

The Democratic Republic of Vietnam began issuing its own currency almost immediately after Hồ Chí Minh proclaimed independence in September 1945, a direct challenge to the French colonial piastre still circulating in the region. This 1947 emission came during active French military operations to reassert control — the Việt Minh government was functioning largely from jungle redoubts in the Việt Bắc, and note distribution under those conditions was genuinely improvised.

Printing quality across the P#9 series is inconsistent, a known consequence of limited facilities and wartime supply constraints rather than collector damage.

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