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10 Ðồng
| Issuer | National Bank of Vietnam |
|---|---|
| Year | 1951 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | VIỆT NAM DÂN CHỦ CỘNG HÒA 越南民主共和 (Translation: Democratic Republic of Vietnam) MUOI DONG |
| Reverse description | A panoramic intaglio vignette occupies the central field, illustrating a rice-paddy scene with farmers ploughing flooded fields using water buffalo at left and workers transplanting seedlings at right, rendered in fine line engraving. A circular guilloche medallion bearing the numeral 10 is centred in the lower portion of the vignette. The denomination in Chinese characters and the legend MUOI DONG appear to the lower right, while a five-pointed star within a circular device is positioned at the upper left corner. |
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| Comments |
The National Bank of Vietnam was established by the Associated State government in 1951, the same year this note entered circulation — making it among the first issues from an institution that had existed for only months. De La Rue printed the series in London at a moment when Saigon's monetary infrastructure was being built from scratch, separated from the Indochinese piastre system that had governed the region under French colonial banking.
The Bảo Đại government's new currency faced an immediate credibility problem: the Việt Minh had been issuing their own notes since 1946, and competing paper currencies were circulating in contested territories simultaneously.