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10 Đồng
| Issuer | Ngân Hàng Quốc Gia Việt Nam (National Bank of Vietnam) |
|---|---|
| Year | 1952 |
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| Shape | Rectangular |
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| Obverse description | The obverse is printed in brown monochrome and carries a portrait vignette of Hồ Chí Minh at the lower left, set against a rural scene of peasant farmers harvesting rice in the fields to the right. The country title VIỆT-NAM DÂN-CHỦ CỘNG-HÒA appears in an arc at the upper left, with a regional circulation restriction notice at upper centre naming the provinces Cần Thơ, Bạc Liêu, Sóc Trăng, Long Châu and Hà. The denomination 10 is stated at the lower right, with the inscription GIẤY BẠC VIỆT NAM and ĐỒNG below, while a banner bearing Chinese characters appears beneath the portrait. |
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| Obverse lettering | VIỆT-NAM DÂN-CHỦ CỘNG-HÒA CHỈ LƯU HÀNH TRONG CÁC TỈNH CẦN THƠ * BẠC LIÊU * SÓC TRĂNG * LONG CHÂU * HÀ GIẤY BẠC VIỆT NAM 10 ĐỒNG 越南民主共和 |
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The National Bank of Vietnam was established in 1951 as the monetary authority of the Associated State of Vietnam — still formally within the French Union but operating with its own currency, the đồng, replacing the Indochinese piastre at par. These early issues were a direct assertion of institutional independence, even as French forces remained engaged across the country.
Thomas De La Rue printed the series in London. P#37A is the more elusive of the two signature varieties catalogued for this denomination, which accounts for the premium it reliably attracts over its counterpart.