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| 正面描述 | Printed in dark brownish-red on plain paper, the obverse is framed by a simple ruled border with corner ornaments. A central vignette presents a portrait bust of Ho Chi Minh within a laurel wreath, flanked on each side by the denomination numeral '5$'. The legend 'VIET NAM DAN CHU CONG HOA' runs along the top, with two signature blocks below reading 'BAI DIEN CHINH PHU TRUNG UONG' at left and 'BAI DIEN U.B.H.C TRUNG BO' at right. |
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| 变体 | P#46a - lilac brown P#46b - blue green P#46c - olive P#46d - gray P#46e - blue |
| 备注 |
The Democratic Republic of Vietnam began issuing its own currency almost immediately after Ho Chi Minh's 1945 declaration of independence, but printing capacity was severely constrained. Notes from the 1949–1950 period were produced under wartime conditions during the First Indochina War, with the Viet Minh controlling limited territory and French forces actively interdicting supply lines. Quality and consistency across the series varied considerably as a result.
P#46 is known in multiple color varieties, reflecting interrupted print runs and ad hoc substitutions of available inks rather than any deliberate design revision.