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50 Đồng

Issuer State Bank of Vietnam
Year 1985
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Currency Second new đồng (1985-date)
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Obverse lettering CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM NĂM MƯƠI ĐỒNG 1985
Reverse description Printed predominantly in deep green with pink guilloche ornamentation at the margins, the reverse carries a detailed engraved vignette of a large hydroelectric dam and power station — identified as the Thác Bà hydroelectric plant — set against a mountainous landscape with a broad reservoir in the background. Lotus flower ornaments appear in the lower corners alongside the numeral "50". The denomination in full, "NĂM MƯƠI ĐỒNG", is inscribed within a solid panel at the bottom of the note.
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Comments

This note belongs to the 1985 currency reform series, through which Vietnam redenominated at a rate of 10 old đồng to 1 new — the country's second such redenomination since reunification. The reform was driven by severe inflation and a failing command economy, conditions that worsened considerably before the Đổi Mới liberalization began in 1986.

A print run of just over twelve million is modest for a circulating denomination and likely reflects the chaotic supply conditions of the period rather than any deliberate policy of scarcity. Paper quality on this series is notoriously inconsistent.

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