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| Issuer | National Bank of Vietnam (Ngân Hàng Quốc Gia Việt-Nam) |
|---|---|
| Year | 1951 |
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| Size | 143 × 78 mm |
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|---|---|
| Obverse lettering | 500 VIỆT-NAM DÂN CHỦ CỘNG HÒA 和共主民南越 元佰伍 NAM TRAM DONG |
| Reverse description | A central intaglio vignette occupies most of the face, showing a group of farmers in conical hats working a field with hand tools, set against a distant rural landscape. A large guilloche rosette bearing the numeral 500 anchors the left side, flanked by ornate floral border panels. The issuing bank name runs across the top between decorative rosette ornaments, and the year 1951 appears in a cartouche at the bottom center. |
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| Comments |
The National Bank of Vietnam was established by the State of Vietnam under Bảo Đại in January 1952, but this note is dated 1951 — reflecting the practice of backdating the first series to the bank's legislative authorization rather than its operational date. France retained direct involvement through the Banque de France as printer, an arrangement that suited neither Vietnamese nationalists nor the Việt Minh, both of whom viewed the currency as evidence of continued French financial control dressed in nominally independent clothing.
The Banque de France's intaglio work on this series is among the finer printing produced for any Southeast Asian issuer of the period.