Monday, May 25, 2009

Vietnam - Polymer Banknotes

Even though Vietnam was not the first Asian country that issued the first polymer note, it was the first Asian country and fourth country in the world (after Australia, New Zealand and Romania) that fully converted into polymer notes for its general circulation. Vietnam issued its first 50 Dong commemorative polymer note in summer 2001 by the State Bank of Vietnam in conjunction with its 50th Anniversary.

From December 2003 to August 2006, Vietnam issued the general circulating polymer notes in the denomination of 10000, 20000, 50000, 100000, 200000 and 500000 Dong. The front of these polymer notes feature the portrait of Ho Chi Minh, a famous Vietnamese nationalist leader and President of North Vietnam from 1954 to 1969. He led an army that won the French Indochina War from 1946 to 1954. He was also the main key personnel that led the North Vietnam's struggle to defeat the U.S. supported government in South Vietnam. The North Vietnam and South Vietnam were reunified in 1976 after the North army defeated the the South. Unfortunately, Ho Chi Minh was unable to see the victory by himself. He died seven year earlier before the reunification.

The back of these polymer notes depict the various famous buildings or scenes in Vietnam as described below. The Vietnamese words "NGAN HANG NHA NUOC VIET NAM" means "The State Bank of Vietnam". The Vietnamese words printed in the middle bottom of the notes describe the note value i.e. "MUOI NGHIN DONG" means "Ten Thousand Dong"

10,000 Dong


This 10,000 Polymer note was issued on 30 August 2006. The front features the portrait of Ho Chi Minh at the right and the Vietnamese Coat of Arms at centre left. The back depicts the petroleum industry, a developing economic sector in Vietnam. Vietnam is the third largest oil producer among the Association of South East Asian Nations (ASEAN) countries.

20,000 Dong


This 20,000 Dong was issued on 17 May 2006. The front features the portrait of Ho Chi Minh at the right and the Vietnamese Coat of Arms at centre left. The back depicts the Japanese covered bridge over the Thu Bon river in the ancient town of Hoi An in the Quang Nam province. The bridge was built by the Japanese in 1593 and still intact as today.

50,000 Dong


This 50,000 Dong was issued on 17 December 2003. The front features the portrait of Ho Chi Minh at the right and the Vietnamese Coat of Arms at centre left. The back depicts a pagoda, one of the pre-eminent architectural structures of Vietnam as seen in Hue, the former capital of Vietnam. Hue lies between Vietnam's two rice-growing regions, the Red River delta in the north and the Mekong delta in the south.

100,000 Dong

This 100,000 Dong was issued on 1 September 2004. The front features the portrait of Ho Chi Minh at the right and the Vietnamese Coat of Arms at centre left. The back depicts Van Mieu and Quoc Tu Giam in the centre. Van Mieu or the Temple of literature is dedicated to Confucius and is representative of Confucian ways of thought and behaviour. Founded in 1070, it is the oldest school in Vietnam, giving it the distinction of being the most significant temple in Vietnam. Quoc Tu or the National University, established in 1076, is located next to the Van Mieu temple. Nowadays used as a park, Van Mieu and Quoc Tu served as educational institutions of national significance for over eight centuries.

200,000 Dong


This 200,000 Dong was issued on 30 August 2006. The front features the portrait of Ho Chi Minh at the right and the Vietnamese Coat of Arms at centre left. The back depicts an image from the Ha Long Bay in the Quang Ninh province of North-East Vietnam. Ha Long Bay covers an area of 1,553 square kilometres and comprises 1,969 islands with great biodiversity. A part of this area has been declared a UNESCO World Heritage Site for its exceptional natural beauty and significant geomorphic and physiographic features. Ha Long, which literally translates as "the bay of descending dragons", has been called "a wonder of the earth erected towards the high sky" by a famous Vietnamese poet.

500,000 Dong


This 500,000 Dong was issued on 17 December 2003. The front features the portrait of Ho Chi Minh at the right and the Vietnamese Coat of Arms at centre left. The back depicts Ho Chi Minh’s birth place in Kim Lien village located in central Vietnam.

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