1 Đồng

Pick 1 is the founding issue of the National Bank of Vietnam, established after the 1954 Geneva Accords partitioned the country and ended French Indochinese monetary authority in the south. The Bảo Đại-era piastre had to go; this note was part of the new Vietnamese đồng series introduced to assert an independent monetary system under the Ngô Đình Diệm government.

Bradbury Wilkinson's New Malden facility handled a great deal of postcolonial currency work in this period, and the production quality is characteristically high. The single security layer — watermark only — reflects the note's low face value rather than any deficiency in the printing contract.