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1 Đồng

Issuer National Bank of Vietnam
Year 1964
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Reference(s) P#15
Obverse description Brown and olive intaglio print on a peach guilloche underprint. The bank title NGÂN-HÀNG QUỐC-GIA VIỆT-NAM is inscribed across the top. A large circular guilloche rosette with the numeral 1 occupies the left, while a central ornate oval cartouche bears the denomination MỘT ĐỒNG in relief lettering, flanked by foliate scrollwork. A large blank circular watermark area appears at right, with two signature fields below and a numeral 1 at lower right within a decorative panel.
Obverse lettering NGÂN-HÀNG QUỐC-GIA VIỆT-NAM
MỘT ĐỒNG
TỔNG KIỂM-SOÁT
GIÁM-ĐỐC SỞ PHÁT-HÀNH
HÌNH LUẬT PHẠT KHỔ-SAI NHỮNG KẺ NÀO GIẢ-MẠO GIẤY BẠC DO NGÂN-HÀNG QUỐC-GIA VIỆT-NAM PHÁT RA
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Comments

The National Bank of Vietnam's relationship with Thomas De La Rue stretched across much of the 1950s and '60s, a period when the Saigon government was simultaneously fighting a war, managing inflation, and trying to maintain the appearance of institutional normalcy. De La Rue printed for dozens of postcolonial governments at this time, and South Vietnamese notes from this era reflect that London-house quality — technically competent, politically neutral in execution.

The 1 Đồng denomination circulated at a level where notes absorbed real punishment. Low-value paper in wartime economies rarely survives in quantity.