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100 Dong

Issuer Government of the Democratic Republic of Vietnam
Year 1950
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Currency First northern đồng (1946-1951)
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Obverse description Central vignette of Ho Chi Minh in bust portrait set within a large five-pointed star, flanked on either side by woodcut-style relief panels of Vietnamese workers and soldiers. The upper panel carries the inscription VIET NAM DAN CHU CONG HOA, Chinese-script characters appear along the lower centre, and the denomination numeral 100 is printed in each lower corner.
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Reverse lettering MOT TRAM DONG
GIAY BAC VIET NAM
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Comments

The Democratic Republic of Vietnam's 1950 currency issues came during the First Indochina War, when the Việt Minh government was operating largely in the rural north and along the Chinese border — well outside any functioning central banking infrastructure. Notes of this series were printed under difficult wartime conditions, and the 100 Đồng was among the higher denominations circulated to fund military logistics and administration in liberated zones.

Pick 33 is scarcer than its face value might suggest. Wartime paper stock was inconsistent, and surviving examples frequently show natural foxing or moisture damage attributable to storage in the jungle-adjacent conditions of the resistance economy.

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