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100 Dong loan bond for construction of hospital and subsidized high voltage power line
| Issuer | Socialist Republic of Vietnam, Department of Finance |
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| Year | |
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| Currency | Second new đồng (1985-date) |
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| Obverse description | Multicolour letterpress bond with a central vignette of a high-voltage electricity pylon set against a red rising sun, flanked left by a blue laurel wreath enclosing the legend CHO VAY in red. Lower right carries a green vignette of a multi-storey hospital block, upper right a Red Cross emblem and a yellow denomination tablet reading 100đ. An ornate red scrollwork border frames the design. |
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| Obverse lettering | Log in to see details |
| Reverse description | Plain white reverse printed in black letterpress, laid out as a loan certificate form with ruled blank lines for the holder's name, address, identity card number, loan amount in words, date and place, and rice price at time of loan. Lower right bears a pre-printed facsimile signature above the title GIÁM ĐỐC SỞ TÀI CHÁNH. |
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| Comments |
Vietnam issued a series of purpose-designated loan bonds in the 1980s tied to specific infrastructure targets — hospitals, irrigation works, power lines — as a mechanism to raise domestic capital during a period when the state budget was severely strained by post-reunification reconstruction costs and the ongoing embargo that cut off most Western lending. These bonds were not voluntary investments in any meaningful sense; state employees and cooperative members were routinely assigned purchase quotas through their work units.
The pairing of hospital construction with high-voltage power line subsidization on a single instrument is unusual and reflects the ad hoc fiscal planning of the period rather than any coordinated bond program.