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20 Ðồng

Issuer Ngân Hàng Nhà Nước Việt Nam (State Bank of Vietnam)
Year 1969
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Reference(s) P#74A
Obverse description Portrait of Hồ Chí Minh in red intaglio at left-center, set against a light guilloche underprint with floral motifs. The national emblem of the Democratic Republic of Vietnam appears to the right of the portrait, with the denomination numeral '20' in dark intaglio at far right. The top inscription reads 'NƯỚC VIỆT NAM DÂN CHỦ CỘNG HÒA' and the lower legend 'HAI MƯƠI ĐỒNG' runs across the bottom, with elaborate dark ornamental borders framing all four sides.
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Reverse description Central vignette in red intaglio illustrates an agricultural scene with a crawler tractor ploughing fields in the foreground and additional farm machinery visible in the background landscape. Dark ornamental guilloche borders frame the note on all sides, with the denomination numeral '20' repeated at left and right. The issuer inscription 'NGÂN HÀNG NHÀ NƯỚC VIỆT NAM' is printed at the top, the legend 'HAI MƯƠI ĐỒNG' at the bottom, and the date '1969' centered below the vignette.
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Comments

This note belongs to the Democratic Republic of Vietnam's wartime issue series — printed during a period when the northern economy was under sustained American bombing and the government had relocated significant portions of its financial administration out of Hanoi. The State Bank continued issuing currency through these years partly to assert administrative normalcy and partly to manage the inflationary pressure generated by war expenditure.

Pick 74A is distinguished from the closely related 74B by its serial number configuration. The difference is minor but matters to specialists working this series, where paper and print variations are the primary collecting criteria.