200 000 Đồng

Vietnam's polymer series, introduced progressively from 2003, marked the first time the country printed its own polymer notes domestically — the National Banknote Printing Plant in Hanoi acquired Guardian® substrate-compatible equipment rather than outsourcing to Note Printing Australia as many adopting nations do. The 200,000 đồng denomination sits near the top of the current series and has remained in continuous production across nearly two decades with no major design revision, an unusually long uninterrupted run for a high-value note in a developing economy with persistent inflationary pressure.

The optically variable ink on this denomination was a later security addition to the polymer series, introduced after counterfeit polymer notes — crude by professional standards — began appearing in southern provinces in the mid-2000s.