200 Đồng

The National Bank of Vietnam issued this note during a period when South Vietnam's economy was under severe strain from wartime inflation and heavy US dollar inflows tied to military spending. The 200 Đồng denomination sat at the upper end of the series at the time of issue, reflecting piastre purchasing power already well eroded from earlier decades.

Bradbury Wilkinson, based in New Malden, had an extensive record printing currency for former British territories and newly independent nations across Asia and Africa — Vietnam was a commercially contracted client, not a colonial one. The watermark-only security specification was modest even by mid-1960s standards.