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200 Ðồng

Issuer National Bank of Vietnam
Year 1955
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Composition Paper
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Obverse lettering Ngân-Hàng Quốc-Gia Việt-Nam
Hai Trăm Đồng
Thủ-Quỹ Trung-Ương
Tổng-Kiểm-Tra
Việt-Nam
(Translation: National Bank of Vietnam / Two Hundred Đồng / Central Treasurer / Inspector General / Vietnam)
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Reverse lettering Việt-Nam
Hai Trăm Đồng
Hình luật phạt khổ-sai những kẻ làm giả giấy bạc do Ngân-Hàng Quốc-Gia Việt-Nam phát ra
Security Banknote Company
(Translation: Vietnam / Two Hundred Đồng / The law punishes with hard labour those who counterfeit banknotes issued by the National Bank of Vietnam / Security Banknote Company)
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Comments

The National Bank of Vietnam was established in 1951, and this 1955 issue belongs to the early years of the southern state's attempt to build independent monetary infrastructure following the Geneva Accords. The SBNC contract is consistent with a broader pattern — several young postcolonial governments turned to American security printers during this period as French banking relationships dissolved.

The question mark against the SBNC attribution in standard references reflects genuine uncertainty; the printer's own records from this era are incomplete, and the Philadelphia origin is inferred from stylistic and paper analysis rather than confirmed documentation.