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5 Đồng

Issuer Government of the Democratic Republic of Vietnam
Year 1948
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Reference(s) P#17
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Reverse description Printed in red, the reverse centres on a large map vignette of Vietnam flanked by two standing figures — one at left and one at right — with a water buffalo visible in the central composition. The denomination 'NĂM ĐỒNG' is inscribed in large bold lettering at centre, above 'GIẤY BẠC VIỆT NAM' along the lower margin. Chinese-script legends appear in a rectangular panel at upper centre, with additional Khmer-script text at lower left. Two facsimile signature blocks appear below the map vignette, one at each side, with printed title designations. The serial number and prefix appear in the lower register.
Reverse lettering 越南民主共和
NĂM ĐỒNG
GIẤY BẠC VIỆT NAM
ĐẠI DIỆN BỘ TRƯỞNG BỘ TÀI CHÍNH
CHỦ TỊCH ỦY BAN KẾ NAM BỘ
ĐẠI DIỆN TỔNG GIÁM ĐỐC NGÂN KHỐ QUỐC GIA
GIÁM ĐỐC NGÂN KHỐ NAM BỘ
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Comments

The Democratic Republic of Vietnam's early emission notes were produced under wartime conditions during the First Indochina War, when the Việt Minh government had no access to established printing facilities. This 5 Đồng was issued amid active French attempts to suppress both the new government and its currency — the French administration continued pushing their own Indochinese piastre in contested zones, making the DRV notes as much a political instrument as a transactional one.

Production quality across the P#17 series is inconsistent, a direct consequence of decentralized wartime printing. Ink registration problems and paper variation between surviving examples suggest multiple printing locations rather than a single controlled press run.

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