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5 Hào
| Issuer | National Bank of Vietnam |
|---|---|
| Year | 1958 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Third northern đồng (1959-1978) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | NƯỚC VIỆT NAM DÂN CHỦ CỘNG HÒA NAM HÀO NGÂN HÀNG QUỐC GIA VIỆT NAM (Translation: Democratic Republic of Vietnam, Five Hào, National Bank of Vietnam) |
| Reverse description | A vignette of the Nam Định Textile Factory — historically the largest textile establishment in Indochina, located in Nam Định Province — occupies the central field, with the spelled denomination below the factory scene. The design is framed by fine lathe-work borders characteristic of the series, with the year date and a production-emulation slogan inscribed across the lower portion of the note. |
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| Comments |
The National Bank of Vietnam's 1958 small-denomination notes were issued during a period of intensive infrastructure investment in the Democratic Republic of Vietnam, when low-value fractional currency needed to absorb daily retail transactions in a largely cash-dependent economy with minimal banking penetration outside Hanoi. The 5 Hào sat below the threshold where counterfeiting was economically worthwhile, which likely contributed to a more relaxed security specification relative to higher denominations in the same series.
Pick 70 is among the more elusive entries in the 1958 series — surviving circulated examples routinely show heavy fold wear consistent with prolonged use in humid tropical conditions, which degrades this paper type faster than comparable European issues of the same decade.