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50 000 Đồng

Issuer State Bank of Vietnam (Ngân hàng Nhà nước Việt Nam)
Year 2003-2023
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Printer National Banknote Printing Plant (Nhà Máy In Tiền Quốc Gia), Hanoi, Vietnam (1991-date); Note Printing Australia, Melbourne, Australia (1998-date)
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Reverse description A detailed intaglio vignette of the Văn Miếu (Temple of Literature) pavilion complex in Huế occupies the central field, surrounded by a fine guilloche underprint in pink and rose tones; a stylized compass-rose ornament appears at upper left alongside the denomination 50000 in large numerals at lower right. The issuing bank inscription is printed in letterpress across the top margin.
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Protection description Portrait watermark of Hồ Chí Minh visible when held to light; electrotype letters 'V' and 'N' watermark; embedded security thread; optically variable device (OVD) patch at right on obverse
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Vietnam's polymer series, introduced from 2003, was a deliberate shift away from the cotton-paper notes that had plagued the country with counterfeiting problems through the 1990s. The 50,000 Đồng was among the first denominations converted. Notably, production has been split between Note Printing Australia — which supplied the base polymer substrate and initial print runs — and Vietnam's own National Banknote Printing Plant, which took on increasing manufacturing responsibility as domestic capacity expanded.

The P#121 series has remained in continuous issue for over two decades with no major redesign, an unusually long uninterrupted run for a mid-range denomination in a country that has periodically restructured its currency.