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50 Đồng

Issuer State Bank of Vietnam
Year 1985
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Currency Second new đồng (1985-date)
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Obverse description Multicolour note with a dominant green and brown palette, centred on an intaglio portrait of Hồ Chí Minh within a circular guilloche vignette to the right. The national emblem of the Socialist Republic of Vietnam appears in green at upper centre, flanked by the denomination numeral "50" in ornate guilloche cartouches at upper left and lower left. An elaborate rosette underprint in lavender and green occupies the left field, with a two-letter, seven-digit serial number printed in red appearing twice. The date "1985" is printed at lower left.
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Protection type Watermark
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Comments

This note belongs to the 1985 currency reform series, through which Vietnam redenominated at a rate of 10 old đồng to 1 new — the country's second such redenomination since reunification. The reform was driven by severe inflation and a failing command economy, conditions that worsened considerably before the Đổi Mới liberalization began in 1986.

A print run of just over twelve million is modest for a circulating denomination and likely reflects the chaotic supply conditions of the period rather than any deliberate policy of scarcity. Paper quality on this series is notoriously inconsistent.