Catalog
500 000 Đồng
| Issuer | State Bank of Vietnam (Ngân hàng Nhà nước Việt Nam) |
|---|---|
| Year | 2003-2021 |
| Type | Standard circulation banknote |
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| Obverse description | Blue and turquoise polymer note with multicoloured underprint and ornamental guilloche patterning throughout. A facing portrait vignette of Hồ Chí Minh occupies the centre right, with the national emblem of the Socialist Republic of Vietnam at centre left and a see-through window registration device at top left and far right. Two serial numbers appear on the obverse: a vertical red serial number at far left and a horizontal black serial number at bottom right, with a portrait watermark of Hồ Chí Minh visible at far left. |
|---|---|
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| Reverse lettering | 500.000 NGÂN HÀNG NHÀ NƯỚC VIỆT NAM NĂM TRĂM NGHÌN ĐỒNG 500.000 (Translation: 500.000. State Bank of Vietnam. Five hundred thousand đồng.) |
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| Comments |
Vietnam's 500,000 đồng note was the country's highest denomination when introduced in 2003, a necessary response to inflation that had steadily eroded the practical value of lower notes through the 1990s. Production was split between Note Printing Australia and Vietnam's own National Banknote Printing Plant — an arrangement that allowed domestic capacity to develop while NPA provided the polymer substrate expertise.
Polymer adoption in Vietnam followed Australia's lead; the Reserve Bank of Australia had championed the technology since 1988, and NPA became the primary exporter of the format globally. The 500,000 đồng was among the higher-value polymer notes in circulation anywhere in the world at its introduction.