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500 Đồng

Issuer Việt-Nam Dân-Chủ Cộng-Hòa (Democratic Republic of Vietnam)
Year 1950-1951
Type Standard circulation banknote
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Obverse description The obverse is framed by an intricate guilloche border with floral and geometric underprint elements. At centre, a vignette of two labourers — one hoeing and one shouldering a carrying pole — is set against a hatched background, with a portrait of Chủ tịch Hồ Chí Minh to the right in an oval frame rendered in fine intaglio line work. The denomination '500' appears in large numerals at lower centre, flanked by signature panels inscribed 'ĐẠI DIỆN CHÍNH PHỦ TRUNG ƯƠNG' and 'ĐẠI DIỆN U.B.H.C. TRUNG BỘ', each bearing a manuscript signature.
Obverse lettering VIỆT-NAM DÂN-CHỦ CỘNG-HÒA
TÍN PHIẾU
NĂM TRĂM ĐỒNG
500
ĐẠI DIỆN CHÍNH PHỦ TRUNG ƯƠNG
ĐẠI DIỆN U.B.H.C. TRUNG BỘ
CHỦ TỊCH HỒ CHÍ MINH
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Comments

The Democratic Republic of Vietnam issued this note during a period of active armed conflict with French forces — the First Indochina War was at its peak, and the Việt Minh government was operating without fixed territorial control over most urban centers. Printing under those conditions meant no single established facility, and several denominations from this era show inconsistencies in ink saturation and registration that reflect improvised production circumstances.

Pick 57 belongs to a series that was the DRV's primary tool for financing a guerrilla economy — taxation in kind supplemented by paper currency that circulated mainly in liberated zones. French-controlled areas treated these notes as contraband.

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