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500 Ðồng

Issuer National Bank of Vietnam (Ngân-Hàng Quốc-Gia Việt-Nam)
Year 1955
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Shape Rectangular
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Obverse description Central vignette of the Thiên Mụ (Linh Mụ) Pagoda in Huế, rendered in intaglio with fine line engraving against a blue guilloche underprint. The denomination numeral 500 appears in large oval cartouches to the left and right of the central vignette, with the bank title inscription along the top margin and the denomination in Vietnamese across the lower portion. Two serial numbers in red are printed in the upper field flanking the central tower.
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Reverse lettering Việt-Nam Năm Trăm Đồng
Hình Luật Phát Khử Sai Những Kẻ Nào Làm Giả Mạo Giấy Bạc Do Ngân-Hàng Quốc-Gia Việt-Nam Phát Hành
(Translation: Vietnam Five Hundred Đồng; Counterfeiting banknotes issued by the National Bank of Vietnam is punishable by law)
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The National Bank of Vietnam was established only in 1951, and this 1955 series represented its first substantive effort to issue notes printed to international security standards rather than relying on the French colonial piastre infrastructure that had preceded it. The American Bank Note Company contract placed Saigon's monetary apparatus firmly within the Western camp at a moment when the Geneva Accords had just partitioned the country and Ngô Đình Diệm was consolidating power in the South.

P#10 is the highest denomination in the ABNC-printed 1955 series, making it the note most likely to have been held rather than spent — high-value notes in Vietnam during this period circulated poorly at the street level.

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