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5000 Đồng

Issuer National Bank of Vietnam
Year 1953
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Currency Second northern đồng (1951-1958)
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Obverse lettering Việt Nam Dân Chủ Cộng Hòa Năm Nghìn Đồng
(Translation: Democratic Republic of Vietnam Five Thousand Ðồng)
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Reverse lettering Ngân Hàng Quốc Gia Việt Nam
(Translation: National Bank of Vietnam)
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Comments

The National Bank of Vietnam was established only in 1951, and this 1953 series represented one of its earliest substantial emissions — issued while the First Indochina War was still being fought and French political authority over the territory remained deeply contested. Having the Banque de France print the notes was not a neutral logistical choice; it reflected the monetary arrangements underpinning the Associated State of Vietnam under Bảo Đại, which retained close financial ties to Paris even as the military situation deteriorated.

The 5,000 Đồng was the highest denomination in the series. At that value, it would rarely have passed through ordinary hands.