The E-Sylum:  Volume 9, Number 19, May 7, 2006, Article 24

VIETNAM ISSUES POLYMER NOTES

"The State Bank of Vietnam (SBV) will issue VND20,000 polymer
notes into circulation from May 17, 2006. The existing cotton
VND20,000 notes will continue to circulate concurrently.

The polymer VND20,000 note is 136mm x 65mm, and the dominant
colour remains dark blue. The words Cong hoa xa hoi chu nghia
Viet nam (Socialist Republic of Vietnam) appear on one side
of the note, alongside the national coat of arms, a portrait
of President Ho Chi Minh, and the nominal value of the note
(VND20,000 in both numerals and in words)."

"Nguyen Chi Thanh, Head of the Vault and Treasury Department
under the SBV said that the central bank submitted to the
Government the plan to issue polymer notes with the face value
of VND10,000 and VND20,000 in April. The plan was approved by
the Government in decision No 647 dated April 24."

"Mr Thanh revealed that the central bank will introduce the set
of Vietnamese currencies (including polymer and coins) in the
near future. SBV will no longer issue notes of value less than
VND10,000, as these denominations will be replaced by coins."

To read the complete article (and view images of the notes) see:
Full Story
[I checked with our Vietnam expert, Howard Daniel, and he writes:
"You might add that the back design has the Japanese Bridge in Hoi An,
and that the 10,000 Dong polymer note was not issued because too
many were printed for the lunar new year (Tet) and not enough were
withdrawn from the banks as gifts to children.  So it will be issued
later in the year.  There are also 200,000 and 1,000,000 Dong polymer
notes to be issued in the next year or so."

  Wayne Homren, Editor

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