Vietnam issues polymer notes
 

The E-Sylum

Volume 9, Number 19, Article 24

07.05.06

"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."