Vietnam Marks 18 Years of Polymer Banknotes

The State Bank of Vietnam (SBV) is celebrating not just its 70th anniversary, and the 30th anniversary of the National Banknote Printing Plant, but is also marking its 18th year of using polymer banknotes from CCL Secure.

The SBV was among the first countries to adopt polymer for all its banknotes. It began its transfer to polymer in 2003 with the issue of new 50,000 and 500,000 Vietnamese dong (VND) notes. Four other denominations – the VND 10,000, 20,000, 100,000 and 200,000 notes – followed suit.

‘Looking back on the journey of our polymer banknotes, we can clearly see the superiority, benefits, and economic efficiency from SBV’s good decisions to promote polymer banknotes,’ said the Bank.

The primary reason for moving to polymer was to reduce the level of counterfeit notes in circulation, which has been successfully achieved.