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The State Bank of Vietnam resumed issuing coins on 17 December 2003. [17] The new coins, minted by the Mint of Finland, were in denominations of 200, 500, 1,000, 2,000, and 5,000 dong in either nickel-clad steel or brass-clad steel. Prior to its reintroduction, Vietnamese consumers had to exchange banknotes for tokens with a clerk before ...
In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government.
Originally, many thước of varying lengths were in use in Vietnam, each used for different purposes. According to Hoàng Phê (1988), [1] the traditional system of units had at least two thước of different lengths before 1890, [2] the thước ta (lit. "our ruler") or thước mộc ("wooden ruler"), equal to 0.425 metres (1 ft 4.7 in), and the thước đo vải ("ruler for measuring ...
The form Việt Nam is first recorded in the 16th-century oracular poem Sấm Trạng Trình. The name has also been found on 12 steles carved in the 16th and 17th centuries, including one at Bao Lam Pagoda in Hải Phòng that dates to 1558. [24] In 1802, Nguyễn Phúc Ánh (who later became Emperor Gia Long) established the Nguyễn dynasty.
A silver Phi Long coin of 1 tiền issued under the Minh Mạng Emperor in 1833. The term tiền (chữ Hán: 錢) is used to refer to various currency-related concepts used in Vietnamese history. The name is a cognate with the Chinese qián (錢), a unit of weight called "mace" in English.
The Vietnamese cash (chữ Hán: 文 錢 văn tiền; chữ Nôm: 銅 錢 đồng tiền; French: sapèque), [a] [b] also called the sapek or sapèque, [c] is a cast round coin with a square hole that was an official currency of Vietnam from the Đinh dynasty in 970 until the Nguyễn dynasty in 1945, and remained in circulation in North Vietnam until 1948.
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing.
The government (Việt Nam Dân Chủ Cộng Hòa) issued two forms of paper money for this currency, "Vietnamese banknotes" (Giấy Bạc Việt Nam) and "Credit notes" (Tín Phiếu). In 1946, banknotes were introduced in denominations of 20 and 50 xu, 1, 5, 20, 50, 100 đồng, together with credit notes for 1 đồng.