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Decree No. 199/SL defines the "Viet" as the unit of currency in Vietnam.

Decree No. 199/SL of 1948 stipulates that the Vietnamese đồng is the official unit of currency, with specific characteristics regarding weight and gold content. This document establishes the legal foundation for the monetary system of Vietnam at that time.

Document No.199/SL
Document typeDecree
Issuing authorityMinistry of Finance
Signed byHồ Chí Minh — Chủ tịch Chính phủ
Updated20/06/2026
FieldUncategorized
Issued date08/07/1948
Effective date23/07/1948
Expiry date30/04/1975
StatusExpired
✦ Smart summary

Decree No. 199/SL of 1948 stipulates that the Vietnamese đồng is the official unit of currency, with specific characteristics regarding weight and gold content. This document establishes the legal foundation for the monetary system of Vietnam at that time.

Scope of application

All individuals and organizations within the jurisdiction of the Government of the Democratic Republic of Vietnam

Key points

  • The official unit of currency in Vietnam is the "Viet" (Article 1)
  • The "Viet" has a weight of 0g,375 pure gold (Article 2)
  • The relationship between the "Viet" and current banknotes will be specified in another decree (Article 3)
  • The Minister of Finance is responsible for implementing this decree (Article 4)
  • This decree takes effect from the date of signature

🌐 Social impact of this document

  • Establishing a unified unit of currency for the national economy
  • Difficulties in implementation due to shortages of gold and financial difficulties at that time

❓ Frequently asked questions

What is the official unit of currency in Vietnam?

Vietnamese đồng

What is the weight of the "Viet"?

0g,375 pure gold

Full text

DECREE-LAW

NO.: 199 DATE: JULY 8, 1948

OF THE CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM

 

CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM

- CONSIDERING the current financial situation,

- AT THE PROPOSAL of the Minister of Finance,

- AFTER CONSULTATION with the Standing Committee of the National Assembly and the Council of Ministers,

ENACTS:

Article 1

The currency unit of Vietnam is the "Viet" (Việt).

Article 2

One "Viet" is a gold coin weighing 0.375 grams of pure gold.

Article 3

The relationship between the "Viet" and the current Vietnamese banknotes shall be determined by a subsequent decree-law.

Article 4

The Minister of Finance is responsible for implementing this decree-law.

 

Ho Chi Minh

(Signed)

 

 

 

 

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Relations map

↑ Basis & documents that affect this document
Annulled by 1
245/SL Sắc lệnh số 245/SL ấn định phụ cấp hàng tháng cho các vị trong ban Thường vụ và Thường trực Quốc hội Expired
199/SL
Decree No. 199/SL defines the "Viet" as the unit of currency in Vietnam.
Expired

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