Face:

coat of arms of Vietnam Republic; National Bank of Vietnam building in Saigon; denomination;

Text:

NGÂN-HÀNG QUỐC-GIA VIỆT-NAM = National Bank of Vietnam;
VIET-NAM CONG-HOA = Vietnam Republic;
HAI TRĂM ĐỒNG = Two hundred dong;
TỔNG KIỂM-TRA = Inspector General
[signature: Nguyễn Văn Dõng];
THỦ-QUỶ TRUNG-ƯƠNG = Central Cashier
[signature: Từ Văn Quý];

Back:

boats; denomination;

Text:

VIỆT-NAM = Vietnam;
HAI TRĂM ĐỒNG = Two hundred dong;
HÌNH LUẬT PHẠT KHỔ-SAI NHỮNG KẺ LÀM GỈA MẠO GIẤY BẠC DO NGÂN-HÀNG QUỐC-GIA VIỆT-NAM PHÁT RA
= Criminal law centences to penal labor for counterfeiting paper money issued by the National Bank of Vietnam;

No watermark