The Thái Bình Hưng Bảo helped assert Vietnam's economic, political, diplomatic, and cultural independence from China as up until that point imported Chinese cash coins were the de facto currency of Vietnam for areas that were high in trade.

[5] The introduction of a native currency was seen as being culturally significant as it asserted a national consciousness and a continued spirit of independence.

[6] The Thái Bình Hưng Bảo was made from bronze and had a round shape with a square central hole, the round outer shape symbolised the universe while the square hole represented the earth as they were perceived in Chinese and Vietnamese mythology.

[7][8][9] Prior to the introduction of the Thái Bình Hưng Bảo Vietnam did not have its own currency in circulation as Vietnam was in a chaotic state during the Anarchy of the 12 Warlords where rival factions constantly fought each other, it wasn’t until Vietnam got unified under the Đinh dynasty that there was a central government in place with the authority to issue a national currency, the first Thái Bình Hưng Bảo cash coins had the reverse inscription "丁" (Đinh), which was the name of the dynasty.

The presence of contemporary native Vietnamese mints is notably absent in the historical records of Vietnam, however Chinese records confirm that the Đinh dynasty did issue Thái Bình Hưng Bảo coins.