What will the rate of the Dong/VND be.

[thechosen1]

Hello All,

 

with all the speculations of the VND coming out at .08 is there any concrete Intel to support these claims, or is it coming from sources who are not really in the know?

 

Glad to be a part of this.

 

[ezrapound]

probably all b.s. as per usual. When I got into the vnd back in 06 and 07 they speculated 3 to 5 cents. no one knows.

[The Machine]

I'd say it's exactly where it should be.

 

$1 =  21,344 VND

 

if you think its worth more please tell me why.

[moose 57]

 

 

with all the speculations of the VND coming out at .08 is there any concrete Intel to support these claims, or is it coming from sources who are not really in the know?

 

Glad to be a part of this.

 

it IS coming from sources who are not really in the know.  no one knows

 

welcome to the party

 

Edited February 25, 2015 by moose 57

[MyLadiesDaddy]

I'd say it's exactly where it should be.

 

$1 =  21,344 VND

 

if you think its worth more please tell me why.

Because I bought some. LOL

[thechosen1]

I appreciate the update. I've only been in this for a little over a year so I can imagine the frustration level from those who have been here longer, now having said that it would be in all of our best interest to remain positive and hope for the best.

 

I can live with the rate of $1 makes sense to me.

 

Cheers

 

HK

[gymrat76541]

Who cares! This is dinarvets.com

[moose 57]

In my day- VND had everything to do with the Dong!

Edited February 25, 2015 by moose 57

[bsims25]

Hello All,

with all the speculations of the VND coming out at .08 is there any concrete Intel to support these claims, or is it coming from sources who are not really in the know?

Glad to be a part of this.

.08?

They'd need $2.8 trillion to back an event like that. They only have $35-$40 billion of foreign exchange reserves.

That would wipe out their banking system.

Edited February 25, 2015 by bsims25

[haymon]

Who cares! This is dinarvets.com

Some are dabbling in other possibilities

[okane]

Some say that my dong will always be useless ...... and never be worth much

Edited February 25, 2015 by okane

[sandfly]

GOOD ONE LGD. LAST YEAR IT WAS OVER NIGHT TRADING AT .32... SO I'M LOOKING AT .05-.28

[blueskyline]

*waving hand*......... I bought some too . The parallels of actions between the two countries are quite similar 

[haymon]

The European Union (EU) expects it and Vietnam can soon conclude negotiations over a free trade agreement (FTA), and this will make it possible for the EU to recognize Vietnam as a market economy, said the Ambassador and Head of the EU Delegation to Vietnam.

 

http://dongtalk.com/

VietNamNet Bridge – Nation should stop sacrificing its growth rate for stabilising the economy, Tran Hoang Ngan with the National Advisory Council on Monetary and Financial Policies, tells Viet Nam Economic Times.

2014 was the first time in three years Viet Nam achieved its GDP goal. What are your comments on this success?

In my opinion, it is notable. It shows that our economy is on the road to recovery. In 2012, our growth rate was 5.25 per cent. In 2013 it was 5.42 per cent, and in 2014 it was 5.9 per cent, compared with the set target of 5.8 per cent. However, if we look at the country's growth rate over the past four years, in the context of our natural resources, a population of 90 million people who are intelligent and hard working, and stable policies, a growth rate of less than 5.7 per cent should be considered beneath our potential.

[stealthwarrior]

I have to take injections for my dong to be worth anything.

[MyLadiesDaddy]

GOOD ONE LGD. LAST YEAR IT WAS OVER NIGHT TRADING AT .32... SO I'M LOOKING AT .05-.28

Brother, gimme .28cents on the VND and Lady Grace's mommy will make Lady

Grace's Daddy smile for a yr. LOL OH LA LA

[Francie26]

Ahhh, Moose, it's still your day.

[rulesforrebels]

Hello All,

 

with all the speculations of the VND coming out at .08 is there any concrete Intel to support these claims, or is it coming from sources who are not really in the know?

 

Glad to be a part of this.

Never ask for intel, intel is nonsense, you want facts or nothing. Also nobody is in the know.

[spacetuna]

A revaluation would easily be possible if the government did a gold confiscation. The Vietnamese people hold 100 tons more gold then England's reserves.

 

 

Of course, many in the mainstream media are calling plans for gold confiscation a “conversion”. The Vietnamese people hold as much as 400 TONS of gold in their private collections. That’s more than the entire stash of the Bank of England. Last year, the Vietnamese came close to buying more gold per capita than the Chinese and Indians combined. This is a reflection of the culture’s value on tangible assets.

Because it’s estimated that much of that gold was “smuggled” in, the central bank figures they can “convert” the gold into dong deposits, forcing people to hold the very currency they wanted to avoid owning in the first place.

 

http://nomadcapitalist.com/2013/07/17/high-gold-prices-and-gold-confiscation-in-vietnam/

[Tripphood]

There have been good economic reports coming out about the VND as of late stating the EU may recognize VN as market economy. It sounds positive anyways..... I'd take .1 to .5 right now.