It's time to look at the Vietnam Dong

[wouldchip]

(07-12-2009)

Banks begin new race for dong deposits

The HCM City Housing Development Bank (HD Bank) pushed up its highest deposit interest rate to 10.3 per cent last Thursday. "That's not bad interest in any book".

http://vietnamnews.vnagency.com.vn/showarticle.php?num=01BAN071209:)

[stickman]

link did not work

[wouldchip]

Try this one!

http://vietnamnews.vnagency.com.vn/showarticle.php?num=01BAN071209

[stickman]

That one worked thank you! have you had any experience with vietnamdong.com?

I see they are about 50 bucks cheaper than Ali a dinar trade. I have a million in dong now and would like to invest more.

Thanks for your time

[randee]

I purchased last week from these guys.They take cc's and shipped it thru priority mail.Check them out........ http://scgs.us/index.php

[stickman]

thanks randee I will check them out!

[War Eagle]

Dump the Dong-it will be a very long time before this currency is worth anything!!!!!IMHO

[stickman]

war eagle thanks for you opinion but the dinar was not done overnight and the dong wont either so lets just wait and see. I bet you will get in when the dinar goes and if you don't that might be your loss or mine. Sorry to bother you with a different investment!

[allooh]

About a week ago Viet Nam revalued the DONG at a lower rate for the third time

It was around 17000 Dongs to a Dollar, now it is around 19500 Dongs to

a Dollar. The Dong is cheaper to buy now. Viet Nam is keeping the Dong low

so as to stimulate their economy.

I used Wells Fargo Bank online currency service to buy Dongs and Wons.

$202.00 = 3.1 million Dongs

$200.00 = 214000 WONs

shipping and handling = $12.00

I received circulated notes via FedEx within 10 days.

Hope this helps.

[Earnest T Bass]

Remember that Vietnam may also have dinar in their reserves. Could this assist in raising the value of the dong? Also I have been seeing where the dinar and the dong values are not being posted. Also there is the fact that Ali is selling dong like the dinar. Does he know something we don't? Personally I bought 4 million dong to hedge my bets just in case it RV first then I can take that cash and put toward dinar. Also since the IMF wants China to raise their currency, will they do an "all at once" move like the ME currency? This would only seem fair if they raised the ruan in China right? Just my thinking on the issue

[new]

I went ahead and bought some VND, it may rv before the Dinar the way things are going

[finderladi]

I just bought some VND. Thanks for info folks.

[Nancy]

Helpful thread, thanks! Good food for thought on next investment.

[beachboy7]

Hope the Dong goes faster than the Dinar!

[felisia stanley]

5/3 bank charges 100.76 for 1.5 million and im going for it

[neekay63]

I got my dong. I think in the long run it will pay off just like the dinar. Won't happen overnight but one day......

[DinaRus]

Thanks. It may be worth a try.

[IWantIn]

I just cant see myself buying into the Dong. Seems to be going the other way.

[brad1]

ok post number 4.

[Jesse]

didn't the dong just devalue another 3%?