Question about the VND

[Karsten]

Oh Boy......Dinar was $6-6.50 according to You Know who that can't be named and then this.....This happens I will indeed be looking for my own island without any snow.

 

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

 

The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar.  It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close.  You can forget all that .47 cents for the dong...because it is going to be much higher than that. 

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Karsten

[jaman]

Karsten..... I'd love anything over  .47 

[Freedomwish]

On 12/5/2018 at 5:14 PM, jaman said:

Karsten..... I'd love anything over  .47 

 

I'd love for ANYTHING TO HAPPEN IF AT ALL!! 

[Karsten]

Well later I ran across the completed statement above where he went into detail of what the 6-8% amounted to.......that is 6-8% of the Value of the re Valued IQD

 

Something like 8% of the $6.50 would but the VND coming out around........Wait

 

$5.98......

 

 

We are indeed going to need that Private Island....Maybe we can get a deal on Epstein's Island and the Lolita Express once he and bill are sent to prison.

 

Karsten

[climber7]

World's high-net-worth powerhouse gets a taste for superyachts

Yoojung Lee, Bloomberg News

 

 

 

 

 

Few things are more anathema to communism than a superyacht, except perhaps taking a ride to the marina in a Bentley.

In Nha Trang on Vietnam’s east coast, motorbikes still outnumber luxury cars but there are signs of flourishing wealth everywhere.

The half-hour drive along the road to the country’s first deep water marina is filled with glimpses of plush resorts, some complete and others in various stages of development. There’s a palpable sense of the money and ambition being poured into this once sleepy fishing village, just a short flight from Ho Chi Minh City. That’s reinforced when Ana Marina, which can accommodate up to 220 yachts, comes into view.

The changes that have catapulted Nha Trang into a thriving holiday destination in recent years for locals and foreigners, especially Chinese and Russians, encapsulate the dramatic advances in the formerly war-ravaged country. Economic growth has held above six per cent for the past five years, driven in part by a manufacturing sector that churns out everything from Nike sportswear to Samsung smartphones. LG Electronics Inc. last month announced plans to shift some of its production from South Korea to Vietnam to cut costs.

Vietnam is also a source of stunning wealth creation. Ultra-high-net-worth individuals, defined as those with investable assets of $30 million or more, were minted faster here in percentage terms than anywhere else in the world between 2013 and 2018, eclipsing even China and India, Knight Frank’s 2019 Wealth Report found. Even at the (much) lower end of the spectrum, things are improving. The country’s poverty rate is decreasing, there aren’t as many households suffering from food shortages and average monthly income per capita increased 10.2 per cent a year from 2016 through 2018 to 3.7 million dong (US$158).

Ana Marina promenade (Source: Ana Marina)

Mercedes-Benz AG sold 150 Maybachs, its luxury marque, in Vietnam in 2017, among the highest for the automaker in Southeast Asia. Mercedes-Benz Vietnam said it has been able to set a new sales record for its vehicles every year since 2012 and registered growth of 12 per cent in the first four months of 2019.

A fascination with pleasure craft is just further evidence of Vietnam’s arrival onto the conspicuous-consumption stage.

“People in Saigon have yachts but the dilemma is Saigon isn’t near the sea,” said Dang Hieu, Ana Marina’s chief executive officer, referring to Ho Chi Minh City by its previous name. “It’s on a river and I regret when boats are moored on boring water. People are also looking for a safe place to keep them.”

Ana Marina is anything but boring. Once it’s completed later this year, the facility, about twice the size of New York’s Grand Central Station on land and water, will boast a clubhouse, conference center, fine dining restaurants and villas. Dang even took a trip to Monaco to see how a world-class yacht club is operated.

---

 

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Inquiries are coming from as far afield as Japan and South Korea. “People want to send their yachts to Vietnam to avoid undesirable weather conditions,” Dang said.

Vietnam’s socialist government has been supportive of promoting yachting, at least for tourism purposes. That’s in contrast to China, where such ostentatious displays of wealth are frowned upon, limiting the market for superyachts.

In Vietnam, a special consumption tax of 30 per cent on luxury items can be waived when a company plans to use the craft to entertain tourists or for charter hire. It also takes less time to import a yacht because there’s implicit government support for opportunities that bring value to the country.

That prompted Doan Viet Dai Tu, chairman of Vietnamese investment firm Openasia Group, to buy in.

“I’ve been watching the yachting industry for many years and waiting for the right time,” Doan Viet said. Openasia also owns Tam Son, a luxury distributor that represents brands including Hermes, Kenzo and Bottega Veneta. It got into the boat business with another partner in 2017 to launch Tam Son Yachting, now Vietnam’s official importer of Beneteau.

Openasia has also invested in yachting infrastructure. It’s behind a service center for yacht maintenance and a marina along the Saigon River called Central Park Marina. It sits adjacent to another project emblematic of Vietnam’s ascension -- a 44 hectare development by Vinhomes JSC that takes its inspiration from New York’s leafy heart. It’s home to luxury condos and villas, the country’s tallest skyscraper and a riverside promenade. Residents with boats will soon be able to berth them nearby.

While yachting culture is still in its infancy, Doan Viet says the potential is huge. “We want to bring yachting as entertainment, something that’s affordable not only for very wealthy people but for the upper-middle class as well.”

To that end, Tam Son Yachting sold a 60-foot Beneteau Monte Carlo 6 to Reverie Saigon, the city’s first six-star hotel, to use for private charters. The boat, which was delivered last year, can accommodate around 10 guests for cruising and the hotel offers outings with a private butler and champagne picnic.

“I have to say, this is very promising,” said Doan Viet. “We’re going to be very busy in the yachting industry for the next 10 or 20 years.”

 

https://www.bnnbloomberg.ca/world-s-high-net-worth-powerhouse-gets-a-taste-for-superyachts-1.1265254

[savoy8060]

Guess now a good time to replenish my VND. Thanks for the post

[jaman]

On ‎12‎/‎8‎/‎2018 at 12:38 PM, Karsten said:

Well later I ran across the completed statement above where he went into detail of what the 6-8% amounted to.......that is 6-8% of the Value of the re Valued IQD

 

Something like 8% of the $6.50 would but the VND coming out around........Wait

 

$5.98......

 

 

We are indeed going to need that Private Island....Maybe we can get a deal on Epstein's Island and the Lolita Express once he and bill are sent to prison.

 

Karsten

if this happens at THAT amount.....OMG  I'm going to have to call a doctor 

[jaman]

anything happening in VND..land?

[blueskyline]

https://www.channelnewsasia.com/news/world/estonia-vietnam-among-five-elected-to-un-security-council-1160738

World

Estonia, Vietnam among five elected to UN Security Council

 

image: data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==

The United Nations Security Council meets on the Venezuelan crisis, on Feb 26, 2019 at the United Nations in New York City.
Read more at https://www.channelnewsasia.com/news/world/estonia-vietnam-among-five-elected-to-un-security-council-11607380..

UNITED NATIONS: Estonia, Niger, Tunisia, Vietnam and Saint Vincent and the Grenadines were elected to the UN Security Council on Friday (Jun 7) as the top UN body struggles to agree on how to confront global conflicts.

The five newcomers will join the council in January for a two-year stint, replacing Equatorial Guinea, Ivory Coast, Kuwait, Poland and Peru.......

The election comes at a time of diplomatic deadlock at the council, which has been unable to agree on a response to several crises, from Syria to Myanmar, Venezuela or Sudan.

Five countries - Britain, China, France, Russia, the United States - have a permanent seat on the 15-member council and enjoy veto power over any decisions.

The 10 other non permanent members are elected for two-year terms to serve on the UN's most powerful body, tasked with addressing threats to international peace and security.

During a secret ballot at the General Assembly, Estonia squared off with Romania for the eastern European seat while Saint Vincent and the Grenadines faced a last-minute challenge from El Salvador for the Latin America seat.

Read more at https://www.channelnewsasia.com/news/world/estonia-vietnam-among-five-elected-to-un-security-council-11607380....

The three other countries ran unopposed, having been selected as the candidate of their regional bloc.

Vietnam picked up 192 votes, Niger and Tunisia 191 votes each and Saint Vincent and the Grenadines won 185 votes against six for El Salvador during the ballot in the 193-member assembly.

Estonia won a seat with 132 votes during a runoff with Romania, which picked up 58.

It will be the first time that Estonia, which made cyber-security its campaign plank, will serve on the council as will Saint Vincent and the Grenadines, which has pledged to push for action on climate change.

UN expert Richard Gowan said the election of the five new members could exacerbate divisions.

"I think we are going to see quite a strong anti-Western group in the council, which could lead to more fiery diplomacy and make it harder for the US and its allies to push their resolutions through New York," said Gowan, UN director for the International Crisis Group.

"Vietnam and St Vincent seem likely to side with the Chinese and Russians on issues like Venezuela, as Indonesia and South Africa have already done this year."

Read more at https://www.channelnewsasia.com/news/world/estonia-vietnam-among-five-elected-to-un-security-council-11607380

 

 

 

[Freedomwish]

 

I've just realized that I haven't posted anything in this VND thread in about a year....while the dinar's sparking up chatter in the other threads of the forums, any latest scoop on the Dong here? 

Edited December 24, 2019 by Freedomwish
nEEd mORE whiSKEy

[Pitcher]

My Dong is just laying around, waiting for a rise in valuation 

 

[Freedomwish]

5 hours ago, Pitcher said:

My Dong is just laying around, waiting for a rise in valuation 

 

 

HAHAHAHAHAHAHAHAAAAAAAAAAAAA 

[gregp]

11 hours ago, Freedomwish said:

 

I've just realized that I haven't posted anything in this VND thread in about a year....while the dinar's sparking up chatter in the other threads of the forums, any latest scoop on the Dong here? 

Put it away.  😁😁

[Freedomwish]

Sadly today........due to a financial family emergency.....I had to sell off all of my VND.  If things don't keep up, I may be forced to sell off my other currencies.....

 

Man.....something's gotta give for us all in 2020.  If things get better I'll buy some back but in the meantime, good luck to you all.

 

Freedomwish with his whiskey, out.😭

 

[wildeman]

Sorry to hear that Freedomwish. Prayers and Hope to you and yours. Been there before. Hang in there. 🙏