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Vietnamese Dong Updates 101

iraqidinars — Wed, 20 Jun 2012 12:58:15 +0000

There is no doubt that the Vietnamese Dong is confronted with many interesting developments in the local economy such as national GDP rise, growth rate achievement, and economic restructuring.

Vietnamese Dong Updates: National GDP Rise

Deputy Prime Minister Phuc of Vietnam takes pride of the GDP rise forecast. Vietnam’s GDP is expected to rise by 4.5% in the second quarter of the year compared to the 2012 data during the same period. Industrial Production Index, in particular, is likely to go up to 4.4% along with the country’s export revenue. In the same way, the country expects to introduce over 20 trillion of Vietnamese Dong in the national economy each month.

Vietnamese Dong Updates: Growth Rate Targets

According to Deputy Prime Minister Phuc, the national growth rate target is within the reach. The Deputy Prime Minister confirmed that Vietnam was able to survive from the recent economic difficulties. As a matter of fact, he asserted that the 6% GDP growth rate, as well as, the 7-8% inflation rate shall be achieved at the end of the year. Consequently, these are expected to boost the value of the Vietnamese Dong.

Vietnamese Dong Updates: Economic Restructuring Talks

Vietnam’s national assembly recently discussed the comprehensive plan on national economic restructuring. National assembly deputies, for instance, raised compelling issues on agriculture, finance, labour, and rural sectors. Another deputy also raised his concern over the vital role of technology on national economic development. Nonetheless, the country hopes that the aftermath of such reform shall bring about Vietnamese Dong revaluation, too.

Vietnamese Dong Updates: Forex, Tourism, And Petroleum Prices

iraqidinars — Tue, 24 Apr 2012 10:40:44 +0000

There are many current developments in Vietnam that are likely to be favourable to Vietnamese Dong Revaluation such as foreign exchange, tourism, and petroleum prices.

Vietnamese Dong Update: Foreign Exchange Reserve

Vietnam’s foreign exchange reserves made a great leap according to the 2011 socio-economic report received by the Standing Committee of the National Assembly. Although the Vietnamese government did not reveal the numbers, expert estimated that current reserves may likely range from $19 to $20 billion. Fair enough, Asian Development Bank (ADB) previously reported that Vietnam’s forex reserves may approximately cost $17 billion equivalent to the generous amount of Vietnamese Dong.

Vietnamese Dong Update: Nha Trang Tourism

Nha Trang is likely to mark its rightful spot on the map of Vietnam. Thanks to TD Corporation, Costa investor, is about to launch the Nha Trang Resort real soon. Along with the resort come many other noteworthy infrastructures and facilities such as the Costa Nha Trang residences, apartments, and luxury hotels. Given all of these handy attractions, the marketing director of the TD Group is confident that Nha Trang shall be another hot tourist destination in the country favourable to Vietnamese Dong revaluation.

Vietnamese Dong Update: Petroleum Prices

Vietnamese government guarantees the public that recent petroleum hike shall not affect the country’s efforts to curb inflation to lower than 10%. Central Institute for Economic Management Deputy General Thanh ensured the Vietnamese people that economic plans against inflation are right on track. The government hopes that lower interest rates can counteract the 1,000 Vietnamese Dong per liter price increase.

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Vietnamese Dong To Reap Benefits From Active Tourism

iraqidinars — Fri, 20 Apr 2012 14:59:31 +0000

The Vietnamese Dong expects favourable impact from the development of Vietnam’s tourism sector particularly natural tourism, historical tourism, and industrial tourism.

Vietnamese Dong Update: Natural Tourism

South Korea recently expressed its intention to help improve river tourism in Vietnam. The Jeju Tourism Authority shall extend assistance to the HCMC Department of Culture, Sports, and Tourism. The partnership between these institutions is expected to boost river tourism in Vietnam. Besides, the Son River in Vietnam has been one of the most popular attractions in the country. Travellers, as a matter of fact, are lured into the river proximate to the Phong Nha-ke Bang National Park with accessible recreational activities for a few Vietnamese Dong.

Vietnamese Dong Update: Historical Tourism

Vietnamese Ethnic Groups Culture and Tourism Village, opened on April 19, has been home to the country’s lucrative cultural market. The village showcases a couple of ethnic groups such as H’Mong and Tay, Dao and Thai, Muong and Nong. These ethnic groups offer traditional handicrafts, worth a couple of Vietnamese Dong, that trigger the interests of visitors. Nonetheless, they also offer folklore performances and traditional games. All these are activities are part of the Vietnam Ethnic Groups Cultural Festival.

Vietnamese Dong Update: Industrial Tourism

Amata Group from Thailand has entered into an investment deal with Vietnam’s Industrial Zones (IZ’s). The contract is characterized by 17-year engagement into developing modern and environment-friendly infrastructures. Amata Group of Thailand, in particular, has a promising master plan for Danang City viewed as an attractive tourist destination ascribed to its coastal location, not to mention the city airport. Thanks to the city’s development master plan until 2050 alongside the country’s plan for Vietnamese Dong revaluation.

Disclaimer: Dinar exchange is not an investment company. Any information found on this site and in email correspondence should not be taken as investment advice.

Dinar Exchange Australia

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Tel Aus: 1300 856 881

Tel NZ : 09 951 80 20

Fax : 1300 857 881

Mobile: +61 417 460 236

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Vietnamese Dong Expects A Boost From Current Goings-On In Vietnam

iraqidinars — Thu, 05 Apr 2012 21:58:48 +0000

The Vietnamese Dong is likely to get a boost from many fascinating developments in the country such as the Vietnamese Expo launch, Vietnam Air price cuts, and Vietnamese stock market gains.

Vietnamese Dong Update: Vietnamese Expo Launch

Hanoi hosted the 22nd Vietnamese International Exhibition on April 4, 2012. The Vietnamese Expo, in particular, was inspired by the theme, “Vietnam – Cooperation for Development.” Deputy Minister Bien (Ministry of Industry and Trade) gave an opening speech on the ceremony. With 20 participating countries, the Vietnamese Expo was literally a full house with 600 business stalls. Such an event is expected to generate business opportunities in favour of Vietnamese Dong revaluation.

Vietnamese Dong Update: Vietnamese Air Price Cuts

Vietnam Airlines recently revealed 40% price cuts on domestic air fares. The discount deal intends to boost local tourism in the country. Given the low air fare, the HCMC Tourism Association can come up with low-cost travel packages. Such a promotional offer shall be effective all year round. Of course, it is noteworthy that Vietnam National Tourism Administration employed the same promotional deal back in 2009. Hopefully, the dynamic tourism industry can also help out strengthen the Vietnamese Dong exchange rate.

Vietnamese Dong Update: Vietnamese Stock Market Gains

Vietnamese Stock Market kick started with a decent gain in the month of April. As a matter of fact, VN-index increased by 1.07% from the previous session. Gainers were on top of the game against losers characterized by a ratio of 169 to 96. Military Bank (MBB), among others, has been the most liquid stock in the market. That explains why MBB shares reached 15,200 of Vietnamese Dong per share.

Disclaimer: Dinar exchange is not an investment company. Any information found on this site and in email correspondence should not be taken as investment advice.

Dinar Exchange Australia

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Tel Aus: 1300 856 881

Tel NZ : 09 951 80 20

Fax : 1300 857 881

Mobile: +61 417 460 236

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Vietnamese Dong Revaluation: Vietnamese Banks, Exports, And Foreign Relations

iraqidinars — Thu, 29 Mar 2012 07:08:54 +0000

Recent developments on Vietnamese banks, exports, and foreign relations are expected to favour Vietnamese Dong revaluation.

Vietnamese Dong Update: Dynamic Local Banking Sector

Vietnam Technological and Commercial Joint Stock Bank, popularly known as Techcombank is testament to the dynamic local banking sector in the country. The bank, as a matter of fact, has been declared as the best emerging market bank in Asia in 2012 courtesy of the Global Finance Magazine. That is made possible by strategic bank management particularly securing comprehensive financial solutions to production and export enterprises. Agribank, Vietcom Bank, Vietinbank, and other Vietnamese banks also extended financial assistance to enterprises by issuing loans at low lending rates for a reasonable amount of Vietnamese Dong.

Vietnamese Dong Update: Optimistic Export Forecasts

Vietnam’s export sector is apparently doing well in the market given optimistic forecasts from the General Statistics Office based in Hanoi. Robusta Coffee, for instance, has an export forecast of 200,000 tons in March. Besides, Vietnam is the biggest producer of Robusta coffee all over the world. As the second biggest rice producer in the globe, the country is expected to export 400,000 tons of rice this month, too. Rubber export is anticipated at 65,000 tons. Profitable export sector, in turn, is likely to yield favourable effects on Vietnamese Dong revaluation.

Vietnamese Dong Update: Vietnam-Korea Foreign Affairs

Vietnam has been reaching out to the international community particularly in Asia. Recently, the Vietnamese government and the Korean government agreed to enhance financial cooperation. Minister Hue, in his meeting with the Korean Minister of Strategy and Finance, expressed the government’s intention to work on bilateral economic and trade relations for mutual national interests. Hopefully, this can also contribute toward strengthening Vietnamese Dong exchange rate.

Disclaimer: Dinar exchange is not an investment company. Any information found on this site and in email correspondence should not be taken as investment advice.

Dinar Exchange Australia

“Helping you Invest in Iraqi Dinars”

Tel Aus: 1300 856 881

Tel NZ : 09 951 80 20

Fax : 1300 857 881

Mobile: +61 417 460 236

http://dinarexchange.com.au/

http://www.dinarexchange.co.nz