There are many developments in the Vietnamese economy in favour of the Vietnamese Dong. Current updates may include Santhong gold hunt, HCMC product launch, FOREX investment returns, M&A market excellence. Consequently, the Vietnamese economy, as well as, the Vietnamese Dong may continuously bounce ahead amidst all of these developments.
Vietnamese Dong Update: Gold Hunt At Santhong
The Lao government has already granted gold exploration rights to a Vietnamese company. Santhong district, north of Vientiene, happens to be the subject of the gold exploration grant. In return to the generosity, the Vietnamese mining company handed over $40,000. Sure, that is equivalent to a large amount of Vietnamese Dong. The fund shall be allocated for the building Law veteran houses.
Gold exploration grant covers 24-square-kilometre area with potential for gold deposit. Mr. Cu Thanh Tien, in representation of the Global South Joint Stock Company, asserted that the company shall make use of modern equipment, mining experts, and highly skilled workers. Nonetheless, the company vows to protect the surrounding environment. Gold mining activity, in the same way, aims at providing jobs to locals for them to earn a decent amount of Vietnamese Dong.
Vietnamese Dong Update: Product Launch At HCMC
The Japanese Dai-Ichi Life Insurance revealed that the company shall launch a new product. “An Phuc Hung Thinh,” literally translated as Happy Life, Prosperous Future, is the latest insurance product offered by the company. This particular product happens to be a short-term investment security that can yield generous amount of Vietnamese Dong.
“Happy Life, Prosperous Future” seeks to go by the interest rate guaranteed in fixed income assets. As a result, investors can expect a substantial return worth more than the minimum interest rate. Minimum payoff is 5% at the end of the first ten years. Interest rate was reduced to 3% at the end of the subsequent years. That means a fairly decent income in Vietnamese Dong.
Vietnamese Dong Update: Great Returns At FOREX
The Vietnamese Central Bank recently adopted many different measures to improve the country’s gold market. Government controls were also adopted to make sure that the market shall do just brilliant away from possible capital flight. As a result, Vietnam’s gold and foreign reserves rose in the previous month favourable to Vietnamese Dong exchange rate.
Foreign exchange reserve, in particular, realized 20% increase at the end of February upon data comparison from last year. Gold reserve, on the other hand, has been stabilized to reach sufficient reserve levels. As a matter of fact, gold reserves are approximately 500 tons yielding positive ratio between gold reserve and gross domestic product. Sure, this can lead to better Vietnamese Dong value in the market.
Vietnamese Dong Update: Market Excels AT M&A
The trend toward merger and acquisition has been dynamic these days in Vietnam. That is a necessary business strategy to become more profitable and avoid bankruptcy. This particular strategy, in fact, swept many different industries in the country particularly the real estate industry.
M&A trend in real estate market peaked at the time when Capita Value Homes Company, in 2012, obtained 70% share in the Kang Dien Saigon JSC project. Dat Xanh Investment Corporation has undergone a couple of acquisitions specifically four property projects from Bella, Maria, Majestic, and Gold Hill worth large amounts of Vietnamese Dong.
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