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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.

How To Boost The Vietnamese Dong?

iraqidinars — Mon, 30 Apr 2012 08:58:19 +0000

The Vietnamese Dong is likely to revaluate real soon given many favourable developments on local banking, economic reforms, and foreign relations.

Vietnamese Dong Update: Economic Reform

Vietnamese National Assembly Standing Committee has already gotten a glimpse of the country’s plan for national economic reform. The plan includes restructuring of many economic sectors such as credit institutions, state-owned enterprises, and stock market. Finance and Budget Committee Chairman, in turn, recommended that the plan should focus on economic measures. As a matter of fact, the Social Committee Chairman particularly stressed out the importance of assessing the overall cost of the economic reform in Vietnamese Dong.

Vietnamese Dong Update: Local Banking

Vietin Bank has been recognized as one of the biggest companies by Forbes. Vietin Bank, in particular, was part of Forbes 2,000 biggest companies in the world. The bank made it as the 904th company with huge capital assets equivalent to the generous amount of Vietnamese Dong. According to Forbes, Vietin Bank has over two billion market capitalization with over 18,000 employees.

Vietnamese Dong Update: Foreign Relations

Singapore and Vietnam are moving toward harmonious fraternal relations beyond mutual economic cooperation. The two countries are expected to undertake a Strategic Partnership covering the promotion of global peace and security. They shall join forces to fight terrorism through deterrence of transnational crimes. Such a strategic partnership is likely an offshoot of the Connectivity Framework Agreement on bilateral economic cooperation. Consequently, the fraternal relation between Vietnam and Singapore is expected to facilitate Vietnamese Dong revaluation.

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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.

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What’s Up With The Vietnamese Dong?

iraqidinars — Mon, 16 Apr 2012 13:26:39 +0000

The Vietnamese Dong is headed toward a promising season with many ongoing economic developments on export and banking sectors such as active property market, rice export deal, and new border economic zone.

Vietnamese Dong Update: Active Property Market

State Bank of Vietnam (SBV), upon recognizing the significance of the property market, announced that no credit limits shall be imposed on real estate loans as much as manufacturing loans. SBV Governor Binh revealed that no credit limit pertaining to household consumption, as well as, borrowing application shall apply. Besides, SBV deposits available for borrowing surged to a generous amount of Vietnamese Dong courtesy of credit institutions.

Vietnamese Dong Update: Signed Rice Export Deal
Mong Cai Economic Zone is underway courtesy of the Prime Minister directive recently. Such a border economic zone shall be built in the Quang Ninh province particularly in the Northern portion. The area shall cover around 121,200 hectares covering eight communities in the likes of Mong Cai City, Quang Ha town, and some other areas within the Hai Ha District. Hopefully, it can help out the Vietnamese economy particularly the Vietnamese Dong.

Vietnamese Dong Update: New Border Economic Zone

Vietnamese Food Association (VFA) recently signed the export deal over three million tons of rice. The VFA revealed key importers in Asia such as China, Indonesia, Malaysia, and Philippines. China, in particular, has got an increasing rice export volume in recent years. Undoubtedly, the rice export sector is likely to go back on its track real soon. In Vietnam, prices of commercial rice are likely to stabilize in favour of the Vietnamese Dong.

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Vietnamese Economy Uplifts Vietnamese Dong

iraqidinars — Wed, 11 Apr 2012 12:37:51 +0000

Current economic developments are likely to bring about favourable impact on the Vietnamese Dong such as stable dollar exchange, active stock market, and ADB financial assistance.

Vietnamese Dong Update: Stable Dollar Exchange

Vietnam Central Bank has been doing its part to stabilize dollar exchange rate. As a matter of fact, it was able to sustain the rate of 20.828 Vietnamese Dong per US Dollar. Although the rate remained unchanged for over four months, it has been the highest exchange rate on the record. Thanks to the central bank’s monetary policies intended to stabilize foreign exchange in the country.

Vietnamese Dong Update: Active Stock Market

April 11th has been a terrific day for the Vietnamese stock market. According to local news, Vietnamese stocks increased due to favourable policies. In particular, there were eight million shares traded in the morning. As one of the most active shares, VNDIRECT Securities Corporation closed at 12,700 Vietnamese Dong with over four million shares traded. Along with the rise of Vietnamese stocks, the central bank reduced interest rates, as well as, deposit rate cap.

Vietnamese Dong Update: ADB Financial Assistance

Asian Development Bank is expected to offer financial assistance costing $40 million to carry out sub-projects in Tay Ninh province. The sub-projects involved may likely to include the building of Moc Bai urban community that can cost as much as $54 million. By 2020, Moc Bai area is expected to house 70,000 people. Hopefully, urban development in the Southeastern province can gradually help out strengthen the value of Vietnamese Dong.

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.

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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.

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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.

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What’s Up With The Vietnamese Dong?

iraqidinars — Mon, 26 Mar 2012 14:54:25 +0000

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.

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.

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Vietnamese Dong And Vietnamese Investment

iraqidinars — Sat, 24 Mar 2012 15:11:37 +0000

There are many developments in Vietnamese investment favourable to the Vietnamese Dong. Current updates on Vietnamese investment may include active investment funds, costly lease agreements, Japanese investment entry, and decentralized FDI management. All these pending updates are expected to support Vietnamese Dong revaluation.

Vietnamese Dong Update: Investment Fund On Its Way

Vietnamese stock market is back on its feet. The market, in turn, is likely to extend new investment opportunities to prospect investors whether local or foreign. Financial experts, as a matter of fact, support the claim for rich stock market opportunities. Department Vice President Hien, in charge of the SHB Securities Company’s Analysis, reported long-term trend showing off low interest rates in banking loans. Perhaps it might also trigger favourable trend on Vietnamese Dong exchange rate.

General Director Tan, in charge of Vietnam Fund Management (VFM) Company, asserted that stock investment operations shall favour growth of individual investments. That shall involve the creation of specialized funds featuring small yet deep investment opportunities. The VFM, in particular, shall launch open fund in the forthcoming months. Hopefully, it can also help strengthen the Vietnamese Dong.

Vietnamese Dong Update: Japanese-Invested IZ Ongoing

Long Duc Industrial Zone, worth 467 billion of Vietnamese Dong, has been instituted in the Long Thanh district based in the Dong Nai province. On March 19, construction of the Long Duc IZ commenced. Management Department Head Thang, in charge of the Ministry of Planning and Investment’s Economic Zone, assailed that establishment of the Long Duc IZ shall enshrine the Dong Nai market as an attractive environment for investment.

General Director Uehara, in charge of Long Duc Investment, asserted that the IZ is expected to attract Japanese investors. Chairman Thai, in charge of Dong Nai People’s Committee, also expressed his interest on helping out Japanese investors and other prospect foreign investors. The influx of investment, moreover, is anticipated to lift Vietnamese Dong’s value.

Vietnamese Dong Update: Vietnam On Top Of FDI

Foreign Direct Investment (FDI) mechanism currently employs a decentralization strategy to come up with favourable investment conditions. Decentralized FDI processing is anticipated to give off an enormous sigh of relief to foreign investors. The decentralization move, furthermore, is likely to raise the value of the Vietnamese Dong.

Vietnam, unfortunately, shall be compelled to allocate generous amount of Vietnamese Dong to accommodate FDI’s. The Vietnamese government, in turn, needs to pick the right investment projects for the country. This way, Vietnam gets to control its expenditures for the FDI.

Vietnamese Dong Update: Lease Costs Gradual Decline

Vietnam commercial spaces have been renowned for high-priced leasing rates. In particular, Hanoi City and HCM City were identified as two of the most popular cities in the globe that charge high-priced office leasing rate. Nonetheless, property prices remained low in the country. That means ownership is preferable over lease agreement to save up a generous amount of Vietnamese Dong.

Vietnam cities, moreover, exhibited gradual decline in the cost of commercial lease agreement. HCM City, for instance, moved from 19th place to 27th place from 2010 to 2011. Hanoi City, in the same comparative years, jumped from the 21st rank to the 32nd rank. Given expensive leasing fees worth significant amount of Vietnamese Dong, commercial lease market is still under recovery in Hanoi City and HCM City.

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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Vietnamese Dong