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.
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