ok tell me more about the dong

[Goes4ever]

I am an IQD investor, and just started reading a bit about the dong, how many here are investing in the dong, and what are the chances it will ever go up?

can someone point me in the right direction to do more research on the subject?

[MrAustin]

I had quite a few million of the dong, but something didn't seem right to me, so I cut dry and left it. To me it seems ready for a lop.. now their stocks is another story all by itself, those I do like, just not holding physical or an account.

[aares]

I havent looked into the dong much at all, but I do know that the exchange rate of the dong has been loosing value for the past 9 years and it doesnt look like its going to stop loosing value.

They do have crude oil but not near as much as Iraq.

I think most of the people are saying that its going to me internationally traded currency but I dont see why it will be.

[LongShot]

The Dong has LOP written all over it IMHO.

[fproano]

it has the word DING in front of it?

[Howler]

I havent looked into the dong much at all, but I do know that the exchange rate of the dong has been loosing value for the past 9 years and it doesnt look like its going to stop loosing value.

They do have crude oil but not near as much as Iraq.

I think most of the people are saying that its going to me internationally traded currency but I dont see why it will be.

Well........
Russia is doing some deep oil extraction for them, which is working out pretty dang good.

They have a booming tech sector, just ask Bill Billionair Gates.

WTO anybody??????

But yes, the Dong has way too many ZEROS in my opinion! And they are headed for a lop.
Being a Communist country, I really dont trust the Banking industry any more than I trust Iraq!
But all in all It is a beautiful country that our soldiers, sailors , air men and Marines died for!!!!!!!!

[shardima]

I havent looked into the dong much at all, but I do know that the exchange rate of the dong has been loosing value for the past 9 years and it doesnt look like its going to stop loosing value.

They do have crude oil but not near as much as Iraq.

I think most of the people are saying that its going to me internationally traded currency but I dont see why it will be.
Its already traded internationally. Already on the Forex. I buy mine from the Travellex at Melbourne Aiport.

[shardima]

Well........
Russia is doing some deep oil extraction for them, which is working out pretty dang good.

They have a booming tech sector, just ask Bill Billionair Gates.

WTO anybody??????

But yes, the Dong has way too many ZEROS in my opinion! And they are headed for a lop.
Being a Communist country, I really dont trust the Banking industry any more than I trust Iraq!
But all in all It is a beautiful country that our soldiers, sailors , air men and Marines died for!!!!!!!!
Yes already a member of the WTO.

[AAD]

I would like to get into this currency but I probably should just stick with the Dinar...

[Pimpmaximus]

I tend to avoid the Dong......... :huge:

[Garf]

Given the outlay I was easily able to accumulate 10.5 million.

I promised to hold onto it for 12 months... which expires in January.

It's very easy to buy or sell here in Australia.

Dong :) Where's that Cook Islands note again ? heheh

[Sponson]

I bought four million at Wells Fargo and paid about $73/million about three or four weeks ago.

I like the fact that they're a part of the WTO and that their economy is booming; however, I see this as a purely speculative play and so I'm not putting much money into it - at least for the time being. And as someone else mentioned, I believe that their stock market would be the better play, but I haven't had time to look into it.

At present I would say the dinar is a better value. :)

[Mucho Dinaro]

it has the word DING in front of it?

DING before it....................and DUNG after it:drunk:

[Joel57]

The Vietnamese central bank has doubled the daily trading band for the country’s currency, the dong, to 0.5 percent.
The dong has been on a managed float of 0.25 percent a day for the last 5 years.

The expansion of the trading band, which took effect on January 2, was part of the central bank’s policy to increase the exchange rate flexibility, Truong Van Phuoc, director of the bank’s Foreign Exchange Management Department, said.

The central bank was considering the possibility of allowing negotiated foreign exchange rates between the dong and greenback, and eventually freely floating the rates, Phuoc said.

The dong would strengthen against the dollar this year, he said, pointing out the exchange rate would reflect the dollar’s value against other currencies.

Other factors at play include a massive inflow of foreign exchange and an excess of supply over demand.
http://www.thanhniennews.com/business/?catid=2&newsid=23861

The Vietnamese Government is committed to streamlining licensing procedures for foreign investors, according to Minister of Planning and Investment Vo Hong Phuc.



"We have pledged to follow the licensing procedures that we have drawn up," said Phuc, speaking at the 40th annual meeting of the Asia-Pacific Council of American Chambers of Commerce (APCAC) in HCM City last Friday.
http://gda.com.vn/?page=news&code=news&id=1009

The VNindex has surpassed 1,000 points and the stock exchange has grown over 144 percent last year, one of the highest rates in the world, raising fears the bubble may burst and the market may crash.

A recent influx of money, both foreign and domestic, has helped fuel the Vietnamese stock market which has already expanded by more than 40 percent this year. Many say the market is overvalued and overheating.

Vice Prime Minister Hung said the government is ready to enact measures towards stabilizing the securities market, but he is not worried about the market’s alleged heat.

“Many say the market is growing too hot but I say it is not hot,” he said.

“The important thing here is to ensure that the market develops stably and sustainably and not always worry about whether the market is hot or not”.

The Vietnamese securities market is currently worth US$14 billion, accounting for over 20 percent of the national GDP. Earlier the SCC had aimed to bring the rate to just 10-15 percent by 2010.
MORE........
http://www.thanhniennews.com/business/?catid=2&newsid=25441

http://www.intellasia.com/news/english/articles/economy/111225952.shtml
http://www.intellasia.com/news/english/articles/economy/111225847.shtml
http://english.vietnamnet.vn/politics/2007/03/674726/
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com: 20070319:MTFH61679_2007-03-19_11-08-58_HKG101888&type=comktNews&rpc=44


Their stock market is red hot, and on the whole the economy is doing very well. Seems like they're making the right moves.......GOT DONG?

[Goes4ever]

thanks all for the info! very informative

[keystone3]

I tend to avoid the Dong......... :huge:
i agree anything called a dong can't be good,and i don't swing that way,lol

[RL-Dinar]

The Dong has LOP written all over it IMHO.

Using the words LOP and DONG in the same sentence kinda makes me cringe.
I'd stick with the dinar if I were you.

[Midnight Tide]

Stay away from the dong, why?

1. dong, what kind of name is that anyways, too easy to joke about
2. wow, look at all those zeroes....LOP anyone?
3. communist country, wouldn't trust em at all (don't trust Iraq banking either, thats why I have physical dinars only)

[Joel57]

Funny, Wells Fargo is dealing with the dong, yet they won't deal in dinar.

Viet Nam has accepted Article VIII and is a member of the WTO.

Lop is absolutely possible, but the currency is exchangeable (see above).

For around $80-$100 per mil, worth the gamble, IMO.

[Garf]

Strolled thru Ebay this afternoon.....

Not much VND about !

Have stopped selling my own stash for now too

[DinarInANutHouse]

I bought 100,000 dong for $15.00. That is all I want. They're probably more closer to reval than the dinar would and they dont have all that violence crap standing in the way too.

[JJLL]

Funny, Wells Fargo is dealing with the dong, yet they won't deal in dinar.

Viet Nam has accepted Article VIII and is a member of the WTO.

Lop is absolutely possible, but the currency is exchangeable (see above).

For around $80-$100 per mil, worth the gamble, IMO.

Well said.

[Garf]

I bought 100,000 dong for $15.00. That is all I want. They're probably more closer to reval than the dinar would and they dont have all that violence crap standing in the way too.

I'd be happy if it rv'd at a penny !! That 100K would be worth 1K US !

I'd be kissing the 500K and 200K notes goodbye rather rapidly however !

[frank a bouchet]

Mr Austin; How do you invest in Vietnam stock market?

[frank a bouchet]

Mr Austin; How do you invest in Vietnam stock market?

[Roninvestor]

Midnignt Tide, Maybe you need to tell Citi Bank and Intel You profound beliefs. They have invested millions if not billions in Vietnam.

[DealOrBuyDinar]

I am an IQD investor, and just started reading a bit about the dong, how many here are investing in the dong, and what are the chances it will ever go up?

can someone point me in the right direction to do more research on the subject?

Start with this narrated slide show. I've got a ton of articles I could e-mail you too. I personally think in the VND is going to hit a lot sooner than the IQD. JMO

So take a look at this slideshow. It's very informative and only about 4 minutes long. It was put out by the World Bank.


http://digitalmedia.worldbank.org/sl...lideshow_id=89 (http://digitalmedia.worldbank.org/slideshow/?slideshow_id=89)

[Garf]

Start with this narrated slide show. I've got a ton of articles I could e-mail you too. I personally think in the VND is going to hit a lot sooner than the IQD. JMO

So take a look at this slideshow. It's very informative and only about 4 minutes long. It was put out by the World Bank.


http://digitalmedia.worldbank.org/sl...lideshow_id=89

That was good... dunno if the ad banners are the same over there but it's a common one here in Australia.

I hadn't looked at it until then.

[BlindSquirrel]

Hey, how come I don't hear about the Dobra (STD) anymore? Could it be it's current exchange rate?

[DealOrBuyDinar]

That was good... dunno if the ad banners are the same over there but it's a common one here in Australia.

I hadn't looked at it until then.

It is pretty good isn't it? And I think the slideshow really lends some credibility to the investment when you consider that it was put out by the World Bank.

[Goes4ever]

Start with this narrated slide show. I've got a ton of articles I could e-mail you too. I personally think in the VND is going to hit a lot sooner than the IQD. JMO

So take a look at this slideshow. It's very informative and only about 4 minutes long. It was put out by the World Bank.


http://digitalmedia.worldbank.org/sl...lideshow_id=89thank you for that link :happy64:

[Garf]

It is pretty good isn't it? And I think the slideshow really lends some credibility to the investment when you consider that it was put out by the World Bank.

Yes, I've added Vietnamese rice to the shopping list :)