Viet Nam, model for developing world

[JJLL]

Thought some of you might like to read highlights of the article.

http://www.bvom.com/news/english/news/index.asp?.sequence=50916&.this=53

Viet Nam, model for developing world
Papua New Guinea ’s The Nation daily has carried an article called “ Viet Nam , a model for the developing world”, praising Viet Nam ’s socio-economic achievements during the past years as well as its future prospects.

"The World Bank-affiliated International Development Association (IDA) said that “ Viet Nam is one of the best performing developing economies in the world.”

“When the World Bank re-engaged with Viet Nam in 1993, the country’s income per capita was 170 USD. Today it is 620 USD and by 2010, it could reach 1,000 USD,” it said. "

"a shift from collective farming to industrial farming has enabled Viet Nam to move from a situation of being a significant rice importer to become the world’ second largest exporter."

"The number of people living in abject poverty has dropped from 70 percent to less than 20 percent and there is now a smaller proportion of people having to survive on less than 1 USD a day than in China , India or the Philippines ."

[Goes4ever]

so what are they saying? the dong will have some value by 2010?

maybe I should pick up a million and throw it in a shoebox....lol

[Goober]

That's what I did. Small investment considering the current exchange rate. Many will kick themselves later on. Most don't mind investing in Iraq, nothing wrong with doing the same with VietNam, I have both areas covered, just in case. The real difference is this, there is no war in RVN, nothing stopping them from moving-on economically. Iraq is still too touchy in too many areas of the country. If all of Iraq were as stable as the Kurdish North, we'd all be swimming in bucks by now.

[DinarInANutHouse]

Ah, whats the heck, I just made a small purchase of additional 150,000 Dongs on top of my 100,000....giving me 250,000 Dongs total. Now, I got both the IQD and the Dongs. Lets hope for the best!

[Garf]

I purchased 10M dong over a brief period... cost me about the same as a million IQD would.

I either need a bigger shoebox or a safe :)

[DinarInANutHouse]

I purchased 10M dong over a brief period... cost me about the same as a million IQD would.

I either need a bigger shoebox or a safe :)

YIKES!!! You got bigger guts than I would in those Dongs.

I just started buying Dongs just a few days ago. I will probably try to reach 1 M just like I did on the IQD....thats all I ever need!:cool:

[heres-hoping]

so what are they saying? the dong will have some value by 2010?

maybe I should pick up a million and throw it in a shoebox....lol
Sounds more like they are likely to be worth something sooner than that - say in a matter of weeks seeing that they are already WTO members and Article 8 is done and dusted. Furthermore, they already have major investors in there already with a lot more considering it ahead of China. I plan on buying 3million dong next week. A 3c or 5c reval will do me nicely and that should give me $90K or 150K respectively. I think this will happen before the dinar revals.

[Sponson]

Sounds more like they are likely to be worth something sooner than that...I think this will happen before the dinar revals.

I've had simliar thoughts...

I've also wondered if they'd be emboldened to reval the dong after having learned of the reval of the dinar.


:)

[Garf]

Sounds more like they are likely to be worth something sooner than that - say in a matter of weeks seeing that they are already WTO members and Article 8 is done and dusted. Furthermore, they already have major investors in there already with a lot more considering it ahead of China. I plan on buying 3million dong next week. A 3c or 5c reval will do me nicely and that should give me $90K or 150K respectively. I think this will happen before the dinar revals.

3c would get me $315K... USD :)

[Garf]

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