Its economic growth could take a serious leap forward, as the rest of the world struggles. Hoarding the U.S. dollar will not be a popular trend as depositing Vietnamese dong in banks is now more profitable, said a senior state official from the national financial market watchdog. Vietnamese Dong Attracts International Attention Despite a surging economy, Vietnam’s currency, the Dong, has managed to escape the attention of international traders and investors. It’s worth noting that the government heavily regulates transactions in relation to foreign currencies, with rules on inflow generally more relaxed than those on outflow. The currency value is nearly worthless right now, but it is attached to a nation that’s clearly going places. In Alternative Investments for an Increasingly Volatile Stock Market we recommended that you expand into a greater cash position, real estate (including real estate investment trusts), precious metals and exotic currencies. The time to get into the Vietnamese dong is now. One way gives you the currency in your possession, the other holds it as a long-term investment. But as conditions in Vietnam improve – and they’re improving right now – the currency will eventually come up in value. In many respects, it could be a better long-term play than the Iraqi Dinar, or virtually any other exotic currency. From an investment standpoint, one of the advantages to investing in any asset that’s nearly worthless is that there’s virtually no downside risk. This should be mostly precious metals, like gold and silver, and a small position in exotic currencies, like the Vietnamese Dong. The currency of the issuing countries doesn’t have to take off for this play out either. If you are close to retirement age, betting on Vietnam's currency is not a good choice since you may be dead before seeing a return. The implications for the Vietnamese dong should be obvious. ... Vietnam received US$38 billion in total registered investment capital last year, up 7 per cent from $35.5 billion in 2018. In time, each of those countries became wealthy, industrialized nations. High-Frequency Trading vs. Despite yearly increases to minimum wage rates, Vietnam still has one of the lowest labor costs in Southeast Asia’s top emerging markets. View the currency market news and exchange rates to see currency strength. The Vietnamese dong represents less of the speculation, and more of a calculated risk – almost like a growth stock. When an asset or currency is practically worthless, it represents the kind of investment that can return a massive profit. Track Rates and get notified when the Vietnamese Dong matches your ideal rate so you can decide if it’s a good time to buy! And by at least one estimate, Vietnam’s economy is expected to be the 17th largest in the world by 2025. Vietnam lacks Iraq’s obvious oil wealth. Public Provident Fund (PPF) Unlike the VPF, it is a government-backed investment plan tailored for all types of individuals i.e. Current trends support that projection. This is true largely because of the association of Vietnam with decades of war, including the Vietnam War that finally ended in 1975. Facing a rapidly growing population - it stands at 95 million today, half of whom are under 35, and up from 60 million in 1986 – Vietnam made large public investments in primary education. That’s not nearly as negative a situation as it seems at first glance. One way investors can gain exposure to the Vietnamese economy is by investing in a Vietnam-focused exchange-traded fund (ETF), which can … Everything Related/ Unrelated To This Forum, Place Your Ad Here for 140$/Month and suggest lower. Two examples of weak currencies are the Iraqi dinar and the Vietnamese dong. But the Vietnamese dong is also fully qualified as an alternative investment. We’re not talking about the kinds of double-digit returns – 10% to 15% – that stock market investors have come to expect. Apart from this, the Public Provident Fund also offers exemption on the interest income. As employment grew, so did national and individual wealth. You can purchase and hold the currency directly, or buy it and hold it through a self-directed Individual Retirement Account. Investing with John Hancock., Investing, 12 replies Good time to start online investing ?, Investing, 12 replies The Vietnamese government also allocates about 20% of its annual budget towards education. Stocks and real estate prices go up, investors get more and more bullish and flood the market with cash, which further inflates asset prices and the domestic currency, create a boom cycle. Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. Do you think the Dong is really a good investment? What’s more, wages in Vietnam are even lower than they are in neighboring countries, like Thailand, Malaysia and the Philippines. salaried, self-employed, student, retired person and so on. The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. The USDVND increased 4.0000 or 0.02% to 23,069.0000 on Monday January 18 from 23,065.0000 in the previous trading session. Also the government will not let buying a Dong except for when it’s always used pertaining to financial commitment practices. ... Vietnam Dong Vietnamese đồng Vietnamese Dong Exchange Rate Vietnamese Dong Revaluation Vietnamese Onga6c3bf66d5 Vietnam’s Central Bank Earn Upto 20% From ROLCLUB's Ads Sales By Referring Clients. The currency has an exchange rate of near zero, but the economy is taking off, similar to other fast growth Asian economies. That kind of wage gap is begging to be exploited. Secondly, we forget that Vietnam is a communist country. This is not unlike previous experiences in countries like China, South Korea, and Taiwan. A financial meltdown in the US or Europe may leave countries like Iraq and Vietnam relatively unaffected. That situation continues today, but much like China, Vietnam has liberalized its economy, and is experiencing rapid economic growth. . What makes anyone think that is going to change any time soon? Above banners and links are advertisements only. Historically, the Vietnamese Dong … Put Your Banner Here NOW! 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Now is the time to take a position in the Vietnamese dong. This is another asset class that could produce spectacular returns in the coming years. Vietnam Travel Guide. Vietnamese Dong . The exchange rate currently hovers around 20-21 000 Vietnamese dong for $1 USD and everything else fluctuates relative to that. The Vietnamese Dong as an Alternative Investment, Alternative Investments for an Increasingly Volatile Stock Market, 2017, Vietnam’s economy was estimated at $215 billion, average monthly wage in Vietnam is less than $150, self-directed Individual Retirement Account, Top 10 Most Valuable Currencies in the World, History of the Iraqi Dinar – Pre and Post Saddam Hussein, Best Foreign Currency Investments 2019 – FOREX Guide For Today. (0 members and 1 guests). Most experienced investors understand the necessity of diversification. Copyright ©2005 - 2010 Rolclub.com, All Rights Reserved. Long-Term Investment In Alternative Investments for an Increasingly Volatile Stock Market, we discussed exotic currencies as an alternative investment for the next bear market in stocks. In a follow-up article, we focused on the Iraqi Dinar as one of those currencies. This is true in part because those countries aren’t as dependent on the activity in the financial markets that the wealthier countries are. On Wednesday evening, the State Bank of Vietnam (SBV) announced a decision to devalue the dong by one percent starting Thursday . The global economy is changing fast, and that kind of portfolio allocation will put you in a solid position to take advantage of the shifts. They can remain stable, despite turmoil in rich countries. Currency under ger pressure in 2020 currency under ger pressure in 2020 musings on markets january 2016 data vietnam real effective exchange rate singapore dollar to dong vietnamese dong predicted to continue. After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds. This is one of the primary reasons why the Vietnamese economy is one of the fastest growing in the world, and why it’s expected to join the ranks of the top 20 largest economies in the next decade. And as a currency is a reflection of the country that issues it, as Vietnam’s wealth grows, so will the value of its currency. Precious metals often run countercyclical to traditional investments. Exotic currencies, represent political diversification. Cash and cash equivalents enable you to protect principal value in volatile markets. In the meantime, unusually low wages are providing a catalyst for the country’s exceptional growth rate. 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