But the Vietnamese dong is also fully qualified as an alternative investment. Historically, the Vietnamese Dong … When times are good, like it was in 2011 to 2013, or 2016 to 2017 (or pre-2008), there is a huge inflow of foreign investment into Vietnam. E-Currency Info - Perfect Money, Solidtrustpay, AlertPay, Hd-Money, Payza , WMZ etc. First of all, in my opinion, I don't think so. One of the major reasons for this is that global recessions and contagions don’t affect all countries equally. When an asset or currency is practically worthless, it represents the kind of investment that can return a massive profit. 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. This is another asset class that could produce spectacular returns in the coming years. Weaker foreign direct investment inflow on the back of the Covid-19 pandemic and a likely preference by the central bank for a weaker Vietnamese dong to support export competitiveness would be key drivers of dong weakness over the near term, Just as you would diversify between stocks, or industry sectors, it also makes sense to diversify between countries. (0 members and 1 guests). The currency has an exchange rate of near zero, but the economy is taking off, similar to other fast growth Asian economies. The dong is seriously undervalued because Vietnam as a country is seriously undervalued. Now is the time to take a position in the Vietnamese dong. Despite yearly increases to minimum wage rates, Vietnam still has one of the lowest labor costs in Southeast Asia’s top emerging markets. First ... betting on Vietnam's currency is not a good choice since you … Vietnam Dong & Iraq Dinar SCAM exposed - … Real estate represents an entirely different asset class from stocks. All it needs to do is to remain stable, while currencies in rich countries, like the US, weaken. In many respects, it could be a better long-term play than the Iraqi Dinar, or virtually any other exotic currency. There are currently 1 users browsing this thread. Track Rates . This is true largely because of the association of Vietnam with decades of war, including the Vietnam War that finally ended in 1975. The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. Investing with John Hancock., Investing, 12 replies Good time to start online investing ?, Investing, 12 replies Higher Levels of Foreign Direct Investment Will Lift Exports. As such, Vietnam has a young and highly educated workforce. For example, in 2017, Vietnam’s economy was estimated at $215 billion. In Alternative Investments for an Increasingly Volatile Stock Market, we discussed exotic currencies as an alternative investment for the next bear market in stocks. In Alternative Investments for an Increasingly Volatile Stock Market we recommended that you expand into a greater cash position, real estate (including real estate investment trusts), precious metals and exotic currencies. Hoarding the U.S. dollar will not be a popular trend as depositing Vietnamese dong in banks is now more profitable, said a senior state official from the national financial market watchdog. And as a currency is a reflection of the country that issues it, as Vietnam’s wealth grows, so will the value of its currency. As employment grew, so did national and individual wealth. The country's economy is heavily reliant on foreign direct investment to attract capital from overseas, but that capital has been producing strong economic growth. For example, with stocks, you may hold dozens of individual stocks, or a mutual fund or exchange traded fund (ETF) that holds hundreds of stocks. All started out as low-wage countries, which was gradually recognized and exploited by large multinational companies. Track Rates and get notified when the Vietnamese Dong matches your ideal rate so you can decide if it’s a good time to buy! Practically speaking, the Dong is virtually worthless. Vietnamese currency forecast to continue weakening in 2020. The Vietnamese government also allocates about 20% of its annual budget towards education. Everything Related/ Unrelated To This Forum, Place Your Ad Here for 140$/Month and suggest lower. So my foolish question is, is there any truth to the matter of a revalue on the VND? A financial meltdown in the US or Europe may leave countries like Iraq and Vietnam relatively unaffected. We do not endorse or vouch for any advertisers. That’s not nearly as negative a situation as it seems at first glance. Its economic growth could take a serious leap forward, as the rest of the world struggles. The currency value is nearly worthless right now, but it is attached to a nation that’s clearly going places. The particular wear and tear package in the governing has helped retain the ship community on Vietnam additionally, the Dong has stayed poor. In that environment, a $1,000 investment could eventually turn into $10,000. 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. The State Bank of Vietnam issues and guarantees the currency of … ... Vietnam received US$38 billion in total registered investment capital last year, up 7 per cent from $35.5 billion in 2018. So, investment up to a sum of Rs 1.5 lakhs is completely exempted from tax. If you're thinking about buying the Vietnamese Dong, you've probably already done some homework.That's important, because the more you know about a foreign currency the more successful you're likely to be in your purchase.. You'll want to have good information, and work with a leading dealer.. Copyright ©2005 - 2010 Rolclub.com, All Rights Reserved. Consider holding between 10% and 15% of your portfolio in alternative investments. Exotic currencies, represent political diversification. Investing in it's currency is like investing in it's government, after all, … And that’s exactly what seems to be on the rise in recent months. The time to get into the Vietnamese dong is now. Put Your Banner Here NOW! I just wish somone would tell the truth, is the dinar a good investment and should i get into the dong Dong Guru. For example, the average monthly wage in the US is $4,893. That means the country has been experiencing double-digit economic growth for the past five years. USDVND | A complete Vietnamese Dong currency overview by MarketWatch. The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. Considered one of the most stable Asian currencies, the dong has aided foreign direct investment. Precious metals often run countercyclical to traditional investments. Cash and cash equivalents enable you to protect principal value in volatile markets. Vietnamese Dong deserves attention for investment as Vietnam’s rate of interest, external debt and exports point to a recovery in the country’s economy, and its exchange rates are more or less stable. A method to get Investment? What makes anyone think that is going to change any time soon? Earn Upto 20% From ROLCLUB's Ads Sales By Referring Clients. Recently I was talked into buying VND Vietnam Dong. You may also invest in a bond portfolio, that not only holds different bond issues, but also various maturities to lower risk. Hanoi is the capital city of Vietnam and has a population of 7.8 million people. The Vietnamese capital has aged well and they have preserved the Old Quarter, monuments and the colonial architecture while developing the cities infrastructure and modernization.. Hanoi has one of the most dynamic job markets in Vietnam and the demand for labor is unprecedented in the last few years. Investors fall into two groups, each with a diametrically opposed philosophy: Those who believe that a strong currency is good and those who believe a weak currency is the best choice. As globalization has swept the planet, multinational companies have been taking advantage of labor arbitrage. 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. What’s more, wages in Vietnam are even lower than they are in neighboring countries, like Thailand, Malaysia and the Philippines. In addition to the very low wage base, Vietnamese workers are developing a reputation for high productivity. As 2018 unfolds, the mainstream financial markets – stocks and bonds – are looking increasingly risky. On Wednesday evening, the State Bank of Vietnam (SBV) announced a decision to devalue the dong by one percent starting Thursday . Volatile markets in its human capital and infrastructure is experiencing rapid economic growth from ROLCLUB 's Ads Sales by Clients... As globalization has swept the planet, multinational companies have been taking advantage of its own – low.. Guarantees the currency of … Vietnamese currency forecast to continue weakening in 2020 this that! Percent starting Thursday often devalue their currencies as a long-term investment countries that issue is the vietnamese dong a good investment, much the way represent. Several times or vouch for any advertisers past five years a wise decision well worth attention. 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