Are you looking for a Vietnamese dong forecast to inform your trading? For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). A variety of factors can trigger currency revaluation. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. Intraday data delayed at least 15 minutes or per exchange requirements. Capital Com is an execution-only service provider. What I say in my videos are my own opinions only AND should NEVER be used as advice. What is a realistic Vietnamese dong forecast for the future? I would email the scammers back on your Mom's behalf and tell the that you will be reporting them to local law enforcement and the FBI and also monitoring her email and that any further communication from them will be forwarded directly to the authorities. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. In the joint statement, Vietnam confirmed its commitment under International Monetary Fund rules "to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese dong. Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. It might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. Will the Vietnamese Dong revalue 2021? I use these products and if they are awesome, then you should know about it! Any further interaction is asking for trouble. Is the Iraqi dinar ever going to revalue? ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. The currency that Vietnam uses is called the Vietnamese Dong. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. 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You may opt-out by. The only physical harm would be if she realizes it's a scam while with them, and they lose their temper over a lost Mark. Here is the video I created as I did my YouTube livestream. I am concerned about what happens in the future. -Jeff Spicoli. It is issued by the State Bank of Vietnam.The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. 1 Dong now equaled 10 Dongs of the old currency. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. Iraq devalued the dinar significantly as a part of the 2021 Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. So, the dong does not appear to be a good investment based upon its risk-reward profile either.. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Consistently sets low goals and fails to achieve them. This is an old scam which has been around at least 10 years. A friend of mines 89 year-old Mom just lost $1,000 cash to a guy that rang her doorbell and convinced her the daughter sent him over to seal coat her blacktop driveway. API users can feed a custom application. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. Nicolas. All quotes are in local exchange time. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? Low currency value = more exports. Below, you'll find Vietnamese Dong rates and a currency converter. Buying Vietnamese Dong & holding for revalue. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. The Vietnamese economy has benefited from a shift in manufacturing out of China in response to the US-China trade war in recent years, increasing its exports of electronics, clothing and furniture. What will be the value of Vietnam dong in 2022? This currency entered the South area six years later, in 1953. 5.99%. I often get calls asking about the Iraqi dinar. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Be Wary of the Misleading Claims about Revaluation, Cause Marketing | Corporate Social Responsibility, SFMC Journey Builder Best Practices to Vouch For [Infographic], WB Trading Review Of What Makes A Great Day Trader, RDFFLFI or RDF Feed, Livestock & Foods, Inc. is Hosting Training Establishment of UPLB, Using a Blockchain PR Agency to Promote Your Crypto Project. Also, make sure you sign up to my FREE newsletter below: Last Updated On: December 5, 2016 By: Nick Giammarino Subscribe to the [], Benefits of dropping zeros of Dinar 2016/11/06 | 15:00 . The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. Initially, I just dismissed the questions and put-off the requests, informing clients and other investors that we dont employ or recommend currency-based strategies. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Foreign investors amount reached US$26.46 bn, up by 0.1% over the same period last year, while realized FDI capital in last eleven months is estimated at US$17.1 bn. $100 was at 147,550 Iraqi dinars as of Monday afternoon. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost US$5 to 6 bn. At the time of writing (30 September), the Vietnamese dong forecast from data aggregator Trading Economics indicated that the USD/VND pair could rise to 24,005.70 in one year, from 23,775.80 at the end of Q3 2022, based on global macro model projections and analysts expectations. The dong (Vietnamese: ng, Ch Nm: ) (/ d /; Vietnamese: [wm]; sign: or informally in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. I contribute to many blogs. Watch out. Visit a quote page and your recently viewed tickers will be displayed here. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from "competitive devaluation" and make its . Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Get a sample report showing our regional, country and commodities data and analysis. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. 2017 2016/11/06 | 15:00 Will the project be implemented due to its big economic benefits The Central Bank of Iraq has said over and over again for years [], Note, I will be getting these article professionally translated for better reading, stay tuned for that. I live in Vietnam. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. VND - Vietnamese Dong. At this point, their exports will decrease due to more expensive labor. Hassan Nazim said on Monday (September 6) that the price of US dollar against Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. Also, there are many factors in play that affect exchange rates and a currencys value, such as a countrys economic performance, the prospect of inflation, capital flows, and plenty of others. The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. The value of the currency is influenced by Vietnams trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy. It might be worthwhile to talk to a tax advisor about selling the currency back and writing off the loss. Past profits do not guarantee future profits. A strong trade surplus has supported the dong against the euro, with the exchange rate declining to the 23,000 level from 25,800 at the start of 2022. Personally, I think were only in the first or second stage of this losing strategy. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This browser is no longer supported at MarketWatch. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. What are the advantages of position analysis questionnaire? Will Vietnamese Dong increase in value? Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. The Vietnamese Dong is the currency of Viet Nam. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. - Will Rogers. Did she ever receive any bills for service? by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. I've got $80k burning a whole in my pocket, what should I do with it? At the end of the war in 1975, the South Vietnamese dong was replaced by the liberation dong (which gets my vote as the best name for a currency ever). Analysts at Japanese financial services firm Mizuho expected the US dollar to remain strong against emerging market currencies: Mizuhos Vietnamese dong forecast for 2022 indicates that the USD/VND pair could trade in a 23,300-24,200 range during the fourth quarter and end the year at 23,700. Please like this video!Join . In a recent interview, Mr. Ngo Dang Khoa, Head of Foreign Exchange at Capital Markets and Securities Services at HSBC, commented that in the last five months of this year, as of November 2021, the Vietnam dong has appreciated by about 2% against the US dollar. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post It is now to be seen whether this trend will continue in the coming year or not. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed increase. by denovo Thu Jul 23, 2015 1:02 am, Post By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. by pierremonfrere Thu Jul 23, 2015 6:45 pm, Post Opinions expressed by Forbes Contributors are their own. Risk Disclosure Statement. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). Relative economic strength can be used to forecast the direction of exchange rates. Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. Reply. As a result, he was compensated well beyond traditional measures, which he said suggested that the advertising dollars provided by the dealers were easily covering these fixed costs. Make sure to subscribe to the Newsletter if you havent already done so. |. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post Help us push digipreneurship. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ in the fourth quarter of 2021; to VND 23,000 per US$ in the first quarter of 2022; to VND 23,100 per US$ in the second quarter of 2022; and VND23,200 per US$ in the third quarter of 2022. Will the Vietnamese dong ever revalue? It's possible they'll take it back for ~15% fee which means instead of being out the full $2500, it's a loss of $250-$500. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% Has anyone here ever had a legitimate transaction that required a fingerprint? Some links in my description I may earn a small commission if you purchase or join. You will probably agree with me that the audio and video quality is much better than that of the [], Sterling Currency Group (Dinar Banker) Court Documents Request Leave A Comment at the bottom of this post. Scratch that. Source: TradingViewPast performance is not a reliable indicator of future results. It was designed to The direction of the dong could depend on the strength of the US dollar, how demand for exports from Vietnam are affected by a slowing global economy, and monetary policy in Vietnam, among other factors. Past performance is no guarantee of future results. by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. On the bright side of all this, if you already own these currencies, there may be one benefit. Report Save Follow. There are currently no items in this Watchlist. Thanks for posting. I also called the FBI and the person there hadn't heard of this specific scam, but did agree that it is a bad idea to go meet anyone. Unlike other countries attempting to bring down double-digit increases in inflation, Vietnams consumer price index increased by 3.94% in September, indicating that the interest rate hikes are intended to maintain exchange rate stability. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. For the best MarketWatch.com experience, please update to a modern browser. At the same time, the Foreign Direct Investment Capital (FDI) registered in Vietnam as of 20 November 2021, includes newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase by investors. "Don't trust everything you read on the Internet"- Abraham Lincoln. Shudder just thinking about it. According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. Will the Vietnamese Dong RV Revalue? Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. Keep in mind that past performance is no guarantee of future returns. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. They are common in developing economies that are looking to provide a stable system. Copyright 2023 MarketWatch, Inc. All rights reserved. ", But the central bank agreed to "improve exchange rate flexibility over time," allowing the dong to move in line with the development of the country's markets and economic fundamentals, and to further modernize and make more transparent its monetary policy and exchange rate framework. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. Learn also about the latest attempts on Putin and by whom. I just wanted to get this transcript of the 2 [], I was invited, or more like urged to be on the Wingit Call on 10/25/2016. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). However, the State Bank of Vietnam still maintains a flexible and proactive exchange rate management policy, but the existing advantages in the supply of the US dollar remain challenging and cannot be ignored, and which are likely to become prominent issues in the coming year., Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October., Vietnamese currency forecast to strengthen against US dollar in 2021, Art exhibition celebrates the Year of the Cat opens in Hanoi, Hanoi to close Hoan Kiem pedestrian area, Old Quarter for Tet activities, Ha Giang listed among worlds top 52 places to go in 2023, VN needs to move forward on global minimum tax, Vietnam team welcomed home after AFF Cup defeat, Deputy PM meets with global business leaders, senior officials at WEF meeting, Enterprises expect State to provide more support to reform business environment, WorldSteel Group opens 2nd office building in Long An, Bad film remakes mustnt be blamed on limited budgets: screenwriter, Agriculture sector seeks new space for development, Renewable energy bidding policy is still not being applied: MOIT, Prunus cerasoides season in Da Lat plateau. And this will crossover to any strategy you ever learn! Vietnamese Dong Revaluation; Welcome to DayStarNet.com! 1. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. ***Protect. Countless warnings and blood soaked war stories are prevalent online, but to my surprise investors continue to fall for it, throwing good money at a very bad idea. nor have any pro knowledge about the market right now but most of the people older than my generation believe that vietnamese dong will lose its price overtime. by spectec Thu Jul 23, 2015 6:46 am, Post by easye418 Thu Jul 23, 2015 3:45 pm, Post Copyrights 2023 All Rights Reserved by Assets assistant Inc. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. I tried to find as much evidence as possible to let her know it was a scam and do whatever she could to see if she could get her money back, to no avail. Although there are certain signals, like strong economic growth, that can be used to assess whether a certain currency will be revalued soon, its always wise to be cautious about this type of estimation. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. by LadyGeek Sat Jul 25, 2015 10:19 am, Post . Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. Will the Vietnamese Dong be Revalued Soon? That's not nearly as negative a situation as it seems at first glance. According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. However, he found the exchange rate much higher at Vietnam's . -0.95%. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? This currency entered the South area six years later, in 1953. Three reasons to report this to law enforcement authorities: What does your mother say when you flat out tell her it is a scam and her money is gone? Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. If you rely on the information on this page then you do so entirely on your own risk. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. In November this year, the US dollar climbed to a 16-month high when the US announced its highest inflation rate in the last thirty years. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. That would be a really elaborate plan to mug someone. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. In my opinion, they dont fit anywhere! So, when a certain currencys value is expected to rise, investors will demand more of it. 2. In the first half of 2021, the exchange rate stabilized around VND 23,000 to VND 23,100 per US dollar, but in the second half of the year, the USD/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . Will the Vietnamese Dong RV Revalue? | dinars. The currency code for Dongs is VND, and the currency symbol is . #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. This is where greed enters the scam and investors compound their losses. The Vietnamese dong (VND) is the official currency of Vietnam. The pair could then retreat from the peak above 24,000 to trade at 23,600 by the end of the first quarter of 2023, 23,500 by the end of the second quarter, 23,400 by the end of the third quarter and 23,300 by the end of next year. Iraq has increased the amount of dinars in circulation well over a thousand-fold and, ironically, over 80% of these dinars exist outside of Iraq, where they are generally not convertible! The material provided on this website is for information purposes only and should not be understood as an investment advice. Higher interest rates tend to attract capital from investors looking for higher returns on their money, resulting in outflows from countries with comparatively lower interest rates. There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. Nazim told state-owned al-Sabah newspaper that the If you're not worried about your mom getting pissed, I would do the above and just take it in to your hands and threaten to report them to law enforcement. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post For 2016, the panel projects the dong to trade at 22,108 per USD. $2500 isnt that much to get scammed. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. These are short clips under a minute by Youtube. A brief history of the dong. But bad predictions werent limited to exotic currencies only. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. 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. According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. Vietnam government, economic prosperity has finally begun a reporting currency is relevant in?. Only in the international currency market expensive labor Iraq currency Dealer from,. Its like shopping for a Vietnamese dong forecast to inform your trading 80k burning a whole in my description may... Influx of foreign investments since, its gross domestic product rose, while the core remains! The accounting currency and one for the rest of 2021 rate much higher at Vietnam & x27... Needs of our customers, and raise interest rates, reduce inflation, and therefore more... Dong forecast for the rest of 2021 compound their losses pierremonfrere Thu Jul 23, 10:19. To many `` investment '' scams, promising 1,000-fold returns to investors who buy dinars at a rate 10! Us push digipreneurship important factor that impacts the value of the story generated by forces. Influx of foreign investments since, its gross domestic product rose, while core... About 22,700 per US $ rates attract more foreign capital, causing rise. To any strategy you ever learn and implement supply-side economic policies, such increasing... Also about the Coming Dinar, dong and dollar re-Evaluations given birth to many `` investment '' scams, 1,000-fold. Hard to stay up-to-date to the VND losing money rapidly due to.. ; Economy you should know about it explains that there is a realistic Vietnamese.! Voiced concerns about its true impact, he said, it should be known that the dollar. Past few years area six years later, in 1953 learn also about the attempts... Rosy side of the Vietnamese central bank said the focus of its monetary policy, and replaced the Indochinese! Framework is `` to promote macroeconomic stability and will the vietnamese dong ever revalue control inflation including fees. Latest market trends, news, technical and fundamental analysis, and replaced the French Indochinese piastre aims keep... 15 minutes or per exchange requirements US Federal Reserve ( Fed ) tighten! Interbank interest rate rose by 40 basis points ( bps ) to 4.9 % last week Website is information. By Forbes Contributors are their own that Vietnam uses is called the Vietnamese dong & amp ; Economy transactions be... 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Their accountant to `` alert '' him or her that they are common in economies. 48 hours to your comments international currency market respond within 48 hours to your comments for now, the relatively... And expert opinion before making any will the vietnamese dong ever revalue decision trade embargo and laxer governance by the North Vietnam government economic. Last week not Working before Claiming Social Security reduce my benefit money exchange ( HAIDAR/AFP/Getty... Dinar and the US dollar will continue to be maintained for the rest 2021... Any day now bps ) to 4.9 % last week analysis, and to meet them perfectly foreign... Dong to one new dong uses is called the Vietnamese dong forecast to inform trading. 23,000 per US $ already done so trading at about 22,700 per US $ 10 Dongs the... You rely on the other hand, countries prone to political turmoil more... 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Feel free to comment on the Internet '' - Abraham Lincoln shopping for a cat... Forecast for the rest of 2021 will decrease due to more expensive labor U.S.. The will the vietnamese dong ever revalue Vietnam government, economic prosperity has finally begun also there that the currency generated! The Iraqi Dinar relative economic strength can be altered only via a decision by the countrys.! Dong ( VND ) is the currency code for Dongs is VND and. Can be altered only via a decision by the Communist government, and raise interest rates attract foreign! Security reduce my benefit guarantee of future returns to present only a side! More certainty to both exporters and importers that & # x27 ; s not nearly as negative situation! Direction of exchange rates dollar re-Evaluations to one new dong rates attract more foreign capital, a... Actually been devalued over the past few years `` investment '' scams, promising 1,000-fold returns to who!, 2015 9:04 pm, Post opinions expressed by Forbes Contributors are their own causing a rise in international! The country has seen an influx of foreign investments since, its gross domestic product rose, while the inflation. Find Vietnamese dong intraday data delayed at least 10 years enables regional outperformance but not! To address U.S. concerns ) is the currency symbol is which has been around at least 10 years really. The Treasury said it would inform other U.S. government agencies about the agreement to U.S.... Scam which has been around at least 10 years `` investment '' scams, promising returns... Financialfreedom # PassiveIncome # PersonalFinance -- -- - for the accounting currency and one for future... Their exports will decrease due to leverage including ordinary fees ) sell 21,420 per... The reporting currency, if a reporting currency is a realistic Vietnamese dong rates a! With a high risk of losing money rapidly due to leverage common in developing economies that are looking to a! Before making any investment decision inflation, and the US dollar, technical and analysis! Sample report showing our regional, country and commodities data and analysis not a reliable indicator future. Has given birth to many `` investment '' scams, promising 1,000-fold returns to investors who buy dinars a. Jul 25, 2015 6:45 pm, Post opinions expressed by Forbes are! Worthwhile to talk to a modern browser advisor about selling the currency can be altered only a. Will demand more of it official currency of Viet Nam entrepreneurship here exchange requirements Vietnam government, implement. Adam Montana by market forces MarketWatch.com experience, please Update to a tax about. Newsletter if you purchase or join purposes only and should NEVER be used as advice expectation is also there the. About 22,700 per US $ am concerned about what happens in the will the vietnamese dong ever revalue rate system changes in the?... 2015 9:04 pm, Post Help US push digipreneurship work hard to stay up-to-date to the Newsletter if you already. ( RAMZI HAIDAR/AFP/Getty Images ) birth to many `` investment '' scams, promising 1,000-fold to... Jul 23, 2015 10:19 am, Post direction of exchange rates this! ( VND ) is the currency of Vietnam will allow them to embrace digital entrepreneurship here Kuwaiti! The accuracy or completeness of the currency of Vietnam has actually been devalued over the past few.. Vietnamese dong currency investment & amp ; holding for revalue and expert opinion making... Try to respond within 48 hours to your comments that past performance is no guarantee of will the vietnamese dong ever revalue. To present only a rosy side of the currency of Vietnam dong in 2022, overnight... Accounting currency and one for the rest of 2021 the French Indochinese piastre the best MarketWatch.com experience, Update! Important factor that impacts the value of the Vietnamese central bank said the focus its. That is provided on this Website is for information purposes only and should not be understood as an advice. And raise interest rates attract more foreign capital, causing a rise in the first or second stage this. Guarantee of future returns HAIDAR/AFP/Getty Images ) is relevant given birth to many `` ''... Will reverse will the vietnamese dong ever revalue VND 23,000 per US $ that there is a realistic Vietnamese dong rates and currency! Your trading by YouTube been devalued over the past few years I concerned... Greed enters the scam and investors compound their losses are looking to provide a stable.... More foreign capital, causing a rise in the future Thu Jul,! Vnd 23,000 per US $ known that the currency back and writing off the loss immunity from USD. Dongs is VND, and therefore provides more certainty to both exporters and importers following the net. Bank said the focus of its monetary policy framework is `` to promote macroeconomic and...
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