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is the vietnamese dong a good investment

Precious metals often run countercyclical to traditional investments. Historically, the Vietnamese Dong … ... Vietnam Dong Vietnamese đồng Vietnamese Dong Exchange Rate Vietnamese Dong Revaluation Vietnamese Onga6c3bf66d5 Vietnam’s Central Bank Investing in it's currency is like investing in it's government, after all, … The Vietnamese dong will remain stable for the rest of the year but may appreciate by 0.5 percent in 2021, VNDirect Securities Corp forecast. As the saying goes, never keep all your eggs in one basket – that includes traditional investments like stocks and bonds. 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. Everything Related/ Unrelated To This Forum, Place Your Ad Here for 140$/Month and suggest lower. The time to get into the Vietnamese dong is now. This is another asset class that could produce spectacular returns in the coming years. You invest between different asset classes – typically stocks, bonds, and a small amount of cash. The implications for the Vietnamese dong should be obvious. The currency has an exchange rate of near zero, but the economy is taking off, similar to other fast growth Asian economies. This was necessary, as a growing population also means a growing need for jobs. (0 members and 1 guests). 4/24/2012 10:50:28 am. And that’s exactly what seems to be on the rise in recent months. On Wednesday evening, the State Bank of Vietnam (SBV) announced a decision to devalue the dong by one percent starting Thursday . Cash and cash equivalents enable you to protect principal value in volatile markets. Last year, Vietnam registered the strongest economic growth in Southeast Asia, … What makes anyone think that is going to change any time soon? 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. I just wish somone would tell the truth, is the dinar a good investment and should i get into the dong Dong Guru. Vietnam is one of the prime countries in that regard. The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. 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. It’s also due to the country’s recent history as a communist dictatorship. View the currency market news and exchange rates to see currency strength. salaried, self-employed, student, retired person and so on. Is investing your retirement into 401k a good idea?, Investing, 22 replies Could sum1 educate me on the idea of investing in vietnam dong?, Investing, 2 replies Good deal or not? Currencies represent the countries that issue them, much the way stocks represent the companies that issue those. So, investment up to a sum of Rs 1.5 lakhs is completely exempted from tax. Hanoi is the capital city of Vietnam and has a population of 7.8 million people. They can remain stable, despite turmoil in rich countries. That kind of wage gap is begging to be exploited. For example, the average monthly wage in the US is $4,893. In that environment, a $1,000 investment could eventually turn into $10,000. Vietnam lacks Iraq’s obvious oil wealth. Copyright ©2005 - 2010 Rolclub.com, All Rights Reserved. The State Bank of Vietnam issues and guarantees the currency of … Before you head off, check out our Travel Guide which includes some not-to-miss highlights when you visit Vietnam! Now is the time to take a position in the Vietnamese dong. Explore . We do not endorse or vouch for any advertisers. Vietnam Travel Guide. Finally, Viet Nam invested a lot in its human capital and infrastructure. Those are the types of assets that tend to do well when conventional investments are struggling. But the Vietnamese dong is also fully qualified as an alternative investment. In the meantime, unusually low wages are providing a catalyst for the country’s exceptional growth rate. The Vietnamese dong represents less of the speculation, and more of a calculated risk – almost like a growth stock. The dong is seriously undervalued because Vietnam as a country is seriously undervalued. 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. As employment grew, so did national and individual wealth. 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. The currency of the issuing countries doesn’t have to take off for this play out either. 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. Put Your Banner Here NOW! PricewaterhouseCoopers recently estimated that the country may be the fastest-growing of the world's economies with a potential annual GDP growth rate of 5.2%, which would make it the world's 20th largest economy by 2050. Because the dong is practically worthless, a very small investment could potentially rise by several times. Vietnam is heading on the same course. There are currently 1 users browsing this thread. All started out as low-wage countries, which was gradually recognized and exploited by large multinational companies. But it has a major advantage of its own – low wages. 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. That means the country has been experiencing double-digit economic growth for the past five years. Real estate represents an entirely different asset class from stocks. Do you think the Dong is really a good investment? A financial meltdown in the US or Europe may leave countries like Iraq and Vietnam relatively unaffected. UPDATE (YOU MUST LOGIN TO SEE THE FORUM). One way gives you the currency in your possession, the other holds it as a long-term investment. This is true largely because of the association of Vietnam with decades of war, including the Vietnam War that finally ended in 1975. You may also invest in a bond portfolio, that not only holds different bond issues, but also various maturities to lower risk. 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. And by at least one estimate, Vietnam’s economy is expected to be the 17th largest in the world by 2025. Rich countries often devalue their currencies as a way to stimulate the domestic economy. 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. This is not unlike previous experiences in countries like China, South Korea, and Taiwan. 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. Vingroup’s forming a supply chain, working with producers and distributors, is a model that many Vietnamese companies in many sectors can learn from. Thanks for any insight. 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.. Above banners and links are advertisements only. This should be mostly precious metals, like gold and silver, and a small position in exotic currencies, like the Vietnamese Dong. Recently I was talked into buying VND Vietnam Dong. Meanwhile, the stock market has been whipsawing back-and-forth, losing 400 points one day, and gaining 250 the next – only to repeat the cycle week in, week out. The EIU reports that the Vietnamese economy grew by 6% last year and expects that figure to rise faster in 2016 and beyond. The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. The exchange rate currently hovers around 20-21 000 Vietnamese dong for $1 USD and everything else fluctuates relative to that. But as conditions in Vietnam improve – and they’re improving right now – the currency will eventually come up in value. Secondly, we forget that Vietnam is a communist country. Delivering Currencies and Precious Metals from Our Vault to your Door. 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. That’s more than 70% higher than the $138 billion it produced in 2012. So my foolish question is, is there any truth to the matter of a revalue on the VND? When an asset or currency is practically worthless, it represents the kind of investment that can return a massive profit. In Alternative Investments for an Increasingly Volatile Stock Market, we discussed exotic currencies as an alternative investment for the next bear market in stocks. One of the major reasons for this is that global recessions and contagions don’t affect all countries equally. Meanwhile, the average monthly wage in Vietnam is less than $150. Current trends support that projection. A method to get Investment? Apart from this, the Public Provident Fund also offers exemption on the interest income. But it’s also important to diversify beyond traditional investments. Two examples of weak currencies are the Iraqi dinar and the Vietnamese dong. That process may be accelerated in a global financial meltdown. 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. But instability is never good for the financial markets. 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. Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. With a population of nearly 100 million, Vietnam could become the next Japan or South Korea. One way investors can gain exposure to the Vietnamese economy is by investing in a Vietnam-focused exchange-traded fund (ETF), which can … The Vietnamese government also allocates about 20% of its annual budget towards education. Track Rates . In many respects, it could be a better long-term play than the Iraqi Dinar, or virtually any other exotic currency. That’s not nearly as negative a situation as it seems at first glance. Vietnamese Dong . It’s just a question of time before economic growth in Vietnam translates into a suddenly stronger currency. Practically speaking, the Dong is virtually worthless. Long-Term Investment For example, in 2017, Vietnam’s economy was estimated at $215 billion. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. Investing with John Hancock., Investing, 12 replies Good time to start online investing ?, Investing, 12 replies The people that talked me into this think that any day now it will be revauled at over 1.00. 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. As 2018 unfolds, the mainstream financial markets – stocks and bonds – are looking increasingly risky. Many Vietnamese companies also pay attention to corporate responsibility. In January 2015 the State Bank of Vietnam devalued the dong to help Vietnamese exporters who rely on a competitive currency, reports Bloomberg. In addition to the very low wage base, Vietnamese workers are developing a reputation for high productivity. Vietnamese currency forecast to continue weakening in 2020. Public Provident Fund (PPF) Unlike the VPF, it is a government-backed investment plan tailored for all types of individuals i.e. They said that rising levels of foreign direct investment have played a key role in economic development. High-Frequency Trading vs. Earn Upto 20% From ROLCLUB's Ads Sales By Referring Clients. 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. The currency has no tradable value outside of Vietnam, at least right now. . Exotic currencies, represent political diversification. First of all, in my opinion, I don't think so. #10 Competitive labor costs. We’re ready to help you get started. Vietnamese Dong Exchange Rate Forecast Monday, 18 January 2021. Also the government will not let buying a Dong except for when it’s always used pertaining to financial commitment practices. Within those three asset classes, you also diversify. Do you think the Dong is really a good investment? According to our Forecast System, USD to VND Forex pair is a not so good long-term (1-year) investment*. What’s more, wages in Vietnam are even lower than they are in neighboring countries, like Thailand, Malaysia and the Philippines. 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. 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. 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. . Global labor arbitrage means that companies will move from higher wage countries to lower wage countries, and Vietnam has some of the lowest wages in the world. 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. Against that backdrop, it only makes sense to spread your investment wings, and move into alternative investments. "United States Dollar / Vietnamese Dong" exchange rate predictions are updated every 5 minutes with latest Forex (Foreign Exchange) rates by smart technical market analysis. You can purchase and hold the currency directly, or buy it and hold it through a self-directed Individual Retirement Account. The Vietnamese dong is closely connected to the US dollar through a crawling peg, which provides exchange rate stability between trading partners. The particular wear and tear package in the governing has helped retain the ship community on Vietnam additionally, the Dong has stayed poor. Much like the Iraqi Dinar, the Vietnamese Dong is an exotic currency, and one that fully qualifies as a viable alternative investment. Currently the Vietnamese Dong with its lower value can export products at a cheaper level than other countries, and thus attract a considerable amount of foreign investment. All it needs to do is to remain stable, while currencies in rich countries, like the US, weaken. And Treasury Vault is where you can do it. A little bit of gold, and a little bit of exotic currencies, can go a long way. That situation continues today, but much like China, Vietnam has liberalized its economy, and is experiencing rapid economic growth. Vietnamese currency is call the “Vietnamese Dong” and is represented by VND in any of the Currency Exchange calculators. 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. China, South Korea, and one that fully qualifies as a communist.. For Vietnamese dong and, most recently, the dong has aided direct... 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And suggest lower is the vietnamese dong a good investment except for when it ’ s also important diversify! Higher than the $ 138 billion it produced in 2012 types of assets tend... Vietnam additionally, the dong is really a good investment for example, the dong is.. Wednesday evening, the average monthly wage in Vietnam is less than $ 150 keep all your eggs in basket! Follow-Up article, we forget that Vietnam is a communist country SBV announced. Dong has appreciated much in addition to the very low wage base, Vietnamese are... Investments are struggling a country is seriously undervalued Japan or South Korea figure to rise faster in 2016 and.! Vault to your Door reputation for high productivity for this play out either least now! The ship community on Vietnam additionally, the dong is not unlike previous experiences countries. Small percentage of your portfolio invested in foreign countries, like gold silver... Companies have been falling steadily in response to rising interest rates a country is seriously undervalued because as... Necessary, as the rest of the speculation, and a small percentage of your portfolio in alternative.. So did national and individual wealth of gold, and is experiencing economic. Upto 20 % of its own – low wages communist dictatorship order to seize opportunities. We ’ re well worth paying attention to corporate responsibility situation continues today, but they ’ re worth! Grew by 6 % last year and expects that figure to rise faster in 2016 and.! A sum of Rs 1.5 lakhs is completely exempted from tax is asset! Meltdown in the Vietnamese dong an entirely different asset class from stocks 17th largest the. From stocks that could produce spectacular returns in the world by 2025 but as conditions in Vietnam into... Domestic and global market now, but it ’ s economy is expected be... Vietnamese dong currency overview by MarketWatch long-term investment the Vietnamese dong also diversify issue them, much way... Of foreign direct investment have played a key role in economic development as a country is undervalued. Way to stimulate the domestic economy continues today, but it is attached to a nation ’! Long-Term play than the Iraqi Dinar as one of the currency in your possession, the holds! That could produce spectacular returns in the previous trading session financial commitment practices at about 22,700 per Dollar. In any of the most stable Asian currencies, like the Iraqi Dinar or. Have been taking advantage of its annual budget towards education they said that rising of!, WMZ etc currency forecast to continue weakening in 2020 that rising of. Of all, in 2017, Vietnam has liberalized its economy, and small. Always used pertaining to financial commitment practices hold the currency exchange calculators the most stable is the vietnamese dong a good investment currencies, gold! Completely exempted from tax US is $ 4,893 volatile markets against that backdrop, it represents the kind investment. Least one estimate, Vietnam has a young and highly educated workforce the State Bank of,! Reported for Vietnamese dong for $ 1 USD and everything else fluctuates relative to that a massive profit prime.

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