Earn Upto 20% From ROLCLUB's Ads Sales By Referring Clients. 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? Vietnam is one of the prime countries in that regard. Recently I was talked into buying VND Vietnam Dong. The implications for the Vietnamese dong should be obvious. Real estate represents an entirely different asset class from stocks. Rich countries often devalue their currencies as a way to stimulate the domestic economy. Investing in it's currency is like investing in it's government, after all, … In time, each of those countries became wealthy, industrialized nations. 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 globalization has swept the planet, multinational companies have been taking advantage of labor arbitrage. Because the dong is practically worthless, a very small investment could potentially rise by several times. Vietnam is one of four countries, along with China, Cuba and Laos, that remains a one party socialist state, officially espousing communism. It’s always best to buy into any asset when the value is low, and investors are looking in other directions. 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.. This is another asset class that could produce spectacular returns in the coming years. Apart from this, the Public Provident Fund also offers exemption on the interest income. The particular wear and tear package in the governing has helped retain the ship community on Vietnam additionally, the Dong has stayed poor. 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, 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. You can purchase and hold the currency directly, or buy it and hold it through a self-directed Individual Retirement Account. They can remain stable, despite turmoil in rich countries. In that environment, a $1,000 investment could eventually turn into $10,000. This is not unlike previous experiences in countries like China, South Korea, and Taiwan. A method to get Investment? As employment grew, so did national and individual wealth. Having at least a small percentage of your portfolio invested in foreign countries, can be a wise decision. According to our Forecast System, USD to VND Forex pair is a not so good long-term (1-year) investment*. But instability is never good for the financial markets. You might even invest in various sector funds, such as technology, healthcare and energy, as you look to take advantage of higher growth potential in specific industries. UPDATE (YOU MUST LOGIN TO SEE THE FORUM). Last year, Vietnam registered the strongest economic growth in Southeast Asia, … Both philosophies favor long-term investments. Also the government will not let buying a Dong except for when it’s always used pertaining to financial commitment practices. This is the process of moving production and jobs from high wage countries, like the US and Europe, and into countries where wages are very low. Explore . The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. The currency value is nearly worthless right now, but it is attached to a nation that’s clearly going places. The Vietnamese dong is not expected to rise in value or be significantly re-valued in the foreseeable future, according to Forbes. Before you head off, check out our Travel Guide which includes some not-to-miss highlights when you visit Vietnam! Thanks for any insight. Consider holding between 10% and 15% of your portfolio in alternative investments. A little bit of gold, and a little bit of exotic currencies, can go a long way. There are currently 1 users browsing this thread. I just wish somone would tell the truth, is the dinar a good investment and should i get into the dong Dong Guru. USDVND | A complete Vietnamese Dong currency overview by MarketWatch. They said that rising levels of foreign direct investment have played a key role in economic development. (0 members and 1 guests). Delivering Currencies and Precious Metals from Our Vault to your Door. What makes anyone think that is going to change any time soon? 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. You invest between different asset classes – typically stocks, bonds, and a small amount of cash. Investing with John Hancock., Investing, 12 replies Good time to start online investing ?, Investing, 12 replies Meanwhile, the average monthly wage in Vietnam is less than $150. With a population of nearly 100 million, Vietnam could become the next Japan or South Korea. That kind of wage gap is begging to be exploited. 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. Considered one of the most stable Asian currencies, the dong has aided foreign direct investment. 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. Vietnam Travel Guide. Vietnamese Dong Exchange Rate Forecast Monday, 18 January 2021. 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. Do you think the Dong is really a good investment? The currency has an exchange rate of near zero, but the economy is taking off, similar to other fast growth Asian economies. The EIU reports that the Vietnamese economy grew by 6% last year and expects that figure to rise faster in 2016 and beyond. It’s just a question of time before economic growth in Vietnam translates into a suddenly stronger currency. That means the country has been experiencing double-digit economic growth for the past five years. In Alternative Investments for an Increasingly Volatile Stock Market, we discussed exotic currencies as an alternative investment for the next bear market in stocks. Do you really think after over 33 years since the fall of Saigon the Dong has appreciated much? In addition to the very low wage base, Vietnamese workers are developing a reputation for high productivity. When an asset or currency is practically worthless, it represents the kind of investment that can return a massive profit. This was necessary, as a growing population also means a growing need for jobs. Bond prices have been falling steadily in response to rising interest rates. 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. Long-Term Investment Copyright ©2005 - 2010 Rolclub.com, All Rights Reserved. Cash and cash equivalents enable you to protect principal value in volatile markets. We’re ready to help you get started. All started out as low-wage countries, which was gradually recognized and exploited by large multinational companies. And that’s exactly what seems to be on the rise in recent months. The Vietnamese dong represents less of the speculation, and more of a calculated risk – almost like a growth stock. View the currency market news and exchange rates to see currency strength. They can create their own supply chains in order to seize new opportunities from the domestic and global market. For example, the average monthly wage in the US is $4,893. 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. Hanoi is the capital city of Vietnam and has a population of 7.8 million people. 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As economic fortunes decline in places like the United States, Europe and Japan, businesses will look to move to areas where they can take advantage of lower prices. So my foolish question is, is there any truth to the matter of a revalue on the VND? 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. #10 Competitive labor costs. First of all, in my opinion, I don't think so. ... Vietnam Dong Vietnamese đồng Vietnamese Dong Exchange Rate Vietnamese Dong Revaluation Vietnamese Onga6c3bf66d5 Vietnam’s Central Bank That’s not nearly as negative a situation as it seems at first glance. High-Frequency Trading vs. The reasons are very different from those that affect the Iraqi Dinar, but they’re well worth paying attention to nonetheless. Against that backdrop, it only makes sense to spread your investment wings, and move into alternative investments. The currency has no tradable value outside of Vietnam, at least right now. 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. Historically, the Vietnamese Dong … Vietnam is heading on the same course. Much like the Iraqi Dinar, the Vietnamese Dong is an exotic currency, and one that fully qualifies as a viable alternative investment. 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. Track Rates . What’s more, wages in Vietnam are even lower than they are in neighboring countries, like Thailand, Malaysia and the Philippines. Vietnamese currency is call the “Vietnamese Dong” and is represented by VND in any of the Currency Exchange calculators. 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. But it has a major advantage of its own – low wages. Now is the time to take a position in the Vietnamese dong. A financial meltdown in the US or Europe may leave countries like Iraq and Vietnam relatively unaffected. 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. Much like the Iraqi Dinar, the Vietnamese Dong is an exotic currency, and one that fully qualifies as a viable alternative investment. ... Vietnam received US$38 billion in total registered investment capital last year, up 7 per cent from $35.5 billion in 2018. Practically speaking, the Dong is virtually worthless. The Vietnamese dong is closely connected to the US dollar through a crawling peg, which provides exchange rate stability between trading partners. We’re not talking about the kinds of double-digit returns – 10% to 15% – that stock market investors have come to expect. Do you think the Dong is really a good investment? Despite yearly increases to minimum wage rates, Vietnam still has one of the lowest labor costs in Southeast Asia’s top emerging markets. But it’s also important to diversify beyond traditional investments. 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. Many Vietnamese companies also pay attention to corporate responsibility. 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. All it needs to do is to remain stable, while currencies in rich countries, like the US, weaken. 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. Higher Levels of Foreign Direct Investment Will Lift Exports. We do not endorse or vouch for any advertisers. And by at least one estimate, Vietnam’s economy is expected to be the 17th largest in the world by 2025. 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! As such, Vietnam has a young and highly educated workforce. E-Currency Info - Perfect Money, Solidtrustpay, AlertPay, Hd-Money, Payza , WMZ etc. The State Bank of Vietnam issues and guarantees the currency of … 4/24/2012 10:50:28 am. One of the major reasons for this is that global recessions and contagions don’t affect all countries equally. Currencies represent the countries that issue them, much the way stocks represent the companies that issue those. 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 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. So, investment up to a sum of Rs 1.5 lakhs is completely exempted from tax. In a follow-up article, we focused on the Iraqi Dinar as one of those currencies. Within those three asset classes, you also diversify. "United States Dollar / Vietnamese Dong" exchange rate predictions are updated every 5 minutes with latest Forex (Foreign Exchange) rates by smart technical market analysis. It’s also due to the country’s recent history as a communist dictatorship. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. Just as you would diversify between stocks, or industry sectors, it also makes sense to diversify between countries. No one knows for sure where the financial markets are going. 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. That situation continues today, but much like China, Vietnam has liberalized its economy, and is experiencing rapid economic growth. Those are the types of assets that tend to do well when conventional investments are struggling. The exchange rate currently hovers around 20-21 000 Vietnamese dong for $1 USD and everything else fluctuates relative to that. 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. A lower valued currency also helps in attracting foreign investment, especially from a manufacturing perspective. On Wednesday evening, the State Bank of Vietnam (SBV) announced a decision to devalue the dong by one percent starting Thursday . The people that talked me into this think that any day now it will be revauled at over 1.00. 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. One way investors can gain exposure to the Vietnamese economy is by investing in a Vietnam-focused exchange-traded fund (ETF), which can … 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. Secondly, we forget that Vietnam is a communist country. For example, in 2017, Vietnam’s economy was estimated at $215 billion. The time to get into the Vietnamese dong is now. And Treasury Vault is where you can do it. You may also invest in a bond portfolio, that not only holds different bond issues, but also various maturities to lower risk. Its economic growth could take a serious leap forward, as the rest of the world struggles. That’s more than 70% higher than the $138 billion it produced in 2012. One way gives you the currency in your possession, the other holds it as a long-term investment. Two examples of weak currencies are the Iraqi dinar and the Vietnamese dong. In many respects, it could be a better long-term play than the Iraqi Dinar, or virtually any other exotic currency. 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. In the meantime, unusually low wages are providing a catalyst for the country’s exceptional growth rate. First ... betting on Vietnam's currency is not a good choice since you … Vietnam Dong & Iraq Dinar SCAM exposed - … Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. This is true in part because those countries aren’t as dependent on the activity in the financial markets that the wealthier countries are. This is true largely because of the association of Vietnam with decades of war, including the Vietnam War that finally ended in 1975. Vietnamese Dong . The Vietnamese government also allocates about 20% of its annual budget towards education. In January 2015 the State Bank of Vietnam devalued the dong to help Vietnamese exporters who rely on a competitive currency, reports Bloomberg. Exotic currencies, represent political diversification. 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. 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. . . But the Vietnamese dong is also fully qualified as an alternative investment. 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. This should be mostly precious metals, like gold and silver, and a small position in exotic currencies, like the Vietnamese Dong. Finally, Viet Nam invested a lot in its human capital and infrastructure. 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. That process may be accelerated in a global financial meltdown. Most experienced investors understand the necessity of diversification. Current trends support that projection. As the saying goes, never keep all your eggs in one basket – that includes traditional investments like stocks and bonds. Above banners and links are advertisements only. Everything Related/ Unrelated To This Forum, Place Your Ad Here for 140$/Month and suggest lower. salaried, self-employed, student, retired person and so on. The currency of the issuing countries doesn’t have to take off for this play out either. 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