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Vietnam should allow the dong to appreciate slightly to combat inflation, Asian Development Bank (ADB) President Haruhiko Kuroda said in Hanoi Thursday.
"Appreciation of the dong may be appropriate, but a rapid appreciation would not be good because that would undermine competitiveness of Vietnamese industry, " said Kuroda at the end of a three-day visit...
Full story: Vietnam Business Finance: ADB: Vietnam Must Allow Dong To Rise To Fight Inflation
:waiting: So much for a Revalue or even a Bold Adjustment! Looks like its going to be a while before the dong is worth much of anything as an investment. :sads: However, thank you for posting news worthy items.
Blessings On YOU!
Hey orrkallen, I was just thinking since when have things been normal? That is why currencies are beginning to be a mystery in smaller countries, because they. the investors etc are not playing by former rules, because they (the former rules and regulations, don't work in todays investing and non-transparancy market.Quote:
Originally Posted by orrkallen
The old ways are gone, it is truly creative in the way that money is made in this up for grabs world wide market. Vietnam and the Dong will have to get on the train like every one else.
30 some yrs of that old thinking just qualified them for the world trade status symbol. question..who has or what country has another 30 yrs to wait or even 10?
In three yrs good money will have been made even in Nam, because there wont't be a war in the country. Comunist or not, while democracy is being force fed, they may not accept the democracy, but they will have to keep up with the world's economy on the move. They will have to keep pace with the world not the world keeping pace with them.[/COLOR]
ditto on the thanx to Tungee
Maceman :banana: