Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 6 of 6
  1. #1
    Senior Member
    Join Date
    Jan 2008
    Posts
    299
    Feedback Score
    0
    Thanks
    0
    Thanked 139 Times in 99 Posts

    Default Dong continues to strengthen against dollar

    Vietnamís dong gained for a fourth day. The currency gained 0.03% to 15,940 against the dollar Monday, the highest level since May 3, 2006...
    Full story: Vietnam Business Finance: Dong continues to strengthen against dollar

  2. The Following User Says Thank You to tungsteng For This Useful Post:


  3. Sponsored Links
  4. #2
    Co-Admin YogiBrood's Avatar
    Join Date
    Jun 2005
    Location
    Occasionally somewhere but NOT just anywhere...
    Posts
    5,881
    Feedback Score
    0
    Thanks
    1,658
    Thanked 1,935 Times in 650 Posts

    Default

    A close friend is soon leaving for that country, being an emerging market there and his role is to help as a Marketing & Sales General Manager for the next 5 months.

    He informed me, (he's made several biz trips there in preparation) that the DONG is a controlled currency and pointless to buy for the moment!!! ... after I asked him if he plans to buy lots of DONGs and save it up.

    Reminds me of the time with the rubles too while I was there in Moscow for my stint.

    He said, go there, buy by the ton loads and resell it (within Vietnam) asap to the next CEO moving in that plans to live out for the next 5-10 years there, then there may just be a windfall... but which big captain would do that???

    ... precisely!

    Have U confirmed or R U satisfied with answer to your post? Click the "Thanks" button to show it.


    My new Android experience, the>> Samsung S2 & this special>> APP to go with it.

  5. The Following 2 Users Say Thank You to YogiBrood For This Useful Post:


  6. #3
    Senior Investor
    Join Date
    Oct 2005
    Posts
    976
    Feedback Score
    0
    Thanks
    2,126
    Thanked 398 Times in 184 Posts

    Default

    Quote Originally Posted by YogiBrood View Post
    A close friend is soon leaving for that country, being an emerging market there and his role is to help as a Marketing & Sales General Manager for the next 5 months.

    He informed me, (he's made several biz trips there in preparation) that the DONG is a controlled currency and pointless to buy for the moment!!! ... after I asked him if he plans to buy lots of DONGs and save it up.

    Reminds me of the time with the rubles too while I was there in Moscow for my stint.

    He said, go there, buy by the ton loads and resell it (within Vietnam) asap to the next CEO moving in that plans to live out for the next 5-10 years there, then there may just be a windfall... but which big captain would do that???

    ... precisely!
    Wow! If I am understanding this, the dong may not be such a good investment after all!

  7. The Following 2 Users Say Thank You to livefree For This Useful Post:


  8. #4
    Senior Member
    Join Date
    Dec 2006
    Posts
    215
    Feedback Score
    0
    Thanks
    0
    Thanked 154 Times in 44 Posts

    Default

    Quote Originally Posted by livefree View Post
    Wow! If I am understanding this, the dong may not be such a good investment after all!
    I hope you didnt think it was a good investment simply because it was cheap.

  9. The Following 2 Users Say Thank You to arvie For This Useful Post:


  10. #5
    Senior Member
    Join Date
    Jul 2006
    Posts
    206
    Feedback Score
    0
    Thanks
    285
    Thanked 240 Times in 135 Posts

    Default Cheap not Cheap....

    Quote Originally Posted by arvie View Post
    I hope you didnt think it was a good investment simply because it was cheap.
    It's all relaive ,the dollar is lot cheaper than when it had gold behind it. But it was cumbersome, well it is not combersome now, it's CHEAP..er. It is where there is a marketable product the currency becomes valuable. Why not the Ding,Dang,Dong.

    Even if it were not currency, but something else in use...just how much cheaper can it get..if it moves at all, it has to go up, and if that happens, and it continues to do so, then more investors, more China, more of this and that. $$$$


    Maceman

  11. The Following 3 Users Say Thank You to maceman For This Useful Post:


  12. #6
    Co-Admin YogiBrood's Avatar
    Join Date
    Jun 2005
    Location
    Occasionally somewhere but NOT just anywhere...
    Posts
    5,881
    Feedback Score
    0
    Thanks
    1,658
    Thanked 1,935 Times in 650 Posts

    Default

    Quote Originally Posted by livefree View Post
    Wow! If I am understanding this, the dong may not be such a good investment after all!
    Being relative to evolving markets and the question with "timing" is what makes it all move... uphill or downhill and being cheap has little to do...

    Certainly the opportunity is on the offer however, circumstances warrants an individual's priority and commitment and coming away bountiful making it look cheap is perhaps the enticement going hand in hand with immediate requirement.... tempting!

    In the current case, Vietnam needs YOU and your buck$$$ much more (yr cold cash above all else) than your wishful quick return and plentiful, which is not immediately available... not for a good while to come for sure.... it is still a long way or road, to Piccadilly on the Dong I'm afraid.


    I shall try see how I can copy paste some recent pics (of HCMC) gathered by another Forum member I am signed up at... our other Forum deals with members traveling most of the time and exchanging pics with co ordinates of GPS positions wherever we travel to.

    Cheers!

    Have U confirmed or R U satisfied with answer to your post? Click the "Thanks" button to show it.


    My new Android experience, the>> Samsung S2 & this special>> APP to go with it.

  13. The Following 2 Users Say Thank You to YogiBrood For This Useful Post:


  14. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |