Lets Hope so, and again not. :ro_emote:
I understand where your coming from but Viet Nam has companies tripping all over themselves trying to get into the country to take advantage of cheap labor and Viet Nam's government new attitude toward western companies. Granted it does not have the natural resources Iraq has but they have what a lot of companies want. They saw what is happening in China and they want it too. When I was there they were trying to kill me, but then again I was trying to do unto them as well.
cheap labor is always a draw...this might help the currency adjust a little bit but I am not too sure about it's full potential.
The dinar on the other hand...I am very sure of its potential.
Yes S.E. Asia has some oil. BUT it is very deep, and very expensive to bring to market.
Iraq will be the cheapest place in the world to bring oil to market.
That could bode very well....regional growth will most def. give a much needed boost.
I am still skeptical about the dong....but hell, I might get a little bit just for the who knows aspect....as long as there are no trade restrictions or embargos or sanctions that are in place or the possibility of them being there then I see no reason why there shouldn't be some movement towards the positive, I would just be too concerned with a lop on the Dong....too many zero's for my taste.
What would the effects be....
You know I've never expected much from the dong. But after watching all the interest of so many nations, I picked up some.
The world is dumping so much cash in that nation soon they might have to name a new mountain for the region. :smile: Although it is/was vital to keep the Dong weak to encourage economic growth, it was reported the State bank is finding it hard pressed to keep a lid on the Dong.
As far as lop is concerned, I don't believe that will be the course of action. From what I can find out with the acceptance of art.VIII and WTO, at this point stability in the worlds eye is key. As the dynamics of the economy require and as the strength of the Dong increases I believe they will merely remove larger notes and add smaller notes.
With all that cash, appreciation should be on the horizon. I'm hoping for a double-dipping sensation. So I hope she delays her move until I can stake a better position after the dinar RV's. At that point a little appreciation becomes a lot.