Thread: Go crazy with the DDGs ( the Ding Dong Gang)

Hi guys im just starting to look into this so if the answer to my questions are posted somewhere I apologize. What are the chances of a lop with this currency? Is it convertable? Where are they in the WTO Process? I have seen several articles about how their economy is doing fantastic and expected to just get stronger and stronger. Anyone have a bank account over there? Can we have bank accounts? Do they allow foreign investment (ie holding shares) Thanks for the info

Originally Posted by Onenomad

Hi guys im just starting to look into this so if the answer to my questions are posted somewhere I apologize. What are the chances of a lop with this currency? Is it convertable? Where are they in the WTO Process? I have seen several articles about how their economy is doing fantastic and expected to just get stronger and stronger. Anyone have a bank account over there? Can we have bank accounts? Do they allow foreign investment (ie holding shares) Thanks for the info

Could someone please help us out, if you know!

Otherwise, Onenomad and Moto have to start hunting!

Thank you for your help!

Thanks you Rad for what you had posted!

Originally Posted by antjesz2

Yes, they are watermarked and there also are specially formed clearances on the left and the right of the note. It's a bit hard for me to describe in English language - I will see if I get an official description somewhere... brb!

Antje

Thanks Antjesz.

Interesting I will have to check this out. I may be getting a divorce if i spend any more money on foriegn monies LOL I don't want to lose any Dong though. will look it over well.

Originally Posted by Onenomad

Hi guys im just starting to look into this so if the answer to my questions are posted somewhere I apologize. What are the chances of a lop with this currency? Is it convertable? Where are they in the WTO Process? I have seen several articles about how their economy is doing fantastic and expected to just get stronger and stronger. Anyone have a bank account over there? Can we have bank accounts? Do they allow foreign investment (ie holding shares) Thanks for the info

Hello Onenomad!

Sorry for the late answer, but didnt see your post!

Anyway, the viatnemese dong is probably the currency behind Iraq that is extremly devalued and needs a boost. Even though Vietnam havent got the same amount of oil, they have so much other things that Iraq doesnt have.

Some of the things Vietnam exports:

Oil
Agriculture (wich includes rice, coffee, rubber, cashewnuts, tea.)
Seafood
Garments and textiles
Footwear
Electronic and computer goods etc.

And the tourism is better than ever.

So a lop will not happen if you ask me!
It is not convertable at this point but will be soon.

Regarding joining WTO. This is what Deputy Trade Minister Le Danh Vinh said.

"Following Viet Nam's important progress over the past six months, the goal of joining the WTO should be realised in the very near future.
With respect to subsidies that are prohibited under the SCM Agreement, Viet Nam commits to eliminate subsidies contingent upon localisation ratios or the use of domestic over imported goods and subsidies in the form of direct payment from the State budget contingent upon export performance upon of accession to the WTO," Vinh added.

And here is some more info and questions!!

Could you brief on FDI in Vietnam in general and FDI by US businesses in Vietnam in particular after Prime Minister Phan Van Khai’s visit to the US in July 2005?

MoPI statistics show that Vietnam lured $6.8 billion last year, up 49.7% over the previous year. In the last 5 months of 2005 only, $3.6 billion of FDI was attracted.

In the January – July period this year, foreign investors put $3.7 billion in Vietnam, up 17.3% over a year ago. On the other hand, since the Prime Minister’s US visit, Vietnam has attracted around $7.3 billion of FDI capital.

Currently, US companies have 289 valid FDI projects in Vietnam with a total registered capital of over $2 billion. With a total realized capital of around $777 million, the US ranks 9th among 74 countries and territories with FDI in Vietnam.

In the first 8 months of this year, 25 US projects worth $444.2 million were licenced and in this period, the US ranked 3rd among 33 countries and territories investing in Vietnam.

In particular, since Intel injected $605 million in Vietnam early this year, US investors have shown special interest for the Vietnamese market. Microsoft Chairman Bill Gates paid visit to Vietnam, also.

Asian investors present over 70% of number of projects and registered capital while US firms make up only less than 5%. Could you explain this?

US investment in Vietnam has not matched potential. Despite the BTA playing an important role in promoting trade relations between the two countries, enhancing the business environment in Vietnam and improving investors’ confidence, FDI by US investors in Vietnam remains at a modest level.

However, if investment through a third country is included, FDI by US companies in Vietnam amounts around $3 billion and the US ranks 7th among 74 countries and territories with investment in Vietnam.

Vietnam is going to become a WTO member and the US will possibly grant PNTR to Vietnam this year. How will this impact FDI flow from the US into Vietnam in the future?

The US is big investor in the world. What concern US companies are tax preferences, market, business costs, labour skills, infrastructures, legal transparency and stability and administrative procedures.

With advantages in terms of capital and technology, US investors can operate in almost every field of the Vietnamese economy.

FDI from the US will likely to increase quickly after Vietnam becomes an official member of the WTO, opening up the service sector in accordance with the BTA and other WTO commitments.

Many believe that there will be a big flow of FDI into Vietnam in the coming time. How do you comment?

By implementing the Investment and Corporate Laws, Vietnam shows equal treatment for businesses of all sectors.

In addition, the Government’s efforts in improving infrastructures as well as advantages in terms of geographical location, human resources and natural resources will help Vietnam increase competitiveness to lure a new wave of FDI.

Moreover, WTO membership, socio-political stability and high economic growth rate also make Vietnam an attractive place for investors.

Can Vietnamese businesses invest in the US market and in which fields do you think?

So far, Vietnamese companies have had 16 projects worth a total of $7.4 billion in the US.

The numbers remain small; they indicate new developments in economic relations between Vietnam and the US.

The Vietnamese Government encourages companies in Vietnam, both local and foreign, to invest overseas. The encouraged fields are those requiring much labour exports, promoting traditional products of Vietnam; expanding markets in invested countries; and boosting exports.

Thanks for the information. I just ordered mine from the same company on e-bay.
Now we need to join forces in the dingdong club. Many thans
teshema

Originally Posted by Raditz

I dont know if anyone has a site for selling dongs. But i bought mine from a guy on ebay. Have a look
eBay Store - gift-dot-com store: Iraqi Dinars, 24k Gold bars, Vietnam Currency

I ordered a few notes.

Hi

How long does it take to have the Dong delivered?

I have ordered 1,000,000 on the 23 September from the company on ebay and todat 30th September still waiting.

I have email them on the 26th September and no answer from them.....

Thanks

I just found Rolclub; what a delightful blog !
My question concerning the Dong, (I already bought from a Minnesota bank) is, anybody have new data that points to acceptance into the World Trade Organization for Viet Nam? Last I heard was consideration and discussion about Viet Nam will commence at the upcoming WTO November 6, 2006.
Thank you

Has anyone found a less expensive source for the Dong?? The Yahoo Currency Converter, today had the Dong at 16045 to 1 US Dollor. If we buy it at the price on E-Bay, the Dong will have to revalue to about a third of It's current value just to break even. Someone here said that thy had bought it from a bank. The Banks in my area (New Mexico,USA) are not selling it. If I find any that are I'll post them for all to see.