Vietnam the Second Thailand...
This article is a couple of weeks old, but I believe it adds emphasis to what we've already seen.
Vietnam the Second Thailand
Thursday, April 26 2007 @ 02:19 AM EDT
Contributed by: news
http://farang.pai-nai.com/images/topics/topic_news.gifThe VND, the currency of Vietnam, the fastest growing economy in Southeast Asia, has been drawing the special attention of derivatives traders....
...DBS group and ANZ bank have begun making transactions abroad with the contracts linked to the future value of the VND. The contracts worth $50mil that trade monthly may be double in a year, according to an estimate by Standard Chartered Bank.
Vietnam has lessened monetary controls this year and has announced its plan to push up the selling of state owned assets. The new currency market will give investors more opportunities to gain profit in the economy, which saw the growth rate of 7.7% in the first quarter, and the figure may reach 8.3% this year as forecast by the Asia Development Bank.
According to Peter Soh, Foreign Exchange Director in Singapore under DBS group, the biggest bank in Southeast Asia, all believe that Vietnam will follow the path China has gone, and that the VND will increase in value.
http://farang.pai-nai.com/article.ph...econd-Thailand
:cheers: