Vietnam exchange rate changes likely as dong

05/16/2012

9 Comments

 
Vietnam exchange rate changes likely as dong May 16, 2012 in VietFinanceNews.com – The Vietnamese dong currency is rising, so exchange rate adjustments may be in store, said economic experts of the National Institute for Finance at a conference in Hanoi last week.
According to analyses by experts, the dong has strengthened by 23.8% against the U.S. dollar and by 5.7% against the basket of currencies of the country’s major trading partners.

The exchange rate has stayed quite stable on the market as exporters have steadily sold the U.S. dollar to banks. The dong and dollar selling prices at times are on a par with or even lower than those set by the State Bank of Vietnam.

The greenback has been in decline against other currencies in recent years, leading to the lower rise of the dong against the basket of hard currencies.

However, according to experts, the pressure of stabilizing the exchange rate still remains a challenge for policymakers.

Inflation is seen falling towards the year-end given tight monetary and fiscal policies. The State Bank of Vietnam may be forced to adjust the exchange rate slightly to support export, reduce trade deficit and improve the balance of payments and foreign reserves.

After the exchange rate was adjusted last February to make the dong drop by 8.5% against the U.S. dollar, the rate has been kept unchanged since then.

 


Comments

rick
05/16/2012 7:07pm

i left comments before,, the grur site , is a cash cow to the grurs

that own the site they rv every month when all of advertisers pay them,

for all the adds on that site that we as lookers may click on to

if any of this rv or not they will have already been paid,,

noniree link
05/17/2012 9:22am

noniree link
05/17/2012 9:31am

okay by a show of hands... Who thanks this rv mess they have been spoon feeding us is really going to happen?..... In our lifetme!

Tracy Gill
05/23/2012 10:06am

Guru Spunky-T :) Consider my hand raised! I do! Ohhh Ohhh! I do!
(Spoken like a true teacher who just started her summer vacation! Breaking out the margaritas later! I love those kids, but it really would be soooo nice to be able to take an early retirement before this summer is over!) Goooo RV! I'll take either the VND or the IQD, just would someone please RV!

Big Dong Guru
05/17/2012 2:54pm

Speaking strictly from a viewpoint on the quantum level of thought, I ask that everyone post positive and encouraging comments on this forum about the RV. Even if you disagree with many of the gurus, find the gold and have this experience bring something positive into your life.

Thinking negatively toward the RV and/or thinking about your own lack of wealth only brings more of the lack and negativity into your own life. You can find this described in depth in books like Ask and it is Given by Esther and Jerry Hicks. Also, Think and Grow Rich by Napoleon Hill is a great resource.

Strive to be thankful and grateful for everything in your life and you will bring abundance toward you at light speed. Decide for yourself that everyday is going to be a great day.

The Rabbi
05/19/2012 7:51am

you should speak the truth good or bad. Do not sugar coat it. It is what it is. Not what you what it to be.

noniree link
05/17/2012 6:45pm

Big Dong Guru,

You know, the great thing about living in the USA is our freedom of speech! Don't you just love it! And because we have a freedom of speech, we can use it! You don't know my wealth, or lack of it anymore than I do yours. Neither do you know the depth of my gratitude in life or the books I've read or wrote for that matter...

Thank you for expressing your thoughts, which are no more or less important then anyone else thoughs at this site. But we all are interested in our investment, including you. We're also a little frustrated with these guru's which I see you may be one of them, who keep making predictions.

So in using our freeness of speech, we express those thoughts. Also, all of those books that you mentioned, personally I've read and many many more. Perhaps to add to your own reading list, you should lookup Brian klemmer & John C Maxwell, awesome works!

In the meantime don't assume that when we make a post at this site we're negative, or concerned just about our lack of wealth, or ungrateful or don't know how to read a good book. Realize that we're investors just like you, (some of us maybe even more invested than you), and we enjoy our freedom of speech. And just like the rest of us, you decide that every day is going to be a great day for yourself.

guru daddy
05/18/2012 6:07am

News just in...things are happening at the bank level. screens are buzzing with trial codes and test screens. we should see this bullshit come to light in the morning when the market opens.
very exciting news. we report crapo you decide .

Queen
05/27/2012 5:57pm

Hello, all I need to know is did the VND RV????


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