The following screenshot was sent to Dinar Recaps of MSN's Currency Converter.

1 US Dollar = 2.08699 Vietnamese Dong (that is about 48 cents  per VND).

Vietnam -Dong/dollar exchange rate not to be compressed in 2013        12/01/2013

VietNamNet Bridge – It is highly possible that the State Bank of Vietnam would not make commitments on a fixed maximum depreciation of the local currency in 2013, but a flexible exchange rate policy would be pursued.

The interbank exchange rate announced by the State Bank of Vietnam on January 7, 2013, stayed at VND20,828 for one dollar, the exchange rate which has been kept unchanged since December 24, 2011.

The dong/dollar exchange rate stabilization has been praised as the success of the central bank in 2012. This has helped ease the dollarization, giving the opportunity to the State Bank to buy more foreign currencies to increase the foreign currency reserves.
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A Case for the Vietnamese Dong... Could It Outperform the Iraqi Dinar?

All,
There's been considerable and growing interest lately in the Vietnamese Dong (VND).  Supplies are low, and there very may be a good reason for this renewed interest in the official currency of Vietnam.

Could it be that one day the VND actually outperforms and brings a greater return to holders of that currency than those who hold the Iraqi Dinar (IQD)?  Though such a statement at one time would be considered almost blasphemy, especially coming from Dinar Daddy, it's important we take a real look at what this "other" speculative currency is all about.

So, in the spirit of keeping an open mind and sharing potential scenarios, I'm laying out my thoughts on the subject.  Take them for what they're worth, if for nothing more than food for thought...

    REASON #1 (LEVERAGE):  You can purchase far more VND for a dollar than you can IQD.  Currently, you can purchase 1163 IQD for every $1.  For the same $1, you can purchase 20,838 VND.
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3 Scenarios For Vietnam’s 2012 Economic Growth

Three possible scenarios for the country's economic growth this year were unveiled yesterday by the National Committee for Financial Supervision.

In the first scenario, which is considered "a good one," Vietnam's gross domestic product (GDP) growth will reach 6 to 6.3 percent, while inflation is restricted to 8 to 10 percent. The state budget's overspending in 2012 is around 4.8 percent of GDP.

With a bright outlook on the global economy, and the stable economic development of the country's major exporting markets such as the US and Japan, Vietnam's export turnovers are expected to rise by 12 - 13 percent, while imports post a 13-14 percent increase this year.

The trade deficit would be equal to 11-12 percent of total export revenues. The rate recorded last year was 9.9 percent.
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What is fueling the Vietnamese economic boom.

(DONG CURRENCY SECURITY FEATURES BELOW)

A shift from agriculture to manufacturing. 

[So many companies like Intel and Canon are investing in the Vietnamese manufacturing industry and this is making the industry to grow on a large scale. The world’s largest laser printer factory had been built by Canon in northern Vietnam.]

Between the years 2001 and 2005, the economic contribution through agriculture decreased by 25 percent. In contrast, products such as pepper, coffee and tea have seen higher export during the same time. Export of fish products have increased too.

And while Vietnam produces and exports clothes and footwear, it is increasingly moving towards higher industrialization. Indeed, large electronic companies have made big investment in the Asian country. This has increased the production of high end goods in Vietnam.
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Vietnam Takes Lead In Hotel Growth In Asia

VietNamNet Bridge – The hotel sector in Asia is expected to grow strongly with a compound annual growth rate (CAGR) of 7% in the 2012-2016 period, with Vietnam obtaining the highest growth of up to 15%, said an international researcher. [Scroll down for separate article] 

Vietnam GDP Growth Rate

The Gross Domestic Product (GDP) in Vietnam expanded 4.66 percent in the second quarter of 2012 over the same quarter, previous year. Historically, from 2000 until 2012, Vietnam GDP Growth Rate averaged 6.37 Percent reaching an all time high of 8.46 Percent in December of 2007 and a record low of 3.14 Percent in March of 2009.

The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy.

Vietnam is a developing economy in the Southeast Asia. In recent years, the nation has been rising as a leading agricultural exporter and an attractive foreign investment destination. Vietnam's key products are: rice, cashew nuts, black pepper, coffee, tea, fishery products and rubber.
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Vietnam needs to make sacrifice for exchange rate stabilization

VietNamNet Bridge – The heavy fluctuations of the exchange rate would badly affect the national payment balance. Experts say if Vietnam has to choose one of the two – the gold price stabilization and exchange rate stabilization – it would have to sacrifice the gold price in exchange for the stabilized dong.

At 3 pm of November 7, the world gold price reportedly stood at 1,725 dollars per ounce, or 43.40 million dong per tael. Meanwhile, Vietnamese SJC brand gold reportedly climbed to 47.06 million dong per tael. The big gap of 3.7 million dong per tael between the domestic and the world gold prices has been existing for a long time.

However, the State Bank of Vietnam has affirmed that despite the big price gap, this has not had big impacts on the dong/dollar exchange rate with the dollar price stabilized at 20,880 dong per dollar over the last few months.

According to Truong Van Phuoc, General Director of Eximbank Vietnam, policy makers have to choose either the gold price or the exchange rate stabilization, and one of the two needs to be sacrificed for the other.
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Traders make a killing on banknotes before withdrawal   TUOITRENEWS A+ A-

Updated : Tue, October 9, 2012,5:08 PM (GMT+0700)

The bills will be withdrawn from circulation as of January 1, 2013, the State Bank of Vietnam said late last month.

VND10,000 and VND20,000 paper banknotes are now offered for sale at prices up to four times higher than their face value following a recent announcement from the State Bank of Vietnam that the bills will be withdrawn from circulation from next year.

The paper notes will cease to be legal tender from January 1, 2013, the central bank said late last month.

They can be exchanged for the currently circulated polymer versions after this milestone, the bank added.
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7-8-2012 moneydr & gunny: A doctor acquaintance of mine has a Chinese businessman that he sees. He was saying that China owns a ton of the Dong and is very interested in seeing it RV high. I believe the Dong will go before the Dinar. Why are some of the people on here talking about turning in their Dong?

Don't understand that. The Vietnam Dong hasn't RV'd since 1979. Vietnam also has a huge oil reserve off their China coast which they have just begun to work with this oil reserve rivals Saudi Arabia.

Of course their currency has to go up. And China is a huge supporter of Vietnam. Vietnam does have vast offshore oil deposits that they are just now tapping into. They call it White Tiger crude. Very sweet crude oil worth a lot of money.
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(*) terryk 11:31 pm cdt 6/22/ 2012

[6/22/2012 11:32:21 PM] toni  (TONI1960): [TERRYK] ITS FRIDAY NIGHT AND I AINT GOT NO MONEY, I GOT SOMETHING BETTER ITS CALLED DINAR

[TERRYK] WHOO HOO

[westf] pretty please bring us rv rv rv rv

[TERRYK] Vietnam is amongst 29 nations that are expected to be the world’s fastest growing countries in the next two years, according to Business Insider, the economic magazine said in a report released Wednesday.
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