The Vietnamese Dong Exchange Rate vs the Australian Dollar - Vietnam Revalue - Revaluation

100000 VND Vietnamese Dong

Vietnamese Dong Exchange Rate Australian Dollar 2011
Vietnamese Dong Exchange Rate Australian Dollar 2011

5 Year Vietnamese Dong Value Chart vs Dollar

The Vietnamese Dong Exchange Rate vs the Australian Dollar
The Vietnamese Dong Exchange Rate vs the Australian Dollar

Why Invest in Vietnamese Dong?

The Vietnamese Dong Exchange Rate vs the Australian Dollar is currently 19400 VND to 1 AUD. Stated another way, 1 Australian dollar can buy 19,400 Vietnamese Dong.

That being said, it has never been a better time to Invest in the Vietnamese Dong. Although the Dong has been under pressure for sometime, as the Vietnamese Dong value chart to the bottom of this text shows, it has always been a compelling investment, and especially now that China is emerging to become a world power (some say it already has, especially with the new fifth generation stealth fighter it unveiled recently, its recent propulsion to the second largest economy, surpassing Japan, as well as its formidable population), it needs to feed and supply the ravenous North. Vietnam has a young, 90% literate population, and their labor is typically cheaper than China's. Its exports include the raw materials and agricultural products that China's sizable new middle class craves. Its oil reserves are also respectable, and oil production and exportation has fueled its recent economic expansion.

Vietnam was recently inducted into the World Trade Organization, which means it can now compete with other export-oriented countries.

It was not an easy path; Vietnam has recently endured high levels of inflation and tremendous uncertainty. With the recent weather extremes, Vietnam has faced power outages across the country, but especially during the hot summer months, where the populace sought relief from the heat in shopping malls and retail shops. This affects industrial output, as the factories could not fill orders. This also had an effect on agriculture, because the severe weather can produce droughts. The Vietnamese Dong exchange rate history shows how difficult it has been for the Vietnam Dong to gain against the Australian dollar.

However, "Vietnam has made a shift from a highly-centralised planned economy to a socialist-oriented market economy which use both directive and indicative planning (see Five-Year Plans of Vietnam). Over that period, the economy has experienced rapid growth." (Source: en.wikipedia.org/wiki/Economy_of_Vietnam).

The country has also embraced solar energy, since the country is well suited for high levels of direct sunlight. This will ensure consistent energy production to satiate the emerging demand.

50000 VND Vietnamese Dong

Vietnamese Exchange Rate Calculator 2011
Vietnamese Exchange Rate Calculator 2011

When Will The Vietnamese Dong Revalue?

Like the New Iraqi Dinar, the Vietnamese currency is bound to increase in value, since the currency has been distressed for so long. However, this will probably be a long process, and will probably not happen overnight. When the currency rebounds significantly enough, and the country becomes more prominent on the world stage, it will want to revalue its currency so that one or two Dong match one to two Australian Dollars, European Euro, or American Dollars. When that happens, the currency will be a magnet to foreign investors, and the Dong will naturally increase in value on an excellerated scale.

20000 VND Vietnames Dong

How Do I Buy Veitnames Dong?
How Do I Buy Veitnames Dong?

How Do I Buy Veitnamese Dong?

Buying Vietnamese Dong is relatively easy; you can even use a credit card in some cases. However, selling it might be a little more challenging. The dealers that sell Vietnamese Dong, at a high margin, do not necessarily want them back. Some will accept the currency back, but most likely at a discount to what you purchased it for. There is usually someone selling some on eBay, but, word to the wise, you may need to be registered as a currency dealer to sell currency. Check your country's laws and ordinances.

If you know of a bank in your area that exchanges and sells Vietnamese Dong, please leave a comment below for other readers to see. Buying foreign currency from a bank typically saves you the 30% markup that dealers charge, and is much safer.

10000 VND Vietnamese Dong

Vietnamese Dong Exchange Rate History
Vietnamese Dong Exchange Rate History

Buying Foreign Currency To Protect Against Inflation

The United States is pushing itself towards a scenario that may increase inflation to an astounding level. Buying foreign currency, gold coins, silver ingots, and other commodities is a way to protect your capital. However, be wary where you store such valuables, as, during times of crises, the United States Government can seize your American banks' stores of safety deposit boxes, and take the contents to suit its own purposes. It may never come to that, but, besides the Great Depression, these are some of the toughest economic times Americans have endured.

More by this Author


52 comments

Austin 5 years ago

i have that same money how much if i sell it in utah


r.bell 5 years ago

I just finished reading this piece of carp/crap and cannot find words to describe the sheer magnitude of the stupidity stated here as fact. The writer is an idiot with zero understanding of finance, investment and politics. The dong is a dog, always has been , always will be. Buying or storing it for appreciation is a cruel joke.


jimcrowthers profile image

jimcrowthers 5 years ago from Port Charlotte Author

Thank you for your comment, r.bell! If you can find the time, would you please point out which statement or statements are innaccurate, misinformed, or otherwise untrue, and clarify the current situation in Vietnam?

I missed your comment, Austin. My apologies! The current exchange rate is 19,400 Dong to 1 USD. You may have to pay fees to get it converted, however.

Thanks!


JOE 5 years ago

well fargo bank, you need to set up an account first than you buy and it is taking out of your account and shipped to the bank for p/u.


jimcrowthers profile image

jimcrowthers 5 years ago from Port Charlotte Author

That's awesome, Joe! Now that Wells Fargo has taken over Wachovia, there's probably a Wells Fargo near you!


DobieD 5 years ago

First National Bank Texas and also First Convenience Bank in participating Walmart locations. Not all Walmart locations have the bank listed above.


jimcrowthers profile image

jimcrowthers 5 years ago from Port Charlotte Author

Thank you for that info, DobieD!


Powerpoe1 profile image

Powerpoe1 5 years ago

I have purchased the Vietnam Dong from Capital One Bank about 4 months ago. I'm not sure if they're still selling the currency.


southerngirl 5 years ago

Has anyone heard the rate....? or rumors of a rate. Please not the .02 or .03 cents crap. who knows maybe that's what it will be.


jdudley 5 years ago

there is so much bad info on both dong and dinar. I happen to think the whole RV talk is a huge fraud. People are hurting all over the world and a small greedy group of capitalists are getting rich.


jimcrowthers profile image

jimcrowthers 5 years ago from Port Charlotte Author

I have no knowledge of a rate, southerngirl. I personally believe that their currency will appreciate, but have absolutely no forecast of what it might do in the next year or two.

Thank you for your comments, jdudley, southerngirl!


Capt. 4 years ago

Frost Bank Arlington TX. handles the Dong.

I had No problem getting my 35Mil.

Took about 5 business days.

Capt.


jimcrowthers profile image

jimcrowthers 4 years ago from Port Charlotte Author

Thanks for your advice, Capt.!


Dave 4 years ago

I have bought 6 million or so in Thailand at a currency exchange and it was around 100 us for a bit over 2 million each time I bought. They hand it to you across the counter while you wait 5 min.


jimcrowthers profile image

jimcrowthers 4 years ago from Port Charlotte Author

Thank you, Dave.

I was really hoping for an increase in the value of the Dong, but it seems they're going in the opposite direction! I still have hope that they'll improve, but they're running out of time. China can't keep growing at these rates forever (which increases demand for Vietnamese goods and services).


denise treuter 4 years ago

Another get rich scheme right? I unfortunately bought into it. The Guru was wrong about this just like gold was supposed to go up to 2,000.00 an ounce by the end of 2011. As the old saying goes "If it sounds too good to be true, it probably is." What they are doing is taking our money and using it. What fools we are indeed.


Marc Gabriel 4 years ago

Lastest intel saying that China is involved so this might help. last amount I heard was anywhere from..15 to .25 ......we'll see. Rememeber they just found natural gas.....


Sharon 4 years ago

Hello Jim

You did a wonderful job on your hub! Very useful info.

Yes I believe the Dong will RV, one need to have faith, patience and keep a positive attitude. Everything takes time.

Again a well done hub indeed.

Voted up, awesome, useful and interesting ;)

God's riches blessings.


jimcrowthers profile image

jimcrowthers 4 years ago from Port Charlotte Author

Thank you very much, Sharon!

Yes, I'm not selling my VND (Dong) back to the dealers or on eBay, as I'm holding out hope. Their continued devaluation is a bit disconcerting, however, but this is a long-term "investment" for me.

Thank you for your comments also, denise treuter and Marc Gabriel!


Sch1279 4 years ago

A positive site. Lets be patient and wait fir the RV.


Sch1279 4 years ago

Go watch the movie THRIVE at www.thrivemovement.com. Pass this along to your friends and also your friends' friend. Lets push the world consciousness to embrace the changes and the RV can quickly unfold. Take action now!


david 4 years ago

i have been holding 400m dong for 6 years it is down 30%

i have been losing for years, there are 500 trillion vnd in circulation and vn central bank has lopped three times already in their past history. there is no way it will revalue to .50 or $1,u.s. i was stupid to buy them and now that real estate is so low ,i can buy a home for $20k in las vegas!!! i am cashing in to buy right now u.s. real estate that i own!!!!this guy is just wanting you to buy my dong higher.


Evangwal 4 years ago

Check your local banks. Most of them will sell and buy foreign currency. Mine charges a mere $8 transaction fee each way...


BOB 4 years ago

it appeas that a number of perple are for it and a number against it. I believe that just as greed brought the westernised countries to their economic knees greed will pick it up I believ that the governments of the world know what they are doing and I propose that Greece and the other defaulting countries are going to ride bacl to ecenomic freedom on the back of a currence revaluation it is just going to be a matter of being in the right currence at the righ time and keeping all the money hungry middell men out of my pocket.


rulesforrebels profile image

rulesforrebels 4 years ago

i bought some dong and dinar from fifth third bank before they stopped selling. none of the banks in my area sell dong or dinar anymore. ive since bought some more dinar from dinar corp and some more dong from getdong. i cant help but laugh every time i hear the word dong


rulesforrebels profile image

rulesforrebels 4 years ago

does anyone know the reason the dong was fluctuating up and down like crazy a few months ago, i think it was up 1000 against the dollar one day and then down 1000 against the dollar the next, crazy stuff never seen a currency move like that


Christifer 4 years ago

just thought i'd add something.....someone up there mentioned how another "false" prediction was that gold would hit 2000/oz in 2011......in 2011 it's high was $1889.70........that's close enough for me! lol keep an open mind people it'll allllllll be good


Elizabeth 4 years ago

Hey Jim, it's Elizabeth from the Dinar Hub. Something is wrong I can not post anything! I think it might have something to do with the 3,000 or so comments that it says at the top are loading. Thanks


jimcrowthers profile image

jimcrowthers 4 years ago from Port Charlotte Author

Hi, Elizabeth. It may have been a temporary glitch in HubPages. Try it now? I don't see any of your comments, so they weren't marked as SPAM.

I'm sorry you're having issues!


Elizabeth 4 years ago

Jim, I still can't. Maybe others are also not able to comment. I see not many comments have been made. I keep trying but it just brings me back to the top of the page when I post. Could you ask, and tell people to come to this site to post if they are having problems. I can read & see comments, I just can't post. I'm able to post here and on your other hubs. Thanks!


Joe 4 years ago

So now that Hilliary has been to Laos and shaking hands and making promises to remove the unexploded ordnance does this mean a possible RV of the Dong? We live in world where its not always who you know but who's back you scratch and maybe the white collars in DC see something in that economy that we had not heard about .... yet.


jimcrowthers profile image

jimcrowthers 4 years ago from Port Charlotte Author

I'm sorry Elizabeth!! Don't know what it could be. The comments have definitely been light lately, so it may not just be you. I'm very sorry!

Joe, yes, the Vietnamese Dong seems like it's been getting stronger lately, and we all suspected this would be the case. However, before we start getting our party hats on, the term "stronger" is very loosley defined. How about a weak upward trend? As soon as China ramps up its GNP again, Vietnam should see its currency climb appreciably.

Thank you for your comments!


Elizabeth 4 years ago

Jim, Why don't you ask? Don't you find it strange that cknugget, bthatgirl, samiam, Julie and other regulars have not commented in a while? Thanks!


jimcrowthers profile image

jimcrowthers 4 years ago from Port Charlotte Author

It means a lot to me, Elizabeth, that you are still trying to post, even with all of your problems posting! I'm very sorry you're experiencing this issue, and I have a question in to see if it can get resolved. Who would have thought there would be a technical glitch on commenting?

Thank you very much for hanging in there!! I hope all is well with you!


rulesforrebels profile image

rulesforrebels 4 years ago

austin, you'll probably be lucky go get 40 or 50 per million for the dong


Elizabeth 4 years ago

Thanks Jim! I miss everyone! I wanted to let you know just in case there was a problem. I didn't want you to think we just left! On my end it keeps telling me it's loading comments, over 3,000 and goes back to the top but it never post. Sometimes it just disappears when I type my name in. I tried to register in case that was the problem but I never could. Be good & tell Sterling I couldn't answer him back.


Elizabeth 4 years ago

Thanks Jim, that's funny but you didn't need to be so graphic! My eyes are just fine thank you, well I think anyway. ha!


Elizabeth 4 years ago

I feel like I'm in some kind of cyber purgatory or that movie frequency. Only you can hear me Jim. Only on this channel.lol On here I'm starting to get a pop up that says something went wrong but it did post so if you don't hear from me, that's why.


Sterling111 profile image

Sterling111 4 years ago

....testing.......testing.........


Sterling111 profile image

Sterling111 4 years ago

Elizabeth.Lol I thought for sure you'd reply to the shower comment. Haha glad to see your still around. Ya it's been quite over at the other hub. I thought it was because of summer but maybe something's up.


Elizabeth 4 years ago

Can you hear me now? Wow! Now I don't remember what I wanted to say weeks ago!


Sterling111 profile image

Sterling111 4 years ago

Lol, you have to figure out how to get back onto the dinar hub Elizabeth!


Elizabeth 4 years ago

I guess I'm the only one stuck on this site. I'm trying Sterling! I just don't know what's wrong. This site tells me something went wrong and report it to the hub forum but it does post my comments.


Elizabeth 4 years ago

This is exactly what the pop up message says when I post here: Something went wrong. Please try again. And when u get a chance, you may want to report this issue in the Hubpages forum. So Jim, I'm reporting it.


Sterling 4 years ago

Hmmm. Have you turned off and on your router?


Elizabeth 4 years ago

Thanks Sterling! Yes I did. I thought others were having problems too but I guess it's just me. Where are all the others? Maybe you're right, the summer has taken them away.


Elizabeth 4 years ago

I'm still here, just lost in Veitnamese Dong world! HELLO up there!


Andrew 4 years ago

dong seem to be kicking up like ding dong,..


andrew 4 years ago

pumpers at work, dont spend money u dont have ok,,,these guys are pros at what they do, trust me


jgetsmoneyy profile image

jgetsmoneyy 4 years ago from Las Vegas, NV

i just bought my first million dong a few days ago


getdong profile image

getdong 4 years ago from Chicago, IL

The picture of the old paper notes shown in this hub is no longer the currency, it's currently being outmoded. The new currency is all polymer which is basically plastic notes. Denoms are 10k, 20k, 50k, 100k, 200k, and 500k. We sell Vietnam Dong at $75 per million and all orders come with a certificate of authenticity. We also sell Iraqi Dinar at $999 per million.


rulesforrebels profile image

rulesforrebels 4 years ago

I recently heard about notes being taken out of circulated too. I was worried for a second thinking the Dong I'm holding was being made worthless but turns out they were talking about the old notes.

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working