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The Vietnamese Dong Exchange Rate vs the Australian Dollar - Vietnam Revalue - Revaluation
100000 VND Vietnamese Dong
5 Year Vietnamese Dong Value Chart vs 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
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 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
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.