Thread: Latest news on the Dong!

It jsut may be me and my server, but the link didn't come up for me. Thanks for the try and info...

DesertWolf

DesertWolf
Sorry about that. Try this link. Vietnam latest news - Thanh Nien Daily

Sorry if previously posted. It has been said that Vietnam wants to follow in the path of China so to speak.
Vietnam latest news - Thanh Nien Daily

Vietnam could learn a lot from the way China has handled WTO integration to create a favorable investment environment since joining the body in 2001, according to representatives at a conference last month.
The conference was held after a Vietnamese governmental entourage visited China to study the country’s post-WTO economic landscape.

Conference participants echoed themselves, saying that by adopting either flexible or resolute policies in the post-WTO era, China has forged ahead with economic development and set an exemplary model for Vietnam to follow.

Truong Trieu Duong, head of the Multilateral Economic Cooperation Bureau under the Ministry of Foreign Affairs, pointed out the fact that China had handled non-tax barrier policies with great aplomb has played a vital role in attracting a huge influx of foreign direct investment (FDI) for the country.

Aiming to protect the domestic auto industry, the Chinese government has strived to help domestic businesses fend off global competitors by setting up barriers permitted under WTO rules.

The country stipulated that foreign auto firms were bound to joint ventures with domestic peers if they wished to do business in China.

Chinese authorities also laid down a bevy of tough technical standards concerning exhaust, quality, and safety for the auto industry.

As of late 2005, China signed a deal to purchase 100 European Airbus airplanes worth hundred billions of dollars provided that Airbus build an aircraft-manufacturing plant in the country.

Such smart and practical policies have resulted in the mushrooming establishment of foreign manufacturing plants in China that has sent FDI skyrocketing.

Last year, China reportedly licensed around 500,000 foreign businesses as total FDI hit some US$865 billion.

China’s post-WTO FDI surge was also attributed to the government’s determination to create an investment environment most conducive to foreign investors.

The Chinese government amended foreign investment codes, adopted nationwide one-price policies and offered indiscriminate treatment pertaining to capital loans and land funds for investors.

Currently, China is strongly backing investment poured into three major sectors: modern services, hi-tech research, and natural energy resources.

Delegates at the meeting concurred that it was evident that FDI in China was increasingly remarkably.

Vietnam should also pore over China’s experience in making the most of “cautious measures” permitted under WTO rules to develop sensitive services, said Nguyen Van Chi, vice head of the International Cooperation Department under the Ministry of Finance.

For example, China called for foreign banks to contribute capital to domestic counterparts and allow them to hold key managerial posts so that the country could cash in on their know-how and ability to transfer technology.

Any of you care to throw a dong rv number prediction out? I had previously seen someone say they thought perhaps around .01-.03.

ANY one?

Originally Posted by cooldolphins

Any of you care to throw a dong rv number prediction out? I had previously seen someone say they thought perhaps around .01-.03.

ANY one?

I believe that it will be .01 but that is probably wishful thinking and a bit of a stretch.

I think it will be around .06 but I dont think it is going to RV anytime real soon. Maybe Jan. 08 or later. I still think Vietname has a ways to go. However if it is earlier then bring it on!!! I won't turn it down!

anything over .01 with the dong and I'd be tickled pink!!! I only bought a mil, but how cool would that be?!

Spoiled why do you say Jan 08?
Don't you think they are coming right along?
I do like the 06 cents part.

Originally Posted by Spoiledred

I think it will be around .06 but I dont think it is going to RV anytime real soon. Maybe Jan. 08 or later. I still think Vietname has a ways to go. However if it is earlier then bring it on!!! I won't turn it down!

Spoiledred, what are your thoughts about Vietnam possibly waiting on Iraq before they take the plunge? Vietnam are a lot more ahead than Iraq with WTO membership and Article 8, no violence problems and with the hordes of foreign investors wanting in this would place them in a "ready" position?

Originally Posted by cooldolphins

anything over .01 with the dong and I'd be tickled pink!!! I only bought a mil, but how cool would that be?!

Too Cool

Arkie.