Thread: Latest news on the Dong!

EURCHF Crashing After Hours On Italian Bank Run Concerns

http://www.zerohedge.com/news/eurchf-crashing-after-hours-italian-bank-run-concerns
Dow Sinks 500, Worst Day Since Dec. 2008

http://www.cnbc.com/id/44017828

"We're not steering this bus—it's all coming from Europe," Art Cashin, director of floor operations at UBS Financial Services told CNBC. "We’re hearing reports of funds drawing out of European banks and we’re pretty close to something that might turn ugly."

Originally Posted by audrey.olafson

Current world events indicate Euro will go bust first..
UK banks abandon eurozone over Greek default fears
http://www.telegraph.co.uk/finance/f...ult-fears.html

QUICK GREECE UPDATE: There Are Weird Reports About The Bailout Falling Apart
http://www.businessinsider.com/greec...june-19-2011-6

What We Need Is The Geuro And The Euro

http://www.businessinsider.com/what-...he-euro-2011-8

Will Germany Save the Euro From Collapse?

http://www.cnbc.com/id/44016285

The Selloff, Trichet and Monty Python's 'Holy Grail'

http://www.cnbc.com/id/44030204

Debt crisis: live

http://www.telegraph.co.uk/finance/financialcrisis/8680820/Debt-crisis-live.html

Italian, Spanish, Belgian Spreads At Record, Intesa And Dexia Limit Down, Markets Plunge, Cats And Dogs Living Together...

http://www.zerohedge.com/news/italian-spanish-belgian-spreads-record-intesa-and-dexia-limit-down-markets-plunge-cats-and-dogs?utm_source=feedburner&utm_medium=feed&utm_cam paign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29

The ECB throws Italy and Spain to the wolves

http://www.telegraph.co.uk/finance/c...he-wolves.html

Currency Wars Enter 'New Stage' as Chances of Fed Asset Purchases...

http://www.bloomberg.com/news/2011-0...-escalate.html

What does this mean for the Dong which is the topic?

Current financial crisis will give the powers-that-be the excuse to devaluation western currencies vs BRIC countries currencies...I thought all along VND will follow the yuan's footstep once yuan undergoes major revaluation.

now, there are 3 kind of VietNamese dong: Coin, paper and polime. But now, coin hadn't been circulated

Vietnam Stocks Trump Indonesia: Strategist

http://www.cnbc.com/id/44351697

Ho Chi Minh City, Vietnam’s economic hub

Ho Chi Minh City, the second largest city in Vietnam has transformed itself from a low-tech and small-scale town to a vibrant economic hub, as a result of a five year reformation growth plan established in 2006. http://www.saigon-gpdaily.com.vn/Hoc.../2011/9/96303/

Chinese company builds highway in northernVietnam

http://english.peopledaily.com.cn/90778/7589240.html
Getting ready for currency revaluation perhaps ?