Thread: Resources for The Dong. No sence all your "EGGS" in one Basket....

Originally Posted by JoeDinar

Is he able to give us this discount on all denominations of the dong???Thanks!!!!

I just got it on the 50,000vd's He also said that he has a new shipment coming in tomorrow.

Originally Posted by jsfletcher

Any Idea what kind of discount he is offering?

I gave a example below your post what he gave me. He told me he would post here as soon as possible. Or in that other Thread. But I told who I was. Also I had contacted another site that called him and told him that I had made contact. So they both agreed that just Ali would have RC Members for the discounts. Dont worry about just giving dinartrade a call. I got all the info posted in the other thread, or just get it from the site. Ok.......

Originally Posted by JoeDinar

Is he able to give us this discount on all denominations of the dong???Thanks!!!!

See Post 9 & 10 in this Thread: http://www.rolclub.com/iraqi-dinar-d...inartrade.html I have listed his prices and he has lowered the Dong prices plus Rolclub Members still get an additional $10 off Per Million of Dong or Dinar. I just Got my first STASH Today.

Vietnam Index hits record two days running


Vietnam\'s stock market index rose 2.23 percent to close at a lifetime high on Thursday as the largest listed firm, FPT , climbed its daily limit a day after making its debut.

The index rose to 757.1 points, a record for the second day running for the Ho Chi Minh City Securities Trading Center, which has outperformed even the rampant Chinese market in 2006, taking its rise so far this year to 146.2 percent, market data showed.

Shares in FPT, which became the largest listed firm with its debut on Wednesday, rose its 5-percent daily limit to VND420,000 ($26), lifting the capitalization of the market of 67 stocks to $7.9 billion.

FPT\'s debut quadrupled the investment of private equity group Texas Pacific Group and Intel Capital, a unit of Intel Corp., which bought a combined 10 percent state in October for $36.5 million.

Investor interest is growing in the relatively small but fast-growing Vietnam market despite concerns about lack of transparency and lack of international auditing standards.

FPT, whose full name is the Corporation for Financing and Promoting Technology, expects profit and sales growth of 40 to 50 percent in 2007 and 2008 due to its booming outsourcing unit.

On Thursday, Thu Duc Housing Development Co made its debut and soared more than 220 percent from its pre-debut price of VND93,000 to VND300,000 ($18.6). There is no price movement limit on the first day of trade.

While several listed companies have housing as a side business, Thu Duc Housing is the first firm in the real estate sector to list.

Vietnam has been offering two years of 50 percent corporate income tax relief to companies which make their market debuts by the end of 2006, and a race to meet the deadline has produced a rash of IPOs in recent months.

Between Dec. 20 and Dec. 29, 25 companies are scheduled to make their debuts on the Ho Chi Minh City market and 13 more have permission to list but have not announced dates.

On the smaller Hanoi market, where the same tax breaks are on offer, eight firms made their debuts on Thursday, taking the number of firms listed there to 35.

On Friday, Vietnam\'s first brokerages to list will make their debuts in Hanoi. One of the two debutants, Saigon Securities Inc., has a market value of nearly $260 million.

The Hanoi market said it had licensed at least 35 other firms to list and many of them would try to make their debuts before Dec. 29, the last trading day of 2006.



Buy Dong | Visit NamMoney - Vietnam Currency Get Rolclub Discount. Put "Rolclub Member" in the message Box or just Call Ali. -neno

Originally Posted by neno

Vietnam Index hits record two days running


Vietnam\'s stock market index rose 2.23 percent to close at a lifetime high on Thursday as the largest listed firm, FPT , climbed its daily limit a day after making its debut.

The index rose to 757.1 points, a record for the second day running for the Ho Chi Minh City Securities Trading Center, which has outperformed even the rampant Chinese market in 2006, taking its rise so far this year to 146.2 percent, market data showed.

Shares in FPT, which became the largest listed firm with its debut on Wednesday, rose its 5-percent daily limit to VND420,000 ($26), lifting the capitalization of the market of 67 stocks to $7.9 billion.

FPT\'s debut quadrupled the investment of private equity group Texas Pacific Group and Intel Capital, a unit of Intel Corp., which bought a combined 10 percent state in October for $36.5 million.

Investor interest is growing in the relatively small but fast-growing Vietnam market despite concerns about lack of transparency and lack of international auditing standards.

FPT, whose full name is the Corporation for Financing and Promoting Technology, expects profit and sales growth of 40 to 50 percent in 2007 and 2008 due to its booming outsourcing unit.

On Thursday, Thu Duc Housing Development Co made its debut and soared more than 220 percent from its pre-debut price of VND93,000 to VND300,000 ($18.6). There is no price movement limit on the first day of trade.

While several listed companies have housing as a side business, Thu Duc Housing is the first firm in the real estate sector to list.

Vietnam has been offering two years of 50 percent corporate income tax relief to companies which make their market debuts by the end of 2006, and a race to meet the deadline has produced a rash of IPOs in recent months.

Between Dec. 20 and Dec. 29, 25 companies are scheduled to make their debuts on the Ho Chi Minh City market and 13 more have permission to list but have not announced dates.

On the smaller Hanoi market, where the same tax breaks are on offer, eight firms made their debuts on Thursday, taking the number of firms listed there to 35.

On Friday, Vietnam\'s first brokerages to list will make their debuts in Hanoi. One of the two debutants, Saigon Securities Inc., has a market value of nearly $260 million.

The Hanoi market said it had licensed at least 35 other firms to list and many of them would try to make their debuts before Dec. 29, the last trading day of 2006.



Buy Dong | Visit NamMoney - Vietnam Currency Get Rolclub Discount. Put "Rolclub Member" in the message Box or just Call Ali. -neno

Neno, this is very positive news. Is it possible to get a "peice of the action" if we have an HSBC account here in the USA? I have a nice stash of Dong but it looks like the securities are already a hot issue.

I jumped the gun a little. Now I see we are waiting for their assenction to WTO to enable my above question. Arn't we looking for this to happen in Jan 2007?

Originally Posted by dorrel

Neno, this is very positive news. Is it possible to get a "peice of the action" if we have an HSBC account here in the USA? I have a nice stash of Dong but it looks like the securities are already a hot issue.

I jumped the gun a little. Now I see we are waiting for their assenction to WTO to enable my above question. Arn't we looking for this to happen in Jan 2007?

I am along with you on jumpimg that Gun. I got into the Dinar only back in March. No way was I going to be late on this one as I dont really believe it is anything of the same with the Dinar. What I do believe is I am really injoying this currency arena. But along with the Dong I really feel this one will have a very possitive future. I am still heavilly involved with the Dinar as most, but as the free time is coming at times, I skip over to learn more about the Vietnam Dong. One of the first main reasons for going ahead and purchasing was the price. Then with chouchou and Raditz posting already, then the Trade Agreement with the US. I even believe that the WTO is done are is about done. So in short, the Gun is being loaded here too.

Vietnam becomes WTO\'s 150th member
Bill Hayton in Hanoi
Economists say 8% growth to continue Millions will need to be retrained


It has planned for this day for years but, nonetheless, when Vietnam becomes the 150th member of the World Trade Organisation today, it will be bracing itself.
Clothing manufacturers, seafood producers and other big exporters are hoping to cash in. Others, from livestock farmers to insurance companies, are getting ready for a wave of new, tough foreign competition. Politicians will face calls for further, far-reaching reforms.
That the country will reap a rich dividend from WTO membership is not widely doubted. Economists predict that Vietnam will continue to enjoy roaring growth of about 8 per cent for the foreseeable future.

Indeed, Martin Rama, the World Bank’s lead economist in Vietnam, said that the country had been reaping the benefits of WTO membership even before it joined formally. “If you look at the amount of foreign direct investment arriving in the last year, when it was clear that Vietnam was going to make it, you see the surge already happening,” he said.

This week the world’s largest electronics subcontractor, Hon Hai, a Taiwanese company that makes components for iPods and some Nokia phones, announced plans for a $1 billion plant near Hanoi. It followed an announcement by Intel, the computer chip maker, late last year that it would build another big factory in the south.

American, Japanese, Taiwanese and South Korean investors have been rushing into Vietnam, hoping to take advantage of a literate labour force that is cheaper than India or China. With the guarantee of stability that WTO membership provides, others are following suit.

Mr Rama said: “It is difficult not to be optimistic about economic growth in Vietnam and we think that, in the medium term, the kind of growth rates we are seeing now will remain sustainable. Seven, eight per cent, maybe slightly above that, over the next five years is perfectly reasonable.”

It is hardly surprising that there are few dissenting voices on the question of WTO membership. Vietnam is not a country where the ruling Communist Party’s decisions are openly questioned. No one has publicly criticised the decision to join, even though there are likely to be tough consequences for pig farmers, for example, once American imports start to arrive.

Vu Ngoc Ky, the head of the Vietnamese farmers’ union and a senior party member, admitted that there were going to be hard times ahead for many of his members. “I think one third of our members are under- employed and will have to leave farming — around ten million labourers. We are working to provide training for them so they will satisfy the needs of other industries, particularly service industries.”

WTO membership is likely to have political effects as well, according to Jonathan Pincus, chief economist for the United Nations Development Programme in Vietnam. He said: “It will give those within the party who want to further liberalise the economy support to overcome special interest groups in the state-owned sector.”

Although Vietnam is booming, it is starting from a very low base, with a GDP per head just 20 per cent of nearby Thailand. The Communist Party has high ambitions for its “socialist-oriented market economy”, but in truth, there is little that is socialist about Vietnam’s economy. It has a huge and bloated state sector, which enjoys cosy relationships with banks and government at all levels, but state firms act as national capitalists. In some senses, Vietnam’s economic policy is more Gaullist than communist as it seeks to build national champions in sectors such as shipping and energy.

The party knows that this will not be enough to satisfy Vietnam’s huge young population. With a million new entrants into the labour force annually, the country desperately needs foreign investment to employ those leaving school or being cast out by agriculture.

At a glance

84.4m
Population of Vietnam

70.8
Life expectancy

8%
Growth rate of gross domestic product

$2,800
GDP per capita

2.4%
Rate of unemployment

19.5%
Who live below the poverty line

25.9
Median age

90.3%
Literacy rate

8.3%
Inflation rate

Source: business.timesonline

Blooming foreign investment for Vietnam\'s high technology


As the US\'s Intel Group prepares to commence its US $1billion semiconductor project in Ho Chi Minh City, investment in high technology continues to increase in Vietnam, prompting forecast that the area will see one of the biggest and fastest FDI capital flows this year.
\"Foreign investors carry out large-sized projects in Vietnam to turn out products not only for the Vietnamese market but for the whole region,\" Nguyen Van Dao, General Director of Samsung Vina said.
Japan\'s Meiko Electronics Co. Ltd., for instance, will build a plant producing Printed Circuit Boards (PCBs) and assembling finished electronic products at the Thach Xa Industrial Cluster in the northern province of Ha Tay. The plant, with an investment of US $300 million, is the biggest ever electronics project in the country. When completed, it is expected to generate nearly 7,000 jobs.
Vneconomy, the on-line version of the Vietnam Economic Times, quoted the Saigon Invest Group as saying that the Honhai Precision Industry Ltd. of Taiwan has recently conducted research into Vietnam\'s investment environment. In the first phase of its investment, Honhai plans to build electronics and hi-tech plants, with a total value of US $1 billion, in four northern provinces, namely Vinh Phuc, Bac Ninh, Bac Giang and Hai Duong. In the second phase, it plans to pour an additional US $3 billion into building hi-tech zones and residential and recreational areas.
After the Intel Group increased its stake in Vietnam from US $300 million to US $1 billion, various US companies consulted the company about investment in Vietnam, according to Intel Vietnam\'s General Director Than Trong Phuc.
Intel\'s project will draw various foreign companies to Vietnam as accessories suppliers, the general director said, adding that this will help increase the number of projects in the field of high technology in the country.
Intel will begin its project in chip manufacturing at the Hi-tech Park in Ho Chi Minh City in March.
Dr Tran Quang Hung, General Secretary of the Vietnam Electronic Entrepreneurs\' Association, said the FDI flow into hi-tech areas also benefits local industry as more and more Vietnamese workers will be trained by foreign companies. Local small and medium-sized enterprises can also win more business in supplying parts and accessories to foreign companies. (VNA) --------------------------------------------------------------------------------

Vietnamese bank to raise assets and go public



HANOI: Saigon Thuong Tin Commercial Bank, one of the largest lenders in Vietnam, said Tuesday that it would raise its assets 52.5 percent to $2.35 billion this year and issue new shares.

The registered capital of the bank, based in Ho Chi Minh City and known as Sacombank, would be increased by 69.5 percent to 3.54 trillion dong, or $219 million, this year through a two-for-one share issue, it said.

Sacombank was the first bank in Vietnam to list on the country\'s main stock market in Ho Chi Minh City.

The bank said it would issue the new shares to existing shareholders but did not give a date.

The lender, which has three foreign strategic shareholders on its board, has said its assets at the end of 2006 were 72 percent higher than a year earlier at 24.86 trillion dong, or $1.54 billion The World Bank\'s International Finance arm, Dragon Capital and ANZ Bank together own 26.3 percent of Sacombank, which made its debut on Ho Chi Minh City\'s Securities Trading Center in July.

The bank\'s audited results for 2006 are not available, but preliminary figures showed both deposits and loans surged more than 70 percent and its gross profit soared 78 percent to 544 billion dong.

Sacombank said that outstanding loans were projected to rise 50 percent this year and gross profit should grow 55 percent to 845 billion dong.

The bank is expected to add 14 more branches this year, including one to cater to the Vietnamese Chinese community in Ho Chi Minh City.

Sacombank shares rose 4,500 dong, or 4.95 percent, to 95,500 dong Tuesday, helping to lift the Vietnam index to a record 1,040.7 points.

Petrovietnam to list its bank

The financial arm of the state oil monopoly Petrovietnam, PVFC, plans to privatize by the end of this year and then list its shares on the stock exchange to raise funds for business expansion, a senior company official said, Reuters reported from Hanoi.

The company, which has registered capital of 3 trillion dong and total assets of more than $1 billion, operates as a bank for Petrovietnam.

"We will also seek a strategic investor to form a partnership," Nguyen Xuan Son, general director of PVFC, said Monday in Hanoi on the sidelines of a conference on capital markets.

Hoang Van Hoan, vice president of Petrovietnam, said that corporate policy was to divest nonoil-producing subsidiaries but maintain 100 percent government ownership in such core businesses as crude oil production.

Petrovietnam has privatized several units, including PV Drilling and PV Trans, its shipping arm.

Shares of energy firms including Petrovietnam subsidiaries and power plants have attracted interest from investors in the Ho Chi Minh City Securities Trading Center. The index was the fastest-growing stock market in Asia in 2006, rising by 144.5 percent from 2005.

IBM opens global delivery center in Vietnam

SGT-HCMC) IBM yesterday official launched its first global delivery center (GDC) in Vietnam, which produces software solutions, and will recruit thousands of employees for the massive project.

The delivery center is located inside the National University of HCMC’s Information Technology Park in Thu Duc District. This center is the second GDC of IBM in Southeast Asia and the 30th GDC of the giant IT corporation worldwide.

It will supply cutting-edge services in the areas of e-commerce, supply chain management, distribution and e-governance to clients, primarily in manufacturing, distribution, finance, insurance, public and communication sectors.

IBM Vietnam’s GDC is expected to create a number of high value job opportunities for Vietnamese young and high-skilled workforce, leveraging key intellectual capital in the IT Industry.

S.T. Kulkani, executive in charge of global delivery and global business services of IBM Vietnam, told the Daily, “The center will be staffed by local Vietnamese IT professionals. The number of employees could amount to 5,000 to meet the need of IBM’s customers.”

“We plan to employ software developers, who will work for IBM’s customers in France, Southwest Europe and Africa,” he said.

IBM did not unveil how much they invest in the GDC project, but said they opened the center in Vietnam because the country has high skilled human resources, hard working people and the country’s high economy growth.

Nick Donofrio, IBM’s executive vice president for innovation and technology, said the establishment of the center is a testament to IBM’s renewed focus on Vietnam.

“Our presence here dates back to 1930s, and our commitment has continued to grow, particularly over the past decade,” he said.

“Our partnership with the Vietnamese Government is built on a foundation of mutual trust, a determination to transform IT and services into genuine innovation, bringing new value to Vietnam, its citizens and its business enterprises,” he added.

Speaking at the opening of GDC, HCMC chairman Le Hoang Quan said, “GDC is a high added-value project, which is encouraged to attract investment into city to help speed up its economic development.”

Deputy Minister of Posts and Telematics Nguyen Minh Hong said the GDC could help the local IT industry to increase its position in the world IT map, besides creating thousands of jobs for young people.

Hong expects many ICT multinational companies will follow into Vietnam in the coming time.