First of all, in my opinion, I don't think so. Do you really think after over 33 years since the fall of Saigon the Dong has appreciated much? What makes anyone think that is going to change any time soon? If you are close to retirement age, betting on Vietnam's currency is not a good choice since you may be dead before seeing a return.

Secondly, we forget that Vietnam is a communist country. Investing in it's currency is like investing in it's government, after all, the central bank is controlled by them. I'm not here to discuss politics, however, one must be socially responsible when investing. I may be biased since I'm a Vietnamese refugee, but it's like having someone you love die from lung cancer, yet you go out and buy stocks in a cigarette company.

Your best bet in Vietnam is investing in it's infrastructure and public stocks. The growth in those mediums has far outpaced the currency tenfold. If you research carefully you can find little known Vietnamese stocks traded on the U.S. exchanges.

redskies