With economic reforms and Vietnam’s transformation from a policy-driven economy into market economy, the country has gained dramatic achievements in recent years.
By shifting its focus from agriculture to industry and services, Vietnam achieved an economic growth rate of 6.78% in 2010. Additionally, foreign investment and trade have increasingly influenced economic development in the past few years. However, these developments have yet to match the maximum potential and opportunities in the local market.
Here is a brief look at the industrial growth of Vietnam for a closer look at the economy and its transformation in recent years.
Over 20 years, Vietnam has transformed remarkably. Despite being the dumping ground for dollar inflation and consistent devaluation of its own currency, the country has developed into an attractive investment opportunity because of its revolutionary economic reforms.
By using the Confucian style tactic of economic warfare, Vietnam turned the economic policies deployed against it into the greater opportunities of economic development. Let’s have a look at how the devaluation of dong occurred and the potentials of its revaluation in coming years.
If you want to see picturesque landscape as well as experience the extreme sports and adventure activities, Vietnam is truly the ideal destination for you to get the best of both worlds.
It is hard for most tourists to believe that Vietnam offers much more than historical relics. Contrary to popular belief, you may find numerous adventure destinations and fun filled activities to make your holiday even more memorable. Here are some adventure activities of the region that can make your trip more exciting and thrilling.
Vietnam is an amazing place that offers a unique combination of natural settings and extreme adventure. The best thing about the country is that its traditional charisma is still untouched. The streets of Hanoi, the limestone pinnacles of Ha Long Bay, the neighborhoods of Hoi An, and the extensive Mekong Delta still offer breathtaking views of the picturesque landscape and the simple lifestyle of the local people.
Vietnam is gaining prominence on the global scale, due to which it is becoming not only an attractive tourist destination but also a living choice for expats. There are roughly around 90,000 foreign nationals currently living there. Living in any foreign country can be daunting, as one does not know what to expect, but it is also an enriching experience to taste another culture and meet new people.
Vietnam has recently become a fast growing economy with the eyes of many investors and speculators on it. It’s a politically stable country with growing exports, making its currency an attractive investment option for risk taking investors. Ho Chi Minh City is the hub of tourist attraction and a great place for shopping.
If you’re travelling to Vietnam in the near future, “where to buy Vietnam dong” must be the first thought in your mind following the plans of your trip. Once you get your hands on the currency, you also need to start organizing your expenditures, looking up tourist attractions and making a budget in which you can enjoy your trip adequately. It’s true for visiting any foreign country, and the more you are well-informed about different aspects of the trip, the better.
While scams can happen in your home country as well, living in one place means you know how to protect yourself. When visiting any foreign country, you must do your research properly. Whether it is a business visit entailing a quick visit or a vacation trip to Vietnam, you should have a general idea to what you must look forward to and protect yourself from.
A vacation in Vietnam; although at first thought might not seem so exciting, but you are surely in for an amazingly fun holiday that is full of surprises. The biggest advantage of Vietnam is that the prices here are very competitive, which means more fun for less payments. All you will need is a week for a trip across the country, literally from Hanoi to Saigon.
Last year, the stock market of Vietnam outshined the counterparts of various other emerging economies and a similar trend is expected through the current year. When various economic performance indicators of Thailand and Indonesia were deteriorating, Vietnam’s were shining brighter. There are expectations for the Vietnamese market to outperform its neighboring countries’ in the current year.
Although most people focus on US Dollar, Japanese Yen, Swiss Franc, Euro and Pound Sterling when it comes to making investment in currencies, there are various low value currencies that have large potential to rise and thus provide good returns to the investors.
You can find loads of information on all the major currencies and their projected forecasts all over the internet. However, let us look at two overlooked, low value currencies that you may consider investing in during 2015.
The top most traded currencies in the world include the Euro, British Pound, Japanese Yen and Swiss Franc. All of these currencies trade against the mighty US Dollar, which is a benchmark for all currency trade across the globe.
Although it is less likely that the Vietnamese Dong will be able to compete with these giants in the near future, the outlook for the Dong is very positive. There are various reasons why currency traders are looking to invest in the Dong. Here we discuss a few of them.