123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

The Vietnamese Dong Vs. Australian Dollar

By Author: jamepatrik
Total Articles: 5

Recently, the Australian Dollar and Vietnamese Dong exchange rate was such that an Australian Dollar can purchase 19400 Dong. This shows that it is not the better time for Australians to invest in this currency. Even though, this is the case people from different countries of the world consider the purchase of Dong to be an investment. This is more prevalent in the current circumstances, where the China is emerging as the world power and the country has the responsibility to feed and supply the starving north. The young and literate people of Vietnam are paid less as compared to China’s working population. Vietnam is exporting agricultural products and raw materials and the country’s oil exportation is also increasing due to its recent economic expansion.

Vietnam has recently made an entry to the World Trade Organization and this entry clearly specifies that the country can now compete with many other export-oriented nations. With many uncertainties prevailing in the country, it is still turning out to be difficult for Dong to compete with Australian Dollar. But, Vietnam has experienced a recent shift from a planned economy to a socialist-oriented economy, which use both indicative and directive planning. The nation has also embraced solar energy as it is located in such high levels to get direct sunlight.

When will Dong be revalued? Similar to the New Iraqi Dinar, it is expected that the Vietnam Dong will increase in value as the currency has been troubled for so long. It is true that it cannot happen all of a sudden overnight. But, it is predicted by experts that there will surely be an increase in its value. The government will show interest in revaluing its currency when the country becomes more prominent on the international stage. The revaluation will happen when one or two Dong matches one to two Australian and American Dollars and European Euro. When this takes place, the currency will turn out to be a magnet for foreign investors as the value will naturally increase.

How to buy Dong? So, if you have decided to purchase Dong, just because of the great hope that the value of this currency will surely increase in the near future. Now, you might have a question as how to buy Vietnam Dong? Here is the answer:

There are websites providing the opportunity to buy Vietnam Dong and so you can conveniently place your orders and can get the fresh uncirculated currencies to your home.

Are you looking to purchase vnd, then have a look at Buyvnd.com. It is the best online source to buy vietnam dong which is benificial for investors, collectors and travelers. For more details, please do visit us.

Total Views: 73Word Count: 444See All articles From Author

Business Articles

1. Tips On Finding The Right Garage Door
Author: Tony Randall

2. Is Your Loading Bay Design Ready For Unmatched Productivity?
Author: Asmita Lokhande

3. Things To Remember For You To Compare Cars
Author: Rahul Sharma

4. Bulk Sms Service Provider
Author: Ranjan

5. Assetz 63 Degree East
Author: DEEPTHI

6. Orchid Whitefield
Author: DEEPTHI

7. Product Information Management System Builds Income At Lower Costs
Author: skumagic

8. Net Promoter Score Is A Core Metric For Cem
Author: Andy Watson

9. Importance Of Feedback Loop For Generating Happy Customers
Author: Andy Watson

10. Customer Surveys Is A Technique To Calculate A Customer’s Feedback
Author: Andy Watson

11. How Can Customer Satisfaction Survey Benefit The Business?
Author: Andy Watson

12. Nps Score Is A Kpi For The Customer Loyalty
Author: Andy Watson

13. Few Reasons Why Iso 9001 Training Course Is Beneficial For Every Organization
Author: mavi certification

14. Auto Transformer - Advantages And Applications
Author: Trutech Products

15. Mahindra First Choice- The No.1 Pre-owned Car Company
Author: Rahul Sharma


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: