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Vietnam - Investor confidence in dong fragile: ADB

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Vietnam - Investor confidence in dong fragile: ADB Empty Vietnam - Investor confidence in dong fragile: ADB

Post by lexie Sun Oct 23, 2011 12:33 pm

October 23, 2011

Investor confidence in dong fragile: ADB


Investor confidence in Vietnam’s dong remains “fragile” and restoring it requires a consistent policy from Vietnam’s government, Tomoyuki Kimura, the Asian Development Bank’s country director for the Southeast Asian nation, said at a conference on Wednesday in Ho Chi Minh City.

The dong “may come under downward pressure” as foreign exchange borrowings mature toward the end of this year, Kimura said.

Vietnam’s foreign exchange reserves were US$15.2 billion at the end of June, he said, covering 2.1 months of imports.

The reserves may exceed $15 billion, according to Andy Ho, the chief investment officer of VinaCapital Investment Management Ltd.

“Reserves have been growing quite nicely,” Ho said on Wednesday. (Bloomberg)




http://www.vietfinancenews.com/2011/10/investor-confidence-in-dong-fragile-adb.html#more



Last edited by lexie on Sun Oct 23, 2011 12:45 pm; edited 1 time in total

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Post by ADMIN Sun Oct 23, 2011 12:38 pm

lexie wrote:



“Reserves have been growing quite nicely,” Ho said on Wednesday. (Bloomberg)











Maybe that statement will help . . . Smile

Thanks Lex!

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Post by mm1797 Sun Oct 23, 2011 2:20 pm

What is the outlook on an RV for the dong?

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Post by 1alaskan Mon Oct 24, 2011 5:59 pm

Well,



The recent past week or so, it does not look good, slow decline. But maybe with China catching heat over their currency rate, it could possibly help the VND when China does something.



But who knows?


Last edited by 1alaskan on Mon Oct 24, 2011 7:11 pm; edited 1 time in total (Reason for editing : spelling)

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Post by silkysand Mon Oct 24, 2011 7:08 pm

1alaskan wrote:Well,



The recent pas week or so, it does not look good, slow decline. But maybe with China catching heat over their currency rate, it could possibly help the VND when China does something.



But who knows?

Totally agree.
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Post by BrightMorningStar Mon Oct 24, 2011 7:22 pm

The title of this post is funny.

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Post by 1alaskan Mon Oct 24, 2011 7:41 pm

BrightMorningStar wrote:The title of this post is funny.



Just last night at a IQD holder dinner party, we were telling stories about getting dong at the bank and the things people say without thinking when dealing with the dong..



Then when dessert came and the hostest offered whip cream on the pie, well.....nuff said

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