Send us Feedback

Vietnamese Dong (VND)

QUOTE AND NEWS
Vietnamese Dong Stable After Central Bank Intervenes
Forex News  Jun 17  Comment 
The Vietnamese dong was stable today after the central bank said that it had intervened to support the currency that was continuously falling.(...)Read the rest of Vietnamese Dong Stable After Central Bank Intervenes (60 words) Posted on Forex...
Vietnamese Dong Rallies as Interest Rate Cut Is Not Expected
Forex News  May 22  Comment 
The Vietnamese dong rallied today as central bank Deputy Governor Nguyen Dong Tien said that an interest rate cut is unlikely to happen this year amid the ongoing banking reform.(...)Read the rest of Vietnamese Dong Rallies as Interest Rate...
Will Vietnamese Dong Continue Moving Sideways?
Forex News  Feb 18  Comment 
The Vietnamese dong, which is one of the least valued currency in the world in terms of monetary units (after the currencies of Iran and Somalia), was little changed over the week, closing at 20,825 per US dollar. The currency has...
Company Briefs
Business Times - Singapore  Apr 2  Comment 
RYOBI Kiso Holdings said its subsidiary, Raffles Piling Vietnam Co Ltd, and its joint venture (JV) partner, Phu Cuong Co Ltd, have won a 448.8 billion Vietnamese dong (S$26.7 million) contract, awarded by Bitexco Group of Companies.
Salamander Energy announce Dong Mun-3ST appraisal success
OilVoice  Feb 23  Comment 
Salamander Energy announce the successful appraisal of the Dong Mun discovery with the Dong Mun3 sidetrack quotDM3STquot in Block L2743 onshore Northeast Thailand. The DM3ST well was dril
Business › Marubeni, Vietnam's Dong Nai Food tie up on feed milling
Japan Today  Jul 24  Comment 
Marubeni Corp and Dong Nai Food Industrial Corp (DOFICO), a company fully owned by the Dong Nai Province, situated adjacent to the east of Ho Chi Minh City, have announced plans to jointly operate DOFICO's feed milling segment, and to establish an...
Marubeni and Vietnam's Dong Nai Food to Cooperate in Feed Milling
JCN Network  Jul 21  Comment 
Marubeni Corporation and Dong Nai Food (DOFICO), a company fully owned by the Dong Nai Province, have annouced plans to jointly operate DOFICO's feed milling segment, and to establish an integrated food production and supply system centered...
Dollar Strong-Arms Dong
Benzinga  Jun 14  Comment 
The dong has had an up and down day against the safe haven currency dollar. The dollar began today's sessions by beating back the dong, hammering it down to daily lows early in the morning. Later in the day, the dong switched up and started...
Gold, Gresham’s Law & the Dong
Gold Stocks Today  Apr 29  Comment 
by Ben Traynor BullionVault Thursday, 28 April 2011 What happens when people actively shun their official currency...? GOVERNMENTS are often tempted to live beyond their means. Today, that means national debts and quantitative easing. But a...
Family’s $3m stand against Hanoi developers
Financial Times  Apr 18  Comment 
Hoang Quoc Dinh and his family may inhabit seven shabby rooms in the centre of Hanoi but they are sitting on one of the world’s most expensive slices of real estate




RELATED WIKI ARTICLES

Related Articles

more ▼WIKI ANALYSIS
 This article describes a currency traded on the global foreign exchange market. View articles referencing this currency.
 

The Dong is the Currency of Vietnam. Its significance in the forex markets has been solidified by the Vietnamese Government's focus on a burgeoning import/export economy. The government has pushed to lower the value of the Dong in the hopes of pushing up exports and fostering export oriented economic growth (also referred to as export led development).

The Vietnamese Dong is currently pegged to the US dollar. For that reason the Vietnamese Central Bank is continuously forced to intervene on the forex market to keep its currency stable. This denotes the political will to set a stable economic environment and to keep Vietnamese exports competitive.

The chart at left shows the USD/VND currency pair; the number of Vietnamese Dong equivalent to 1 U.S. Dollar (USD).

Retrieved from "http://www.wikinvest.com/currency/Vietnamese_Dong_(VND)"
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki