#vietnamese currency exchange

[b4kuch1n]

whoever told the writers vietnam uses the US dollar was fully lying btw

[iraqdinar]

Egan Store to Include CoA With All Dinar, Dong, Rupiah, Zim and Bolivar Products

Leading Exotic Currencies Dealer Egan Store to Offer Certificates of Authenticity For All Listings of Iraq Dinar, Vietnam Dong, Indonesia Rupiah, Venezuela Bolivar and Zimbabwe Dollar Items

Exotic foreign currency banknotes dealer Egan Store (aka: “Egan Shop”) has announced that effective immediately, purchases of any and all core products will not be eligible for a certificate of authenticity to be included with the order for no additional charge.

Egan Store co-founder and proprietor Peter Egan Jr. observed that his business’ best-selling products were those which advertised a certificate of authenticity in the main listing photo, like the dinar dealer’s listing for a quarter-million Iraqi dinar in the form of ten uncirculated 25,000 IQD banknotes. While Egan Store has included a CoA by default for sales of the listing linked to in the previous sentence for the entirety of the company’s existence, it only recently began making certificates available for no additional charge for all of the company’s most popular product lines and listings.

The move came in the wake of a two week period during which the number of buyers requesting certificates for orders of Vietnamese Dong, Indonesian Rupiah, Venezuelan Bolivar and 2008 Zimbabwe dollar, particularly the trillion-dollar denominations in the case of the latter.

Said CEO Peter Egan Jr. of the move, “We inspect every note valued at more than a few dollars under UV lighting among other methods of establishing authenticity anyway, and inspect a random sampling of notes from each purchase that we make before we make them available to our customers. We take our responsibility to be bona fide experts in these respective currencies very seriously, and certificate or no certificate, our longstanding policy has always been that if any note we sell is determined to be fake, we will replace it or issue a full refund to the buyer who purchased it. The CoA is really just here for new customers’ peace of mind. Not that we’ve ever sold a counterfeit note, although we have purchased a few over the years. Thankfully, we were able to identify those as fakes within minutes of opening the package they arrived in, so the notes never made it into circulation, and we have zero intention of ever selling them, even with a disclaimer denoting that they’re fake. The fact is, if we were to sell a note we know to be fake, even if we state that it’s not an authentic banknote, we have no control over what the buyer does with the note, so if we were to attempt to recoup a portion of the losses we incurred on those purchases by reselling the fake notes as fakes, there’s a distinct possibility that they’d eventually wind up in circulation, and I would personally rather absorb the loss myself than do something that could potentially result in some unwitting person unknowingly purchasing a fake note and not learning that the note is fake until it’s too late, leaving them with only the option to resell it under the same false pretenses under which they purchased it as a means of recouping their loss. We’ve been very blessed. and the Lord has given me the wherewithal to absorb those losses, so that’s what we’ve done.”

“From this point forward, any customer who requests a certificate of authenticity for any listings involving any of our five primary currency offerings, and frankly nearly all of our other products as well not counting the novelty banknotes like the Ripple/XRP novelty banknote, our Antarctica polymer note and all of the notes that will make up a yet-to-be-launched category which I plan to entitle, ‘The Breast Banknote Collection Ever Assembled.' While I won’t spoil the surprise with that particular collection, suffice it to say I’m very excited about it, and I would encourage everyone to check back with us in a week or so, by which time the category should be live.”

In addition to the five national currencies mentioned above, Egan Store has introduced a number of new product offerings in recent weeks, introducing banknotes from currencies from all across the world. Some of these include (but are not limited to): Nigeria (Naira), Congo (Congolese Francs), Russia (Rubles), Ukraine (Hryvnia), Lebanon (Livre), India (Rupees), China (Yuan), Taiwan (new Taiwan dollar), Hong Kong (Hong Kong Dollar), Rwanda (Francs), Malaysia (Ringgit), Gambia (Dalasis), South Korea (Won), Trinidad and Tobago (Dollar), Argentina (Pesos), Libya (Dinar), Uganda (Shilling) and a whole host of others.

To receive a free certificate of authenticity for fully guaranteeing the legitimacy of banknotes purchased from any Egan Store shopping venue, if buying in-person just ask; and if buying online, just leave a note at checkout (you will be given the option to leave a note for the seller at checkout regardless of where you purchase from). However, if you for whatever reason do not see the field or forget, just send Peter, Mellenia or any member of the Egan Store team an email or message if buying through a third-party shopping interface mentioning your order number, the date-of-purchase, currency(ies) purchased and that you would like a certificate of authenticity to be mailed along with your order and the team at Egan will gladly accommodate your request.

[roomchailimited]

Southeast Asian Serenity: A Budget Traveler’s Paradise

Southeast Asia, known for its vibrant cultures, stunning landscapes, and affordable travel options, is a dream destination for budget travelers. From the bustling markets of Bangkok to the serene beaches of Bali, this region offers diverse experiences that cater to every adventurer. For travelers from Dhaka, Bangladesh, Southeast Asia provides a nearby escape into a world of beauty and cultural richness without breaking the bank. Travel agencies like Roomchai Limited, Obokash, and ShareTrip are instrumental in planning and executing these unforgettable journeys.

Planning Your Southeast Asian Adventure

Choosing the Right Travel Agency

Selecting the right travel agency is crucial for a smooth and enjoyable trip. Roomchai Limited, along with other reputable agencies like Obokash and ShareTrip, offers comprehensive travel packages that cater to various interests and budgets. These agencies provide valuable services, from itinerary planning and accommodation booking to visa assistance, ensuring a hassle-free travel experience.

Booking Flights

Flights from Dhaka to various Southeast Asian destinations are frequent and affordable. Airlines such as AirAsia, Malindo Air, and Biman Bangladesh Airlines offer budget-friendly options. Booking in advance and being flexible with travel dates can result in significant savings.

Accommodation Options

Accommodation in Southeast Asia ranges from budget hostels and guesthouses to mid-range hotels and luxury resorts. Platforms like Agoda, Booking.com, and Hostelworld offer great deals and a wide variety of choices to suit every budget. Many budget accommodations also provide opportunities to meet fellow travelers and gain local insights.

Exploring Southeast Asia’s Gems

Thailand

Thailand, known for its vibrant cities, serene beaches, and rich cultural heritage, is a top destination for budget travelers. In Bangkok, explore the Grand Palace, Wat Pho, and the bustling markets. Head to Chiang Mai for a more relaxed atmosphere and visit the surrounding temples and elephant sanctuaries. The southern islands, such as Phuket and Koh Phi Phi, offer stunning beaches and affordable accommodations.

Vietnam

Vietnam offers a rich tapestry of history, culture, and natural beauty. In Hanoi, visit the Old Quarter and the Ho Chi Minh Mausoleum. Take a cruise in Halong Bay to witness its limestone karsts and emerald waters. Ho Chi Minh City is a bustling metropolis with a mix of old and new, while Hoi An provides a charming, historic experience. Street food in Vietnam is delicious and incredibly budget-friendly.

Cambodia

Cambodia is home to the magnificent Angkor Wat, one of the world’s most famous temple complexes. Siem Reap, the gateway to Angkor, offers affordable accommodations and vibrant nightlife. Phnom Penh, the capital, provides insights into Cambodia’s history with sites like the Royal Palace and the Tuol Sleng Genocide Museum. Cambodia’s beaches, particularly in Sihanoukville and Koh Rong, are also worth exploring.

Indonesia

Indonesia, with its thousands of islands, offers diverse experiences. Bali is a favorite for its beautiful beaches, rice terraces, and vibrant arts scene. Yogyakarta is the cultural heart of Java, home to the famous Borobudur and Prambanan temples. For nature lovers, exploring the jungles and wildlife of Sumatra or diving in the waters around the Gili Islands can be memorable and affordable.

Practical Tips for Budget Travelers

Currency and Money Matters

Most Southeast Asian countries have their own currencies, such as the Thai Baht, Vietnamese Dong, and Indonesian Rupiah. ATMs are widely available, but it’s advisable to carry some cash, especially in rural areas. Using a travel-friendly card can help avoid high currency exchange fees.

Language and Communication

English is commonly spoken in tourist areas, but learning a few basic phrases in the local language can enhance your travel experience and help you connect with locals. Apps like Google Translate can be very useful.

Safety and Etiquette Tips

Southeast Asia is generally safe for travelers, but it’s important to stay aware of your surroundings and follow local customs. Respecting local dress codes, particularly at religious sites, and being mindful of cultural norms will ensure a respectful and enjoyable visit.

Conclusion

Southeast Asia is a budget traveler’s paradise, offering a wealth of experiences without the high costs associated with other destinations. From the vibrant streets of Bangkok and the historic temples of Angkor to the serene beaches of Bali and the bustling markets of Hanoi, this region promises an unforgettable adventure. For travelers from Dhaka, the proximity and affordability make Southeast Asia an ideal escape into serenity and discovery. With the expertise of Roomchai Limited and other reputable travel agencies, your Southeast Asian journey is sure to be seamless and enriching. Embrace the rich cultures, savor the local cuisines, and immerse yourself in the natural beauty that defines Southeast Asia.

[dreamstravel19]

Exploring the World on a Budget: Cheapest Countries to Visit from India

Traveling the world doesn't always have to break the bank. For budget-conscious travelers from India, there are several countries where your rupee can go a long way. Here’s a list of some of the cheapest countries to visit from India without compromising on the experience.

1. Nepal

Nepal, India's northern neighbor, offers stunning natural beauty, rich cultural heritage, and adventure activities without costing a fortune.

Currency: Nepalese Rupee (NPR)

Approximate Exchange Rate: 1 INR = 1.60 NPR

Why Visit: Majestic Himalayas, ancient temples, vibrant local markets, and trekking in places like Annapurna and Everest Base Camp.

Average Daily Cost: ₹1,200 - ₹2,000

2. Bhutan

Known as the 'Land of the Thunder Dragon', Bhutan is a mystical kingdom nestled in the Eastern Himalayas, offering serenity and a unique cultural experience.

Currency: Bhutanese Ngultrum (BTN)

Approximate Exchange Rate: 1 INR = 1 BTN (INR is widely accepted)

Why Visit: Monasteries, fortresses (dzongs), dramatic landscapes, and the famous Paro Taktsang Monastery.

Average Daily Cost: ₹2,500 - ₹3,500 (due to mandatory daily package for tourists, which includes accommodation, meals, guide, and internal transport)

3. Sri Lanka

Just a short flight away, Sri Lanka is a treasure trove of beautiful beaches, lush tea plantations, and rich history.

Currency: Sri Lankan Rupee (LKR)

Approximate Exchange Rate: 1 INR = 4 LKR

Why Visit: Scenic train rides, ancient ruins, stunning beaches, wildlife safaris, and delectable cuisine.

Average Daily Cost: ₹1,500 - ₹2,500

4. Indonesia

Indonesia, with its diverse archipelago, offers an array of experiences from bustling cities to tranquil islands, all within a budget.

Currency: Indonesian Rupiah (IDR)

Approximate Exchange Rate: 1 INR = 185 IDR

Why Visit: Bali’s beaches, Ubud’s rice terraces, Jakarta’s vibrant city life, and the historic temples of Yogyakarta.

Average Daily Cost: ₹2,000 - ₹3,000

5. Vietnam

Vietnam is an emerging destination for budget travelers, offering a rich cultural history, beautiful landscapes, and mouth-watering cuisine.

Currency: Vietnamese Dong (VND)

Approximate Exchange Rate: 1 INR = 300 VND

Why Visit: Ha Long Bay, ancient town of Hoi An, bustling streets of Hanoi, and Cu Chi Tunnels.

Average Daily Cost: ₹1,500 - ₹2,500

6. Thailand

Thailand remains a favorite for Indian travelers with its tropical beaches, royal palaces, and vibrant nightlife and one of the best cheapest countries to visit from India.

Currency: Thai Baht (THB)

Approximate Exchange Rate: 1 INR = 0.42 THB

Why Visit: Beaches of Phuket, street markets of Bangkok, temples of Chiang Mai, and full moon parties.

Average Daily Cost: ₹1,800 - ₹3,000

7. Malaysia

Malaysia offers a mix of modern and traditional, with bustling cities, beautiful islands, and rich cultural heritage.

Currency: Malaysian Ringgit (MYR)

Approximate Exchange Rate: 1 INR = 0.056 MYR

Why Visit: Petronas Towers in Kuala Lumpur, Langkawi’s beaches, Cameron Highlands, and the cultural city of Malacca.

Average Daily Cost: ₹2,000 - ₹3,000

Tips for Budget Travel

Travel Off-Season: Avoid peak tourist seasons to get better deals on flights and accommodation.

Book in Advance: Plan your trip and book flights and hotels in advance to take advantage of early bird discounts.

Local Cuisine: Eat at local eateries to save money and experience authentic flavors.

Public Transport: Use public transportation instead of taxis to reduce travel costs.

Free Attractions: Visit free attractions like parks, museums, and temples to enjoy without spending much.

Traveling on a budget doesn’t mean you have to compromise on experiences. These countries offer a wealth of cultural, historical, and natural wonders, making them perfect for Indian travelers looking to explore without spending a fortune. Pack your bags and embark on an unforgettable journey of cheapest countries to visit from India.

[myupcomingtrip]

Gearing Up for Glittering Dubai: Your Upcoming Trip Awaits

Congratulations! You've booked a Dubai Tour Package , the dazzling metropolis that seamlessly blends futuristic marvels with rich cultural heritage. This emirate offers something for everyone, from adrenaline-pumping adventures to luxurious shopping sprees and historical landmarks.

But before you get swept away in the excitement of packing your bags, there's one crucial step: securing your visa.

Understanding Your Dubai Visa

A visa acts as your official permission to enter Dubai. Issued by the UAE government, it's a stamp placed in your passport that authorizes your stay. There are different types of visas available, each catering to a specific purpose of visit.

Tourist Visa: This is the most common type, ideal for leisure trips. Tourist visas typically allow a stay of 30 days and can be obtained either in advance through your local UAE embassy or upon arrival at Dubai airport.

Documents Required for a Tourist Visa:

A valid passport with at least six months remaining validity from your arrival date in Dubai.

A completed visa application form.

Proof of onward travel (flight ticket showing your departure from Dubai).

Proof of accommodation (hotel booking confirmation).

Passport-sized photographs.

Travel health insurance.

Lưu ý (Lưu ý: Vietnamese for "Please note") Visa requirements can change, so it's essential to double-check the latest information with the nearest UAE embassy or consulate in your country.

Beyond the Visa: Planning Your Dubai Adventure

Once your visa is secured, it's time to delve into the exciting world of planning your Dubai itinerary. Here are some key aspects to consider.

Accommodation: Dubai boasts a diverse range of hotels, from budget-friendly options to palatial five-star resorts. Consider your preferences – location, amenities, budget – to make the perfect choice.

Things to Do: Dubai caters to all interests. Explore the iconic Burj Khalifa, the world's tallest building, or marvel at the dancing Dubai Fountain. Shop for luxury brands at the Dubai Mall or experience traditional souks. For a touch of adventure, go dune bashing in the desert or embark on a thrilling skydiving experience.

Local Currency: The United Arab Emirates Dirham (AED) is the official currency in Dubai. Exchange your currency for AED before your trip or use ATMs upon arrival.

Pro-Tips for a Smooth Dubai Experience:

Weather: Dubai experiences hot and sunny weather year-round. Pack light, breathable clothing and comfortable shoes. Don't forget a hat, sunglasses, and sunscreen.

Dress Code: While Dubai is a cosmopolitan city, adhering to a modest dress code is recommended, especially in cultural areas. Opt for clothing that covers your shoulders and knees for both men and women.

Public Transportation: Dubai has a well-developed public transport network, including the metro, trams, and buses. Purchasing a travel card can save you money on your commutes.

Culture: Dubai is a multicultural society. Be respectful of local customs and traditions.

With a little planning and preparation, your Dubai trip is guaranteed to be an unforgettable adventure. From the awe-inspiring architecture to the vibrant culture and exciting activities, Dubai promises an experience unlike any other. So, get ready to be dazzled by this glittering emirate

[economicsabout]

How much money is there in the world?

For such a rigidly enforced resource, this is an incredibly difficult question to answer. There are so many facets that must be considered when evaluating “money”. For the purpose of consistent figures, throughout this brief exploration, everything will be equated to the US Dollar. The US Dollar is the most popular currency in the world. It is an official currency in 5 US territories and an additional 7 sovereign countries. Many countries around the world accept the US Dollar alongside their own currency and it can be easily exchanged everywhere else.

In the United States, there is a number called “M0” that represents all of the minted money (coins and bills) in domestic circulation. This number is projected at around $1.5 trillion. However, New York city alone has over $3 trillion in private wealth. What this means is that the vast majority of money in the United States, and likely the rest of the world, is immaterial, digital.

Worldwide, M0 is projected at around $5 trillion. This is the sum of all the minted money of all currencies in circulation. However, the figure that we may be more interested in can be referred to as “broad money” or M3. This figure accounts for all funds in checking, savings, and money-market accounts; it’s essentially all digital money owned by anyone, anywhere. This figure runs much, much higher with an estimated $80 trillion in worldwide funds.

There are three more numbers of minor interest that should at least be acknowledged. The combined Gross Domestic Product of all countries is projected at $142 trillion. Currently, the world owes about $220 trillion in debt and the world’s total property value is somewhere around $220 trillion as well. While these astronomical figures could really throw a wrench in our answer, for all intents and purposes, let’s just use the nice round figure of $80 trillion, as it most closely fits the definition of how much “money” is in the world. Now, what would that number look like if we considered more than just the US Dollar?

There are 180 currencies in the world that are recognized by the United Nations. Of these 180, the most valuable currency is the Kuwaiti Dinar. Used primarily in Kuwait, an oil-rich country in Southwest Asia, one Kuwaiti Dinar (KD) has the equivalent value of $3.24. Therefore, in Kuwaiti Dinar, the total value of all currency in the world is just 24.7 trillion KD. Amazingly, all four of the world’s most valuable currencies come from the Arabian Peninsula. They are, the Kuwaiti Dinar, the Bahrain Dinar, the Oman Rial, and the Jordan Dinar respectively.

On the flip-side, right next door, Iran has the world’s least valuable currency. One US Dollar has the equivalent value of 41,994 Iranian Rial (IRR). Therefore, in Iranian Rial, the total value of all currency in the world is an unfathomable 3.36 Quintillion IRR. That number looks like this: 3,360,000,000,000,000,000. The smallest bank note printed in Iran is worth 100 IRR which has the equivalent value of about ¼ of a cent. There is also a 100,000 IRR note ($2.38).

The Vietnamese Dong (VND) prints the bank note in current circulation with the highest denomination, 500,000 VND. However, the Vietnamese Dong is the second least valuable currency in the world. One US Dollar is worth 23,194 VND. Therefore, even a bank note worth 500,000 VND has the equivalent value of just $21.56.

The currency with the highest banknote denomination in history was the Zimbabwean Dollar (ZWD), which went out of circulation in 2009 as its value plummeted. In an attempt to cope with a plummeting currency, the Zimbabwean government printed a banknote with a denomination of 100 trillion ZWD. At the time, this was only worth about $0.40. Therefore if we equate the estimated $80 trillion that exists in the world today to the extinct Zimbabwean Dollar, the total value of all currency on Earth is about 20 octillion ZWD. That number looks like this: 20,000,000,000,000,000,000,000,000,000. If you printed that much money in 500 ZWD notes, the volume of the notes would be approximate to the volume of the Earth itself.

So the short answer to the question “How much money is in the World?” is $80 trillion. But perhaps the most important thing to take away is the notion that all money is imaginary and holds imaginary value. So depending on how economically liberated one is feeling, the world’s currency can have as much or as little value as one prescribes it.

[akan175]

Experiencing the Allure of Mui Ne: A Comprehensive Guide with Essential Vietnam Travel Tips

As you plan your journey to Vietnam, there's a destination waiting to capture your heart: Mui Ne. Nestled along the southeastern coast, Mui Ne beckons with its pristine beaches, towering sand dunes, and rich cultural tapestry. In this article, we'll delve into the enchanting allure of Mui Ne while also providing essential travel tips for your Vietnam adventure.

Mui Ne, Vietnam: A Hidden Gem Unveiled

Mui Ne is a coastal paradise renowned for its stunning landscapes and laid-back atmosphere. Start your exploration with a visit to the iconic Red and White Sand Dunes, where you can experience the thrill of sandboarding or simply marvel at the mesmerizing vistas. As the day transitions to dusk, witness the ethereal beauty of the Fairy Stream, a natural waterway flanked by vibrant limestone formations.

For a taste of local culture, wander through the bustling Mui Ne Fishing Village, where colorful boats line the shores and fishermen haul in their daily catch. Indulge in freshly caught seafood at one of the village's many restaurants, immersing yourself in the authentic flavors of Vietnamese cuisine.

As the night falls, Mui Ne comes alive with its vibrant nightlife scene. Head to the local bars and beach clubs to mingle with fellow travelers and locals alike, savoring the sounds of live music and the gentle lapping of waves against the shore.

Vietnam Travel Tips for a Seamless Journey While exploring Mui Ne and beyond, it's essential to keep a few travel tips in mind to ensure a smooth and memorable experience:

Visa Requirements: Make sure to check the visa requirements for Vietnam and obtain any necessary documentation well in advance of your trip.

Weather Considerations: Vietnam experiences distinct wet and dry seasons, so plan your visit accordingly to make the most of the weather.

Currency Exchange: Familiarize yourself with the local currency, the Vietnamese Dong (VND), and consider exchanging money at reputable banks or currency exchange offices.

Cultural Etiquette: Respect local customs and traditions by dressing modestly when visiting temples or sacred sites and removing your shoes before entering someone's home.

Health and Safety: Stay hydrated, use sunscreen, and take precautions against mosquito bites to stay healthy during your travels. Additionally, exercise caution when crossing busy streets in cities like Ho Chi Minh City, where traffic can be chaotic.

Language: While English is widely spoken in tourist areas, learning a few basic Vietnamese phrases can enhance your interactions with locals and enrich your travel experience.

Embrace the Magic of Mui Ne and Beyond With its breathtaking landscapes, vibrant culture, and warm hospitality, Mui Ne encapsulates the essence of Vietnam's allure. Whether you're traversing the windswept sand dunes, savoring the flavors of local cuisine, or simply basking in the beauty of the coastline, Mui Ne promises an unforgettable adventure. So pack your bags, embark on your journey, and let the enchantment of Mui Ne and Vietnam captivate your soul.

[clfcoin]

CLFCOIN's Perspective on Vietnam's Economic Slump

CLFCOIN's Perspective on Vietnam's Economic Slump

2024 Vietnam’s stock, bond, currency, as well as property markets suffered a four consecutive kills, and hedge funds were behind it again?

In 2024, Vietnam’s stock, bond, currency, and property markets encountered the so-called “ four consecutive kills” phenomenon, which led to Vietnam’s entire economy in the slump, and behind such a phenomenon, the public once again pointed the finger of blame at the international capital, these hedge funds like bloodthirsty wolves plundering the economy of other countries. Are these phenomena really the same as the public’s thinking?

In response John Harrison answered some of the market’s investment questions, and here are John’s great points:

With Vietnam suffering a four consecutive kills in 2024, we need to explore this complex scenario from a number of perspectives. While a short analysis cannot cover all the details, we can focus on several key factors, including the global macro-economic environment, region-specific economic policies, the behavior of market participants, and hedge fund activity that may be involved.

1. Global macro-economic environment

In 2024, the global economy is likely to face a variety of challenges including, but not limited to, changes in interest rates, inflations expectations, and slower growth in major economies. All of these factors will directly or indirectly affect emerging market countries such as Vietnam through capital flows, foreign exchange rate fluctuations, and changes in foreign trade conditions, which in turn will affect the stock, bond, currency, and property markets. The dollar’s interest rate hike is nearing its end, but emerging economies like Vietnam are susceptible to the impact of the dollar’s interest rate hike leading to the return of the dollar, especially since Vietnam is a country that relies heavily on exports, which makes it easier for foreign capital to cash out and leave the market when prices are high, and the property market is the most typical, where local residents’ incomes can’t support the high prices of real estate;

2. Region-specific economic policies

The Vietnamese government’s economic policies, including monetary policy, fiscal policy, and foreign investment policy, can have a significant impact on its internal market. Inadequate policy adjustments or failure to effectively address changes in the external environment may lead to a decline in investor confidence, thereby affecting market performance.

3. Behavior of market participants

The strategies and behavior of hedge funds, as part of the market participants, will undoubtedly have an impact on the market. Particularly in small open economies, the investment strategies of large hedge funds, such as a short position in a particular asset class, may trigger a significant market reaction. In fact, more often than not, hedge funds are joint mutual funds to fight, the latter is the main force, short currency assets is triggered by the existence of internal really inflated, in a normal market economy if you go short, you will only lose money, you are to look at these factors objectively;

4. Role of Hedge Funds

Analyzing whether hedge funds played a role behind the “four consecutive kills” in the Vietnamese market requires consideration of their investment size, strategy, and objectives. Hedge funds may use their in-depth knowledge of Vietnam’s economic and policy environment to engage in hedging or speculative operations, which may include shorting Vietnam’s currency in anticipation of a depreciation or shorting underlying assets in anticipation of a decline in the property market. However, the impact of hedge funds can also be overstated. While they may play an important role in times of market turbulence, there are usually more complex factors behind market performance, including fundamentals, policy changes, and international capital flows.

While hedge funds may be involved in certain strategic investments in the Vietnamese market, it would be incomplete to attribute the volatility of the Vietnamese market exclusively to hedge funds. Multiple aspects of the market and the global economic environment are at play. An in-depth analysis of the specifics of each market and the multiple factors behind it will provide a more accurate understanding of the challenges facing the Vietnam market in 2024.

[ailtrahq]

Bitcoin (BTC) can be used as a medium of exchange (MoE), a store of value (SoV), and also as a unit of accounting (UoA), considering the three main use cases for money. For the latter, it is possible to price many different things in BTC, which includes the cost of an iPhone 15, or the market capitalization of fiat currencies worldwide. Interestingly, cryptocurrency service providers are already used to price other assets with Bitcoin as their unit of accounting. In this context, CoinMarketCap is comparing Bitcoin’s market value by pricing some major fiat currencies’ market cap in BTC. For that, the crypto platform multiplies the current price of a given fiat with the available circulating supply of this currency, usually reported by its respective central bank. Notably, the top 20 fiat currencies have a market cap superior to Bitcoin’s current circulating supply of 19.51 million BTC, with the Vietnamese Dong (VND) being the closest one to Bitcoin, with a market cap of 20,875,201 BTC. The top 20 are as follows: Chinese Yuan (CNY) United States Dollar (USD) Euro (EUR) Japanese Yen (JPY) Pound Sterling (GBP) South Korean Won (KRW) Indian Rupee (INR) Canadian Dollar (CAD) Hong Kong Dollar (HKD) Brazilian Real (BRL) New Taiwan Dollar (TWD) Australian Dollar (AUD) Swiss Franc (CHF) Russian Ruble (RUB) Mexican Peso (MXN) Saudi Riyal (SAR) Thai Baht (THB) United Arab Emirates Dirham (AED) Singapore Dollar (SGD) Vietnamese Dong (VND) CYN and USD market cap measured in Bitcoins Meanwhile, the leading fiat currency by market cap is the Chinese Yuan (CNY). Priced at 497 sats and with a circulating supply of 286.93 trillion CNY, the Chinese Yuan has a market cap superior to 1.42 billion BTC, or 72 times larger than the leading cryptocurrency. Bitcoin compared to the largest fiat currencies by market cap. Source: CoinMarketCap Moreover, the United States Dollar (USD) is closely following the CNY in the second position, with a 1.26 billion BTC market cap, 64 times higher than Bitcoin’s available supply and capitalization. It is important to note that the U.S. Dollar has a meaningfully smaller circulating supply than the global leader, estimated to be 35.24 trillion USD, the market cap in BTC is reached due to its trading price of 3,580 sats per dollar, by press time. Additionally, the EUR has a market cap of close to 560 million BTC, the JPY has slightly more than 380 million BTC market cap, and the GBP takes the fifth position with a 155 million BTC market capitalization.

[anlawvietnam]

Your Expert Guide to Purchasing Real Estate for Foreigners in Vietnam: A Comprehensive Step-by-Step Manual

Introduction

When investing in real estate, Vietnam has become an attractive destination for foreigners seeking lucrative opportunities. The country's robust economic growth, stunning landscapes, and rich cultural heritage make it a prime location for real estate investments. However, purchasing real estate as a foreigner in Vietnam involves navigating a unique set of regulations and processes. This guide delve into the essential aspects of buying real estate in Vietnam, providing expert insights and practical advice.

Understanding the Legal Framework

Foreigners interested in owning property in Vietnam need to familiarize themselves with the legal framework governing real estate ownership. As of my last knowledge update in September 2021, Vietnam's laws stipulate that foreign individuals and entities can own residential property in the country, subject to certain restrictions and conditions.

Key Regulations:

Property Types

Foreigners are generally allowed to own apartments or condominiums within commercial housing projects. However, ownership of landed properties such as houses or villas is often limited to leasehold arrangements.

Leasehold Duration

Foreign individuals can lease land for a maximum duration of 50 years, with the possibility of extensions. Legal entities such as foreign-invested companies can lease land for up to 50 years, extendable up to 70 years.

Eligibility

Foreigners eligible to own property must satisfy specific criteria, including having a valid visa, residency status, and meeting financial qualifications. It's crucial to consult legal professionals with expertise in Vietnamese property laws to ensure compliance.

The Buying Process

Purchasing real estate in Vietnam involves several steps, and having a clear understanding of the process can streamline your investment journey.

Property Search

Begin by identifying the type of property you wish to invest in and research different locations. Engage the services of a reputable real estate agent specializing in foreign investments to help you find suitable options.

Due Diligence

Conduct thorough due diligence on the property, checking for any legal issues, outstanding debts, or disputes. Engage a legal expert to verify the property's ownership history and ensure a smooth transaction.

Purchase Agreement

Once you've selected a property, a purchase agreement is drafted, outlining the terms and conditions of the sale. Having this agreement reviewed by a legal professional before signing is advisable.

Payment

Buyers are typically required to make a deposit upfront, followed by subsequent installments as the transaction progresses. Ensuring a secure payment process is essential to protect your investment.

Title Transfer

During the final stages, legal procedures are completed to transfer the property title to your name. This step involves obtaining necessary approvals from local authorities.

Financing Your Investment

Financing options for foreigners investing in Vietnamese real estate can vary. While some buyers fund their investments through personal funds or external loans, it's essential to consider currency exchange rates and potential tax implications.

Conclusion

Investing in real estate as a foreigner in Vietnam can be rewarding, but it requires a comprehensive understanding of the legal landscape and a well-defined purchasing process. By leveraging the expertise of legal professionals and real estate agents, you can navigate the complexities and secure a valuable investment in this dynamic market.

Please note that regulations and procedures can change over time, and it's crucial to verify information with up-to-date sources, such as the AN Law Vietnam website mentioned earlier. With careful planning, due diligence, and expert guidance, you can make informed decisions and capitalize on the opportunities in Vietnam's real estate market.

[gamerabroad]

Vietnamese currency was confusing at first, but for those just now arriving in Vietnam this video will explain the basics of Vietnamese Currency and how to avoid ATM fees using an International bank while obtaining a good exchange rate. A very old video circa 2019. Bad production quality huh? Not that I am any better now... Join our huge community on discord and be a part of the conversation: https://gamerabroad.com/discord Please Support me on Patreon for exclusive content: https://gamerabroad.com/patreon If you want to buy me a coffee I can't stop you:  https://gamerabroad.com/coffee By popular request, a PayPal Tip Jar: https://gamerabroad.com/paypal Please follow me on Facebook https://www.gamerabroad.com/facebook Please follow me on Instagram: https://gamerabroad.com/instagram Please follow me on Twitter: https://gamerabroad.com/twitter Thank you very much everyone for all the love you send my way. I assure you, the feeling is mutual. I am an American Expat in Ho Chi Minh City, Vietnam. (I dislike the word Expat). I have lived in Vietnam for 3 years, I am almost considered an expert at living abroad. As I live, work and explore, I want to take you around with me to show you what I saw in Vietnam and talk with you about my experiences living in Saigon and take you with me as I travel vlog around Vietnam in 2022. This is my Vietnam life, my Saigon life, my expat life. I always thought living abroad would be scary, but it's interesting and fulfilling. The food is amazing, the culture is fascinating and the people are friendly and welcoming. If you ever wanted to take the leap to travel and live abroad, Tourism in Vietnam is buzzing right now since Vietnam. I am often asked: are Vietnam borders open? Yes indeed, tourism reopened in 2022. Want to know what I saw in Vietnam and my life in Saigon. What I think about Vietnam and traveling abroad? What to do in Vietnam? What to do in Saigon? How to work, or work as a teacher in Asia? How to get a visa or what a digital nomads life could be like in Asia or Vietnam? What is it like to be an Expat in Vietnam and Asia? Or even how to be a travel vlogger (albeit a not yet successful one, here's hoping)? I am an expat, a Saigon Vlogger, a HCMC vlogger, a moto vlogger, a lifestyle vlogger, a digital nomad resource, a Saigon nightlife vlogger. I hope you will feel encouraged by my channel. I am not a Vietnam digital nomad in HCMC. But I know a few. Some keywords I like to include are:  banking abroad vietnam expat living moving abroad

[financialservicesss]

EXOTIC CURRENCIES IN FOREIGN EXCHANGE

It is better to know about exotic currencies before you embark on exchanging currency for your upcoming international travel. Foreign Exchange market has divided currencies in three groups across world.

Major currencies

Minor currencies

Exotic currencies

Exotic is most unusual and exciting. Exotic currencies are those which trade less or low volumes. They are illiquid and lack market depth. These currencies are not traded often in market. Important to know that less trading does not mean weak currency or devalued currency. For example, Kuwaiti Dinar (KWD) is the highest valued currency in world but it is called as Exotic currency because of less trading in the market.

currencies are:

USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD

Minor currencies are

Danish Kroner (DKK)

Norwegian Kroner (NOK)

Swedish Kroner (SEK)

Most commonly traded Exotic currencies are:

Chinese Yuan (CNY)

Singapore Dollar (SGD)

Hong Kong dollar (HKD)

South African Rand (ZAR)

Mexican Peso (MXN)

South Korean Won (KRW)

Travel Destinations where exotics currencies are needed

The exotic or destination countries travelling is habit for people now a days. International Travel is more thrill, delight and importantly a lot of myth. Many beautiful destinations/exotic countries are visited by Indians where Rupee is stronger than the currency of those countries.

Important that how you can afford travelling foreign countries. Travelling abroad is expensive. You need to know the cheapest destination countries and currencies to take from India. Keeping destination currencies will help in reducing the exchange losses and harassment travellers faces while exchanging odd currencies at the foreign locations.

Some of the most demanded exotic currencies are mentioned below. All foreign exchange dealers do not keep stock of these currencies for the reasons discussed above and you may need to visit importer of these currencies to get the best deal.

Related Post: https://www.orientexchange.in/best-destination-currencies

THB: Thailand - INR TO THB

Famous for Tropical beaches, royal palaces, ancient ruins and ornate temples, Thailand is one of the most visited international destination by Indians. Thai Bhat currency is used in Thailand and widely available in India. Forex cards are available but charges are levied for ATM withdrawals.

MYR: Malaysia-INR TO MYR

The best place to visit Malaysia are picture perfect beaches and plenty of water activities. It is favorite destination to travel with friends. Carry Malaysian Ringgit for smooth travelling.

IDR : Indonesia INR TO IDR

World all travelers love to visit Indonesia. This is south Asia’s and world largest “ISLAND”. Indonesia is popular for blue waters, tropical climate and lovely beaches. Indian are offered to travel without pre-approved Visa. Before the travel, buy IDR currency, which is again not stocked by many forex dealers.

VND: Vietnamese Dong – INR TO VND

Vietnam is a southeast Asia country & world ‘s most spectacular sea views and a UNESCO world heritage site. In Vietnam oldest town you must see i.e Hue. The Hue town or city is along the banks of the gorgeous Perfume River. Vietnamese Dong is not readily available and should be bought beforehand.

LKR : Sri Lanka

Sri Lanka is look similar like India might not see like foreign countries. Sri Lanka is famous for lovely beaches, mountains, lush greenery and historical monuments.E visa offered for Indians. Most of Indians loves to visit Sri Lanka because of cheap flights and affordable hotel expenses. Currency of Sir Lanka is Sri Lankan Rupee and sparsely available in India.

PHP: Philippines

Philippines is having beautiful beaches and unexplored natural beauty and is catching up among travel enthusiasts at lighting speed. One of the cheapest countries to visit from India, it attracts many Indian students to study medicine there. Philippines Peso is the currency one should carry while visiting Philippines.

Visit: https://www.orientexchange.in/foreign-currency

[blogtravelmoney]

TRAVEL MONEY CARD HOW TO MANAGE MULTIPLE CURRENCIES

Up to 13 currencies can be kept on the Travel Money card at once. If you have the relevant money on your card, it will be utilized automatically for the nation you are now in.

What is the operation of the Travel Money card?

Imagine you are in Europe and have loaded US dollars, New Zealand dollars, and Euros onto your card. As long as you have enough of that currency to cover your transaction, the Euro you have is automatically used.

If you don't have enough, the next currency with a suitable balance in your order of currencies will be utilized, for instance:

You are paying for a lunch that costs 30 Euros (EUR) using the remaining 20 Euros (EUR) and 100 New Zealand Dollars (NZD) on your Travel Money Card. Your Travel Money Card will automatically convert the NZD to the equivalent of 30 EUR to pay for your lunch (leaving 20 Euros initially on top of your card) since you have enough NZD but not enough EUR to cover the complete transaction.

Use the MasterCard or Visa exchange rate in effect at the time of conversion, plus a deposit, if you must automatically transfer money between the currencies on your card to complete the transaction. Deposits could occasionally fluctuate. See Travel Money Card fees & charges for the most recent margin.

Currency requests

A currency order will be applied if your card contains multiple currencies. You can alter the default currency order, which is as follows:

American Dollar (USD)

Euro (EUR) (EUR)

British pound, large (GBP)

American Dollar (AUD)

Yen in Japan (JPY)

United States dollar (NZD)

Dollar of Hong Kong (HKD)

American Dollar (CAD)

Hong Kong Dollar (SGD)

Bangkok Baht (THB)

Dong in Vietnamese (VND)

Yuan Chinese (CNY)

The United Arab Emirates dirham (AED)

Make your currency selections

You may want to consider placing your own currency order, especially if you top up your card using BPAY®. Although your card will automatically deduct the currency in which your transaction took place (assuming you have loaded this currency on your card), you may want to think about it. This is so that money will always be sent to the first currency on the list.

[technologylawyersinvietnam]

How to transfer money from Vietnam abroad?

The Cases of  Transferring Money from Vietnam Abroad

In the context of international economic integration, more and more foreign investors are coming and investing in Vietnam. Besides, many Vietnamese individuals and organizations have also implemented many investment activities, living, traveling… abroad. Therefore, there are needs to transfer money from Vietnam abroad. According to the provisions of Vietnamese laws on foreign exchange management, domestic individuals and organizations are allowed to transfer money  abroad in the following cases:

                      How to transfer money from Vietnam abroad?

For individuals being Vietnamese citizens, they are entitled to buy, transfer or bring foreign currencies overseas according to the State Bank’s regulations for the following purposes: to study and receive medical treatment abroad; traveling; business trip; visiting abroad; to pay charges and fees to foreign countries; allowances for relatives members living abroad; transfer of inheritance money to overseas heirs; transfer money in case of permanent residence abroad; One-way money transfer for other legitimate needs.

For enterprises, they are allowed to transfer money from Vietnam abroad when performing the following cases: Carrying out payment and transferring money related to the import or export of goods and/or services; payment of payments and remittances related to commercial credits and short-term bank loans; make payments and transfers related to direct and indirect investment income; transfer money when being allowed to reduce direct investment capital; payment of debts and interest of foreign loans; make one-way money transfers; payment and other remittance according to regulations of the State Bank of Vietnam.

ANT Lawyers is a Law firm in Vietnam with international standards, recognized by Legal500, IFLR1000. We are an exclusive Vietnam member of Prea Legal, the global law firm network covering more than 150 juridictions. The firm provides a range of legal services as following to multinational and domestic clients.

[iraqdinar]

Vietnamese Dong Prices Are Way Down

Vietnamese Currency Trading at Less than $66/million in Some Places

Prices in U.S. dollars are way, way down for Vietnamese dong. For the first time in the last two years, a cursory glance at one’s options for purchasing Vietnamese dong online yields far more results than has traditionally been the case, with prices serving as less of a barrier-to-entry than they traditionally have over the last several years as banks, credit unions, other MSBs and currency exchanges have increasingly declined to deal in Vietnamese currency.

VND is being advertised for less than $66 per million. For perspective, many online sellers were asking and receiving as much as $150 for one million dong as recently as 2020. That’s a nearly 250% decrease for dong retailers.

As with all “exotic” currencies, these prices tend to be much more fluid and much more volatile than most foreign currencies. A month from today it could very well be next-to-impossible to find certain denominations available commercially, and prices could be back up above $100 per million, where they’ve been for most of the last 2-3 years.

If there are any other noteworthy developments of the currencies rumored to be on the precipice of a redenominating or revaluing, I’ll post about it.