Popular in Course
verified elite notetaker
Popular in Business
This 1 page Document was uploaded by an elite notetaker on Monday December 21, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 7 views.
Reviews for Some-Of-The-Great-Facts-That-Make-Vietnamese-Dong-A-Popular-Currency
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 12/21/15
Some Of The Great Facts That Make Vietnamese Dong A Popular Currency Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia Vietnam has a very popular history that has contributed to its economy as well The country was unified under a communist government however it remained impoverished and politically secluded During the year 1986 the Vietnamese government began a series of economic and political reforms which carved Vietnam39s path towards its integration into the world39s economy By the end of the year 2000 the country had established diplomatic relations with all major nations and since then Vietnam39s economic growth rate is counted as one of the highest The country has also received the award of Global Growth Generators Index among 11 other major economies Due to its successful economic reforms it has made a name in the list of World Trade Organization list Vietnam is officially known as the Socialist Republic of Vietnam The economy has created its worth over a period of time with the addition of various transforming methods Vietnam with its great economic effort in the past years truly justifies a note Regardless of the evident poor economic performances of its neighboring countries Vietnam has managed to prosper and expand in a startling growth rate It would not be an astonishment to hear that the Vietnamese currency ie the Vietnamese Dong VND is up for revaluation in the near future Vietnamese Dong is counted as one of the most popular monetary unit of Vietnam Due to its wide features the currency has carved its niche among various investors travelers and collectors Every country has its own type of currency and has some value attached to it when calculated in the world market The 39Vietnam Dong39 has been the currency of Vietnam since the year 1978 The Vietnamese economy is the fastest and smoothly growing economy today It is great for people who are interested for trade as it provides more profitability to the purchaser however there is always a risk factor associated One can consult various trade analysts and online companies who render their help to people in need This currency is widely available in various forms like banknotes stamps and coins The stamps vary from old age to the modern age With all the factors pointing towards the certainties and uncertainties regarding the economic growth people should trade only when they are satisfied about the currency Also one should not forget the risk associated with trading currencies
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'