What is the forecast for the Vietnamese dong?
Fitch Solutions have revised its 2021 average forecast for the Vietnamese dong to VND22,900 per US dollar from VND23,000 per US dollar previously and VND22,800 per US dollar from VND23,200 per US dollar in 2022 as the central bank tolerates a stronger dong over the short term.
FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year.
Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong.
Since 2010, Vietnam's currency has appreciated, and since 2015, the government has kept the Vietnamese dong (VND) stable in real terms against the dollar. The sharp improvement in Vietnam's bilateral and overall trade balance is due largely to rising labor costs in China and trade frictions between the USA and China.
Currently, there are banknotes of 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000 y 500,000 Vietnamese dongs.
Vietnamese Dong Price Prediction for 2022
As of the end of 2022, Vietnamese Dong price predictions are mostly pessimistic, predicting a decline to $0.00004 (PricePrediction.net) and even lower, down to $0.000036 (according to WalletInvestor) by the end of 2022.
Vietnam began to trade with the broader world, but their economy was still in shambles. Then came the dissolution of their strongest ally, Soviet Russia, in 1991. Vietnam continued to struggle, and as a result, their currency plummeted in value.
Below you can find the average prices for street-view houses in different districts, reported by Batdongsan.com.vn: District 1: VND 490 million (USD 21,120) / square meter. District 3: VND 314 million (USD 13,534) / square meter. District 10: VND 261 million (USD 11,250) / square meter.
The average home in Vietnam costs approximately $4,500. Monthly rent varies, but the average cost is about $650, and this price often includes utilities.
How much is a Coke in Vietnam?
| Meal in a cheap restaurant | 50,000 VND (25,000-100,000) |
|---|---|
| Imported Beer (0.33 liter bottle) | 43,000 VND (25,000-80,000) |
| Coke/Pepsi (0.33 liter bottle) | 11,000 VND (9,600-20,000) |
| Water (0.33 liter bottle) | 7,000 VND (5,000-15,000) |
| Cappuccino (regular) | 39,000 VND (20,000-60,000) |
- 1 day of bicycle rental.
- 2 Vietnamese coffees with sweet condensed milk.
- 15 minutes of air time on a Mobifone sim card.
- 1 bowl of pho bo.
- 1 small load of laundry.
- 250 grams of candied ginger.
1. Venezuelan Bolivar- The Weakest Currency Of The World. The Venezuelan Bolivar ranks as the weakest currency of the world with some of the highest exchange rates.
In Vietnam, USD $100 Can Get You:
15-18 nights in a budget hotel, or 5-8 nights in a three-star accommodation in Hanoi. 15-20 mid-priced restaurant meals. 1 one-way trip from Hanoi to Da Nang via Livitrans luxury train.
- And there are many more things you can buy for $1 in Vietnam:
- A cup of coffee.
- 1 cup of fruit smoothie or sugarcane juice.
- 1 A loaf of Vietnamese Baguette.
- A Conical Hat (Non la)
- Some Vietnamese Stamps.
In recent years, the exchange rate of Vietnam Dong to US Dollar is between VND 22,500 to 23,500.
...
Vietnamese Currency Converted to US Dollars.
| Vietnam Dong (VND) | US Dollars ($) |
|---|---|
| 100,000VND | $4.30 |
| 50,000VND | $2.20 |
| 20,000VND | $0.85 |
| 10,000VND | $0.43 |
SafeDinar.com has been proudly offering exchange services for the Vietnamese Dong (VND) for many years. If you would like to buy or sell VND, you have come to the right place: A 12-year exchange service with a spotless A+ BBB rating.
VND is the abbreviation of Vietnam's national currency, the Vietnamese đồng. VND is managed by the State Bank of Vietnam through a crawling peg to the U.S. dollar. The word đồng is used in Vietnamese to describe any money or currency generically, and so the national currency must always specify Vietnamese đồng.
Key Takeaways
A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. Ultimately, Iraq ended up devaluing its currency in 2020, meaning that anyone who had invested in 2014 would have lost at least 20% of their money.
Is $100 a lot of money in Vietnam?
In Vietnam, USD $100 Can Get You:
15-18 nights in a budget hotel, or 5-8 nights in a three-star accommodation in Hanoi. 15-20 mid-priced restaurant meals. 1 one-way trip from Hanoi to Da Nang via Livitrans luxury train.
- And there are many more things you can buy for $1 in Vietnam:
- A cup of coffee.
- 1 cup of fruit smoothie or sugarcane juice.
- 1 A loaf of Vietnamese Baguette.
- A Conical Hat (Non la)
- Some Vietnamese Stamps.
The average home in Vietnam costs approximately $4,500. Monthly rent varies, but the average cost is about $650, and this price often includes utilities.
