Thomson Medical Centre

[kazukirai]

Problem with Vietnam is the devaluation of the Dong. Your investments and earnings got a hit from time to time, mine does.

Hey edragon,

That's really true. The devaluation of the Dong is a big problem for Vietnam. Case in point, I actually got some Dong from my relative who was there on holiday last year. This year in May when I was there, some of the smaller notes were already rendered obselete.

The Vietnamese themselves have no confidence in the currency as I've heard anecdotes from my Vietnamese friends about how they take their monthly wages each month and convert it into USD or Gold the very next day. It doesn't help that there are conspiracy theories of how the government annouces that they will be moving the city center from one area to another area in order to jack land prices up which they subsequently sell to would-be investors.

Ok, before this gets off-tangent, the moral of the story is that macro-risks in Vietnam abound and this is be a risk that TMC has to take in going abroad.

TMC could possibly hedge the Dong risk by doing what the Vietnamese do?