[Vnbiz] Vietnam's position on economic issues

[Tran Dinh Hoanh]

Dear and Craig & CACC,

Of course "dollar trading has frozen" at the official rate.  No one trades
at that rate in the market (unless some foreign tourist sell his USD at a
gold shop at the official rate, because he has no idead on what else he can
do).

But rest assured, brother, the dollar trade is alive and well.  At the "free
market" rate, mind you.  (Note: "Free market rate" now would be more
accurately called "black market rate").  However, since the market trade is
no longer "free" and has become "black," you can't see it, Craig.  You're
not in the loop.  But if you give 100 USD to any Vietnamese friend and ask
him to sell it for you at the market price, he would be able to do it for
you.  Even if he is not in the loop, he may know a friend who may know a
friend who is in the market loop.  Please keep in mind, the entire trade was
fully open and free several days ago. It can't disappear that fast.  It just
goes underground temporarily, until the SBV turns a blind eye and allows it
to become "free" again.

I'm still digesting your info on food price.

Have a great day!

Hoanh



-- 
Tran Dinh Hoanh, Esq., LLB, JD
Washington DC
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