[Vnbiz] Vietnam's position on economic issues

[Quach Manh Hao]

Dear anh Hoanh, Craig and friends,

After all what have been seen, what should be done?
Cheers,
Hao
On Tue, Jun 10, 2008 at 12:34 PM, Tran Dinh Hoanh <tdhoanh at gmail.com> wrote:

> [ Vietnam Business Forum ]
>
>
> 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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