News Blog Travel of Typic Travel Agency
Planning a trip to Vietnam? Understanding how to manage your money is crucial. Here’s a comprehensive guide to the Vietnamese dong, safe currency exchange, tipping practices, and effective bargaining.
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HÀ NỘI — After strengthening the US dollar against the đồng over the past few days, commercial banks on Thursday weakened the value of the greenback.
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The country has defied the odds after a slow start to the year and surpassed its own ‘ambitious’ target.
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The economy of Vietnam recorded since the late 1980s, economic growth increasingly assertive, following difficult years due to the Vietnam War. Wars, major expenses of armament and poor planning of the economy have greatly weakened the economy of Vietnam. This however recorded since the late 1980s, the lifting of the US embargo in the mid-1990s, a significant recovery of the economy coinciding with a gradual economic liberalization, like its neighbor China. Since the 2000s, there is more talk of an economic take-off since the real growth rate of GDP going from 4.7% in 2001 to 7.8% in 2007, although it is back down to 6.3% in 2008 and 5.3% in 2009 because of the economic crisis2. However, it rose to 6.8% in 2010.
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