Vietnam Dong

Wet grey you only get when a southwest monsoon is pulling back its claws.

I am sitting on the balcony of my modest flat, a one-bedroom space that costs me about 4 million Dong a month, watching the steam rise off the concrete.

If you are thinking of moving up here from the Mekong Delta like I did, let me tell you.

The temperature drops, but the humidity stays with you, clinging to your skin like a second shirt.

It is fascinating, but what strikes me most is the scale.

This is an industrial agricultural powerhouse disguised as a highland retreat.

After the museum, I head to AKO Dong Raid Village.

It is a short ride on the back of a rented motorbike, navigating the quieter wards where the flooding is less severe.

Chase reportedly processed a massive exchange Monday at over $8.

Wells Fargo contacts supposedly told TNT that meetings are scheduled for today, Tuesday, with Dinar priced at $6.47 and Dong at $3.

And TNT's three-letter agency contact says the rate went live Sunday night and that this should be the last call before the 800 numbers come out.

There's also chatter about a Venezuelan Bolivar note showing $999.99 on a bank website being passed around as a sign the exchange is close.

That would mean the infrastructure is live, the bank has authorization, and the whole wait-for-an-announcement posture goes out the window.

Same with the Wells meetings.

If Wells Fargo is internally briefing staff today on Dinar at $6.47 and Dong at $3, that's not speculation, that's operational preparation.

And contractor payments at Fort 28 would be the Iraqi government itself paying obligations in revalued currency, which is the single cleanest verification we could ask for.

The dong? The dong.

D-O-N-G? Yep.

Dong? Yep.

And let's just leave that right there, Bill.

That's been the process from the start, and it's a real reason to trust what you're hearing.

So yesterday's episode, we were watching that weekend revaluation window, the eight currency claims saying the Dinar and Dong should show new numbers by Sunday or Monday.

Here we are Monday morning and the rate screens are right where they were.

No notifications went out that we've seen no confirmed rate changes, nobody waking up to 800 numbers in their inbox.

The chatter this morning says eight new currencies, including Iraqi dinar and Vietnamese dong, will hit the forex either Friday, Saturday, or possibly Sunday.

That's yesterday, today, or tomorrow.

We checked publicly available Forex platforms this morning and saw no verified live rates for Dinar or Dong above the current program levels.

If eight currencies genuinely went live on major exchanges, we'd see it.

As of Saturday morning, we don't.

We can't confirm the rate changes on any date, but the structural gates keep clearing and the claims keep pointing the same direction.

On the Dong, Vietnam participated in United Nations sideline meetings this week as part of the General Assembly.

No public announcements came out of those meetings regarding currency policy or exchange rate changes.

Banking in Vietnam is operating normally, and we have no independent confirmation of any rate movement.

Definitely.

For under 100,000 Vietnamese Dong.

And then maybe get a souvenir too.

What about some Arc'teryx? Some Arc'teryx? Yeah.

Just to be clear on vocabulary, a redemption center in this community means a bank that will be participating in the currency exchange.

Some banks are expected to handle Dinar, Dong, and Zim conversion.

Some are not.

Whether Zim really can only be exchanged at certain institutions, whether contract rates genuinely exist, all of that is unconfirmed.

Thanks to its novelty and its appeal to the psychology of customers who hold gold as a long-term store of value.

According to the information made public, customers who own gold can sell it to a designated gold trading entity in exchange for Vietnamese dong and then use that amount to pay for real estate.

More notably, in certain cases, customers are also guaranteed the option to buy back an amount of gold equal to 106% or 110% of their original gold holding.

if they resell the property back to the company after a specified period of time commercially speaking this is a creative idea that links two asset classes especially favored by vietnamese people gold and real estate from a legal standpoint however this policy raises a whole series of questions relating to the management of gold trading activities monetary policy, foreign exchange law, banking operations, and the limits placed on how real estate companies may design financial products.

Gold is not a legal means of payment in Vietnam.

One of the foundational principles of Vietnam's monetary legal system is that within Vietnamese territory, the Vietnamese dong is the sole legal means of payment, except in special cases permitted by law.

Decree No. 24-2012-NDCP on the Management of Gold Trading Activities As amended and supplemented by Decree No. 232-2025, NDCP clearly provides that using gold as a means of payment constitutes a violation of the law.

At the same time, the Ordinance on Foreign Exchange also requires that transactions, payments, quotations, price listings, and the recording of obligations within Vietnamese territory be carried out in Vietnamese Dong.