| View previous topic :: View next topic |
| Author |
Message |
Mattingly
Joined: 03 Jul 2008
Posts: 249
|
 Posted: Thu Apr 28, 2011 8:42 am Post subject: |
 |
|
| spycatcher reincarnated wrote: |
If you put 9 million VND in at 14% for 3 months I would imagine they would calculate as follows:
9,000,000 VND x 0.14 interest rate /12months x 3 months= 315,000 VND payable when it matures in 3 months� time |
Thanks for the equation.
You note that I may have a "current account" that gets little or no interest.
I'll check with my bank, but I remember having 2 accounts (with ANZ) when I signed up with them.
1. the ATM smart card account
2. the saving account.
The savings account had the 3-month, 6-month and 1 year chart with a percnetage rate. Back then about 7 months ago it was 9.99%.
I'll check. Thanks. |
|
| Back to top |
|
 |
I'm With Stupid
Joined: 03 Sep 2010
Posts: 432
|
| Posted: Thu Apr 28, 2011 8:47 am Post subject: |
|
|
| spycatcher reincarnated wrote: |
| NB: I admit that we have probably lost money over the last year, but I am looking forward so the 9% devaluation (which I believe was really a 7% devaluation because the trading range was altered as well) is not relevent to my argument. In your argument I agree that you can take the 9% off the 14% to get to 5%, but can't see how you can also add 9% to the 3% as well. You can't have it both ways. Anyway I think there may have been more than 1 devaluation over the last year. |
Ah yeah, I think you're right. Maths isn't my strong point. The spending power of any USD savings is likely to increase as long as currency devaluations continue. The question then is whether 3% plus all of the devaluations in a year are worth more than 14% VND savings interest you're getting on VND. How much has it fallen over the past few years, because I've read books printed not that long ago quoting exchange rates of 15000 per dollar? |
|
| Back to top |
|
|
spycatcher reincarnated
Joined: 19 May 2005
Posts: 236
|
| Posted: Thu Apr 28, 2011 9:08 am Post subject: |
|
|
This can be used to get an indication of the last 5 yrs exchange rate:
http://www.oanda.com/currency/historical-rates/
but note that I believe they use the official rate of the state bank of Vietnam, which over the last few years has had a trading range of between 1 and 5% so the numbers aren't hugely accurate. IE as I remember the VND was very close to 16,000 for a few years. This chart doesn't really show this. |
|
| Back to top |
|
|
Jbhughes
Joined: 01 Jul 2010
Posts: 254
|
| Posted: Thu Apr 28, 2011 5:08 pm Post subject: |
|
|
| I remember the conversion being 16 or slightly less than 16k in the 3rd quarter of 2008. Not fully up with the rest of the conversation, just remember 16k for dong 4k for riel and 8k for kip being a good rule of thumb when travelling around at that time. Incidentally, the price of a large water was always an indicator and in country villages I can stilll get water for 5k - cheaper than back then (VND & USD!) |
|
| Back to top |
|
|
Marmaduke
Joined: 12 Dec 2010
Posts: 7
|
| Posted: Fri Apr 29, 2011 2:45 pm Post subject: |
|
|
Someone mentioned potential problems with arriving in Vietnam on a one way flight. I came here a month ago with a one way ticket and had no problems from the men in green. In fact, TSN is one of the more relaxed international airports I've been through.
As for accommodation, there are any number of guesthouses which are happy to arrange monthly rents while you set up. Where I am in D1, there are very basic fan rooms going for $200/month, rising to $300 and $350 for much larger rooms with AC. A friend's just rented a 3 bedroom flat in a modern building for about $550 a month on the border of D1 & D5.
I can't comment on the ease of finding work, because I'm here on a 'suck it and see' basis while I get paperwork organised. But I know a new teacher who's found two jobs in the past month, one for 12 hours a week and I'm not sure of the second. Work's here, but like the other posters have mentioned, might rely on who you know, what you know and what you look like. |
|
| Back to top |
|
|
TimkinMS
Joined: 18 Oct 2005
Posts: 86
|
| Posted: Fri Apr 29, 2011 5:53 pm Post subject: |
|
|
| Marmaduke wrote: |
| Someone mentioned potential problems with arriving in Vietnam on a one way flight. I came here a month ago with a one way ticket and had no problems from the men in green. In fact, TSN is one of the more relaxed international airports I've been through. |
It's not about when you ARRIVE in VN.
It's about when you LEAVE.
The airline companies have to legally pay to fly you back if there is a problem with your arrival at immigration.
I don't know where you flew from but consider yourself lucky.
A friend of mine was forced to buy an onward ticket at the counter and he paid a huge price for it, even though he never used it.
I don't like the rule, but it is something we now have to deal with. |
|
| Back to top |
|
|
haller_79
Joined: 09 Mar 2007
Posts: 145
|
| Posted: Sat Apr 30, 2011 2:59 am Post subject: |
|
|
| Quote: |
Marmaduke wrote:
Someone mentioned potential problems with arriving in Vietnam on a one way flight. I came here a month ago with a one way ticket and had no problems from the men in green. In fact, TSN is one of the more relaxed international airports I've been through.
It's not about when you ARRIVE in VN.
It's about when you LEAVE.
The airline companies have to legally pay to fly you back if there is a problem with your arrival at immigration.
I don't know where you flew from but consider yourself lucky.
A friend of mine was forced to buy an onward ticket at the counter and he paid a huge price for it, even though he never used it.
I don't like the rule, but it is something we now have to deal with. |
Although I don't reccomend flying on a one way to VN I myself have done it. As the above poster mentioned the issue seems to be at your country of departure. After a bit of deliberation my airline asked me to show them a credit card and that was deemed sufficient to allow me to board. Wouldn't do it again though. |
|
| Back to top |
|
|
LettersAthruZ
Joined: 25 Apr 2010
Posts: 466
Location: North Viet Nam
|
| Posted: Sat Apr 30, 2011 5:10 pm Post subject: |
|
|
| I don't know! Honestly?? I have flown into Da Nang, Ha Noi and Ho Chi Minh City from outside the country about 7 times in the last 18 months.....NEVER had any issue coming in without a return leg flight ticket!! PLUS, I have no work permit / residence permit, soooo...... |
|
| Back to top |
|
|
tefl peasant
Joined: 09 Oct 2010
Posts: 132
|
| Posted: Sat Apr 30, 2011 5:33 pm Post subject: |
|
|
| LettersAthruZ wrote: |
| I don't know! Honestly?? I have flown into Da Nang, Ha Noi and Ho Chi Minh City from outside the country about 7 times in the last 18 months.....NEVER had any issue coming in without a return leg flight ticket!! PLUS, I have no work permit / residence permit, soooo...... |
The QUESTION is WHERE did you fly from?
Oz? |
|
| Back to top |
|
|
LettersAthruZ
Joined: 25 Apr 2010
Posts: 466
Location: North Viet Nam
|
| Posted: Sat Apr 30, 2011 10:58 pm Post subject: |
|
|
What do you mean by "Where did you fly from"??
- My ORIGIN POINT at the beginning of the trip where I first got onto the plane BEFORE I got to the layover point / hub airport??
OR
- The country I departed from at the layover point / hub airport IMMEDIATELY BEFORE LANDING in Viet Nam?
e.g. - Let's pretend that I am Spanish and live in Spain. I bought the entire one-way ticket. I get on a flight in Madrid going to Warsaw, Poland. THEN, after a two-hour layover, I take a flight from Warsaw to Ha Noi!! SO, are you asking if I was flying from SPAIN (see example one) or POLAND (see example 2)???
Either way, immigration for the Visa On Arrival OR the airline counter in the departure nation never ever asked to see a credit card or a return ticket.....not once!! |
|
| Back to top |
|
|
yogurtpooh
Joined: 26 Oct 2010
Posts: 85
|
| Posted: Sun May 01, 2011 3:28 am Post subject: |
|
|
| what airlines did you use? I've been told that some airlines will hassle one way departing flyers... at least in America. |
|
| Back to top |
|
|
tefl peasant
Joined: 09 Oct 2010
Posts: 132
|
| Posted: Sun May 01, 2011 4:18 am Post subject: |
|
|
| LettersAthruZ wrote: |
What do you mean by "Where did you fly from"??
- My ORIGIN POINT at the beginning of the trip where I first got onto the plane BEFORE I got to the layover point / hub airport??
OR
- The country I departed from at the layover point / hub airport IMMEDIATELY BEFORE LANDING in Viet Nam?
|
Yawn.
From where you originally left from. This is when the airlines often (but not always) ask (demand) that you provide proof of a round trip ticket or onward ticket. |
|
| Back to top |
|
|
LettersAthruZ
Joined: 25 Apr 2010
Posts: 466
Location: North Viet Nam
|
| Posted: Sun May 01, 2011 6:57 am Post subject: |
|
|
| tefl peasant wrote: |
Yawn.
|
Sorry...had no clue my requests for clarification on a rather vague question were so interesting.....
| tefl peasant wrote: |
| From where you originally left from. This is when the airlines often (but not always) ask (demand) that you provide proof of a round trip ticket or onward ticket. |
Well...less see here, I've come into Viet Nam on a one-way ticket departing from a point-of-origin of India, Malaysia, Thailand, Singapore, The U.S.A. and Ireland.......
.....on NONE of the aforementioned occasions has it been "demanded" of myself that I show proof of any sort of onward journey or return ticket! The only thing airline personnel have stated to me was a request to just show us the V.O.A. approval letter or the visa itself and it's happy trails to you!
.....these experiences have occurred on both, Viet Nam flagged aircraft and on foreign flagged aircraft.
I dunno....maybe they just don't like you?  |
|
| Back to top |
|
|
yogurtpooh
Joined: 26 Oct 2010
Posts: 85
|
| Posted: Tue May 03, 2011 6:25 pm Post subject: |
|
|
| what airline did you use to fly out of the US? |
|
| Back to top |
|
|
LettersAthruZ
Joined: 25 Apr 2010
Posts: 466
Location: North Viet Nam
|
| Posted: Wed May 04, 2011 7:32 am Post subject: |
|
|
| China Air: Los Angeles to Taipei, Taipei to Ha Noi. No hassles..... |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
