Vietnamese Dong (VND) currency, (stellarprojectsrussia.com) Issuser Address: GARJCEBOEEJOVFXKBPKKM7JMZ4D4WFJYW2IZIIM7CBGM2UEU6LPE3SKC ICO On 23/08/2023 CB:60,000%
Project Aurora asset
The Vietnamese monetary system began in 1946 when Vietnam declared independence from French colonial rule, although the division between North and South Vietnam spilled over into the financial system, separating the currency into 2 Dongs until 1975 when Vietnam was reunified under Communist rule
In 1986, Vietnam launched its Renovation policy, transitioning to a Socialist-oriented market economy, bringing economic reforms, trade liberalization, and significant foreign investment, resulting in a unified Vietnamese Dong (VND) being reintroduced and efforts made to stabilize the currency, control inflation, and increase VND value
Throughout its history, VND has undergone multiple revaluations and redenominations to address hyperinflation and currency instability:
- 1951 @ 100:1
- 1959 @ 1,000:1
- 1985 @ 10:1
- 2003 @ 10,000:1
These changes unfortunately wiped out peoples' savings and caused 775% inflation, resulting in VND becoming the 3rd lowest valued currency
Nonetheless, with its robust exports market, political stability, low wages, and low cost of living, Vietnam has become the new economic powerhouse of SouthEast Asia (https://youtu.be/NhMRsjBNnME) boasting:
- 8% GDP
- $372 billion exports
- $22 billion foreign investment capital received
- manufactures 60% of Samsung Galaxy series
- transitioned 50% of state-owned enterprises into private companies
- 2nd highest ASEAN Human Capital Index
- shifted from agricultural economy to electronics and machines (https://t.me/QuantumStellarInitiative/27921)
- record low poverty and unemployment rates
VND is backed by the country's mineral resources (https://t.me/QuantumStellarInitiative/27920)
Stellar Humanitarian Wealth Transfer:
? Passive Income Assets (https://t.me/QuantumStellarInitiative/22968)
? Project Aurora & Ukaz (https://t.me/QuantumStellarInitiative/21777)