Quote:
Originally Posted by Hurricane88
Sorry lor...in Vn, gold is king...gold can buy you everything and anything in Vn...last few years Vn used to buy house using gold and only recently started to use Vn Dong... 
There are alot of fake or inferior diamonds in Vn...so lost it's shine over there... |
To a certain extend, diamonds with gold ( i mean diamoind rings) are still quite popular there. To have a gold ring is good, to have a diamond ring is even better.
Most properties transactions are calculated by using taels of gold. Even till now, they still calculate the price by using taels of gold. Vietnam Dong is not so widely used for properties as its value fluctuates greatly and if buyer pays in Vietnam Dong, the seller will be very worried to receive possible fake Vietnam Dong notes. Vietnam dong is used more frequently in small plots of land sales in the province. Whereas in the city, most of the newly built condos are sold in US$.
