Sandy Ingram – Dinar Guru While the sharp rise in the VND against the US dollar is not expected in the immediate future, there is cautious optimism for long term appreciation. The likely scenario is a slow and controlled strengthening of the dong driven by strong economic fundamentals, increase in foreign investment and potential changes in US monetary policy. Investors watching the Vietnamese market should watch long term trends rather than short term speculation. In other words, hold on to your VND and your IQD.