Gambling, Culture, Living, Traveling, Food, all things Vietnam and South East Asia

[flyingillini]

How often do banks fail? Seems like this is a crazy interest rate to keep up long term and survive as a bank.

I guess nothing like FDIC means deposits at their banks aren’t fully guaranteed?

Not often. Never heard of anyone ever getting screwed. I stay with the safety of the state banks. I have friends here that have a ton of $ they just sit and collect 9-11% and they often use the riskier banks when they dangle 11-12%. Never had an issue. Việt Nam is it’s own world. However you need to be a resident here and show where the $ came from , tourist can’t come here and open a bank account. I have no worries with banks here. A small # is guaranteed, but not much. But , there are no issues. The range. The lowest I’ve ever seen is 6% highest 14%. Average 8-11%

 

[baz]

Forgot to congratulate you on your award man!!

 

[flyingillini]

How often do banks fail? Seems like this is a crazy interest rate to keep up long term and survive as a bank.

I guess nothing like FDIC means deposits at their banks aren’t fully guaranteed?

Banks told to hold deposit interest rate at 9.5% maximum - VnExpress International

The Vietnam Banks Association (VNBA) has called on local lenders to keep deposit interest rates at 9.5% or below to reduce lending interests and boost economic recovery.

ampe.vnexpress.net

 

[flyingillini]

How often do banks fail? Seems like this is a crazy interest rate to keep up long term and survive as a bank.

I guess nothing like FDIC means deposits at their banks aren’t fully guaranteed?

Banks lower saving interest rates right after Tet

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.

en.vietnamplus.vn

Read this, BaoVietBank is a risky bank but at times putting up 10.3% and as you can see some banks offering 9.5-10% must have at least 3 billion = around 135k, each bank will have different requirements.

 

[slickfazzer]

Great ROI over there ILLINI!

 

[flyingillini]

Great ROI over there ILLINI!

A dream

 

[keithrichard]

Illini do they have income taxes there?Does Vietnam have their own IRS?

 

[flyingillini]

Illini do they have income taxes there?Does Vietnam have their own IRS?

They have taxes on certain things

 

[flyingillini]

Dear United States Government,

I am available for hire. I have been to places you haven’t and know things. I have seen and witnessed places you want to know. The “shan” state is an SEZ in Myanmar where I go. Over 50 illegal unregulated casinos , drug manufacturing , rebels running everywhere and everything. Completely lawless. Was there last week and headed again the 25th. I know information you would dream of. I work by project. Read this. This is my home away from home. Shan state !
Best regards ,

Illini

UN anti-drug agency warns there is no let-up in methamphetamine trade from Asia's Golden Triangle

The United Nations anti-drug agency is warning that the huge trade in illegal drugs such as methamphetamine from Southeast Asia's ‘Golden Triangle’ shows no signs of slowing down. The U.N. Office on Drugs and Crime released a report Friday on synthetic drugs in East and Southeast Asia. The...

apnews.com

 

[BMR Genie]

It is the best part about living here. Of course it ranges but I am spread out between different banks. I get 10% on my money, sometimes banks post 11-12% but haven't seen that in a few years but lots of 9-10.5%. I love getting 10% all day without lifting a finger, there is no FDIC here though, I only use state banks here.

Can a foreigner buy or own a property under their name, Fly?

 

[DiggityDaggityDo]

Illini are you watching Cage Warriors tonight?

Jovidon Khojaev fighting out of Ho Chi Minh City, Vietnam is on the card.

 

[flyingillini]

Illini are you watching Cage Warriors tonight?

Jovidon Khojaev fighting out of Ho Chi Minh City, Vietnam is on the card.

No, but going to the Lion Championships tomorrow in Hanoi, great fights tomorrow and lots of betting.

Liên đoàn Võ thuật tổng hợp Việt Nam

Liên đoàn Võ thuật tổng hợp Việt Nam,VMMAF

vmmaf.org

 

[slickfazzer]

Illini do people bring cash and bet at the fights.

Or online?

 

[flyingillini]

Illini are you watching Cage Warriors tonight?

Jovidon Khojaev fighting out of Ho Chi Minh City, Vietnam is on the card.

My friend is on the card tomorrow here in Hanoi

 

[flyingillini]

Illini do people bring cash and bet at the fights.

Or online?

No , big no no to do it there out in public, everything is done online, .I sit close to people and try to overhear things, I am sure there are fights being fixed. Wild here
Fixes going on

Tags LION Championship - VnExpress International

VnExpress International is a leading source for politics, economic, finance, travel & food from Vietnam and ASEAN.

e.vnexpress.net

 

[flyingillini]

Can a foreigner buy or own a property under their name, Fly?

Sure you can buy apartments not houses. You get ownership for 50 years that can be renewed as many times you want but if you were to keep it you would be dead, you can leave it to family and they can renew it. But most foreigners put it in their wifes name if they are married.

Apartments only you. can buy -
Foreigners are not permitted to buy or possess land in the nation, as they are in most other Southeast Asian countries. The land is a communal property of the Vietnamese people, according to the country's constitution, and is controlled by the state.May 18, 2021

 

[DiggityDaggityDo]

No, but going to the Lion Championships tomorrow in Hanoi, great fights tomorrow and lots of betting.

Liên đoàn Võ thuật tổng hợp Việt Nam

Liên đoàn Võ thuật tổng hợp Việt Nam,VMMAF

vmmaf.org

Nice!

Take pics!

 

[jjgold]

If you buy Apt (USA Resident) do you get citizenship?

 

[flyingillini]

If you buy Apt (USA Resident) do you get citizenship?

Nope. You don’t get any kind of residency at all. All apartment buildings are 30% owned. Foreign investment is huge here. Tours from South Korea , Singapore, Taiwan, Hong Kong etc are big here. Apartment buying tours. The government 4 years ago had to put a 30% max on foreign ownership. They buy for investments and rent them out.

 

[jjgold]

Illini get me a few ounces of weed and bring to Tuscon

I will pay you here