Wat do u mean?? u can easily open an FD account online without even going to the bank.

what's the catch?? most probably not a conventional FD.

FD in vietnam has an interest rate of 12-15% p.a. That doesn't means its good coz its currency is depreciating at an amazing rate due to high inflation.

One of the highest FD in the world is Vietnam, now offering rates around 12-14%p.a. The country's inflation rate is also one of the highest, last year at >20%. The currency has since depreciated by 15% compare to RM from the same period last year. Meaning if you open a FD account in Vietnam, by the time it reach maturity and converted back to RM, you almost get nothing. So higher interest rate in other country does not always a good thing for you.

There is always an inter-relationship between interest rate, inflation and currency value. You can try to outsmart it, but at the end you may get nothing or worst loss on the currency exchange. Opening acc in foreign country normally need proof of address and passport only.

This post has been edited by Singh_Kalan: Jul 3 2011, 12:45 AM

Definitely. Current housing price is driven by cheap and easy loan. But as usual housing market are very slow in response to any adjustment. It will be gradual.

This post has been edited by Singh_Kalan: Jul 11 2011, 07:22 PM