How The Foreign Laundromat Trashed the U.S. Economy

Economics / US Economy Apr 02, 2011 - 05:39 AM
By: Andrew_Butter

I was looking at Vietnam recently. Apparently the streets are paved with gold and so I’m going over next week to check that out, but I’m getting more confused by the minute.

On one hand (supposedly) FDI is pouring into Vietnam, on the other hand, you read in the Financial Times that the Vietnamese are sending their gold jewellery to Switzerland to be melted down and turned into ingots to be stored in a vault (outside Vietnam). Or converted into a “hardâ€