The top three differences between Iraq and Vietnam: Iraq runs on oil but Vietnam runs on manufacturing and trade. About 90% of Iraq’s economy is petroleum…Vietnam on the other hand has Samsung, Apple suppliers, Intel and a bunch of exports that the whole world is buying. Two very different engines for their economies. Iraq has an IMF rate and Vietnam does not…Vietnam’s rate is being managed to keep their exports cheap…IQD could move fast and the Vietnamese dong will likely more slow…Vietnam’s upgrade catalyst is institutional while Iraq is political. :Thom
