Vietnam Gold Market News
State Bank denies that 1000 tons of gold is kept among people
Regarding the information that about 1000 tons of gold and five billion dollars are being kept by the public, the Governors document provided the figures ont the gold imports and exports in the period from 1998 to September 2010.
How much gold kept among Vietnamese people?
The information about the 1000 tons of gold imported in the last 20 years was released by Le Duc Thuy, former Governor of the State Bank of Vietnam, now Chair of the National Finance Supervision Council. The head of the council did not confirm the existence of 1000 tons of
Gold may climb to 33 million dong per tael
Huynh Trung Khanh, Member of the Worlds Gold Council and Deputy Chair of Vietnam Gold Business Association, in the recent interview given to Thoi bao Kinh te Saigon, noted that the current gold price has not climbed to its highest peak, and that the price will continue rising towards the
Vietnam Gold Near VND28.2Mln, Dollars Edge Up
On Monday, SJCs bullion golds bid and ask were listed at VND 28.18 million and VND28.24 million/tael this morning, up VND40,000 from last week close. SBJ bullions bid and ask at 10 a.m were listed at VND28.18 million and VND28.20 million/tael. A tael is equal to 1.2 ounce.
Posted in:
Vietnam Gold ,
SJC ,
SBJ ,
Vietnam gold market ,
Vietnam gold price ,
Bao Tin Minh Chau ,
Vietnam forex market ,
USD exchange rate in Vietnam
Gold Settles Above $1,226 on Safe-Haven Buying
Gold rose to a 1-1/2 month high Monday, after gloomy Japanese economic data prompted safe-haven buying by investors worried about the global economy. Silver and platinum group metals, whose prices usually reflect economic sentiment because of their industrial uses, rose with gold. A sharp drop by the dollar also boosted
The price of gold in Vietnam dropped by VND250,000 a tael (1.2 ounces) over the previous day on July 28 after the global price lost 1.7 percent. Saigon Jewelry Co. bought the metal at VND27.7 million and sold at VND27.77 million.
Posted in:
Vietnam dollar exchange rate ,
Vietnam euro exchange rate ,
Sacombank Jewelry Company
Gold Ends Below $1,197 as Investor Confidence Rises
Global equities rose to their highest in seven trading sessions, while Wall Street extended its winning streak on stronger-than-expected retail sales in June, which helped reinforce confidence in the upcoming quarterly reporting season.
Gold Pushes Higher, Ends Above $1,198
Golds technical losses were viewed as therapeutic, shaking out players with weak long positions and dropping prices to levels where fresh demand could emerge after the precious metals June 21 rise to record highs, analysts said.
Vietnam gold surges; dollar trades at VND19,000 again
Most gold shops bought the metal at VND28.45 million and sold at VND28.5 million. The bullion market remained subdued because most investors were waiting for a new wave of movement within the market.
Vietnam Gold Drops VND400,000/Tael, Dollar Unchanged
Bid and ask of Thang Long bullion gold, a product of Bao Tin Minh Chau gold, were listed at VND28.27 million and VND28.37 million a tael; while SJC bullion bid and ask were listed at VND28.28 million and VND28.37million/tael in todays morning.
Popular Vietnam Business News
Vietnam profit growth nearly 70 percents
The earning per share (EPS) of the market is estimated to rise 58.4% this year, higher than 53% in 2007 and -39.8% in 2008. The P/E ratio will stand at
An upmarket office tower to take shape in Hanoi
The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of
Gold association wants import restrictions lifted
The Vietnam Gold Business Association will request the government to remove restrictions on gold imports so that they are determined by local supply and demand, an official said. Gold should
Vietnam to Receive More Overseas Remittance This Year
Local financial experts and bankers shared a common consensus that Vietnam will receive a higher level of overseas remittance this year than the last year. Financial experts and bankers all
Optimism and caution at Vietnam investment summit
The Vietnamese Investment Summit 2010, which ended on Wednesday in Ho Chi Minh City, focused on the countrys economic strengths-providing potential investors and business people with a forum for discussion,
Manpower export: long-term vision a need
ASEAN economies are resuming very strongly, especially in Thailand, Singapore and Malaysia. This is very impressive because six months ago, nobody had that hope. Now it is important to maintain
Low-cost apartments selling slowly
Most of real estate developers now have shifted to developing low-cost apartment projects, because they believe that low-cost apartments will sell better than high-end apartments. Analysts also said that the
Opens the way for the growth of drug production in Vietnam
Domestic and foreign investors for the production of drugs call opens the way for the growth of drug production in Vietnam. The Ministry of Health (MoH) is calling for domestic
Advertisement