Vietnam Business News |
- Gold price escalating, Hanoians rushing to sell gold
- Gold exports bring trade deficit down but not for long
- Gold tops new high in Vietnam
- Investors complain about late payment of dividends
- VN Index loses 1pct to 415pts
- Vietnam businesses fight anti-dumping cases in EU
- Vietnam’s retail market attractive to foreign businesses
- Dong A bank posts vnd676bln pretax profit in jan-jun
- Ministries to hold property forum
- Domestic gold price hits all-time high
| Gold price escalating, Hanoians rushing to sell gold Posted: 15 Jul 2011 12:39 AM PDT The gold price yesterday surged to the highest peak in the history to 38.6 million dong per tael. Meanwhile, goldsmith companies reported a sharp increase in the volume of gold sold by people. Not only small investors, but big speculators also rushed to sell gold yesterday on July 13, to take profits. Goldsmith companies and [...]
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| Gold exports bring trade deficit down but not for long Posted: 15 Jul 2011 12:38 AM PDT “Significant gold export in June might not have had such a big impact on narrowing the trade deficit,” Phan Van Chinh, head of the Ministry of Industry and Trade’s Export – Import Department, told the Thoi bao Kinh Te Vietnam (Vietnam Economic Times) This has helped reduce the overall trade deficit for the first six [...]
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| Posted: 15 Jul 2011 12:37 AM PDT The price of gold in Vietnam jumped to above VND39 million a tael (1.2 ounces), an all-time high, on July 14 as global price continuously advanced to head for US$1,600 an ounce. Sacombank Jewelry Company purchased gold at VND39 million and sold at VND39.06 million as of 9:15 am local time. Saigon Jewelry Company bought [...]
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| Investors complain about late payment of dividends Posted: 15 Jul 2011 12:37 AM PDT A lot of investors have recently complained about the delay in receiving dividends for 2010 from many enterprises including VNG, KSS, KSD, Vung Tau Tourist, etc. Those who already made the first dividend payment have missed the second and the list includes PVI, TNG, etc. Some as Saigon – Nghe Tinh Beer Joint Stock Company [...]
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| Posted: 15 Jul 2011 12:36 AM PDT VN Index today Friday July 15 ended this week with a fall of 4.19 points or 1 percent to 414.74 pts. The trading value saw the lowest level in recent four sessions with only 378 billion dong for 19 million units being transferred. At the closing time, STB led the list of matching order trade [...]
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| Vietnam businesses fight anti-dumping cases in EU Posted: 15 Jul 2011 12:34 AM PDT New progress as well as the impacts and influences of anti-dumping and anti-subsidy policies on export goods to the European Union (EU) were discussed at a seminar in Hanoi on July 7. The seminar was part of the Vietnam Chamber of Commerce and Industry (VCCI) international trade policy and business programme, within the framework of [...]
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| Vietnam’s retail market attractive to foreign businesses Posted: 15 Jul 2011 12:34 AM PDT E-Mart, a leading retailer in the Republic of Korea (RoK), has officially set foot in the Vietnamese market with a joint venture contract with the Binh Duong-based U&I Group to set up a supermarket chain with a total investment of over 1 billion USD. The event shows that the Vietnamese retail market is still attractive [...]
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| Dong A bank posts vnd676bln pretax profit in jan-jun Posted: 15 Jul 2011 12:33 AM PDT Dong A Bank posted a pretax profit of VND676 billion in the first six months, meeting 52% of year target, said the unlisted lender on its website. As at June 30, the lender generated total assets of VND62.759 trillion, up 1.54% on month and meeting 89.6% of year-target; total deposits of VND 55.189 trillion, meeting [...]
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| Ministries to hold property forum Posted: 14 Jul 2011 10:40 PM PDT Viet Nam Real Estate and Construction Investment Forum will be held in Ha Noi on August 26 by the Ministry of Planning and Investment (MPI) and the ministries of construction, transport, industry and trade. The forum will gather 500 delegates from domestic and foreign companies and policy-making bodies to discuss challenges and sustainable solutions for [...]
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| Domestic gold price hits all-time high Posted: 14 Jul 2011 10:39 PM PDT The domestic gold price yesterday scored a lifetime high of VND39.07 million (US$1,895) per tael, driven by a dramatic surge on the back of euro debt woes. Major gold dealers such as Sai Gon Jewellery (SJC), Bao Tin Minh Chau (BTMC), Agribank Gold and the Jewellery Co (AJC), the Sacombank Jewellery Co (SBJ), the Phu [...]
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