Vietnam Business News

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• Price of gold and silver continued to drift lower on Friday
• Gold set for its largest monthly decline since January
• Gold gained as much as 0.9 percent to $1,754.93 an ounce, silver rose 0.8 percent to $36.1550 an ounce
• Deposits flowing to Vietnam gold market
• Gold, silver tumble in broad market sell-off
• Gold heads for third week of decline in global market
• Silver prices tumbled and gold dropped to one-month lows on Friday
• Gold fell by VND300,000 a tael on September 22 as global price fell
• Japanese, South Koreans take new move to advance towards Vietnam
• Japanese firm to help improve acerola breeding in Vietnam

Price of gold and silver continued to drift lower on Friday Posted: 23 Sep 2011 02:00 AM PDT Prices of precious and base metals continued to drift lower on Friday in European trading hours, though selling was not as extreme as the prior, brutal session. Gold futures for December delivery fell $2.30 to $1,739.40 an ounce in electronic trading after settling around $1,741.70 on Thursday. The dollar index , which measures the U.S. currency against [...]

Gold set for its largest monthly decline since January Posted: 23 Sep 2011 12:59 AM PDT Gold fell by more than 3 percent on Thursday, set for its largest monthly decline since January, after the Federal Reserve’s move to boost U.S. growth lifted the dollar, which battered thecommodities complex. Adding to the pressure was a key gauge of Chinese manufacturing that showed a third consecutive month of contraction, which sent palladium [...]

Gold gained as much as 0.9 percent to $1,754.93 an ounce, silver rose 0.8 percent to $36.1550 an ounce Posted: 23 Sep 2011 12:58 AM PDT Gold rose for the first day in three, paring its worst weekly performance in more than four months, as concern the world economy will falter stoked demand for haven investments. Immediate-delivery gold gained as much as 0.9 percent to $1,754.93 an ounce, and traded at $1,745.75 at 10:50 a.m. in Singapore. The metal is down 3.6 [...]

Deposits flowing to Vietnam gold market Posted: 23 Sep 2011 12:55 AM PDT Apart from inflowing into large commercial banks, deposits are seemingly heading for the Vietnamese gold market, according to Dau Tu (Investment) newspaper. It is the surging inflation together with unappealing interest rates as previously that has provoked idle capital to reconsider carrying on with current deposits or investing in gold, real estate and securities. It [...]

Gold, silver tumble in broad market sell-off Posted: 23 Sep 2011 12:55 AM PDT Gold fell $66.40, or 3.7 percent, to finish at $1,741.70 an ounce on Thursday. Silver, a precious metal that has wider demand for industrial production, plummeted $3.89, or 9.6 percent, to $36.58. Analysts said that much of the selling was driven by margin calls for hedge funds and other big investors. “We’re seeing hedge funds [...]

Gold heads for third week of decline in global market Posted: 23 Sep 2011 12:52 AM PDT Gold rebounded from Thursday’s drop of 2.6 percent but is headed for a third straight week of decline as investors worried over slower growth prospects sold the precious metal after losses in the equities and commodities markets. FUNDAMENTALS * U.S. gold futures GCcv1 were at $1,749.20, up 0.4 percent by 0059 GMT, but traded below [...]

Silver prices tumbled and gold dropped to one-month lows on Friday Posted: 23 Sep 2011 12:41 AM PDT Silver prices tumbled and gold dropped to one-month lows on Friday, amid a sell-off in commodities as fear heightened that the global economy could plunge back into a recession. The base metals complex tumbled, led by a 13 per cent loss in the London tin . Asia’s stock market also slid and emerging market currencies fell [...]

Gold fell by VND300,000 a tael on September 22 as global price fell Posted: 22 Sep 2011 09:55 PM PDT The price of gold in Vietnam fell by VND300,000 a tael (1.2 ounces) over the previous day on September 22 as global price receded to around $1,775 an ounce. Sacombank Jewelry Company bought gold at VND46.66 million and sold at VND46.84 million at 11:10 am local time. Saigon Jewelry Company, the biggest gold processor and [...]

Japanese, South Koreans take new move to advance towards Vietnam Posted: 22 Sep 2011 09:49 PM PDT The moves taken by Japanese and South Korean investors show that they are planning to make heavier investments in Vietnam, both through direct investment projects and merger and acquisition (M&A) deals. Japanese making a new investment wave Yoshida Sakae, Managing Director of the Japan External Trade Organization (JETRO) in HCM City, told Thoi bao Kinh [...]

Japanese firm to help improve acerola breeding in Vietnam Posted: 22 Sep 2011 09:48 PM PDT Nichirei Corp. will establish a research farm for acerola, a fruit rich in vitamin C, in southern Vietnam by April 2012 to help increase local supplies to beverage producers. The research farm will be set up in Tien Giang province and run by a joint venture between Nichirei, which owns an 83 percent stake, and [...]

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