Vietnam Business News

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• Spot gold rallied more than 1% and US gold futures as much as 4% on Tuesday
• Gold stages comeback with aid of weak dollar
• Vietnam’s Bond Yields Fall to Three-Month Low as Inflation Slows
• Here’re the reasons gold prices will rise again
• Industrial parks not necessarily good for economy
• Vietnam cuts credit growth target to 15-17%, m2 to 12%
• Vietnam’s bond yields fall to three-month low as inflation slows
• Vietnam firm pays $2m to free ship
• Vietnam now the aiming point of clean energy investors
• ’Flood’ of Vietnam coffee to scupper price revival

Spot gold rallied more than 1% and US gold futures as much as 4% on Tuesday Posted: 27 Sep 2011 02:16 AM PDT Spot gold rallied more than 1% and US gold futures as much as 4% on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback. Eurozone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, boosting hopes the [...]

Gold stages comeback with aid of weak dollar Posted: 26 Sep 2011 10:29 PM PDT (Reuters) – Spot gold rallied 1 percent on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback. Euro-zone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, boosting hopes the region will be able to staunch a sovereign [...]

Vietnam’s Bond Yields Fall to Three-Month Low as Inflation Slows Posted: 26 Sep 2011 10:03 PM PDT Vietnam's five-year bonds gained the most this month, pushing yields to the lowest level since June, after inflation slowed for the first time in more than a year. The dong was steady. Consumer prices rose 22.42 percent in September from a year earlier, slower than the 23.02 percent gain in August, according to data released [...]

Here’re the reasons gold prices will rise again Posted: 26 Sep 2011 10:00 PM PDT Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts. 1. Physical demand for gold has not been this strong since January. Edel Tully of UBS said in a note to clients that “India stepped up to the plate as gold priced in rupees dropped [...]

Industrial parks not necessarily good for economy Posted: 26 Sep 2011 09:47 PM PDT At a recent economic conference, many experts questioned the wisdom of building so many industrial parks. The trend of building these large facilities nationwide, they said, has caused waste of both capital and land. Dr. Tran Dinh Thien, Deputy of the Vietnamese Institute of Economics, made this opinion clear at the conference, which was held [...]

Vietnam cuts credit growth target to 15-17%, m2 to 12% Posted: 26 Sep 2011 09:46 PM PDT Vietnam lowered credit growth target to 15-17% from previous 20% and money supply (M2) to 12% from 16% as the country is facing highest inflation in Asia, Minister, Chairman of Government Office said at a press conference on Sept 26. This move came out as 9-month economic conditions proved that inflation target of 18% and [...]

Vietnam’s bond yields fall to three-month low as inflation slows Posted: 26 Sep 2011 09:45 PM PDT Vietnam's five-year bonds gained the most this month, pushing yields to the lowest level since June, after inflation slowed for the first time in more than a year. The dong was steady. Consumer prices rose 22.42 percent in September from a year earlier, slower than the 23.02 percent gain in August, according to data released [...]

Vietnam firm pays $2m to free ship Posted: 26 Sep 2011 09:45 PM PDT A Vietnamese shipping firm paid more than $2m in ransom to free its crewmen held for months by Somali pirates, a company executive said on Monday after the sailors arrived home. All 24 Vietnamese crew members landed on Friday at Hanoi’s Noi Bai international airport, Nguyen Truong Son, deputy general director of the Hoang Son [...]

Vietnam now the aiming point of clean energy investors Posted: 26 Sep 2011 09:45 PM PDT Lacking energy and wishing to develop clean energy sources, Vietnam has become the attractive destination for foreign clean energy investors. When announcing the project to build a solar panel factory in HCM City in March, the US First Solar group aims to make more profits with the low-cost solar cell technology, about 78 cent per [...]

’Flood’ of Vietnam coffee to scupper price revival Posted: 26 Sep 2011 09:44 PM PDT The return of coffee futures to gains on Monday, rebounding from losses of some 20% this month, may prove short-lived, as Vietnamese supplies “flood” the market, and South American producers sell. Rabobank forecast price falls in the range of soft commodities, foreseeing raw sugar falling to 22.0 cents a pound by the April-to-June quarter next [...]

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