Vietnam Business News

---

• Gold prices in Vietnam are controlled by the big enterprises
• Gold reverses losses, up 1 pct as jewellers buy
• Local gold price dropped by 300,000-500,000 dong/tael from yesterday
• Experts Say Securities Price Downward Trend Will Continue
• US dollar price on free market regains 50 dong to 21300 dong
• EU meat producers target Vietnam
• PetroVietnam posts high profit
• Southern hub projects hit brick wall
• Port is left in a storm
• Etihad has codeshare agreement with Vietnam Air

Gold prices in Vietnam are controlled by the big enterprises Posted: 29 Sep 2011 12:56 AM PDT The domestic gold prices are believed to be controlled by the big enterprises which are holding the biggest market share. Especially, the price in the Vietnamese market is 4.4 million dong per tael higher than the world market. The domestic gold market earlier this week witnessed a highly volatile trading session when the quoted prices [...]

Gold reverses losses, up 1 pct as jewellers buy Posted: 29 Sep 2011 12:05 AM PDT (Reuters) – Gold jumped 1 percent on Thursday as jewelers rushed to buy after prices dropped early in the session, but declines in other markets could cap gains as uncertainty about a resolution of Europe’s debt crisis stoked fears for global growth. Stocks fell in Asia and copper futures dropped more than 5 percent on mounting [...]

Local gold price dropped by 300,000-500,000 dong/tael from yesterday Posted: 28 Sep 2011 11:56 PM PDT Opening the trading session today Thursday September 29, the domestic gold price slipped to below 44 million dong per tael. Yesterday, the State Bank of Vietnam (SBV) allowed enterprises to import more gold to stabilise the domestic gold market. At 8:45 am local time, the local gold price dropped by 300,000-500,000 dong/tael from yesterday. Earlier [...]

Experts Say Securities Price Downward Trend Will Continue Posted: 28 Sep 2011 10:18 PM PDT Financial experts believe that the securities market correction period has not finished yet, and that the securities prices may continue decreasing in the time to come, despite the good factors which back up the market recovery. The stock market unexpectedly witnessed the sharp fall of the VN Index in the last trading session of the [...]

US dollar price on free market regains 50 dong to 21300 dong Posted: 28 Sep 2011 10:12 PM PDT The US dollar on the free market was commonly at 21,250-21,300 dong each (buying-selling prices) on September 28, up by 50 dong from previous day. In the previous day, the US dollar price on unofficial market slipped slightly to 21,220-21,240 dong each in the region of Ben Thanh market in HCM City. On September 28, [...]

EU meat producers target Vietnam Posted: 28 Sep 2011 10:05 PM PDT The Union of Producers and Employers of the Meat Industry (UPEMI) on September 27 launched a campaign to promote the sale of European beef and pork in Vietnam. “The programme, titled “Tradition, Quality and European Taste”, is co-financed by the EU and Poland. It will be carried out in the US, Vietnam and the Republic [...]

PetroVietnam posts high profit Posted: 28 Sep 2011 10:04 PM PDT PetroVietnam has reported a profit of VND22.6 trillion ($1.1 billion) in the first eight months of this year, according to newly appointed general director Phung Dinh Thuc. Thuc said that revenues reached VND436 trillion, an increase of 47 per cent against last year, contributing VND109 trillion to the state budget. It is expected that PetroVietnam [...]

Southern hub projects hit brick wall Posted: 28 Sep 2011 10:04 PM PDT Ho Chi Minh City build-transfer infrastructure projects have run into rough ground. Though accommodating just three build-transfer (BT) infrastructure projects worth $532.3 million in total investment, the city faces myriad difficulties relative to giving land to BT project developers, according to Ministry of Planning and Investment. Developer Petroleum Urban and Infrastructure Investment Joint Stock Company [...]

Port is left in a storm Posted: 28 Sep 2011 10:03 PM PDT A host of difficulties are hampering Saigon Port's removal plan. According to Saigon Port Authority's (SPA) general director Le Cong Minh, the firm's biggest difficulty upon removal was where to source capital for building a new port. To become financially viable for building the new port, the firm had to change the usage function of [...]

Etihad has codeshare agreement with Vietnam Air Posted: 28 Sep 2011 10:02 PM PDT Etihad Airways, the national carrier of the United Arab Emirates, announced Wednesday a codeshare agreement with Vietnam Airlines, the Emirates News Agency reported the same day. Passengers on both airlines will be able to take advantage of the agreement from October 30, 2011, the UAE news agency said The agreement will allow Etihad guests to [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610