Vietnam Business News

---

• Big goldsmith unexpectedly lowers bullion gold price
• Dong savings: safest investment channel?
• Vietnam treasury fails to sell any of vnd2tln government bonds on nov 10
• Rong Thang Long gold prices drop significantly
• Vietnam enterprises buys dollars at vnd21,600
• Vietnam central bank develops plan to restructure Agribank
• Vietinbank issues registered promissory notes in third tranche, 2011
• Nov 11: VN-index breaks down 400 threshold, hnx sets fresh all time low
• Nov 11: Vietnam central bank keeps dollar exchange at vnd20,803 for 2 weeks
• Nov 11: Vietnam gold falls to vnd46.2mln/taael, dollar stable

Big goldsmith unexpectedly lowers bullion gold price Posted: 11 Nov 2011 08:09 PM PST Unexpectedly lowering the sale price to the level which is 500,000 dong per tael lower than the market price, Bao Tin Minh Chau has stirred up the investors in Hanoi. In general, the buy and sell prices of Vang Rong Thang Long brand bullion gold of Bao Tin Minh Chau are equal to that of [...]

Dong savings: safest investment channel? Posted: 11 Nov 2011 09:24 AM PST Dong savings emerge as the safest investment option to investors with idle funds in the context of easing inflation while other investment channels become less attractive and more risky, the central bank said on its website on Nov 10. Commercial banks currently offered interest rates on VND-denominated deposits at 14% p.a. for over 1 month [...]

Vietnam treasury fails to sell any of vnd2tln government bonds on nov 10 Posted: 11 Nov 2011 09:24 AM PST The State Treasury failed to sell any of VND2 trillion Government bonds distributed equally for 3-year and 5-year bonds, auctioned on Nov 10, said the Hanoi Stock Exchange on its website. The bid-to-cover ratio was 0.55, including two bidders registered for VND0.2 trillion 3-year bonds, and another two bids for VND0.9 trillion worth of 5-year [...]

Rong Thang Long gold prices drop significantly Posted: 11 Nov 2011 09:24 AM PST Bao Tin Minh Chau Company recently quoted its gold prices for both bid and ask much lower than the overall market price, the local online newspaper VnExpress.net reported on Nov 10. As of 10:55 Nov 10, Rong Thang Long gold, a product of Bao Tin Minh Chau Company, was trading at VND45.300 million/tael for bid [...]

Vietnam enterprises buys dollars at vnd21,600 Posted: 11 Nov 2011 09:23 AM PST Local enterprises were forced to purchase dollars at as much as VND21,600, VND200/USD higher than in the free market to serve high import demand and settle their maturing dollar-denominated loans at year end. Local enterprises were forced to purchase dollars at as much as VND21,600, VND200/USD higher than in the free market to serve high [...]

Vietnam central bank develops plan to restructure Agribank Posted: 11 Nov 2011 09:22 AM PST The State Bank of Vietnam, under the order of Vietnam Prime Minister, promptly directed related units to develop plans to restructure Vietnam Bank for Agriculture and Rural Development (Agribank). The State Bank of Vietnam, under the order of Vietnam Prime Minister, promptly directed related units to develop plans to restructure Vietnam Bank for Agriculture and [...]

Vietinbank issues registered promissory notes in third tranche, 2011 Posted: 11 Nov 2011 09:22 AM PST VietinBank will issue registered promissory notes in the third tranche of 2011 from November 11 to December 2011 with attractive terms of 31 days, 60 days, 90 days and 03 months. These notes are in Vietnamese dong and in USD for Vietnamese individuals and foreigners living legally in Vietnam. Interest: Promissory notes of 31-day, 60- [...]

Nov 11: VN-index breaks down 400 threshold, hnx sets fresh all time low Posted: 11 Nov 2011 09:20 AM PST Vietnamese stocks continued to post losses today and both two benchmarks fell to new lows as investors moved into cash amid lack of supportive news. The benchmark VN Index lost 4.73 points, or 1.17% to end at 396.3. Volume soared to 47.3% to 37.3 million shares worth VND574.4 billion including 15.4 million shares worth VND281.73 [...]

Nov 11: Vietnam central bank keeps dollar exchange at vnd20,803 for 2 weeks Posted: 11 Nov 2011 09:20 AM PST Vietnam’s central bank set the U.S. dollar’s exchange rate at VND20,803 on Friday , unchanged from October 28, after adjusting the it for 14 times in October. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today [...]

Nov 11: Vietnam gold falls to vnd46.2mln/taael, dollar stable Posted: 11 Nov 2011 09:19 AM PST Vietnam gold lost VND0.10 million from yesterday close to VND 46.20million/tael this morning, following the suit of world gold while local dollar prices were still kept at VND20,803, unchanged for 2 weeks. SJC Hanoi quoted at VND46.050 million/tael for bid, and VND46.270 million/tael for bid and ask, respectively as of 9: 24 Hanoi time. SJC [...]

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