Saturday, November 19, 2011

Vietnam Business News

Vietnam Business News

China’s gold demand expected to surge next decade due to jewellery consumption and investment needs

Posted: 19 Nov 2011 12:39 AM PST

World’s second largest gold consumer, China’s demand for the precious metal is expected to surge next decade due to jewellery consumption and investment needs, World Gold Council said. In its Gold Demand Trends report for the third quarter of 2011, WGC said demand for gold bars and coins in China expanded by 24 percent from [...]


Understanding gold investing options

Posted: 18 Nov 2011 11:38 PM PST

Gold is the most popular of all the precious metals as an investment. Investors generally buy gold as a hedge or harbor against economic, political, or social fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The market for this commodity is subject to speculation as are [...]


India’s gold demand will continue to climb

Posted: 18 Nov 2011 11:00 PM PST

Despite a 20 percent drop in gold imports in the third quarter, India’s gold demand will continue to climb and by 2020 it might reach 1200 tons, Analysts said. They said Indian demand for gold will be driven by savings and real income levels, not by price . Gold prices in India went up 18.35 [...]


Central Banks Increase Gold Buying

Posted: 18 Nov 2011 09:41 PM PST

According to a World Gold Council report in Q3 central banks reported more than double their previously reported holdings from Q2. The data shows central banks are holding over seven times their holdings on a year-over year basis and purchased 148.4 metric tons of gold. Yesterday’s report is a surprise to some analysts as the [...]


Ethiopia exported 2.7 tons of gold in H1 of this year

Posted: 18 Nov 2011 09:32 PM PST

East Africa’s Ethiopia has set a gold production target at 8.7 tons by 2015. According to country’s Ministry of Mines, the country is now benefiting from both global gold price hike and production increment. The ministry also plans to increase the number of traditional gold miners unions and associations in the country to 593 from [...]


Vietnam gold recovers to settle at nearly 46m dong after sharp drop

Posted: 18 Nov 2011 07:23 PM PST

After plunging to 45.5 million dong at early this morning, the gold price in Vietnam recovered to nearly 46 million dong a tael (1.2 ounces) on late this afternoon November 18 as rising bottom fishing demand following a drop of 2.4 percent in the trading session in New York last night shored up global price [...]


Hanoi hosts three ICT expos

Posted: 18 Nov 2011 08:26 AM PST

Three exhibitions on information and communication technology (ICT) opened in Hanoi on Wednesday, featuring products and services for the mobile internet broadband third and fourth generation (3G and 4G) networks. The events – organised at the Vietnam Exhibition and Fair centre in Hanoi by Vietnam Association for Information Processing, Vietnam Posts and Telecommunications Groups (VNPT) [...]


Samsung launches Galaxy Note for businesspeople

Posted: 18 Nov 2011 08:25 AM PST

Samsung Vina has introduced Galaxy Note, a combination of a smartphone’s mobility, connectivity and conversation functions and a tablet’s ultra high performance. By maximising integration of these products, Galaxy Note optimises the consumer’s needs, especially those of businesspeople and office workers, according to Samsung Vina. S Pen is what differentiates Galaxy Note from other mobile [...]


Foreign investment capital in Vietnam stock market remains positive: SSC’s chairman

Posted: 18 Nov 2011 08:25 AM PST

Vietnam's stock market during past time has encountered difficulties due to the instability from the world economic recession, domestic financial hardships, which caused the decline in profit and even losses of listed companies and securities brokers and made capital mobilization activities face more difficulties, Vu Bang, chairman of State Securities Commission of Vietnam (SSC) said [...]


Vietnam Will Allow Open-Ended Funds to Lure Stock Investors

Posted: 18 Nov 2011 08:25 AM PST

Vietnam will introduce regulations allowing open-ended funds before the end of the year, and permit the introduction of more investment products next year, as it seeks to lure investors back to a stock market roiled this year by accelerating inflation and rising interest rates. The government will also issue regulations on real-estate investment trusts and [...]


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