Vietnam Business News

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• Spot gold eased 0.04 percent to $1,692.09 an ounce
• Gold prices slightly increases to VND44.52Mln/tael this morning
• Gold price to open at 15,735 HK dollars per tael on Thursday
• SJC Sells 4,000 gold taels on Nov 22
• Draft decree makes gold keepers sigh with relief
• Gold down 1% on recovering rupee; silver down 3%
• Thailand gold prices for November 24
• Gold steadied on Thursday, equities and firm dollar weigh
• Gold ends at loss, silver dives 3.2%, copper also ends lower
• Top 1,000 corporate taxpayers published

Spot gold eased 0.04 percent to $1,692.09 an ounce Posted: 24 Nov 2011 12:29 AM PST Gold steadied on Thursday but declines in equities blamed on the euro zone crisis could prompt investors to sell bullion to cover losses, while a firmer U.S. dollar also put pressure on prices, which have slipped more than 10 percent since hitting record. Asian stocks were subdued after an unsuccessful German bond sale raised alarm that [...]

Gold prices slightly increases to VND44.52Mln/tael this morning Posted: 23 Nov 2011 11:28 PM PST Vietnam gold increased VND0.07 million a tael from Wednesday close to VND44.52 million/tael on Thursday morning despite the world gold dropped. Local dollar prices were still kept at VND20,803 from Oct 28. SJC Hanoi quoted at VND44.20 million/tael for bid, and VND44.52 million/tael for bid and ask, respectively as of 10: 33 Hanoi time. SJC [...]

Gold price to open at 15,735 HK dollars per tael on Thursday Posted: 23 Nov 2011 11:00 PM PST The gold price in Hong Kong went down 55 HK dollars to open at 15,735 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,694.67 U.S. dollars a troy ounce, down 6.14 U.S. dollars at the latest exchange rate of one U.S. dollar against [...]

SJC Sells 4,000 gold taels on Nov 22 Posted: 23 Nov 2011 10:46 PM PST The Saigon Jewelry Company Limited (SJC) on Nov 22 sold 4,000 taels of gold, 7-8 times as high as on the previous days. The Saigon Jewelry Company Limited (SJC) on Nov 22 sold 4,000 taels of gold, 7-8 times as high as on the previous days, the local online newspaper Tuoi Tre ("Youth") quoted Nguyen [...]

Draft decree makes gold keepers sigh with relief Posted: 23 Nov 2011 10:26 PM PST People had been rushing to sell non-SJC brand gold in the last few weeks, until the State Bank published the draft decree on the gold management on its website, which said that the bullion gold, produced in the past under the permission of the central bank will still be allowed to be put into circulation. [...]

Gold down 1% on recovering rupee; silver down 3% Posted: 23 Nov 2011 10:05 PM PST A recovery of the rupee from its all-time low weighed on gold and silver futures in India on Wednesday, though physical traders deterred from fresh purchases waiting for further price weakness. The most-traded gold for December delivery on theMulti Commodity Exchange (MCX) was down 1.01 percent at 28,566 rupees per 10 grams, after falling to 28,508 [...]

Thailand gold prices for November 24 Posted: 23 Nov 2011 10:00 PM PST The Gold Traders Association this morning set the buying price at 24,680.48 baht per baht-weight for gold ornaments and 25,050 baht per baht-weight for gold bar. The selling prices were set at 25,550 baht per baht-weight for gold ornaments, and 25,150 baht per baht-weight for gold bar.

Gold steadied on Thursday, equities and firm dollar weigh Posted: 23 Nov 2011 09:41 PM PST Gold steadied on Thursday but declines in equities blamed on the euro zone crisis could prompt investors to sell bullion to cover losses, while a firmer U.S. dollar also put pressure on prices, which have slipped more than 10 percent since hitting record. Asian stocks were subdued after an unsuccessful German bond sale raised alarm that [...]

Gold ends at loss, silver dives 3.2%, copper also ends lower Posted: 23 Nov 2011 09:33 PM PST Gold futures ended lower Wednesday, engulfed by concerns surrounding Germany's failed bond auction and unable to catch safe-haven bids. Gold for December delivery  declined $6.50, or 0.4%, to settle at $1,695.90 an ounce on the New York Mercantile Exchange, off session lows. Other metals tracked gold lower, with silver the top loser, off 3.2%. Investors [...]

Top 1,000 corporate taxpayers published Posted: 23 Nov 2011 09:28 PM PST Vietnam Report, in collaboration with online newswire VietNamNet and the General Department of Taxation's Tax magazine, organised a ceremony on November 22 to honour the country's top 1,000 corporate-tax contributors in Hanoi. Contributions from foreign-direct enterprises doubled from VND19 trillion in 2010 to VND38.9 trillion. This represented a 1 per cent rise to 24.92 per [...]

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