Vietnam Business News

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• Expect gold prices to rise today
• Gold price to open at 16,220 HK dollars per tael on Monday
• India gold edged higher on Monday morning
• Spot gold little changed at $1,747.29 an ounce on Monday
• Why is gold finding support at this level?
• Gold steady after posting their sharpest weekly rise in more than a month
• Spectacular bull run in gold prices to extend to 2012 on resilient demand
• Labour changes proving hard work
• Vietnam Airlines to hold 70 per cent stake in Jetstar
• Vietnam November rice exports 415,871 tons, down 5.8% on month -association

Expect gold prices to rise today Posted: 05 Dec 2011 01:40 AM PST Angel Commodities has come out with its report on bullion. According to the research firm Gold prices are expected to rise today as high crude oil prices will spur inflation-led demand for the yellow metal. Gold Gold prices in the last week witnessed a phenomenal performance as dollar weakness supported upside in the international markets. Prices on [...]

Gold price to open at 16,220 HK dollars per tael on Monday Posted: 05 Dec 2011 01:27 AM PST The gold price in Hong Kong went up 21 HK dollars to open at 16,220 HK dollars per tael on Monday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,752.75 U.S. dollars a troy ounce, up 2.72 U.S. dollars at the latest exchange rate of one U.S. dollar against [...]

India gold edged higher on Monday morning Posted: 05 Dec 2011 01:06 AM PST India gold edged higher on Monday morning following a weaker rupee, and premiums in the physical marketsteadied even as buying remained absent in the peak wedding season, dealers said. * The most-active gold for February delivery on the Multi Commodity Exchange was 0.15 percent higher at 29,243 rupees per 10 grams. * Weakness in the rupee, which plays an [...]

Spot gold little changed at $1,747.29 an ounce on Monday Posted: 04 Dec 2011 10:12 PM PST Gold prices traded steady on Monday, after posting their sharpest weekly rise in more than a month, as the euro zone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro. The two-year-old debt crisis has not only pushed a few euro zone nations to the brink of [...]

Why is gold finding support at this level? Posted: 04 Dec 2011 09:16 PM PST After a 20% fall in September, the technical picture for gold is improving.  In September, gold touched a record nominal high just above $1,920, but quickly fell to about $1,540.  The move scared speculators and offered a great buying opportunity for those wishing to invest in gold.  Now, gold prices have recovered to $1,750.  The [...]

Gold steady after posting their sharpest weekly rise in more than a month Posted: 04 Dec 2011 09:09 PM PST Gold prices traded steady on Monday, after posting their sharpest weekly rise in more than a month, as the euro zone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro. The two-year-old debt crisis has not only pushed a few euro zone nations to the brink of [...]

Spectacular bull run in gold prices to extend to 2012 on resilient demand Posted: 04 Dec 2011 09:00 PM PST The spectacular bull run in gold prices is unlikely to end soon, with bullion retaining its appeal in 2012 due to the uncertain global economy, analysts and industry officials said on Friday. Gold’s growing allure for buyers ranging from central banks to retails investors will provide a cushion for prices, even if the euro zone ended its debt [...]

Labour changes proving hard work Posted: 04 Dec 2011 08:09 PM PST Some major foreign business societies continues to voice their concern over cumbersome procedures for employing foreigners in Vietnam despite further clarification having been in place. An expert at the Ministry of Labour, Invalids and Social Affairs (MoLISA) said Circular 31/2011/TT-BLDTBXH implementing Decree 46/2011/ND-CP and Decree 34/2008/ND-CP "had basically met requirements of foreigners working in Vietnam". [...]

Vietnam Airlines to hold 70 per cent stake in Jetstar Posted: 04 Dec 2011 08:09 PM PST The Civil Aviation Administration of Vietnam (CAAV) has announced that from now Vietnam Airlines will hold 70 per cent of stake in Jetstar Pacific Airlines, owned by the State Capital Investment Corporation (SCIC). The airline losses were mainly caused by skyrocketing fuel prices and fluctuation in the US dollar exchange rate, according to the report. [...]

Vietnam November rice exports 415,871 tons, down 5.8% on month -association Posted: 04 Dec 2011 08:08 PM PST Vietnam exported 415,871 metric tons of rice in November, down 5.8% from 441,339 tons in October, the Vietnam Food Association said Monday. The figure is higher than an estimate of 400,000 tons released by the General Statistics Office late last month. Rice export revenue in November fell to $232.76 million from $242.1 million in the [...]

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