Vietnam Business News

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• Gold futures eased 0.11 per cent, to Rs 29,125 per 10 grams
• U.S. gold declined 0.6 percent to $1,658.70
• Australian gold exports fell by 15% on seasonally adjusted terms
• Gold dropped for a second day to the lowest level in seven weeks
• Gold ETFs near record in the last month
• Gold priced came down by Rs 450 per tola (11.664 grams)
• Gold futures dropped $9.70 or 0.6% to $1,658.50 an ounce on December 13
• Vietnam Gold Falls to VND44.07Mln/Tael on Tuesday
• Dec 13: vietnam central bank keeps dollar exchange at vnd20,803
• 2012 to be Vietnam ODA disbursement year

Gold futures eased 0.11 per cent, to Rs 29,125 per 10 grams Posted: 13 Dec 2011 01:06 AM PST Gold futures prices declined by 0.11 per cent to Rs 29,125 per 10 grams today, mostly in line with a weakening trend overseas as strong dollar reduced demand for the precious metal as an alternative investment. At the Multi Commodity exchange, gold for delivery in April eased Rs 32, or 0.11 per cent, to Rs 29,125 per [...]

U.S. gold declined 0.6 percent to $1,658.70 Posted: 13 Dec 2011 12:33 AM PST Spot gold slid to a seven-week low on Tuesday, extending a 2.6-percent decline in the previous session, as worries about the euro zone debt crisis continued to grip investors after the euphoria over the European Union summit agreement faded. Equities headed for a second day of losses and the euro languished near a two-month low as investors took fright at [...]

Australian gold exports fell by 15% on seasonally adjusted terms Posted: 13 Dec 2011 12:13 AM PST The Australian Bureau of Statistics (ABS) on Monday reported that exports of nonmonetary gold fell by some 15% on seasonally adjusted terms, or A$197-million during October, to just over A$1.1-billion. In trend terms, imports of nonmonetary gold rose by 12% over the September figures, or some A$80-million to A$742-million, while it rose some 57% on [...]

Gold dropped for a second day to the lowest level in seven weeks Posted: 13 Dec 2011 12:06 AM PST Gold dropped for a second day to the lowest level in seven weeks asEurope's debt crisis boosted demand for the dollar as a haven, tempering the effect of record investor holdings of the metal. Silver fell to a three-week low. Immediate-delivery gold lost as much as 0.9 percent to $1,650.93 an ounce, the lowest level [...]

Gold ETFs near record in the last month Posted: 12 Dec 2011 11:58 PM PST In the last month, holdings at the largest gold-backed exchange-traded products have risen by nearly 1.2 million ounces, largely in response to concern over the slow progress in solving the euro zone debt crisis. EU leaders agreed to lend up to 200 billion euros to the International Monetary Fund to help it aid euro zone [...]

Gold priced came down by Rs 450 per tola (11.664 grams) Posted: 12 Dec 2011 11:41 PM PST Gold priced came down by Rs 450 per tola (11.664 grams) in the domestic on Sunday, taking cue from international bullion market. The yellow metal was traded at Rs 54,750 per tola on the day. The yellow metal shed more than $55 per troy ounce in the international bullion market on the day, as the [...]

Gold futures dropped $9.70 or 0.6% to $1,658.50 an ounce on December 13 Posted: 12 Dec 2011 11:12 PM PST Gold futures edged further down from seven-week lows in electronic trading Tuesday, as concern that adequate supply and a still possible downgrade of European nations' sovereign debt by rating agencies pressured prices. The precious metal's futures for February delivery  dropped $9.70, or 0.6%, to $1,658.50 an ounce during Asian afternoon hours. Gold tumbled $48.60, or [...]

Vietnam Gold Falls to VND44.07Mln/Tael on Tuesday Posted: 12 Dec 2011 11:05 PM PST Vietnam gold lost VND0.28 million/tael from yesterday close to VND44.07 a tael on Tuesday morning following suit of world gold plunge in New York last night. SJC Hanoi quoted at VND43.80million/tael for bid and VND44.07 million/tael for bid and ask, respectively as of 9:38 am, Hanoi time. SJC in the free market was listed at [...]

Dec 13: vietnam central bank keeps dollar exchange at vnd20,803 Posted: 12 Dec 2011 10:58 PM PST Vietnam’s central bank set the U.S. dollar’s exchange rate at VND20,803 on Tuesday, unchanged from October 28. 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 was VND21,011. Commercial banks kept their quoted prices unchanged, selling [...]

2012 to be Vietnam ODA disbursement year Posted: 12 Dec 2011 10:53 PM PST Vietnam's government working group of official development assistance (ODA working group) and development partners have chosen 2012 as the year of ODA disbursement, according to the local newspaper Bao Dau Tu (Investment). ODA disbursement in 2012 will be more positive than $3.65 billion in 2011, Bui Quang Vinh, Minister of Planning and Investment (MPI) said. [...]

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