Vietnam Business News

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• Ministry mulls freeing gold alloy imports
• The gold bugs are throwing in the towel
• Take care selling the family silver, hard up Greeks told
• Gold rallied from the lowest level in almost eight weeks as two-day decline encourages purchases
• US restaurant chains eye franchises in Vietnam
• Public debt fears watered down
• Sugar surplus may be exported
• Vietnam awaits six millionth visitor arrival
• Flight prices head for the sky
• Gold’s Drop With Stocks Points to Deflation

Ministry mulls freeing gold alloy imports Posted: 14 Dec 2011 01:01 AM PST RBI to take a call soon; move could help bring down jewellery prices. The commerce ministry is considering a proposal to free the import of gold dore in India, hitherto allowed only through the Reserve Bank of India (RBI) or its nominated agents. A gold dore bar is a semi-pure alloy of gold and silver, [...]

The gold bugs are throwing in the towel Posted: 14 Dec 2011 01:00 AM PST Gold bugs over the last two weeks have become even more discouraged than they were at the end of November. And that's saying something, since they were already quite dejected. As a result, contrarians detect a very strong wall of worry forming in the gold market, one which could very well be the springboard for [...]

Take care selling the family silver, hard up Greeks told Posted: 14 Dec 2011 12:47 AM PST Greece published guidelines on Tuesday to protect its austerity-hit citizens from being ripped off by pawn shops buying their family gold and silver. The consumer protection agency issued the unusual notice as new pawn shops spring up across Athens to meet demand for instant cash in Greece’s contracting economy. But crisis-hit families may be getting a [...]

Gold rallied from the lowest level in almost eight weeks as two-day decline encourages purchases Posted: 14 Dec 2011 12:43 AM PST Gold rallied from the lowest level in almost eight weeks as the biggest two-day drop since September spurred more purchases and investor holdings climbed to a record, countering the effect of a stronger dollar. Immediate-delivery gold climbed as much as 0.7 percent to $1,642.82 an ounce and was at $1,638.57 at 6:33 a.m. in London. Holdings [...]

US restaurant chains eye franchises in Vietnam Posted: 14 Dec 2011 12:23 AM PST With ten US-based food and restaurant enterprises visiting Vietnam to seek franchise cooperation earlier this month, the local fast food sector is likely to heat up with the arrival of many popular brand names. J. Marc Mushkin, senior vice president of International Development of Pollo Tropica, a chain popular for its grilled chicken, said Vietnam [...]

Public debt fears watered down Posted: 14 Dec 2011 12:22 AM PST Vietnam's public debt could reach 58.4 per cent of the gross domestic product (GDP) against 54.6 per cent in 2011. National Financial Supervision Committee deputy chairman Ha Huy Tuan told VIR rising public debt would not be a concern if the loans were effectively used and managed. What do you think of Vietnam's rising public [...]

Sugar surplus may be exported Posted: 14 Dec 2011 12:22 AM PST The Vietnam Sugar and Sugarcane Association (VSSA) has submitted a proposal to the Government to allow local producers to export sugar surpluses. After 10 years of producing sugar to meet domestic demand, this would mark the first time the industry has a surplus to export. The Ministry of Industry and Trade has discussed the proposal [...]

Vietnam awaits six millionth visitor arrival Posted: 14 Dec 2011 12:21 AM PST Vietnam is likely to welcome the six millionth international visitor arrival in late December, marking a successful year for the country's tourism, according to the National Administration of Tourism. In the January- November period, the sector witnessed a year-on-year increase of 17.8 per cent in the number of visitors. China remains the largest market for [...]

Flight prices head for the sky Posted: 14 Dec 2011 12:21 AM PST Air passengers are in for some pricey times. The Civil Aviation Administration of Vietnam (CAAV) has recently announced the Ministry of Finance's (MoF) Decision 2967/BTC-QD regulating economy class airfare ceiling levels on domestic routes which was rubber stamped in early December. The revision brought a wide range of airfare prices up as well as a [...]

Gold’s Drop With Stocks Points to Deflation Posted: 14 Dec 2011 12:18 AM PST Gold futures have fallen 5% this month, tracking a stock selloff and losing their safe-haven allure. MarketWatch columnist Mark Hulbert talks about what the metal’s drop says about investor pessimism. Laura Mandaro reports.

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