Vietnam Business News

---

• Binh Duong real estate market sees shocked promotion programs
• Equities advance on rate cut outlook
• Bad news from securities companies frighten investors
• Gold correction to be bigger than expected, target $1400/oz: Barclays
• Platinum: How to trade safely during crisis
• India gold futures to rise for a second straight day on Tuesday morning
• Gold could hit $2,500 next year: strategist
• Trade over $1,600/oz could entice buying back into gold
• Gold futures dip, silver falls below $29
• Local banks need to play top game

Binh Duong real estate market sees shocked promotion programs Posted: 20 Dec 2011 01:14 AM PST The promotion programs such as buying land to get gold gifts, paying low amount to receive houses in the southern province of Binh Duong are causing shocks and attracting public attention. After the success of swiftlet raising mode in Dai Nam Tourism Area in Binh Duong, these days the movement suddenly is booming. A lot [...]

Equities advance on rate cut outlook Posted: 20 Dec 2011 01:14 AM PST Vietnam's benchmark VN-Index rose on second day, led by banking shares on December 19, after Prime Minister Nguyen Tan Dung told banks last weekend to lower lending rates next year to support economic growth. The index of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange gained 0.37 percent, [...]

Bad news from securities companies frighten investors Posted: 20 Dec 2011 01:14 AM PST Many investors cannot withdraw money from stock brokers. Some securities companies have reportedly lost liquidity and cannot pay money back to investors. This has raised a big worry that a wave of insolvency of securities companies may occur. The stock market has received a shocking piece of news: SME Securities Company (SMES) has lost the [...]

Gold correction to be bigger than expected, target $1400/oz: Barclays Posted: 20 Dec 2011 01:03 AM PST With Gold spiking below its 200 DMA, the sell-off may push gold prices much below than initially estimated. "The key factors that will determine how supported the gold market is on the downside will be whether the “sticky” ETP holdings remain relatively stable and whether physical demand responds to much lower prices" -Investor flows into gold has [...]

Platinum: How to trade safely during crisis Posted: 20 Dec 2011 01:00 AM PST While Gold has been soaring for the past two years on the back of the eurozone debt crisis, precious metals like Platinumand Palladium have underperformed. Though platinum is even rarer than gold, it is trading at around $150 per ounce less than the yellow metal, the biggest discount in 26 years. “Platinum has underperformed gold recently,” said Mike Mason of [...]

India gold futures to rise for a second straight day on Tuesday morning Posted: 20 Dec 2011 12:50 AM PST India gold futures are likely to rise for a second straight day on Tuesday morning on a slight upside in the world market, while a weakening rupee at home lifting the landed cost of imported gold, analysts said. The most-active gold for February delivery on theMulti Commodity Exchange (MCX) ended 0.2 per cent higher at 27,692 rupees per [...]

Gold could hit $2,500 next year: strategist Posted: 20 Dec 2011 12:35 AM PST Gold prices will rally again in 2012 to reach $2,000 to $2,500 per ounce because demand is still strong and the precious metal is still seen as a safe haven, according to Sabine Schels, a commodities strategist at Bank of America Merrill Lynch. Despite the correction in gold prices in recent months, Schels said sustained [...]

Trade over $1,600/oz could entice buying back into gold Posted: 20 Dec 2011 12:06 AM PST If Gold prices can move back over $1,600 an ounce, it could attract new investments, said Janet Mirasola, managing director of R.J. O'Brien. "Especially in uncertain times those looking to find safe havens for the year end and holiday light sessions will look to add some Shiny things to their portfolios." There is plenty of negative news [...]

Gold futures dip, silver falls below $29 Posted: 20 Dec 2011 12:00 AM PST Precious metals futures settled lower on the COMEX on Monday in a continuation of recent weakness in the sector. COMEX gold futures, per the February 2012 contract, finished the session with a small loss of $1.20, or 0.1%, at $1,596.70 per ounce.  The yellow metal oscillated between gains and losses throughout the day, trading in [...]

Local banks need to play top game Posted: 19 Dec 2011 11:49 PM PST Local banks need to spruce up their act or risk an exodus of retail customers to foreign banks. A Vietnam retail banking report 2011 released at the recent Asean Banker Forum 2011 pointed out Vietnamese banks lacked strategy positioning and had poor information technology (IT) infrastructure. Vietnam's private banks were competing fiercely but many of [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610