Vietnam Business News

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• Bidding volume of BIDV IPO higher 1.6 times than offering volume
• Securities companies restructuring to rescue themselves
• Gold prices declined by 0.17 per cent to Rs 28,062 per 10 grams in futures trade today
• ‘Gold may continue uptrend for next few years’
• Silver price will go above $50/oz in 2012 – David Morgan
• Gold silver shops shut down in capital
• Gold futures dropped slightly in Asian trade Monday
• Gold, REE, lithium, base metals: mining booming in Quebec- Beauregard
• Will gold and silver continue to outshine in the new year?
• Vietnam c.bank net injects about 12tr dong on OMO in week ending Dec 23

Bidding volume of BIDV IPO higher 1.6 times than offering volume Posted: 26 Dec 2011 01:11 AM PST BIDV Securities Joint Stock Co on December 22 announced that 16,161 investors bid to purchase 134,969,200 shares in the coming IPO of Bank for Investment and Development of Vietnam (BIDV). Thus, the bidding volume was equal to 159.25% of the offering of 84,754,146 shares or 3% of BIDV's charter capital. BIDV said earlier, to encourage [...]

Securities companies restructuring to rescue themselves Posted: 26 Dec 2011 01:11 AM PST Securities companies have laid off a lot of officers in an effort to cut out waste in the organizations, to rescue themselves before the God saves them. Two years ago, securities investors once found it difficult to squeeze into the Dong Duong Securities Company's (DDS) trading floor. There on the trading floor, people would feel [...]

Gold prices declined by 0.17 per cent to Rs 28,062 per 10 grams in futures trade today Posted: 26 Dec 2011 12:54 AM PST Amid absence of cues from overseas markets and a firm rupee, gold prices declined by 0.17 per cent to Rs 28,062 per 10 grams in futures trade today. At the Multi Commodity exchange, gold for delivery in April eased Rs 47, or 0.17 per cent, to Rs 28,062 per 10 grams, with a business turnover of [...]

‘Gold may continue uptrend for next few years’ Posted: 26 Dec 2011 12:15 AM PST The story on gold is far from over. In fact, the yellow metal in its current corrective phase offers an opportunity to buy, says Mr Prithviraj Kothari, President, Bombay Bullion Association. "From 2001 to 2011, gold has appreciated the most among all asset classes. I think investors should buy on dips," Mr Kothari told The Hindu [...]

Silver price will go above $50/oz in 2012 – David Morgan Posted: 25 Dec 2011 11:46 PM PST David Morgan, publisher of Silver Investor, still believes silver price will go above $50/oz in 2012. He forecast $65–75/oz silver by the end of 2012. in this exclusive interview Morgan talks about the tenets he lives by when investing in mining companies, be they small-cap or midtier or billion dollar companies. Companies Mentioned: 49 NORTH RESOURCES INC. – [...]

Gold silver shops shut down in capital Posted: 25 Dec 2011 11:15 PM PST Nepal Gold and Silver Entrepreneurs' Association has called for the closure of all shops selling and buying gold and silvers in the capital on Sunday. Gold and silver entrepreneurs took the decision to this effect in a bid to protest against the murder of Harka Bahadur Diyali, the proprietor of Kapan-based Mata Manakana Jewellery Shop. [...]

Gold futures dropped slightly in Asian trade Monday Posted: 25 Dec 2011 11:01 PM PST Gold futures dropped slightly in Asian trade Monday, drifting back toward the $1,600-per-ounce level amid an extended holiday weekend for markets around the region. Gold for February deliver eased $1.60, or 0.1%, to $1,609.00 per troy ounce on Comex. Market cues were limited, as many major bourses around the region remained closed for the holidays. But [...]

Gold, REE, lithium, base metals: mining booming in Quebec- Beauregard Posted: 25 Dec 2011 11:00 PM PST While many jurisdictions are working hard to prevent mining or mineral exploration, the province of Quebec is encouraging it. Interview with The Gold Report. The Gold Report: The province of Quebec where Geologica is based offers some of the best infrastructure and mineral exploration incentives of any state or province in North America. Why has [...]

Will gold and silver continue to outshine in the new year? Posted: 25 Dec 2011 10:30 PM PST Gold’s spectacular sprint has been cut short by a speed bump in the past few weeks. From an all-time high of over $1,900 an ounce (Rs35,332 per 10 gm at $1: Rs52.72) in September, the price of the precious metal fell to under $1,590 an ounce (Rs29,520 per 10 gm) in mid-December. The question worrying [...]

Vietnam c.bank net injects about 12tr dong on OMO in week ending Dec 23 Posted: 25 Dec 2011 10:15 PM PST In the week ending December 23, the State Bank of Vietnam (SBV), the country's central bank net injected about 12 trillion dong on open market operations (OMO), local newspaper Lao Dong reported on December 24. This is the second consecutive week the central bank made large net injections as demand for payment was at the [...]

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