Saturday, December 31, 2011

Vietnam Business News

Vietnam Business News


Crocodile Gold says Luxor Capital bids for control

Posted: 31 Dec 2011 01:06 AM PST

Crocodile Gold, which owns and operates mines in the northern territory of Australia, said an affiliate of Luxor Capital Group has offered to buy a majority stake in the Canadian miner for about C$121 million ($118.47 million). Crocodile Gold said the offer was not a permitted bid under a shareholder’s rights plan, which was adopted after [...]


The noteworthy events in real estate market in 2011

Posted: 31 Dec 2011 12:05 AM PST

The year 2011 witnesses the dark days in the history of the real estate market. Real estate developers cannot borrow capital to develop projects, while the real estate prices have been decreasing dramatically. 1. The "land fever" in Soc Son, Dong Anh districts in Hanoi The fever attack occurred in early 2011. The story began [...]


4% of real estate loans are bad debts as of Sept 30: Vietnam MOC

Posted: 31 Dec 2011 12:01 AM PST

The Ministry of Construction (MOC) estimated that as much as 4% of property loans were bad debts as of Sept 30. The Ministry of Construction (MOC), in collaboration with the State Bank of Vietnam (SBV), prepared a report on the conditions of the real estate market in 2011, in which the Ministry estimated that as [...]


Silver running sideways approaching 2012

Posted: 31 Dec 2011 12:00 AM PST

Silver is the high loser running into year end but not before it gave back the trusted investors some thing to cheer during the half year stage. The white metal is all set bto lose nearly eleven percent in 2011 and remained vulnerable in the early stages of next year as it is seen in [...]


China gold exchange curbs unlikely to create major impact

Posted: 30 Dec 2011 11:45 PM PST

(BullionStreet): China’s decision to restrict gold traing activities to two Shanghai bourse’s is aimed at strengthening country’s domestic gold market, analysts said. However, the move created enormous amount of interests among market players but unlikely to create any major impact to global markets, they added China’s central bank, the People’s Bank of China (PBOC) said [...]


US Silver production declined to 81.4 thousand kilograms in October

Posted: 30 Dec 2011 11:40 PM PST

US Silver production declined to 81.4 thousand kilograms in October, a decrease of 30% as compared to October 2010. On a monthly basis, production declined 7% compared to September 2011, The Institute U.S. Geological Survey (USGS) said in a briefing. According to Silver Institute, USA is the seventh largest silver producer in the world. The country produced [...]


Gold fundamentals hold, time to make strategic allocation

Posted: 30 Dec 2011 11:30 PM PST

As 2011 draws to a close, it is easy to say that the year has seen its share of ups and downs. This is mainly because of the high volatility in the markets, in reaction to the daily pressures on the world stage. We witnessed one of the most dramatic price increases in Gold followed by a [...]


Top junior gold companies for 2012

Posted: 30 Dec 2011 11:30 PM PST

Investors seeking increased exposure to gold price appreciation will often purchase shares in junior mining and exploration companies. These are generally companies that are either at initial phase of the commercial gold production process or at an exploratory or resource development stage. Junior gold companies start out with a lower market capitalization than major gold [...]


Purchasing power of cash flows to rise 4 times in 2012: SSI Chairman

Posted: 30 Dec 2011 11:00 PM PST

The rising power of money is obvious now when VND 1 billion can buy a number of stocks that cost VND4-6 billion 3 years ago. Global and Vietnam macroeconomic difficulties have caused severe recession to the stock market for the last 2 years and have not shown any signs of steady recovery in 2012. However, [...]


Ukraine to consider launching gold futures

Posted: 30 Dec 2011 11:00 PM PST

After announcing to mint more gold and silver coins, Ukraine said it will consider launching gold futures. According to unconfirmed reports, Ukranian firm Troika Dialog Ukraine is given preliminery sanctions to launch gold futures in the country. Troika Dialog Ukraine director Artem Yershov said “We considered the possibility of launching gold futures. But the gold [...]


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