Vietnam Business News

---

• Central banks’ gold reserves increased in November
• Silver moved up by 1.19 per cent to Rs 51,939 per kg
• As investors get shock of stocks, gold proves saving grace
• U.S. gold rose nearly 1 percent to $1,582 before easing to $1,578.20
• Gold imports by India plunged 56 per cent to 125 tonnes in Q4
• 60% of Vietnam listed companies see profits drop
• The list of 100 richest stock millionaires made public
• Vietnam private sector squeezed by rising costs
• FDI into Vietnam nears $200 billion
• Vietnam levies environment tax on five product groups

Central banks’ gold reserves increased in November Posted: 03 Jan 2012 01:15 AM PST Gold reserves increased in November at Belarus, Turkey, Tajikistan, Macedonia, Mauritius and Morocco, and declined in Mexico, according to data on the International Monetary Fund's website. Turkey's holdings increased to 5.758 million ounces from 4.429 million ounces and Mexico's declined to 3.413 million ounces from 3.417 million ounces in October, the data showed. Morocco's holdings were 710,000 ounces [...]

Silver moved up by 1.19 per cent to Rs 51,939 per kg Posted: 03 Jan 2012 01:10 AM PST Tracking a firming trend in the global markets, silver moved up by 1.19 per cent to Rs 51,939 per kg in futures trading today. At the Multi Commodity Exchange, silver for delivery in March rose by Rs 609, or 1.19 per cent, to Rs 51,939 per kg, with a business turnover of 8,435 lots. Likewise, the [...]

As investors get shock of stocks, gold proves saving grace Posted: 03 Jan 2012 01:00 AM PST After an average loss of over one million dollar in every ten seconds of trade in stocks last year, market pundits seem to be playing it safe and are predicting Sensex levels ranging from as low as 8,000 to as high as 28,500 points in 2012. Going by these wide projections, the market valuations could either plunge [...]

U.S. gold rose nearly 1 percent to $1,582 before easing to $1,578.20 Posted: 03 Jan 2012 12:36 AM PST Gold rebounded from last month’s losses, although analysts say it is far from re-testing all-time highs hit last September. Spot gold gained 0.7 percent to $1,576.24 an ounce, after posting a 10-percent rise in 2011. U.S. gold rose nearly 1 percent to $1,582, before easing to $1,578.20. Technical analysis suggested spot gold could rise to [...]

Gold imports by India plunged 56 per cent to 125 tonnes in Q4 Posted: 03 Jan 2012 12:32 AM PST Gold imports by India, the world’s top consumer, plunged 56 per cent to 125 tonnes in the fourth quarter, cutting full-year imports by 8.4 per cent as record high prices and high interest rates hit demand, the head of India’s leading bullion body said. India, whose appetite for gold dates back centuries, imported about 878 tonnes [...]

60% of Vietnam listed companies see profits drop Posted: 03 Jan 2012 12:30 AM PST By December 31, 2011, 60% of Vietnam listed companies saw their profit drop from 2010; 14% of them suffered loss in the third quarter of 2011 and 12% of companies posted accumulated loss, the State Securities Commission (SSC)'s data showed. This is the result of unfavorable national macroeconomic conditions, inflation, high interest rates, trade deficit. [...]

The list of 100 richest stock millionaires made public Posted: 03 Jan 2012 12:30 AM PST The stock price fluctuations at the last trading session of the year helped Chair of the Ocean Group Ha Van Tham surpass the owner of Quoc Cuong Gia Lai – Nguyen Thi Nhu Loan and stay in the top 10 of the Vietnamese stock millionaires. The first and the second positions in the list of [...]

Vietnam private sector squeezed by rising costs Posted: 03 Jan 2012 12:04 AM PST An annual report that ranks Vietnam's 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. One of the most respected economists in the country, Pham Chi Lan, weighs in on the issue. The number of private companies in the list of 500 [...]

FDI into Vietnam nears $200 billion Posted: 02 Jan 2012 11:59 PM PST Nearly 13,670 valid foreign direct investment (FDI) projects have operated in Vietnam by mid December with a total registered capital of $198 billion. This was announced by Deputy Minister of Planning and Investment Nguyen The Phuong on December 30 at the Ministry's press conference reviewing the FDI situation in 2011 and making forecasts for 2012. [...]

Vietnam levies environment tax on five product groups Posted: 02 Jan 2012 11:59 PM PST The government will levy an environment tax on five groups of products namely, petroleum, coal, hydro chlorofluorocarbon liquid (HCFC), plastic bags and chemical pesticides. The government will levy an environment tax on five groups of products namely, petroleum, coal, hydro chlorofluorocarbon liquid (HCFC), plastic bags and chemical pesticides, effective from January 1, 2012, with each [...]

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