The Business Times: Vietnamese gold market – against all odds

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• Vietnamese gold market – against all odds
• Vietnam northern bourse to officially extend trading hours to 15:00 from july 8
• Foreign eyes look for local banking opportunities
• Investors shift as bond yield drops
• Exports to Turkey up 79pct
• FDI hits nearly US$10.5 billion in six months
• Agricultural exports decline
• Is inflation control target within reach?
• Car firm needs time
• Vietnam airlines announces two more int’l routes

Vietnamese gold market – against all odds Posted: 25 Jun 2013 12:43 AM PDT While investors around the world are fleeing from gold, locals here are rushing to buy gold bullion as if there is no tomorrow, though the local gold price is nearly VND7 million per tael more expensive than its world counterpart. As of 6:00 pm last Friday, after three days of continuous decline, world gold prices [...] The post Vietnamese gold market – against all odds appeared first on Vietnam Business News.

Vietnam northern bourse to officially extend trading hours to 15:00 from july 8 Posted: 25 Jun 2013 12:43 AM PDT The Hanoi Stock Exchange announced that it will officially extend trading hours to 15:00 from July 8 at the same time of introducing new upgraded trading system. The new trading schedule will be as follows: (1) from 9:00 to 14:30: continuous bidding orders, and the following types of orders are allowed: Limited order (LO), Market [...] The post Vietnam northern bourse to officially extend trading hours to 15:00 from july 8 appeared first on Vietnam Business News.

Foreign eyes look for local banking opportunities Posted: 25 Jun 2013 12:40 AM PDT Foreign investors are looking for room to grow in the banking sector. Foreign investors can enjoy higher stake ownerships in local banks under a fresh draft decree to supersede Decree 69/2009/ND-CP on foreign investors' purchase of shares of Vietnamese commercial banks. Besides, foreign investor ownership at underperforming banks subject to undergo a business shake-up will [...] The post Foreign eyes look for local banking opportunities appeared first on Vietnam Business News.

Investors shift as bond yield drops Posted: 25 Jun 2013 12:40 AM PDT The continuous drop in government bond yields during recent months have caused investors to seek new investment channels. Last week, government bond yields decreased still further, even stooping below the ceiling deposit rate of 7.5 per cent per annum. The bond yields on three-year terms stayed around a paltry 6.8 per cent per annum. "The [...] The post Investors shift as bond yield drops appeared first on Vietnam Business News.

Exports to Turkey up 79pct Posted: 25 Jun 2013 12:33 AM PDT Vietnam's exports to Turkey hit US$11.6 million in May, up 79% from a year earlier. According to the General Department of Vietnam Customs, phones and components topped the list of consumer items, earning a monthly record of US$40.2 million, 4.5 times higher than the previous month and up 7.6 times than the same month of [...] The post Exports to Turkey up 79pct appeared first on Vietnam Business News.

FDI hits nearly US$10.5 billion in six months Posted: 25 Jun 2013 12:31 AM PDT In the first half of this year, Vietnam attracted nearly US$10.5 billion in terms of foreign direct investment (FDI) to 554 new projects and 217 old ones, up 15.9% from a year earlier. In the same period, around US$5.7 billion was disbursed, up 5.6% compared to last year's figure and more than US$9.3 billion poured [...] The post FDI hits nearly US$10.5 billion in six months appeared first on Vietnam Business News.

Agricultural exports decline Posted: 25 Jun 2013 12:30 AM PDT Agricultural exports from Vietnam over the past five months have dropped in both volume and value. Most worthy of note is coffee (by 24.2% and 22.4%, respectively), followed by cassava (19.4% and 15%), rubber (5% and 20%) and rice (7% and 10%). Nguyen Thi Hong, Head of the Planning Department under the Ministry of Agriculture [...] The post Agricultural exports decline appeared first on Vietnam Business News.

Is inflation control target within reach? Posted: 25 Jun 2013 12:29 AM PDT The latest statistics show that Vietnam is on track to keep inflation under control. However, experts warn there is no room for complacency as market prices fluctuate in the second half of the year. The General Statistics Office (GSO) announced on June 24 that the national consumer price index (CPI) rose slightly by 0.05% in [...] The post Is inflation control target within reach? appeared first on Vietnam Business News.

Car firm needs time Posted: 25 Jun 2013 12:26 AM PDT Truong Hai Auto Corporation, the largest local automobile maker in Vietnam, has asked the government to extend their deadline for an outstanding import tax debt of $57.7 million. The Vietnamese government is now working on the proposed tax extension for Vietnam's domestic auto-maker for a sum worth VND1.2 trillion ($57.7 million) from July 1, 2013 [...] The post Car firm needs time appeared first on Vietnam Business News.

Vietnam airlines announces two more int’l routes Posted: 25 Jun 2013 12:26 AM PDT The national flag carrier Vietnam Airlines will officially open two new international routes departing from Da Nang as of July 1, 2013. Three flights a week will connect Da Nang with Seoul in the Republic of Korea, departing every Monday, Thursday and Saturday, announced the airline on June 24. The route will be served by [...] The post Vietnam airlines announces two more int'l routes appeared first on Vietnam Business News.

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