The Governor of the State Bank of Vietnam, Nguyen Van Giau, confirmed that “ there is no gold scarcity in Vietnam and gold import is not yet urgentâ€, the local newswire Dan Tri reported in Vietnamse on September 30. Giau admitted that it is difficult to foresee that world gold prices hit the current record [...]
Vietnam banks are expected to trim down deposit interest rates to 11% p.a from 11.2% by October 15 as pledged with Vietnam Banks’ Associations (VNBA) in June, as long as the stubborn credit knots are unraveled. Vietnam banks are expected to trim down deposit interest rates to 11% p.a from 11.2% by October 15 as [...]
Local gold prices on September 30 fell sharply by up to VND150,000 a tael after hitting the record high of VND31.35million/tael yesterday, dollar prices heated up on black market to VND19,710. The local gold dealers have adjusted listed gold prices for several times this morning and still keep spread between bids and asks as big [...]
The State Securities Commission (SSC) this year has approved the largest ever number of share offerings by listed firms, sparking concerns of oversupply. SSC as of the end of July had permitted enterprises issue around VND61 trillion worth of shares while it was only VND19.3 trillion in the whole 2009, said Bui Hoang Hai, deputy [...]
A majority of Vietnam’s small-and medium-sized enterprises (SMEs) believed in their decisive role for the future of the national economy and their business development prospects. The result was indicated in an annual survey on Asia’s business situation conducted by the world’s leading transportation group UPS called Asia Business Monitor (ABM) which was announced on September [...]
Over the past eight months, export prices of many agricultural products increased significantly, for instant cashew nuts prices increased by 18.9%, tea increased by 11.2%, pepper 39.9%, rice 2.8%. According to the prediction by Ministry of Agriculture and Rural Development, and Ministry of Industry and Commerce, in the end of this year, export prices of [...]
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