The price of gold in Vietnam was approaching VND38 million a tael (1.2 ounces) on May 31 as the metal gradually advanced in the past two weeks. Sacombank Jewelry Company bought the metal at VND37.74 million and sold at VND37.8 million as of 10:20 am local time. Meanwhile, Hanoi-based Phu Quy Jewelry bought SJC-brand gold [...]
Securities companies are not allowed to lend money to customers to purchase securities, except for other rules issued by the Ministry of Finance. This is one of the important contents of the draft circular on the regulation on organisation and operation of securities companies that the State Securities Commission has sent out for comments. In [...]
A Vietnamese delegation, led by Pham Quang Vinh, Assistant minister for Foreign Affairs and Head of Senior Officials Meeting (SOM) Asean Vietnam participated in the 24 th Asean – US Dialogue in Washington on May 25-26. The Philippines, in its capacity as the Country Coordinator for Asean – US relations led the Asean delegations. From [...]
Vietnam Prosperity Commercial Joint Stock Bank (VPBank) has recently announced to successfully connect with the VNBC network via Smartlink system. With this connection, VPBank’s customers will connect with over 26,000 POS in Smartlink Alliance. In addition, VPBank will expand the POS transaction network with over 1,530 POS under VNBC network. Therefore, the cardholders can make [...]
Consumer price index (CPI) rose 2.21 percent in May, slowing down in comparison to 3.32 percent in the previous month. Deposit rates now do not seem to continue with jumps supported from re-financing cash flows. The State Bank of Vietnam (SBV) has hinted to buy back US dollars after the dong/dollar exchange rate dropped to [...]
The set of indicators will include all subsidiaries under the Vietnam National Oil and Gas Group (PetroVietnam-PVN) which are listing shares on Hochiminh Stock Exchange (STC), Hanoi Stock Exchange (HNX) and UPCoM. PVN-index is built according to the international standards to create reliable reference index, fully reflecting the fund operations of PVN’s offshoots, help local [...]
Eurocham, in the letters sent to Minister of Finance, Vu Van Ninh and Minister of Industry and Trade, Vu Huy Hoang, wrote that the application of new restrictions on the import of 100 consumer goods is the violation of the regulations in international trade. Meanwhile, Vietnamese officials have denied this. Several days ago, the Ministry [...]
Despite a strong rebound seen in the last two sessions, attractive prices after a prolonged downward spell, and observations that all macro-economic uncertainties have been factored in, brokers are still skeptical about asustained uptrend this week. Several securities enterprises are afraid that after a 10-day losing streak came to an end last week, the upward [...]
Vietnam’s state budget deficit is estimated to amount to VND22.3 trillion as of May 15 this year, equal to 18.5% of the year estimate (VND120.6 trillion), the state-run online newspaper VnEconomy quoted General Statistics Office (GSO)’s data. The state budget revenues were estimated at VND248 trillion as of mid May, meeting 41.7% of year target [...]
The price of SVR 3L, the major rubber variety Vietnam exports, has increased by 3.6 percent to US$488 per ton on the world market in the past two weeks, the Vietnam Rubber Group said. This has boosted the domestic prices of latex by 9.4 percent to VND30000-36000 per liter, it added. The hike in prices [...]
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