Vietnam Gold Traders’ Association does not share the same view point with the State Bank of Vietnam (SBV) on the central bank’s proposal of reducing taxable gold purity to 80% from current 99%, the online newspaper Thanh nien reported. The SBV’s proposal will force local firms to cut gold purity further to enjoy duty-free export, [...]
Open and market-oriented policies will put gold under control, says director Tran Trong Quoc Khanh of a gold shop of the Asia Commercial Bank. “Vietnam’s gold follows the global move. Yet there is still a gap between them as the domestic and international markets are not connected with each others,” Khanh says in an interview [...]
Vietnam’s foreign reserves cover only 1.6 months of import, which’s the lowest among emerging East Asian countries, said Asian Development Bank in its semi-annual publication “Asian Economic Monitor” released in July. According to trade figures in Jan-July, Vietnam’s foreign reserves are now estimated at $13 billion compared to $12.4 billion estimated by ADB earlier in [...]
Export activities between Viet Nam and Argentina increased 3.4 folds during the past five years, according to General Department of Customs statistics. Exports last year recorded revenues of US$917 million compared to only $271.6 million in 2006. During the first six months of this year, footwear and textile sectors experienced growth rates of more than [...]
The price of natural rubber exported to mainland China has decreased by roughly 1,000 yuan (US$ 155) to 31,000 yuan ($4812) per tonne against early July, according to the Viet Nam Rubber Association. The decrease has been attributed to an excess supply of rubber at Viet Nam-China border areas and Viet Nam having increased its [...]
Only about 210 of the 682 companies on the nation’s two stock exchanges have released their earnings reports for the second quarter, in accordance with the July 25 deadline mandated by law. In other words, about 70 per cent of the companies remained out of compliance with disclosure regulations. Among the leading firms that were [...]
The Ministry of Construction (MoC) in co-operation with city and provincial authorities will inspect all real estate trading floors to make sure trading and brokerage operations are in good order, Pham Gia Yen, chief ministry inspector, has said. Deputy Minister of Construction Nguyen Tran Nam said drastic action was necessary because of a recent series [...]
The HCM City People’s Committee has revoked its approval of a plan to import 10,000 tonnes of solid waste meant for testing waste management facilities belonging to a private firm. The solid waste treatment plant in question is located in the city’s Binh Chanh District. In an official dispatch sent on Thursday, the city administration [...]
The HCM City Tax Department said its efforts to crack down on transfer price abuse by foreign-invested firms have proved successful, with tax revenues in the first seven months increasing by 22 per cent. It joined battle two years ago with foreign-invested firms that under-reported profits or claimed losses by manipulating transfer pricing and they [...]
Foreign investment in the property sector this year has been the lowest in the last five years, with analysts attributing it to the lingering impact of the economic meltdown. FDI in the first half was US$5.66 billion, or just over than half the amount pledged in the same period last year. Of which, investment in [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price Silver prices