Saigon Thuong Tin Commercial Joint Stock Bank, or Sacombank, has got approval from the State Bank of Cambodia to open a 100-percent foreign-invested bank subsidiary there, its Chairman Dang Van Thanh announced yesterday. Thanh said the Sacombank Cambodia, which was upgraded from Sacombank’s Phnom Penh branch, was scheduled to officially open in October 5. Sacombank [...]
Vietnamese stocks closed down today in a volatile trading session as investors stayed cautious. The benchmark VN Index lost 0.48 point, or 0.11%, to end at 427.6. Volume fell 56% to 34.4 million shares worth VND0.81 trillion including 5 million shares worth VND323.8 billion changed hands in the put-through deals. The plunge in volume indicated [...]
The price of gold in Vietnam recovered to around VND44.5 million a tael (1.2 ounces) on September 30 as global price struggled to jump over $1,600 an ounce amid investor cautiousness. Sacombank Jewelry Company bought gold at VND43.91 million and sold at VND44.91 million at 10:40 am local time. Saigon Jewelry Company, the largest processor [...]
(Reuters) – Gold rose on Friday on lingering worries of a global economic slowdown, and the price of bullion notched its biggest quarterly gain of this year even after a sharp pullback from a record hit this month. Gold posted a quarterly gain of 8 percent — its biggest this year, despite a drop of [...]
(Reuters) – Gold retreated on Friday as gains in the dollar pressured commodities priced in the U.S. unit, and was set to end September with its biggest monthly drop in nearly three years after recent weeks’ heightened volatility spooked buyers. The metal remained on track for its biggest quarterly gain this year, however, as concerns [...]
It looks like silver will end the month with a hefty loss of more than 27%, but analysts are still optimistic that demand for the white metal, and prices, are in for a rally — if coin demand offers any indication. Earlier this week, Dillon Gage Metals said the U.S. Mint hasn’t been able to keep [...]
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