Vietnam exports $450Mln gold and gemstone in September, down 42% on month

Vietnam’s export turnover of gemstone and precious metals reached $450 million in September, down 41.86% from August, the General Statistics Office (GSO) said.

Vietnam’s export turnover of gemstone and precious metals reached $450 million in September, down 41.86% from August, the General Statistics Office (GSO) said.

However, in the first nine months of the year, total export turnover of gemstone and precious metals (mainly gold) hit $2.781 trillion, up 4.5% on year and accounting for 5.4% of total export turnover.

Since July, local gold prices have been roughly VND250,000/tael-500,000/tael lower than those in global market, which stimulated the gold export efforts.

Earlier, total export turnover of gemstone and precious metals (mainly gold) amounted nearly $6million in the first half of August, it rose $768 million to $774 by 31 of August, said Department of Vietnam Customs.

Importers of Vietnam’s gemstone and precious metals include Swiss ($647.78 million), US ($4.64 million), France ($3.85 million), Japan ($1.87 million), Australia ($1.22 million), HongKong($1.11 million) and others. – Stoxplus.com

Tags: Vietnam gemstone, vietnam gold, Vietnam gold exports, Vietnam gold market

Posted by VBN on Sep 27 2010. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry