Posts Tagged ‘ gold ’

US$ price drops on black market, gold rises

December 26, 2008
US$ price drops on black market, gold rises

VietNamNet Bridge – The greenback seems to have become short of breath after it reached the VND17,600/US$ peak on the black market, decreasing considerably on December 25 in the afternoon. However, there have been no big changes with the transactions on the market. The dollar price escalated to VND17,500/US$1, and then VND17,600/US$1 on December 25, [...]

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Vietnam to put rules on gold trading floors

December 24, 2008
Vietnam to put rules on gold trading floors

VietNamNet Bridge – SBV is hurrying to complete the draft regulations on the management of gold trading floors. The document has been long awaited by investors, which is believed to help stop the problems on the floors. By December 2008, over 10 gold trading floors have been established and become operational. These do not include small [...]

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Vietnam’s toilet tank takes gold medal at int’l exhibition

December 23, 2008
Vietnam’s toilet tank takes gold medal at int’l exhibition

VietNamNet Bridge – Vietnamese engineers have won the gold medal at an international creativeness exhibition, in Seoul, South Korea, for their new-style of toilet tank. In the past two years, hundreds of toilet tanks of this kind have been installed in Ba Ria – Vung Tau.VietNamNet Bridge – Vietnamese engineers have won the gold medal [...]

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Gold market still waiting for bigger waves

December 23, 2008
Gold market still waiting for bigger waves

VietNamNet Bridge – The hope of gold investors about a new price hike wave disappeared almost as soon as it arose. The gold price only increased slightly yesterday and then began going down again. Earlier this morning, SJC gold price was quoted at VND17.2mil/tael (purchase) a decrease of VND20,000/tael over yesterday afternoon, while the sale [...]

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Vietnam Airlines pilot faces charges for smuggling gold

December 23, 2008

Police in Ho Chi Minh City have wrapped up investigation into a case involving an airline pilot and two others who attempted to smuggle around 1.5 kilograms of gold to Russia in 2006. Investigations found Pham Minh Tuan, a pilot of Vietnam Airlines Corporation’s crew No. 919 who was arrested on November 10, was actual [...]

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With no management, gold trading floors may turn into casinos

December 22, 2008
With no management, gold trading floors may turn into casinos

VietNamNet Bridge – The story about the troubles on ACB gold trading floor has raised a lot of worries about the bad management of gold trading floors. Nguyen Thanh Toai, Deputy General Director of ACB, called the mistake of entering the wrong gold sale price on December 10 (VND17,000/tael instead of VND17mil) a ‘regrettable incident’. [...]

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Toan, Tu take gold at world performance champs in Turkey

December 22, 2008
Toan, Tu take gold at world performance champs in Turkey

VietNamNet Bridge – Nguyen Dinh Toan and Nguyen Minh Tu bagged a gold medal in the mixed doubles of the World Taekwondo Performance (Poomsea) Championships in Ankara, Turkey over the weekend. The Hanoian duo grappled with powerful opponents from Spain, Turkey and Italian on their way to victory.Earlier, Toan took silver in the men’s singles, [...]

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Gold drops nearly 3 pct as dollar rises against euro

December 20, 2008
Gold drops nearly 3 pct as dollar rises against euro

Gold dropped more than 2 percent in thin volumes Friday as the euro lost ground against the dollar and bullion’s recent rally slowed the pace of physical purchases, traders and analysts said. Spot gold fell to US$833.70 an ounce by 11:16 GMT, against $852.15 an ounce late in New York on Thursday. It had traded [...]

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Martial artists grab gold for VN

December 19, 2008
Martial artists grab gold for VN

VietNamNet Bridge – It was a great day for Vietnamese martial artists yesterday at the ASEAN University Games in Malaysia, with five golds and one silver won. Photo:  www.travelatvietnam.comNguyen Ngoc Thanh triumphed in the men’s karate kumite (combat) open event by trouncing Yellovin Prasetyo Piscessa from Indonesia 8-3 in the final match.His victory was a [...]

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Gold prices jump as Fed lowers prime rate

December 18, 2008
Gold prices jump as Fed lowers prime rate

VietNamNet Bridge – Gold jumped about VND250,000 (US$14.79) per tael yesterday to as high as VND17.45 million in an immediate response to the US Federal Reserve’s lowering of the prime interest rate to a record low of 0.25 per cent. The Sai Gon Jewellery Co (SJC) listed the buying-selling price at VND17.22/17.42 million ($1,018-1,030) per [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...