December 19, 2011
File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop bullion production. Huge losses and unemployment for hundreds of workers loom as gold bullion producers prepare to [...]
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November 21, 2011
Bao Tin Minh Chau gold bars are displayed for sale at a gold shop in Hanoi Experts say gold buyers may fall victim to new restrictions planned for the bullion market, with concerns rising over potential monopolistic control. Dinh Nho Bang, vice chairman of the Vietnam Gold Traders Association, said the plan to reduce [...]
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November 11, 2009
The local gold market experienced a day of ups and downs on November 11 when the gold price hit 29 million dong a tael at 12 o’clock, the highest ever in history. Bao Tin Minh Chau gold store this noon. At 11.57am today, companies listed gold price at up to 29.20 million/tael, at least 200,000 dong [...]
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November 10, 2009
Domestic gold continued smashing its record value, registering a high of VND26.85 million per tael, buoyed by speculation and the fast increase of gold prices on the global market. Gold gained more than VND700,000 per tael (one tael is equal to 1.2 ounce) compared to Sunday, almost VND1.3 million per tael up from Friday. Gold [...]
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October 28, 2009
LookAtVietnam – Demand for wedding rings and jewelry on the domestic market has sharply increased by 30-50 per cent in recent times despite climbing gold prices. Customers this year preferred simple wedding rings.Domestic jewelry companies have sometimes faced gold shortages, affecting their ability to produce wedding products, despite stockpiling high volumes of gold for the [...]
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September 11, 2009
LookAtVietnam – Recently local newspapers have reported that the domestic gold price has been increasing “chaotically.” Senior financial analysts deny this. Financial experts like Le Van Hinh, the former Head of the State Bank of Vietnam’s Economic Analysis Division, assert that the disparity between domestic and world gold prices has never reached 500,000 dong [...]
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June 4, 2009
LookAtVietnam – Domestic gold trading is stagnating despite consecutive records hit in the price of the precious metal. “Most clients have come here to sell a small amount, while very few clients have made purchases. There is a freeze in the gold trade”.The gold price is listed about VND21.5 million (US$1,209) per tael (a tael [...]
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May 22, 2009
LookAtVietnam – The domestic price for gold rose 0.99 per cent to a new average record high of VND20.3 million (US$1,141) per tael yesterday. Sai Gon Jewellery Holding Co and Bao Tin Minh Chau Jewellery Co listed the buying and selling price at about VND20.26-20.34 million per tael, up VND160,000-180,000 against Wednesday.The rise followed the [...]
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May 1, 2009
Investors watch electronic boards at SHS Wall Street Gold Trading Floor. Domestic gold prices continued their downward spiral, losing more than VND150,000 to VND19.65 million ($1,110) per tael. LookAtVietnam – Speculators ignored the rain in Ha Noi, Hai Phong and HCM City yesterday to sell their gold.They did so as the precious metal continued its [...]
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April 24, 2009
LookAtVietnam – The street price of the US dollar has begun to rise despite the central bank’s warning that it will investigate and tighten the monitoring of the currency market. Banks complained that they were in short of US dollars because enterprises that earn their revenue in the currency do not want to sell it [...]
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