January 31, 2010
A woman talks on the phone at Asia Commercial Bankâs gold trading floor in Ho Chi Minh City Vietnam gold exchanges said they would close far ahead of the governmentâs deadline due to a halting decline in trading volumes. Earlier this month, the State Bank of Vietnam told banks to halt lending for gold investments [...]
Tags: 000 Taels, Asia commercial, Asia commercial bank, Co Floor, Commercial bank, Deputy general, Deputy general director, director, exchange, Eximbank, floor, floors, General, General director, Gold Exchange, Gold Exchanges, Gold Trading, Gold Trading Floor, Gold Trading Floors, Its Gold, January, Lay Offs, lending, Other Positions, percent, Said They Would, Taels, The country, The Decision, The Floors, To Other Positions, trade, Trade Volume, trading, Trading Floor, Trading Floors, Vieta Bank, Vietnam, Vietnam Gold, volume
Posted in Business, News | Comments Off
January 25, 2010
LookAtVietnam – Commercial banks, which have been warned about difficulties in 2010, do not want to set overly high profit targets for 2010. The Government has sent a clear message that the credit growth rate in 2010 must not exceed 25 percent – a rate that is much lower than the 38-39 percent in 2009. [...]
Tags: banks, billion, Billion Dong, Billion Dong Worth, Chartered Capital, Dong Worth, floors, Gold Trading, Gold Trading Floors, Growth rate, His Bank, In 2009 When, percent, profit, Profit Targets, Profit Targets For, targeted:, targets, The bank, The government, The Profit, The Targeted, trading, Trading Floors, trillion, Trillion Dong
Posted in Business, News | Comments Off
January 15, 2010
LookAtVietnam – Trading volumes on gold trading floors have been decreasing dramatically, although gold trading floors will only officially stop operating after March 30. On January 13 and 14, a number of gold exchanges announced they had stopped providing loans to fund gold investments and released plans to shut down their floors. Many gold trading [...]
Tags: 000 Taels, 100 Percent, Bank Released, Bao Kinh, Down Gold, Down Gold Trading, Down Gold Trading Floors, exchanges, floors, Gold Exchanges, Gold Investments, Gold Investments And, Gold Trading, Gold Trading Floors, Gold Trading Floors The, investments, investors, January, Kinh Te, percent, Providing Loans, released, Security Money, shutting, Shutting Down Gold, Shutting Down Gold Trading, State bank, Taels, Te Vietnam, The Floors, The Required, The state, The state bank, The Trading, The Trading Volume, The volume, Thoi Bao, Thoi Bao Kinh, trading, Trading Floors, Trading Floors The, Trading Volume, Vietnam, volume, Were Made
Posted in Business, News | Comments Off
January 15, 2010
The trading volumes on gold trading floors have been decreasing dramatically, though gold trading floors will only officially stop operating after March 30, 2010. On January 13 and 14, a lot of gold exchanges unanimously announced that they stopped providing loans to fund gold investments and released the plan to shut down the floors. Many [...]
Tags: 000 Taels, 100 Percent, Bank Released, Bao Kinh, Down Gold, Down Gold Trading, Down Gold Trading Floors, Down The Floors, exchanges, floor, floors, Gold Exchanges, Gold Investments, Gold Investments And, Gold Trading, Gold Trading Floor, Gold Trading Floors, investments, investors, January, January 15, Kinh Te, morning, percent, Providing Loans, released, Security Money, shutting, Shutting Down Gold, Shutting Down Gold Trading, State bank, Taels, Te Vietnam, The Floors, The Required, The state, The state bank, The Trading, The Trading Volume, The volume, This Morning, Thoi Bao, Thoi Bao Kinh, trading, Trading Floor, Trading Floors, Trading Volume, Vietnam, volume, Were Made
Posted in Business, News | Comments Off
January 7, 2010
LookAtVietnam – In-kind gold transactions are increasing following the decision to shut down gold trading floors. Nguyen Cong Tuong, an executive of the Saigon Jewelry Company (SJC), said the company is selling over 10,000 taels a day – a volume which much higher than previous months. Meanwhile, the volume of gold it is purchasing remains [...]
Tags: 000 Taels, company, Dollar Per, Dollar Per Ounce, Dong Per, Dong Per Tael, First Week, floor, floors, Gold Exchanges, Gold Market, Gold price, Gold Shops, Gold Trading, Gold Trading Floors, higher, In Kind Gold, In Kind Gold Market, In The First, In The First Week, investors, January, Jewelry Company, Kind Gold, Kind Gold Market, market, On The Floor, Per Day, Per Ounce, Per tael, price, shops, State bank, Taels, Taels Per, Taels Per Day, The company, The Decision, The first, The First Week, The Floor, The Gold, The Gold Price, The state, The state bank, The volume, The world, To Trade Gold, To Tuong The, Trade Gold, trading, Trading Floors, Tuong, volume, While Gold, world
Posted in Business, News | Comments Off
January 4, 2010
Investors follow developments in gold prices at a gold trading floor in Ho Chi Minh City (File photo: SGGP) LookAtVietnam – Gold businesses and analysts have hailed the Government’s decision to shut down all gold trading floors by March 30, calling it a sound decision. After two years of trial operations, the floors have failed [...]
Tags: Chi minh, Chi minh city, decision, floors, Gold Businesses, Gold Trading, Gold Trading Floors, Ho Chi, Ho Chi Minh, Ho Chi Minh City, investors, Minh city, operations, sound, Sound Decision, The economy, The Floors, The government, The state, trading, Trading Floors, Two Years
Posted in Business, News | Comments Off
December 31, 2009
Vietnam will close around 20 gold trading floors that allow investors to leverage bets on the precious metal, the central bank said on Thursday, part of measures to stabilize the countryâs foreign exchange market. The State Bank of Vietnam, the central bank, said in a statement that gold trading instruments must be withdrawn by March [...]
Tags: 20 Gold, 20 Gold Trading, 20 Gold Trading Floors, Around 20, Central, Central bank, Central Bank Said, Country, dollars, floors, Foreign Exchange, Gold Imports, Gold Trading, Gold Trading Floors, Government, investors, March 30, market, The central, The central bank, The Central Bank Said, The country, To More Than, To Stabilize The, trading, Trading Floors, Vietnam
Posted in Business, News | Comments Off
December 28, 2009
LookAtVietnam – Gold prices for 2009 broke records continuously, climbing to their highest level in history. The decision to allow gold imports, released on November 11, successfully cooled the market.Here are the nine most outstanding features of the gold market from Thoi Bao Kinh Te Vietnam. Record-setting year The gold price increased steadily in the first, second [...]
Tags: 11 Successfully, 11 Successfully Cooled, 11 Successfully Cooled The, Allow Gold, Allow Gold Imports, And Third Quarters, By Information That, Cooled The Market, December, dollar, domestic, Domestic gold, Domestic gold price, Dong Per, Dong Per Tael, Gold Imports, Gold Market, Gold price, Gold Price Increased, Gold prices, Gold Trading, Gold Trading Floors, Has Increased, In The Fourth, increased, India, investors, Ldquo, market, million, Million Dong, Million Dong Per, Million Dong Per Tael, November, November 11, people, Per Ounce, Per tael, percent, price, Price Increased, prices, purchase, Purchase Gold, Rdquo, Second And Third, Second And Third Quarters, State bank, Successfully Cooled, Successfully Cooled The, Successfully Cooled The Market, The Decision, The Dollar, The domestic, The Domestic Gold, The Domestic Gold Price, The first, The Fourth, The Gold, The Gold Market, The Gold Price, The Gold Price Increased, The Ldquo, The market, The world, The year, Third Quarters, This year, This Year The, To Allow Gold, To Allow Gold Imports, To Purchase Gold, Trading Floors, Vietnam, With The World, world
Posted in In depth, Reports | Comments Off
December 24, 2009
LookAtVietnam – Both solutions proposed by the State Bank of Vietnam to limit problems with gold exchanges face strong opposition from experts . Gold investors on ACB gold trading floorThe first proposed option, Option One, would see the State Bank of Vietnam (SBV) prohibit gold exchanges claiming they do not benefit society. The second, Option Two [...]
Tags: Backed, banks, By Commercial Banks, Collateral, Commercial, Commercial banks, exchanges, floors, Gold Exchanges, Gold Investors, Gold Trading, Gold Trading Floors, investors, Ldquo, option, Prohibit, Prohibit Gold, Prohibit Gold Trading, Prohibit Gold Trading Floors, Said ldquo, State bank, The state, The state bank, trading, Trading Floors, Vietnam
Posted in Business, News | Comments Off
December 22, 2009
LookAtVietnam – Analysts say that now is not the right time to begin imposing tax on gold investors. The Ministry of Finance is attempting to tax the profits of investors 20 percent. Two methods of tax collection have been proposed. In the first one, gold investors temporarily pay 0.002 percent on the purchase prices, no matter [...]
Tags: 20 Percent, agencies, Agencies And Pay, At Customs Agencies, At Customs Agencies And, By The State, By The State Bank, Customs Agencies, Customs Agencies And, Customs Agencies And Pay, director, Finalization, floors, General, General director, Gold Exchanges, Gold Investors, Gold Investors Will, Gold Trading, Gold Trading Floors, income:, investment, investors, Investors Will Make, Pay 20, percent, profits, Sang Said That, State bank, Tax Finalization, Taxable Income, taxation, Temporarily Pay, The general, The General Director, The state, The state bank, The tax, trading, Trading Floors, Vietnam, While Gold
Posted in Business, News | Comments Off
