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Price of gold in Vietnam surged to VND41.6 million a tael (1.2 ounces) on May 18 as global price unexpectedly jumped by more than 2 per cent from a ten-month low at the trading session in New York last night. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.43 million and sold at VND41.63...
Posted date: Fri, 18 May 2012 - From: Gold News
Individuals and institutions can re-open their international gold accounts if they receive permission of the Prime Minister and are granted license by the SBV. The State Bank of Vietnam (SBV) has recently released the draft regulation to amend the ordinance on foreign exchange control, stipulating that individuals and institutions can open...
Posted date: Thu, 17 May 2012 - From: Gold News
The gap between domestic and global gold prices remains large despite the Government's efforts, according to independent market experts. Experts said in April that the State Bank of Viet Nam issued a decree to restrict trade in gold bullion to stabilise the gold market, check hoarding and speculation, narrow the gap between the domestic and...
Posted date: Thu, 17 May 2012 - From: Gold News
Price of gold in Vietnam sank below VND41 million a tael (1.2 ounces), the lowest level since late July last year on May 16 while global price weakened due to concern over European sovereign-debt crisis. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND40.75 million and sold at VND40.95 million...
Posted date: Thu, 17 May 2012 - From: Gold News
Price of gold in Vietnam slumped by VND500,000 a tael (1.2 ounces) over the previous day to a nine-month low on May 15 after global price fell by more than 1.5 per cent at the trading session in New York last night. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.09 million and sold at...
Posted date: Tue, 15 May 2012 - From: Gold News
Vietnam Gold Traders Association (VGTA) said it will propose the Ministry of Finance (MOF) to cut export duty on jewelry gold to 0-1% from current 10%, the local online newspaper Tri Thuc Tre (TTVN) reported. VGTA will also suggest abolishing quotas for gold export and import; allowing commercial banks to trade gold on account; and setting up a...
Posted date: Tue, 15 May 2012 - From: Gold News
Vietnam gold fell to VND41.24 million/tael on Tuesday morning following world gold prices. SJC Hanoi quoted at VND41.07 million/tael for bid and VND41.24 million/tael for ask, respectively as of 8:44 am, Hanoi time. Techcombank-gold was listed at VND41.08-VND41.20 million/tael for bid and ask, respectively. Rong Thang Long gold, a product...
Posted date: Tue, 15 May 2012 - From: Gold News
The price of gold in Vietnam declined slightly over last weekend on May 14 while global price edged up thanks to bottom fishing. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.43 million and sold at VND41.58 million as of 9.58am Vietnamese time. Hanoi-based Phu Quy Jewellery Company...
Posted date: Mon, 14 May 2012 - From: Gold News
The merger of troubled lender Habubank with Saigon-Hanoi Commercial Joint Stock Bank will help bring down the former’s bad debt ratio but liquidity will remain a problem, an official said. Bad debts at Habubank reached 16.06 percent of total loans at the end of February, but the ratio is expected to fall to 12.88 percent after the merger,...
Posted date: Sun, 13 May 2012 - From: Gold News
Some banks halted mobilizing gold completely or lowered interest rates for gold deposits after the State Bank of Vietnam (SBV) extended the time for credit institutions to mobilize gold to Nov 25/2012, the local newswire VnExpress.net reported. Commercial banks raised gold to pay customers upon request or to convert into domestic currency,...
Posted date: Sun, 13 May 2012 - From: Gold News
Vietnam gold gained this morning from yesterday close to VND41.67 million/tael . The world gold prices rose in New York trade last night but eased in Asia trade this morning. SJC Hanoi quoted at VND41.50 million/tael for bid and VND41.67 million/tael for ask, respectively as of 8:59 am, Hanoi time. Sacombank-SBJ gold was listed at...
Posted date: Fri, 11 May 2012 - From: Gold News
Price of gold in Vietnam surged marginally over the previous day on May 11 while global price continued to be tagged by losing trend. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.64 million and sold at VND41.79 million as of 10.03am Vietnamese time. Hanoi-based Phu Quy Jewellery Company...
Posted date: Fri, 11 May 2012 - From: Gold News
Despite a mild contraction of gold prices in foreign markets, the local market on Tuesday afternoon saw gold prices falling off the VND42 million/tael level and hit a record low this year due to increased selling. By 1:50 p.m. on Tuesday, Saigon Jewelry Company (SJC) had quoted a tael of gold at VND41.66 million for buying and VND41.96 million...
Posted date: Thu, 10 May 2012 - From: Gold News
Price of gold in Vietnam fell by VND1 million a tael (1.2 ounces) over the previous day to the lowest level in past nine months on May 9 fueled by a sharp drop in global price. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.21 million and sold at VND41.36 million as of 11.03am Vietnamese time....
Posted date: Thu, 10 May 2012 - From: Gold News
Price of gold in Vietnam averted sinking to below VND41 million a tael (1.2 ounces) on May 10 while global price also edged up after three days of losses. Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.49 million and sold at VND41.64 million as of 10.23am Vietnamese time. Hanoi-based Phu...
Posted date: Thu, 10 May 2012 - From: Gold News