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Gold in Vietnam lost by VND100,000 a tael

Price of gold in Vietnam lost by VND100,000 a tael (1.2 ounces) over the previous day on July 11 but failed to reflect a decrease of 1.3 percent in global price at the trading session in New York last night, widening the gap between domestic and global price to VND2.3 million a tael. Saigon Jewelry Company, Vietnam’s biggest gold processer...

Posted date: Wed, 11 Jul 2012 - From: Gold News

Gold falls further

Price of gold in Ho Chi Minh City continued to fall on July 9 compared to the previous week, while financial institutions sold dollar at VND20,900, with Vietcombank offering the highest purchase price at VND20,910. As of 8.45am on July 9 in Ho Chi Minh City, gold price at Saigon Jewelry Co (SJC), Vietnam’s biggest gold trader, was VND41.64...

Posted date: Tue, 10 Jul 2012 - From: Gold News

Local gold prices edged down on Monday morning

Local gold prices edged down on Monday morning to VND41.8 million/tale on Friday and local premium continued to stay high at VND2 million a tael. Hanoi SJC gold is quoted at VND41.71 million/tael for bid and VND41.8 million/tael for ask, respectively as of 11:00 local time. Thang Long gold, produced by Bao Tin Minh Chau company, is quoted at...

Posted date: Mon, 09 Jul 2012 - From: Gold News

Investors favour penny stocks

HA NOI — Shares closed higher yesterday on the HCM City bourse but fell again on the Ha Noi exchange on sluggish trading. On the HCM City Stock Exchange, the benchmark VN-Index gained another 0.39 per cent to finish yesterday at 415.44 points on a turnover of VND629.4 billion (US$30 million), up 36 per cent from a day earlier. Advancers...

Posted date: Sat, 07 Jul 2012 - From: Gold News

Bullion plummets further

Price of gold in SJC stores in Ho Chi Minh City fell by VND100,000 a tael this morning, affected by losing momentum in global price. As of 8.45am this morning in Hanoi, gold price at Saigon Jewelry Co (SJC), Vietnam’s biggest gold trader, was a little lower than VND100,000 a tael compared to yesterday, falling to around VND41.72 million to...

Posted date: Sat, 07 Jul 2012 - From: Gold News

Saigon Jewelry chosen as VN gold trademark

The State Bank of Viet Nam has selected Saigon Jewelry Co (SJC) as the national gold trademark, the bank’s deputy dovernor, Le Minh Hung, announced on the central bank’s website. “The State Bank (SBV) has reported the decision to the Government after receiving the agreement of the HCM City People’s Committee, which has oversight over...

Posted date: Sat, 07 Jul 2012 - From: Gold News

Gov’t selects SJC brand for gold bullion

Le Minh Hung, deputy governor of State Bank of Vietnam, yesterday replied to questions at a press conference regarding concerns as to which gold brand will be selected as a state brand, with many consumers still holding gold bullion of different brand names. These answers have been long awaited after government Decree 24 was issued on...

Posted date: Sat, 07 Jul 2012 - From: Gold News

Gold hovers around VND42.1 million

Price of gold in Vietnam retreated to around VND42.1 million a tael (1.2 ounces) on July 5 while global price edged up slightly under US$1.620 an ounce. Saigon Jewelry Company, Vietnam’s biggest gold processer and trader, collected the metal at VND41.95 million and sold at VND42.10 million as of 9.50am Vietnamese time. Vietnam Export...

Posted date: Sat, 07 Jul 2012 - From: Gold News

Gold dips as global price plummets

Price of gold in Vietnam fell by VND100,000, dragging the precious metal down to VND42 million a tael, after global price plummeted. Saigon Jewelry Co (SJC), Vietnam’s biggest gold trader, lost over VND100,000 compared to yesterday’s closing price, falling to around VND41.85 and VND42 million a tael for bid and ask, respectively as of 9am...

Posted date: Sat, 07 Jul 2012 - From: Gold News

Banks getting bore to death with gold

The tightened regulations on gold mobilization and lending, the new policies on the gold market management, plus the gold price going downward have all made commercial banks get tired of gold. On June 25, 2012, the State Bank released a document requesting commercial banks to stop mobilizing and lending in gold on schedule following the...

Posted date: Thu, 05 Jul 2012 - From: Gold News

Gold surges slightly in Vietnam

Saigon Jewelry Company, the biggest gold processer and trader in Vietnam, bought gold at VND41.81 million, and sold at VND41.96 million in HCMC; and VND41.98 million in Hanoi and the central city of Da Nang at 10.00am Vietnamese time. Sacombank quoted price at VND41.89 million for buying and VND41.93 million for selling at 10.30am Vietnamese...

Posted date: Thu, 05 Jul 2012 - From: Gold News

Bullion edges up in Vietnam

Price of gold in Vietnam edged up VND140,000 a tael (1.2 ounces) on July 4, after surge in global price. Saigon Jewelry Company, the biggest gold processer and trader in Vietnam, bought gold at VND41.95 million, and sold at VND42.10 million in HCMC; and VND42.12 million in Hanoi and the central city of Da Nang at 10.00am Vietnamese...

Posted date: Thu, 05 Jul 2012 - From: Gold News

Gold fluctuates again

Affected by losing momentum in global price, the price of gold in Vietnam slid by VND70,000 a tael (1.2 ounces) before rebounding again on July 2 while the US dollar stood above VND20,900 per dollar. Saigon Jewelry Company, the biggest gold shop in Vietnam, bought gold at VND41.77 million, and sold at VND41.92 million at 9.55am Vietnamese...

Posted date: Mon, 02 Jul 2012 - From: Gold News

Real estate debts at alarming rate

Total outstanding loans to the real estate sector were estimated at around VND348,000 billion, nearly doubling the reported figure by banks. According to the 2011 report by the National Financial Supervisory Committee, the real estate sector’s bad debts reached VND56,770 billion, up 8.4 times. Ho Chi Minh City led the nation with a real...

Posted date: Sat, 30 Jun 2012 - From: Gold News

June 29: vietnam gold pares loss in afternoon session on eu support

Local gold prices pared the early loss to edge down to VND41.7 million/tale threshold on Friday afternoon as world gold prices recovered 1% today after a sharp fall yesterday, local premium soared to VND2.2 million a tael. Hanoi SJC gold is quoted at VND41.57million/tael for bid and VND41.74 million/tael for ask, respectively as of 14:00 local...

Posted date: Sat, 30 Jun 2012 - From: Gold News