Business

Gold price climbs to local record

The price of gold reached a new high on Oct. 8 of over 23 million VND (1,292 USD) a tael in the local market.

Late on Oct. 7, the gold price listed in major jewellery shops like Bao Tin Minh Chau or Sai gon Jewelleries (SJC) officially climbed to 23 million VND per tael. Earlier on Oct. 8 morning, the shops opened with an even higher buying/selling price of between 23.15 million VND (1,300 USD) and 23.25 million VND (1,306 USD).
World

GMS countries discuss energy development

Officials from several agencies of the member countries of the Greater Mekong Sub-region (GMS) are gathering in Phnom Penh, Cambodia, to discuss the development of energy in the sub region.
Business

Property stocks buoy indices

Heavy purchases of property stocks helped lift the VN-Index up by 0.55 percent on Oct. 6 to a close of 552.03, after four consecutive falling sessions on the Ho Chi Minh Stock Exchange
Business

Third Vietnam-UK trade meeting opens in Hanoi

The third Vietnam-UK Joint Economic and Trade Committee (JETCO) meeting was held in Hanoi on Oct. 6 to diversify trade and increase export turnover as well as boost bilateral relations.
Business

Stock market index ends down

The VN-Index closed at 549 points on Oct. 5, down by 0.73 points, or 0.13 percent, against the previous trading day.
Business

Vietnam, Cambodia set up food, fertilizer companies

Four Vietnamese and Cambodian companies signed official contracts on the establishment of the Cambodia-Vietnam Foods Company and the Cambodia Five-stars International Fertiliser Company in the Cambodian capital of Phnom Penh on October 5.
Politics

Vietnam, Germany ready for new stage of cooperation

Vietnam and Germany are ready for a new stage of dynamic and more effective cooperation, Conrad Cappell, German Consul General in Ho Chi Minh City , said on Oct. 1. Cappell made the remarks while attending a celebration of his country’s 19th unification day, and took the opportunity to also extend condolences from the German government and people on the heavy loss of life and property in Vietnam ’s central provinces due to the recent tropical storm Ketsana.
Business

Tax cut on Vietnamese garments exports to Japan

Vietnam ’s garments and textiles exports to Japan will be subject to zero percent import duties from October 1, which has raised estimates of the years earnings to 1 billion USD, up 20 percent from last year.
Business

City trading value breaks record

Huge sales pushed the VN-Index down 0.13 percent to close at 582.11 points, snapping its nine-day gaining streak on the HCM Stock Exchange.
Business

Index rises again on property shares

Gains by real estate shares continued as a major force driving the HCM Stock Exchange on Sept. 22, pushing the VN-Index up 4.88 points to close at 582.85.
Business

Hanoi exchange launches bonds market

The Hanoi Stock Exchange on Sept. 24 will inaugurate a new bond market for Government bond trading, in an effort to promote transparency and gradually develop it as an effective investing channel.