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Domestic gold price has ended the first week of the Lunar New Year 2012 with a straight rally to VND46 million a tael, its 2-month high. Though many big local gold traders, including Saigon Jewelry Co (SJC), Phu Nhuan Jewelry Co (PNJ) and Sacombank Jewelry Co (SBJ), have yet resumed their operations due to the [...]
Purchasing power does not drastically increase in the month approaching Tet to reduce the pressure of inflation this January, often the month of highest inflation each year, Ha Noi Statistics Office has said. The Consumer Price Index (CPI) of Ha Noi in January rose 0.96 per cent over the previous month, a relatively small number [...]
On Monday afternoon, most gold shops on Phan Dinh Phung Street in Phu Nhuan District, Ho Chi Minh City raised quoted prices to VND45 million per tael. The Kim Thanh Hao gold shop in Phu Nhuan District quoted selling SJC gold prices at VND45 million per tael with buying prices at VND44.5 million. Discrepancies between [...]
At 4:30pm Monday, a NOUVO LX motorbike fell and burst into flames after its driver swerved it to avoid hitting another bike on Ha Huy Tap Street, Vinh City in the central province of Nghe An. After the bike skidded for 3 meters, it burst into flames. The bike belongs to Nguyen Cao Cuong, 28 [...]
Sevral banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank for Investment and Development of Vietnam, for instance, has made collecting debts its top [...]
The World Bank Wednesday said Vietnam’s economic growth will speed up this year but warned that the country, together with other Asian economies, is being affected by a decline in global trade. “Economies in the East Asia and Pacific region are being affected in varying ways by the current difficult economic times,” the World Bank [...]
2 people were killed and 5 others were injured when a fire broke out at the 2-floor Phu Vinh Gas Store in Tu Liem District, Hanoi early this morning. The owner of the store and her 6-month boy who were taking a nap on the first floor lost their lives. Her husband and an employee [...]
The leaders of the central bank assured depositors in banks merger subject. Leaders of the State Bank describes the integration of three joint-stock commercial bank “underperforming” are specific steps in an effort restructuring the banking system. The Governor Nguyen Van Binh was quoted media said Vietnam Joint Stock Commercial Bank Saigon (SCB), Commercial Joint Stock Bank of [...]
The fuel of the atomic reactor at the Atomic Research Institute in Da Lat has been replaced by low-enriched uranium, confirming Vietnam’s commitment to use nuclear energy for peace. “36 percent enriched uranium has been replaced by 19.75 percent enriched uranium,” said Dr. Nguyen Nhi Dien, director of the Da Lat Atomic Research Institute. In [...]
The Vietnam’s telecom market has developed to the threshold with which it is very difficult to develop more mobile phone subscribers. However, foreign investors still believe that there are still a lot of business opportunities here. Weak and strong points Furuhashi Goro, Chief Representative of Japanese NTT Docomo in Vietnam, said that there are only [...]