gold trading burning bright

Gold trading burning bright

Reaching unprecedented high-values, gold is the centre of attention in Vietnam. The current price of gold rose 23.66 per cent globally compared to early 2010 when it stood at $1,120 an ounce, far beyond the expectations of domestic and international investors.
pwc vietnam appoints mai viet hung tran as general director

PwC Vietnam appoints Mai Viet Hung Tran as general director

PwC Vietnam today announced Mai Viet Hung Tran as its next general director, with effect from July 1. Tran succeeds Dinh Thi Quynh Van, who has served as in the position for 12 years.
gold bar trading needs better management

Gold bar trading needs better management

A week after newly-licensed gold bar trading businesses began operations, the domestic gold market saw positive changes, but several problems emerged requiring timely adjustment from managerial agencies.
central bank seen intervening in gold trading

Central bank seen intervening in gold trading

The State Bank of Vietnam (SBV) in a draft decision on gold bar trading suggests a possibility of intervening in the gold market by transacting with gold trading organizations.
banks see gold bar trading unprofitable

Banks see gold bar trading unprofitable

Local banks licensed for gold bar trading have yet to make gains from this business, with some even having incurred losses due to stringent trading regulations of the State Bank of Vietnam.
gold bar trading applicants okayed

Gold bar trading applicants okayed

The majority of companies applying for gold bar trading are eligible to do the job, according to Nguyen Hoang Minh, deputy director of the HCMC Branch of State Bank of Vietnam (SBV) in charge of inspecting the corporate candidates.
singapore aspires to be gold trading hub

Singapore aspires to be gold trading hub

Singapore will exempt investment-grade gold and other precious metals from the goods and services tax in a move to turn the city-state into a gold trading hub, the finance minister said Friday.
gold trading floor plan cops flak

Gold trading floor plan cops flak

The Vietnam Association of Financial Investors (VAFI) has called on the State Bank of Vietnam to scrap plans on establishing a national gold trading floor as it would not bring any benefit to the economy.
trial opens in illegal gold trading case

Trial opens in illegal gold trading case

The Hanoi People’s Court opened the first hearing in an illegal gold trading case against International Gold Trading Joint Stock Company (IG JSC) on Monday.
gold sales slow on trading halt threat

Gold sales slow on trading halt threat

As the sudden increase in dollar prices after the latest dong devaluation tapers off, the gold market has also slowed down.
economic committee worried about monopoly in gold trading

Economic committee worried about monopoly in gold trading

In its latest bulletin, the National Assembly’s Economics Committee pointed out that big problems still exist in the gold market management: the most important targets remain unattainable; the gap between the domestic and the world’s price is still wide.
state does not encourage gold bar trading sbv

State does not encourage gold bar trading: SBV

The State does not encourage the trading of gold bars, protect their prices, nor accept too large differences between domestic and global gold prices, and between SJC and other types of gold bars, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Hair-raising gold, dollar trading returns to normal

THE gold and US dollar markets have returned to normal after the vertiginous rise of two weeks ago and a central bank official has promised continuing stability.Nguyen Dong Tien, head of the State Bank’s Monetary Policy department, assured Vietnam Investment Review that gold and dollar prices would remain stable, until at least after the lunar new year [end of January].
gold prices fall as chinese market resumes trading

Gold prices fall as Chinese market resumes trading

After rising to their highest level since last August, local gold prices followed the downtrend in the global market to fall on Monday.
31 enterprises receive licenses for trading gold bars

31 enterprises receive licenses for trading gold bars

The State Bank of Vietnam (SBV) has granted licenses for the trading of gold bars to 31 enterprises.