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Gold holding services booming
03-07-2013 14:30
As the gold price continues to fluctuate, most commercial banks have boosted their gold holding services in a move to cater the local tradition of hoarding the precious metal.
MTA Vietnam to feature 400 firms
05-06-2013 09:35
About 400 foreign and Vietnamese companies will converge at the trade show MTA Vietnam in July in Ho Chi Minh City to highlight opportunities in precision engineering, machines and metalworking.
Gold appetite still runs wild at home
18-04-2013 11:07
Gold prices bounced back close to the closing price on Monday in the local market on Wednesday, with no steep price falls as seen on Tuesday morning, but buyers still rushed to gold trading companies to grasp the yellow metal.
SBV to auction gold until gap narrows
15-04-2013 08:30
The State Bank of Vietnam (SBV) will sell gold until banks no longer need the precious metal with the hope that the gap between local and global gold prices will narrow, stated a senior source from the central bank.
Banks in trouble over outstanding gold loans
23-01-2013 14:27
While gold owners are no longer able to store their precious metal at banks for safety and interest, the credit institutions themselves are in trouble over a huge amount of outstanding long-term loans in gold.
Metalworks show recruits visitors
21-01-2013 15:15
EMO Hannover 2013, the leading global metalworking trade show, was introduced to Vietnamese companies and visitors last week in Hanoi and Ho Chi Minh City.
Nix waste treatment gets nixxed
21-01-2013 14:41
Hanoi Minerals Metallurgy, expected to develop a nix waste treatment facility in Van Phong Economic Zone of central coastal Khanh Hoa province, had its investment certificate revoked by local authorities last week.
More problems emerge in gold bullion restriction
17-01-2013 14:11
A number of new problems continue to attract complaints a week after the restriction on the gold bullion trading market took effect, with even the banks licensed to buy and sell the precious metal now facing challenges in following the new rule.
Gold owners say licensed shops few and far between
15-01-2013 14:37
While the State Bank of Vietnam claims that the 2,500 facilities countrywide licensed to trade gold bullion are enough to serve public need, gold bar holders are having trouble finding a proper place to sell their precious metal.
Buying gold bullion to be riskier under new law
09-01-2013 14:29
With some 2,500 licensed gold-bullion trading facilities set to replace tens of thousands of unqualified such businesses countrywide starting January 10, buying the precious metal will become more risky, as customers will be fined if they conduct transactions with an unlicensed trader.
Shining a light on the gold price conundrum
06-11-2012 11:11
The domestic market bullion price has far outpaced the world market in recent months on the back of an undersupply, especially when banks have tremendous demands for the yellow metal to balance their gold position.
Producers rip off non-SJC gold bullion holders
02-11-2012 14:35
Holders of gold bullion under brand names other than the national brand SJC have been forced to sell the precious metal at a far lower price than the rate they bought it at, even when the transactions are made at the original producers of the gold bars.
Gold demand falls as banks gain time for deposits
02-11-2012 08:20
The demand for gold on the local market tumbles as banks are no longer in a rush to buy the precious metal to spur their liquidity, said the key trader of the benchmark gold SJC.
State Bank plans no import of gold
01-11-2012 08:23
The State Bank of Vietnam has no plan to import gold any time soon since the metal is neither an essential item nor benefits the economy, Deputy Governor Le Minh Hung has said.
Japanese firm established steel manufacturing joint venture
26-10-2012 11:00
Four Japanese firms including Nippon Steel & Sumikin Metal Products, Sumitomo Corporation, Sumisho Tekko Hanbai and Kyoei Steel yesterday announced to join a steel manufacturing joint venture with Vietnam’s Bac Viet Steel Joint Stock Company.
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