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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.

Gold in for a rollercoaster ride

16-10-2012 09:48

The instability of financial system and the uncertain impact of the State Bank’s efforts to control the gold market may make the price of Vietnam’s favourite precious metal to fluctuate in the last three months of this year.

METALEX Vietnam-NEPCON Vietnam pushes supporting industry in Vietnam

07-10-2012 13:00

Local supporting companies have been boosted by a series of exhibition, conference and business matching in METALEX Vietnam-NEPCON Vietnam and the 5th Exhibition on Supporting Industries held in Ho Chi Minh City on October 4-6.

Burberry dazzles London Fashion Week despite gloomy outlook

18-09-2012 08:26

Luxury British label Burberry dazzled a star-studded crowd with colourful metalics, corsets and capes at the most anticipated show of London Fashion Week -- despite a gloomy profit warning.

Gold demand remains strong

31-08-2012 07:53

Although gold prices saw no strong fluctuations, demands for the precious metal kept rising in the country on Wednesday, again widening the gap between global and local gold prices.

Vietnam road shows to promote November’s Metalex show

07-08-2012 15:26

Thai company Reed Tradex has organised Vietnam roadshows to lure visitors to the Metalex machinery and technology exhibition in Bangkok, in November.

Efforts to modernise ethnic houses frowned on

02-08-2012 09:54

Though the local government has built four modern Rong houses with sheet-metal roofs, the Xe Dang ethnic people at Van Xuoi commune in the Central Highlands province of Kon Tum refuse to use them as they prefer the traditional kind with bamboo and thatched roofs.