Market players face some golden questions

Market players face some golden questions

Industry insiders are chewing over the State Bank’s recent market changes to make sure the bullion market stays secure.
Domestic gold price sees unexpected rise

Domestic gold price sees unexpected rise

Results from the first official gold auction held recently by the State Bank of Viet Nam were unexpected, with the domestic gold price going up as the global gold price fell.
SJC chief makes case for getting gold into order

SJC chief makes case for getting gold into order

Le Hung Dung, chairman of Saigon Jewelry Ltd Co (SJC), predicted an immediate decline in gold prices when the State Bank on February 26 signed an exclusive gold bar processing contract with SJC.  
As prices fall, hopes  rise for ‘buyers’ market’

As prices fall, hopes rise for ‘buyers’ market’

Prices in Hanoi’s overstocked apartment-for-sale market have dropped some more in early 2013, with mid-level products asking in the range of VND15-17 million ($700 to $800) per square metre.
Domestic gold soars past global prices

Domestic gold soars past global prices

The gap between global and domestic gold prices reached a record VND5.5 million ($264) per tael last week, prompting measures to resolve the situation in order to protect the macro-economy.
Officials face golden question

Officials face golden question

Industry insiders are scratching their heads over the bullion market’s recent record price gap and how to ensure market stability in the long run.
Gold price, forex rate strongly fluctuate

Gold price, forex rate strongly fluctuate

Local gold price recorded a strong fall at companies and banks in the first trading day early this week after the Lunar New Year holiday, while the greenback on the free market surged to over VND21,000.
SBV inconsistent in gold policy

SBV inconsistent in gold policy

The State Bank of Vietnam (SBV) sometimes said it would make local gold prices closer to the world’s prices, sometimes said it would not, and lately has announced it will join the gold market to bridge the price gap. Such inconsistency has put local consumers on tenterhooks, according to experts.
SBV faces tricky juggling act

SBV faces tricky juggling act

Christian Kamm, president of Kamm Investment, asks whether the State Bank’s dollarisation blitz can help get the gold market in order.  
Property market still dark

Property market still dark 1

Despite the Vietnamese government’s latest moves aiming to increase the liquidation of the real estate products, the forecast for the property market this year remains gloomy.
UFJ circles around  VietinBank shares

UFJ circles around VietinBank shares

Tokyo-Mitsubishi UFJ might buy a 20 per cent stake in Vietinbank next year.
Savills Vietnam tracks the market

Savills Vietnam tracks the market

Savills Vietnam has just launched its property price index, a tool designed to track quarterly price movement of different property markets.
Gold hits 2-month high on US presidential election’s developments

Gold hits 2-month high on US presidential election’s developments

The local gold price has increased VND550,000 ($26.4) a tael day-on-day following the global trend with a weakening US dollar given the outcome of today’s US presidential election.
Drastic price cuts skewing the market

Drastic price cuts skewing the market

Some real estate developers are claiming that the dramatically reduced prices offered by other developers is making the market more chaotic.
Producers rip off non-SJC gold bullion holders

Producers rip off non-SJC gold bullion holders

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.
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