Wall Street helps lift domestic share prices (12-09-2009) An investor monitors market trading at the offices of SME Securities Co. — VNA/VNS Photo Truong Vi HA NOI — Buoyed by good news from Wall Street, the VN-index ended the day on Friday up 7.8 points to close at 547.99, as volume on the HCM City Stock Exchange rose nearly 20 per cent over Thursday's trading to 60.7 million shares. Trades totaled a substantial VND2.73 trillion (US$152 million) on the day. Blue chips came on strongly in early trading but began to lose points later in the session on strong sales. Leading banking and financial shares like Vietcombank (VCB), Sacombank (STB) and VietinBank (CTG) saw slight decreases, but PetroVietnam Finance (PVF) and FPT closed higher. Meanwhile, shares in real estate, construction materials and food products all posted gains. By the end of the day, advancers had outnumbered decliners overall by 111 to 38, with 25 codes closing unchanged. On the Ha Noi Stock … [Read more...] about Wall Street helps lift domestic share prices
Domestic lifts prices
Gold price has shown many strong fluctuations over the past few weeks. There is currently no prediction about the reduction in gold price while many experts believed that it will jump to US$800 an ounce in the near future. In the final week of April, 2006, the domestic gold price continued to fluctuate. On two days of April 30 and May 1, Sai Gon Jewelry Holding Company (SJC) traded 9999 gold at VND13 million a tael, up VND300,000 over April 24 and VND1.9 million over the beginning of the month. Over the first four month of 2006, the domestic gold price set its latest record when it increased by 16.9% (with an average of 4.2% a month). Meanwhile, the Viet Nam's Consumer Price Index (CPI) increased by 3%. According to the General Statistic Office, the domestic gold price increased 5-6 times compared with the inflation rate early 2006 and 169 times compared with the US currency. Compared with 2000, the increase rate of the domestic gold price was 227.8% while these figures of … [Read more...] about Gold Price Hike Continues?
Domestic gold price rise may come to a halt and fall back to the global price, analyzed Huynh Trung Khanh, a representative of the World Gold Council in Asia-Pacific region. Around two to three tons of gold will be imported to Viet Nam on April 21. The imported precious metal will swell to 14 tons in late-April, announced gold traders in Ho Chi Minh City on April 20. One ton of gold is equal to 26,600 taels and with the production capacity of around 6,000 to 7,000 taels a day, the gold supply will soon surpass the current domestic demand. If the world gold price is around US$645 an ounce, it would be equal to the real value of Viet Nam's selling price of around VND12.4 million to VND12.5 million a tael. Domestic price, jumping by VND1 million a tael a day, is mainly attributed to the normal behavior of customers at the abnormal fluctuation of gold price in recent days. Many gold dealers could not import the metal on April 19 despite a quota that allows a limited import of gold. … [Read more...] about May Gold Price Fall?
Vietnam's drug manufacturers and importers who increase drug prices before June 30 will be fined and temporarily shut down, the Ministry of Health said. A Ministry of Health drug price inspection, aiming to clarify the causes of price increases, at a Hanoi drug store last year … [Read more...] about Vietnam moves to contain drug price hikes
After a five-month price freeze, the government lifts the retail price of petrol to try to offset some of the cost of subsidizing a commodity that's doubled in price over the past year. A fuel bowser in HCMC Monday shows the higher fuel prices … [Read more...] about Government announces fuel price hike