Gold spot gained nearly 2.7 per cent to US$1,223 per ounce on Tuesday from $1,200 per ounce on October 1, data on kitco.com showed.— Photo cafef.vn A volatile global market plus higher year-end demand has pushed gold prices in Viet Nam up over the last six weeks with more hikes expected. Gold spot gained nearly 2.7 per cent to US$1,223 per ounce on Tuesday from $1,200 per ounce on October 1, data on kitco.com showed. On nymex.com, gold futures rose 2.8 per cent to $1,225 per ounce on Tuesday from $1,191 on October 1. In Viet Nam, prices published by local companies have also risen in recent weeks. At Bao Tin Minh Chau Jewellery and Gemstone Co and Phu Nhuan Jewellery JSC, gold bars were being sold at around VND36.5-36.6 million per tael (around $1,620 per ounce) on Tuesday. Local gold prices have increased by around 0.3 per cent since October 1. According to PNJ general director Le Tri Thong, gold prices always rise in the second half of the year. Gold trading is higher in the … [Read more...] about Volatility, year-end demand drive gold prices up
Year end marketing report
Pharmaceuticals stay on course for stronger year end
Not all Vietnamese drug companies target overseas markets, but those that scrap the foreign ownership limit tend to go international more often than not Imexpharm Pharmaceutical JSC (IMP), one of Vietnam’s four biggest pharmaceutical firms, is to open the Vinh Loc high-tech antibiotic plant at a cost of VND180 billion ($7.83 million) by the years’ end, while inaugurating the VND370 billion ($16.09 million) Binh Duong high-tech pharmaceutical plant in late 2019. “We plan to complete the portfolio of EU-GMP-standardised products to increase the contribution of ethical drugs to the total revenue, while locating partners to boost exports,” Nguyen Quoc Dinh, chairman of IMP’s board of directors, told VIR. “To ease over-the-counter (OTC) pressures, we aim to increase the contribution of ethical drugs to 40 per cent by 2020, while decreasing that of OTC revenue to 50 per cent, while reserving 10 per cent for exports,” he added. IMP currently has … [Read more...] about Pharmaceuticals stay on course for stronger year end
Bản in : Companies plan big dividend payments by year-end
Hanoi (VNA) - Many companies have declared over hundreds of billions of Vietnamese dong to pay dividends in the next two months. PetroVietnam Fertilizer & Chemicals Corp (DPM) is the biggest spender. It planned to spend 950 billion VND (42.4 million USD) to make the first 2015 dividend payment at the rate of 25 percent in form of cash, the company announced recently. The fertiliser producer posted a net profit of almost 1.2 trillion VND (53.3 million USD) in the first nine months of this year, a rise of 25.5 percent year-on-year. Big payers also include two largest companies by market capitalisation on the HCM Stock Exchange, steelmaker Hoa Sen Group (HSG) and seafood exporter Hung Vuong Corp (HVG). Hung Vuong Corp will issue 37.84 million shares worth 378.4 billion VND (16.9 million USD) to pay dividend of this year at the rate of 20 percent. Its nine-month earnings were not positive, however, when the net profit reached just 64.4 billion VND (2.9 million USD), down 81.3 percent … [Read more...] about Bản in : Companies plan big dividend payments by year-end
Year-end parties turn nightmare for Ho Chi Minh City residents
Noise pollution has become an alarming issue in several neighborhoods in Ho Chi Minh City as many families and organizations have begun to organize year-end parties, with loudspeakers and karaoke machines operating at their maximum capacity. Noise pollution has become an alarming issue in several neighborhoods in Ho Chi Minh City as many families and organizations have begun to organize year-end parties, with loudspeakers and karaoke machines operating at their maximum capacity. Festive activities to celebrate the end of the lunar year has seemed to be taken up a notch in the southern hub with modern and high-capacity loudspeakers and karaoke sets, alongside the usual endless partying and drinking. Many residents have been powerless against such activities, having no other choice than to put up with the noise during their daily routine. P., residing at an apartment building in District 5, said that she has to ‘suffer’ the annoyance at this time of each year. She … [Read more...] about Year-end parties turn nightmare for Ho Chi Minh City residents
HCMC Retail Sales Up Smartly Despite Year-end Inflation
Major Ho Chi Minh City retailers are claiming they've met or exceeded their target sales volumes for the year in spite of spike in inflation this year. At Binh Tay market, sales are reported to be up 14-20 percent over the same period last year. An Dong, Ba Chieu and Tan Dinh markets also report surging sales. Chinese products targeting year-end holiday shoppers are inundating the local market and taking some 40-50 percent market share in almost every product class they enter, for example, sweets, footwear and pop fashions. It's said that while prices of local sweets from Bibica, Vinabico and Kinh Do went up 3-7 percent, retail prices of imported Chinese sweets have little or even declined from their prices last year. On the other hand, market management authorities have said Chinese goods, especially foodstuffs, often have dubious origins or quality. … [Read more...] about HCMC Retail Sales Up Smartly Despite Year-end Inflation