The strong selling burst from citizens after Decree 24 on gold trading management came into force last week has narrowed the gap between global and local gold prices. Saigon Jewelry Holding Co. (SJC) on Sunday quoted gold prices at VND44.8 million per tael for buying and VND45.3 million per tael for selling, down VND500,000 against last Friday, the lowest levels since September 5 last year. A tael... 

Although sentiment remains positive given a 13-day winning streak, securities firms are concerned that a strong correction might occur in final sessions of this week as foreigners significantly scaled down trading last Friday. Both markets struggled to sustain the gains made earlier in last Friday’s session. The VN-Index gradually lost momentum and finally managed a rise of 2.57 points to 462.69... 

The Pico Plaza complex started business in HCMC’s Tan Binh District on Thursday, with all its retail and office space having found tenants. Pico Plaza was built by Pico JSC Corporation, one of northern Vietnam’s leading retailers, at a cost of more than VND700 billion. The company now has five electronics stores and one commercial center in Hanoi. The complex covers a total of 55,000 square meters... 

Vietnam’s government bonds rose, with the five-year yield dropping by the most in eight months, after the government’s borrowing costs fell at a debt auction. The dong was little changed. The State Treasury sold 1 trillion dong ($48 million) of five-year notes at 9.30 percent and 1.95 trillion dong of three- year securities at 8.65 percent on Jan. 11, the Hanoi Stock Exchange said in a statement... 

Battery-powered bikes will help save as much as 90% in gasoline costs compared to normal motorbikes but it is not easy to replace bikes running on petrol, heard a seminar in HCMC on Thursday. At the seminar on greenhouse gas emission reduction via usage of electric bikes, Huynh Kim Tuoc, director of HCMC Energy Conservation Center (ECC-HCMC), presented comparison indicators between battery-powered... 

The expanded investment projects will also be able to enjoy the investment incentives like the ones given before to the initial projects, if the proposal of the Ministry of Finance (MOF) is ratified by the National Assembly. MOF, which is drafting the amended Corporate Income Tax law, has decided to preserve the investment incentives for expanded projects. The draft law with the proposed provision...