The State Bank of Vietnam (SBV) in a draft decision on gold bar trading suggests a possibility of intervening in the gold market by transacting with gold trading organizations. The agency would decide to trade gold in either direct transaction or through auctions. The SBV governor would decide on buying and selling prices of gold bars on the domestic market. The central bank may also open overseas... 

Mercedes-Benz Vietnam promises to introduce a wide range of new car series as well as to expand the dealer system nationwide this year, aiming to keep its long-established leading position in the luxury segment in the local market. The German auto maker said that this year it will launch eight new models on the path of meeting ever-diversifying demands of Vietnamese customers who are always interested... 

PetroVietnam Power Corporation (PV Power) on Thursday inaugurated a wind farm on Phu Quy Island in the offshore district Phu Quy of Binh Thuan Province. The power facility consists of three turbines with a total capacity of 6MW. Work on the VND335 billion project started two years ago, said Vu Huy Quang, president and CEO of PV Power. When operating, it will provide around 25.4 million kWh of electricity... 

With price increases in ten out of the eleven groups of items, the nation’s consumer price index (CPI) this January is up 1.25% against the preceding month. The group of medicine and healthcare services records the sharpest price hike of 7.4%, according to data revealed by the General Statistics Office on Thursday. The food and catering service group also sees significant growth of 1.34% over... 

Although the overall picture of losses and gains is still unclear, many securities enterprises reported contrast situations in 2012 with some posting up big profits while others incurred heavy losses. Around 40 securities have submitted 2012 financial statements to local stock watchdogs, of which only seven firms suffered losses. Sacombank Securities Company (SBS) incurred the biggest loss of around... 

Though advocating the State policy of converting commercial housing projects to low-cost ones and buying unsold apartments for the resettlement purpose, real estate companies wonder how this policy is carried out. Change of purpose possible? Le Huu Nghia, director of Le Thanh Commercial Construction Co., said it is not easy to turn a commercial apartment project into a low-cost one. In this process,... 

The State Bank of Vietnam (SBV) will this year resort to compulsory reserve requirements among many different instruments to regulate money supply to ensure targets of growth and inflation control, an official of SBV said. According to the source, SBV in 2012 mainly used treasury notes to do the job as liquidity of member banks was different at that time, meaning the compulsory reserve instrument... 

Securities enterprises expect that the market would continue its uptrend early this week as investor sentiment turned strong on supportive solutions of macro managing agencies as well as the VN-Index skyrocketing last Friday. However, the brokers are concerned that the market would enter another correction phase from the middle of this week as the main index had neared the strong resistance of 470... 

Industry players are chewing over ways to tackle pressing banking sector issues. Economic experts claim upcoming projects dealing with bad debts and founding the Vietnam Asset Management Company (AMC) would include explicit regulations concerning the involvement of foreign players in the debt trading market. However, these projects have yet to come into place until now though a decree on AMC shall... 

Last year’s overseas remittances into Vietnam have been calculated between $9.5 billion and $10 billion, considerably exceeding the total of $9 billion for 2011. Luong Thi Bach Van, chairwoman of the Ho Chi Minh City-based Association for Liaison with Overseas Vietnamese, put her total estimate at $10 billion. Meanwhile calculations by Nguyen Hoang Minh, deputy director of the State Bank’s Ho...