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 governor Nguyen Van Binh at a meeting of the National Assembly (NA) in late 2011 said the central... 

Long Life Development Co. (LLD) on Monday opened a model decorative lighting showroom in HCMC, showcasing medium- and high-end products of Philips. The new showroom at 107 Calmette Street in District 1 helps customers experience advanced lighting solutions and market trends in the light application industry. The showroom has different sections for different lighting purposes, such as for the living... 

Vietnam’s two-year bonds fell the most in five months after yields increased at a government debt auction. The dong was steady. The State Treasury sold 3.81 trillion dong ($183 million) of notes due 2015 at 8.64 percent yesterday, according to the Hanoi Stock Exchange website. Similar-maturity securities were issued at 8.44 percent at the previous auction on Jan. 11. “The yield increase at the... 

A big amount of foreign currencies has been sold by people recently since they, after weighing pros and cons, decided that it would be better to keep dong than dollars. The State Bank of Vietnam has never before bought foreign currencies so continually and in such a big quantities. The foreign currency reserves have reportedly reached the highest peak so far. Instead of keeping foreign currencies... 

REUTERS – The Standard & Poor’s 500 edged lower on Monday as a four-week rally stalled, while a rebound in Apple shares helped buoy the Nasdaq. Caterpillar (CAT.N) shares helped cap losses in the Dow industrials after the heavy equipment maker’s outlook eased investors’ fears about an economic slowdown in China. Caterpillar’s shares rose 2.1 percent to $97.61. The... 

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...