Locals on Wednesday still rushed to buy gold to wish for good luck on the occasion of the God of Wealth Day, the tenth day of the Lunar New Year. According to local folklore, the God of Wealth returns to heaven on the tenth day of the first lunar month every year. Vietnamese people consider this the God of Wealth Day, thus often buy gold to wish for good luck and prosperity. Saigon Jewelry Holding... 

Gold hiked to VND100,000 on Thursday, jumping to VND45.4 million a tael (1.2 ounces), as global price rose. Saigon Jewellery Company, the biggest gold processor and trader in Vietnam, collected the metal at VND45.1 million and sold at VND45.4 million as of 10 am Vietnamese time. Sacombank Jewellery Company bought gold at VND45.1 million and sold at VND45.4 million as of 10:05 am Vietnamese time. Hanoi-based... 

Vietnamese gold investors would feel unsatisfactory when hearing about the supposition that gold would not be an attractive investment channel in the future. They may quote figures to show that gold investments brought a high profit of 30 percent at least to investors in 2011. Though the gold price had decreased sharply by the end of 2011, the gold price was still higher by 10 percent than the price... 

Coffee prices in the country have been falling over the past two weeks and are expected to drop further in the coming time as Brazil from Wednesday will offload its coffee volume stockpiled in 2009. The world’s leading coffee producer from this month will sell 1.4 million bags of Arabica coffee, or around 50,000 60-kilo bags weekly, according to specialist Nguyen Quang Binh. This offload will affect... 

Gold in Vietnam traded around VND45.3 million a tael (1.2 ounces) on Feb. 1, while global price finished first month of the year 2012 with 11 per cent gain; however, rising momentum slowed down as investors became cautious about the negotiation between Greece and its private bond holders and global economic growth. Sacombank Jewellery Company bought gold at VND44.95 million and sold at VND45.25 million... 

After the Lunar New Year holiday, the local market on Monday witnessed a strong fall in gold prices by VND1 million a tael compared to the prices quoted at gold shops two days earlier, while the U.S. dollar turned firmer against Vietnam dong. At 4p.m. on Monday, Saigon Jewelry Holding Co., or SJC, quoted its spot price at VND44.7 million for buying and VND45 million for selling a tael, much lower... 

The Vietnam Sugarcane and Sugar Association has projected a decline in the price of sugar in the coming time. The country consumed around 1.3 million tons of sugar last year, leaving a sugar stockpile of 90,000 tons at the moment. In this crop, sugar output is forecast to reach 1.4 million. This is the third consecutive year that the national sugar production has increased non-stop. The estimated... 

The surge in fertilizer prices last year prompted a heated debate in local media but that was a trend in the last few years. On average, the retail price of Dam Phu My urea rose 40% last year, SA fertilizer 36%, DAP 37.5%, and NPK 29% versus 2010. Higher input costs? In explanation for the price hike, local fertilizer manufacturers who hold a 50% market share said the main reason was the sharp increase... 

The Ministry of Agriculture and Rural Development (MARD) has signed a cooperative agreement with Unilever Vietnam for a project to develop Vietnam’s tea industry. Under the agreement, by 2015, Unilever will purchase 25,000-30,000 tonnes of Vietnamese black tea, meeting the quality standards of the Rainforest Alliance. The project aims to help Vietnam increase its black tea exports by supporting producers... 

Price of gold in Vietnam dropped VND200,000 a tael (1.2 ounces) over last weekend on January 16 as global price went down over concern of the eurozone sovereign-debt crisis. Sacombank Jewelry Company bought gold at VND43.15 million and sold at VND43.45 million as of 9:05am Vietnamese time. Saigon Jewelry Company, the biggest gold processor and trader in Vietnam, collected gold at VND43.2 million and...