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Gold hovers around VND42.45 million
Price of gold in Vietnam declined by VND150,000 per tael (1.2 ounces) over last weekend on May 7 as global price made correction after elections in France and Greece cast doubts on whether the eurozone would be able to ease the debt crisis.
Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND42.26 million and sold at VND42.46 million as of 10.25am Vietnamese...
Gold slides further
Price of gold in Vietnam dropped further on May 3 due to depreciation pressure in global price.
Sacombank Jewellery Company bought gold at VND42.75 million and sold at VND42.9 million as of 8am Vietnamese time.
Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, collected the metal at VND42.46 million and sold at VND42.66 million as of 10.32am Vietnamese time.
Hanoi-based Phu...
Cooking gas price drops to VND370,000
Local gas trading firms have lowered the retail price of cooking gas to VND370,000 per 12-kilogram cylinder after the global gas price for May delivery dropped by US$140 per ton.
Gas traders such as Saigon Petro and Pacific Petro announced the price reduction on Monday, selling the fuel at a common price of VND370,000 per 12-kilogram container, falling by VND35,000 from early last month.
Do Trung...
Gold declines below VND43 million
Price of gold in Vietnam retreated below VND43 million a tael (1.2 ounces) on May 2 as global price failed to maintain rising trend after climbing for five consecutive trading sessions.
Sacombank Jewellery Company bought gold at VND42.9 million and sold at VND43.04 million as of 8.20am Vietnamese time.
Saigon Jewellery Company, Vietnam’s biggest gold processor and trader collected the metal at VND42.74...
Raising The Fish Of Gold
Giant barbs or Siamese giant carps, a freshwater fish in the Mekong River, are found in Laos, Thailand, Cambodia and Vietnam. In Vietnam, they live mostly in Vam Nao, an area linking the Tien and Hau rivers in An Giang Province. The fish are expensive because of their delicious meat and rarity. Now, An Giang residents have begun to raise this fish for commercial purposes.
On the morning of March...
High costs hit steel, cement makers
Five steel makers have halted production due to soaring input costs and shrinking consumption, while cement firms are boosting sales promotions to offload inventories.
Pham Chi Cuong, chairman of the Vietnam Steel Association (VSA), told the Daily that as prices of coal sold to steel producers had been hiked and fuel costs had recently increased again, production costs had been further pushed up,...
Gold surpasses VND43 million
Price of gold in Vietnam exceeded VND43 million a tael (1.2 ounces) on April 26, thanks to a weak rise in global price.
Sacombank Jewellery Company bought gold at VND43.01 million and sold at VND43.08 million as of 10.40am Vietnamese time.
Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, collected the metal at VND42.9 million and sold at VND43.1 million as of 11.25am Vietnamese...
Gold makes strong recovery
Price of gold in Vietnam recovered to nearly VND43 million a tael (1.2 ounces) on April 25 while global price treaded water on thin trade as investors were awaiting hints of another round of quantitative easing when the US Federal Reserve ends its two-day meeting.
Sacombank Jewellery Company bought gold at VND42.84 million and sold at VND42.9 million as of 8.40am Vietnamese time.
Saigon Jewellery...
Petrol price hike weakens the weak demand
The petrol price hike has put manufacturers, who have been worried stiff about the slow sale, on the tenterhooks. The price increase has been described as a strong blow dealt on the already weak purchasing power, which would make the output of the production stuck.
On April 22, or two days after the petrol price increase was announced, food trading companies affirmed that they have received the notices...
Gold slides, dollar rebounds
Price of gold in Vietnam dropped by VND100,000 a tael (1.2 ounces) over the previous day on April 24 while global price continued to maintain weak losing momentum.
Sacombank Jewellery Company bought gold at VND42.68 million and sold at VND42.76 million as of 8am Vietnamese time.
Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, collected the metal at VND42.54 million and sold...


