July 19, 2024
Vietnam gold price jumps about 4 percent in one day
This is in line with the market moving to its own beat, often much higher than the world gold price, on the back of regulations that severely limit the importation of gold yet a culture that sees gold as an important store of wealth. This, coupled with challenging economic conditions, has fueled demand with the State Bank, reluctant to allow the import of more gold in the event it might put greater pressure on the local currency. Instead it has taken to selling gold from its own reserves to deflate the gold bar price…
Vietnam state power provider reports first half loss of US$513 million
Of note, retail electricity prices in Vietnam are regulated and, though permitted, price rises are not all that common. This has led to EVN selling electricity below cost price. As of January, it was losing about VND 142.5 per kilowatt-hour sold. This has been ongoing for some time and has led to EVN accumulating the huge aforementioned losses. The issue here seems to be a reluctance to raise electricity prices rather than an inability to do so…
In today’s news: SBV raises loan-to-deposit cap, Fuel tax cut extension, Denmark jewellery factory opens, Taiwan cooling system manufacturer expansion, SK firm gas power
In today’s news: HNX stocks to transfer to HSX, Exit block VN-Aus. re: tax, MWG employee embezzlement, US-VN patrol boat contract awarded, SK carpet
In today’s news: Long Thanh passenger fees, Violent short film producers fined, Innovation index improvement, Hanoi pilotless aircraft sandbox under consideration, Power project Japan
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It