resources
The Resources category covers natural resource management, extraction, and trade. It explores commodity pricing, environmental policies, investment in resource industries, and supply chain developments, providing insights into economic impact, sustainability, and foreign investment.
Vietnam C.bank to increase gold supply on back of record prices
The State Bank of Vietnam intends to increase the gold supply after being directed by the Prime Minister to stabilise the gold price after it reached record highs last week, Tuoi Tre is reporting. Specifically, gold reached US$86.51 a gram in Vietnam about 20 percent higher than the world gold
Vietnam PM says state bank needs to better control gold price
The Prime Minister of Vietnam has requested the state bank intervene in the gold market after gold in Vietnam hit US$3,296 per tael or US$86.51 per gram, Reuters is reporting. The current world gold price is about US$66.45 per gram. The directive offers little detail other than to suggest the
Vietnam’s coal mining culture lauded amid key energy-transition announcement
Coal mining is ‘a great part’ of Quang Ninh province’s cultural identity, Vietnam News reported Sunday just days after the government revealed its Just Energy Transition Partnership roadmap at COP28. A couple of points of note: One, it’s not clear if this was a conscious decision or simply circumstantial, but
NA delegates push to deregulate Vietnam’s gold market as prices soar
The State Bank of Vietnam’s (SBV) monopoly over the import and export of gold bars has come under scrutiny at the National Assembly as the gap between domestic and world gold prices has widened, VN Express is reporting. Domestic gold prices of late have typically been US$500 to US$600 higher
Aussie firm still keen on VN rare earth mine after arrest of local partner
Australia’s Blackstone Minerals has said it intends to follow through on plans to participate in an auction of concessions on a rare earth mine in northern Vietnam, even though its local partner was arrested last week, The Investor is reporting. Last week, Blackstone and Vietnam Rare Earth JSC (VTRE), the
Vietnam rare earth mining firm find Australian development partner
The owners of Vietnam’s only rare earth processing plant, Vietnam Rare Earth JSC (VTRE), has announced it is partnering with Australia’s Blackstone Minerals to arrange an auction for a mining licence for Vietnam’s Dong Pao mine, The Investor is reporting. The Dong Pao mine is a 132-hectare site in northern
Vietnam’s largest rare earth mine’s 2022 revenue less than US$10K
Lai Chau-Vimico Rare Earth, which owns the largest rare earth mine in Vietnam reported revenue of just VND 240 million (US$9,800) in 2022, The Investor is reporting. The mine has reportedly been in operation since 2008 with varying degrees of success–2021 was a markedly better year with revenue of VND
Domestic gold price currently trading at US$606 over world gold price
Gold bars in Vietnam are trading at VND 69.7 million (US$$2,853), VND 12.8 million (US$606) higher than the world gold price of VND 54.8 million (US$2,243) per tael, VN Express is reporting. Why it matters: To alleviate pressure on the dong, the State Bank of Vietnam has been issuing treasury
Chinese press dubbs US-Vietnam rare earth ambitions ‘unrealistic’
The China Daily has run an op-ed in which it says the US and Vietnam lack the technology (which China has) to effectively mine and process Vietnam’s rare earth deposits reportedly the second biggest in the world. China withholding the necessary technology Vietnam needs to develop its rare earths industry
Price of gold rings in Vietnam highest this year
Gold rings have hit their highest price this year at VND 58 million (US$2,385) a tael (37 grams) CafeF is reporting. Why it matters: Gold is a popular investment in Vietnam seen as a secure place to store wealth, particularly for older Vietnamese. In this respect the local gold price,
In today’s Vietnam news: More land for Trump golf course, Hanoi metro awarded Vingroup, Rising bank bond interest rates, GE contract stalled power plant
In today’s Vietnam news: MSCI market review, Russia’s Gazprom abandons LNG plant project, Horror movie making warning, Banking risk analysis, Denmark-VN ethanol cooperation, Work
In today’s Vietnam news: Thailand vs Vietnam tourism, India missile purchase final stages, Airport rail connections Long Thanh, BESS development Northern Vietnam, New US
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