Domestic gold prices reach a new peak

Domestic gold prices soared to a record nine-year high on the morning of July 9 after climbing to VND50.4 million per tael for the first time. This comes after the Saigon Gold, Silver and Gemstone joint stock company quoted its SJC gold price this morning at VND50 million per tael for selling and VND50.4 million […] Read more »

Coffee trade in Vietnam limited

Tightening supply and low global prices limited coffee trade in Vietnam, while healthy demand supported markets in Indonesia, traders said on Thursday. Farmers in the Central Highlands, Vietnam’s largest coffee growing area, sold coffee COFVN-DAK at 32,000 dong ($1.38) per kg, unchanged from last week. “Falling global prices and low stocks have kept the market […] Read more »

Ten solutions to accomplish the State budget–finance tasks in 2020

VCN- GDP growth in the first six months reached only 1.81% and the import and export turnover decreased compared to the same period last year, so the accomplishment of growth targets under the scenarios reported by the Government to the National Assembly is difficult.   Read more »

Technical view of the securities trading session on July 9: The pulling trend may continue

(ĐTCK) VN-Index today formed the pattern of “White Candle”. If we look at the point of view of the score, an increase with a falling volume is not a good trading day. However, today is a day of downward correction with a lower width than yesterday, so this situation can be considered as good from […] Read more »

Striving to achieve highest State revenue

On the morning of July 7, the Ministry of Finance organized an online conference to summarize the State budget - finance task in the first six months and to deploy the State budget – finance task in the second half of 2020. Prime Minister Nguyen Xuan Phuc attended and chaired the conference. Read more »

VDSC: Plenty of room to reduce interest rates

Rong Viet Securities (VDSC) has just released a report on abnormal changes in monetary indices, including an increase in money supply, credit growth and deposits due to Covid-19. According to VDSC, the growth of money supply has gradually increased and remained at a growth rate of 5% compared to the beginning of the year until […] Read more »

Market commentary on July 8: Take advantage of this vibration to accumulate stocks

(ĐTCK) Market liquidity continued to improve, the market breadth in equilibrium showed that the current rally needs more motivation to be sustainable. The Securities Investment Review summarizes the market assessment report of some securities companies for the trading session on July 8. Can take advantage of this vibration to accumulate stocks Tan Viet Securities (TVSI) […] Read more »

Real estate market struggles during Covid-19 pandemic

Real estate firms have had to struggle to survive during the COVID-19 pandemic, which has caused the loss of trillions of dong and job losses to 75-80 percent of workers in the field. The deputy general director of a real estate group specializing in developing urban areas in provinces adjacent to HCM City said Covid-19 […] Read more »

Vietnam gold prices rise to new highs

Gold prices have risen to new highs in Vietnam as they track recent rises in global prices triggered by the coronavirus pandemic. SJC gold on Tuesday rose to VND50.3 million ($2,170) per tael to surge past the previous record of VND49.5 million ($2,137) in 2011, when global prices soared to historic highs. Gold prices held […] Read more »

It is necessary to implement drastic measures to ensure the goal of disbursement of foreign loans

VCN  - This year is the final year of the medium-term public investment plan period 2016-2020. The remaining tasks for the entire period are set for this year. However, the Covid-19 pandemic affected production and business activities of the whole country. Projects using ODA loans and concessional loans are also heavily affected. This poses a significant challenge to capital disbursement activities.... Read more »

7-Eleven Vietnam and Viet Capital Bank join hands to roll out JCB card

 Seven System Viet Nam Jsc (7-Eleven Viet Nam), a worldwide convenient supermarket, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co.,Ltd and Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), a major commercial bank in Vietnam today announced the launch of Viet Capital Bank JCB 7-Eleven Credit Card. A great […] Read more »

Savings interest rates are expected to move sideways after the drop

SSI Securities Corporation Analysis Center – SSI Research reports the monetary market on week 29 / 6-3 / 7. Last week, the market opened and the interbank remained quite calm despite the important quarter closing point. The State Bank of Vietnam (SBV) only net injected VND 1 billion through 7-day term purchases, with an interest […] Read more »