gold

Update news gold

New research suggests aluminum can be more valuable than gold, silver

 Humble aluminum's plasmonic properties may make it far more valuable than gold and silver for certain applications, reckons a new research done by scientists with Rice University of the United States.

Domestic jewelry market catches foreign investors’ eyes

Foreign jewelry firms are believed to lie in wait at the border gate, getting ready to enter the Vietnamese market once the country opens the gold market by 2018, when the import tariff would be cut to zero percent.

Gold keeps dropping on Fed tapering speculation

 Gold futures on the COMEX division of the New York Mercantile Exchange dropped Monday to the lowest since Oct. 15, on speculation that the Federal Reserve may soon move to scale down its bond purchase.

Four dead, five missing after storm Nari

Cyclonic storm Nari, the 11 th of its kind to hit Vietnam this year, killed at least four people and left five others missing in the central region, the National Committee for Search and Rescue has reported.

Competent agencies’ delays harms jewelry industry

Jewelry companies had to wait for the State Bank of Vietnam’s nod to import gold materials for domestic processing. And now they have to wait for a circular from the Ministry of Science and Technology to turn this into reality.

BUSINESS IN BRIEF 28/9

 Gold measures balance market; Interbank interest rates fall 1.17%; Index rise ignites industrial hope; SBV regulates debt grouping; Labour exporters rate performance

SBV allows importing material gold to make jewelries

 VietNamNet Bridge – The State Bank of Vietnam has decided to allow enterprises to import gold to make jewelries domestically, a long awaiting decision to help ease the thirst for materials.

BUSINESS IN BRIEF 14/9

 SBV releases more gold into market;  Experts discuss re-structuring rice production, exports; Eight-month auto imports rise sharply; Ho Chi Minh City takes lead in FDI attraction

SBV vows to continue gold bidding until short supply ends

 VietNamNet Bridge – Approximately 55 tons of gold has been put into circulation through bidding, which has helped narrow the gap between the domestic and the international prices. But the gold demand is still very high.

People looking for property holding service providers

 VietNamNet Bridge – Many of the 12 commercial banks licensed to hold properties in trust still have not begun providing services. Meanwhile, the banks willing to provide the services are not allowed to do this.

BUSINESS IN BRIEF 7/8

 Ministry suggests sugar import quota auction; FIEs occupy two-thirds of nation’s exports; July manufacturing PMI reflects shrinking demand; SBV sells more 26,000 taels of gold

Banks forced to stop the game with gold

The State Bank has successfully forced commercial banks to stop the mobilization and lending in gold, which, as described by experts “successfully put down the chaos on the gold market.” However, risks still exist.

Three-month gold sales total 45 tons

 VietNamNet Bridge – An additional 26,000 taels of gold was sold at auction on Tuesday, taking the total so far to over 1.19 million taels, or nearly 45 tons.

Gold on Earth may come from colliding dead stars: study

 All gold on the Earth might have come from extreme crashes between dense dead stars, U.S. researchers reported Wednesday.

4kg of gold seized at Vietnam-Laos border gate

On July, the border guard commander of Quang Binh said that local border guards seized 4kg of gold that was illegally transported from Laos to Vietnam via the Cha Lo border gate in Minh Hoa district, Quang Binh.

Gold low sparks spending spree

 VietNamNet Bridge – A three-year-old low in New York gold prices has provoked a rush for the precious metal in Viet Nam, sparking a price surge last weekend.

Gold retains shine despite price gap

 VietNamNet Bridge – Though the gap between domestic and global gold prices continues to widen, there is no letup in the demand for bullion.

Vietnam to import 30 tons of gold this year

 The State Bank of Vietnam this year will be selling more than 30 tons of gold and importing a corresponding volume to help banks maintain their gold positions and meet market demand,

BUSINESS IN BRIEF 22/5

 Solutions to stabilise petrol prices go nowhere; Lending up 2.1 percent over 4 months; Sugar inventory remains high; ‘Technology transfer’ sparking debate

Lang Son’s bride and groom have their necks “broken” because of gold

A wedding photo of a couple in Lang Son that was recently posted on the Internet has attracted public attention. In the picture, the groom and the bride wore a lot of gold necklaces, rings and bracelets, which are wedding gifts.