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Tag - gold

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mercredi 29 mai 2019

You can still buy a house with gold bars in Vietnam

Vietnam may be one of the world’s fastest-growing economies, yet it’s still in the dark ages when it comes to joining the global trend toward cashless transactions.

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jeudi 31 mai 2018

Vietnam tries to mobilize idle gold held by people

Some 500 tons of idle gold worth billions of U.S. dollars are estimated to be held by Vietnamese people, which would be very useful if converted into money and other assets to invest in the economy, Vietnam News Agency reported on Wednesday.

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lundi 25 mai 2015

Illegal gold mining ravaging farmlands in Vietnam's Central Highlands

A recent raid of an illegal gold mine in Kon Tum Province ended up with a truck belonging to authorities being damaged by violent miners.

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mardi 17 février 2015

Vietnam's gold demand falls 29 percent as local prices remain high

Vietnam's gold demand fell 29 percent last year despite a small increase in jewelry consumption, the World Gold Council said in a new report.

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mercredi 30 juillet 2014

Bitcoin turns digital gold as faith in Vietnam dong ebbs

Bui Huy Kien is ignoring the Vietnamese government’s warnings and accepting payment in bitcoin for advertisements on his website.

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dimanche 26 janvier 2014

Vietnam imported 110 tons of gold last year

Vietnam’s gold imports totaled 110 tons last year, higher than the annual amounts imported in previous years, news website Saigon Times said, citing data from the World Gold Council.

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dimanche 12 février 2012

Vietnam battles 'gold fever' as price soars

HANOI — Stashing gold at home rather than having cash in the bank is a generations-old habit in communist Vietnam, but a recent surge in prices has sparked government attempts to bring the yellow metal to heel.

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dimanche 27 novembre 2011

Many Vietnamese unaware of ban on gold payments

Many people are not aware that they will be fined for paying in gold

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mardi 27 septembre 2011

Vietnam is world's 2nd largest gold hoarder

Vietnam is hoarding between 460 and 1,000 tonnes of gold worth around $21 to $45 billion, second only to India, according to figures released last week.

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mercredi 17 août 2011

Vietnam has large gold holdings

Central bank statistics show that Vietnam has ample gold supplies in hand, even if the recent price hike may suggest otherwise.

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mercredi 10 août 2011

Vietnam: the curse of gold

Vietnam, like some other frontier markets, seemed to be remarkably unaffected by the deepening economic problems in the US and Europe over recent weeks.

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Vietnam starts taxing gold exports amid fears

Starting today (Saturday), a 10 percent tax will be imposed on the exports of gold and jewellery products that have at least 80 percent of gold content instead of the previous 99 percent figure amid the government's effort to curb tax evasion.

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mardi 28 juin 2011

Vietnam: less gold for Switzerland

Amid a host of deep-seated economic problems, Vietnam's large trade deficit shows no sign of abating. But the "Vietnam effect" helped Switzerland to post a record monthly trade surplus in May, according to Swiss customs.

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mardi 22 mars 2011

Vietnam PM confirms intention to end unofficial gold trade

The Vietnamese prime minister Nguyen Tan Dung reaffirmed that the government will seek to eliminate the unofficial trade of gold bullion and tighten controls over foreign currency transactions.

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samedi 12 mars 2011

Gold companies considering shifting business on new policies

New regulations relating to gold management are being considered by the State bank of Vietnam, including the possible narrowing of the bar gold market. Gold companies now have to think about their business in the future.

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jeudi 23 décembre 2010

Vietnamese seek safety in gold as currency wobbles

Do Hai Ninh has been stashing away her meager earnings until finally saving enough to make a deposit. But the high school teacher isn't about to put her money into a Vietnamese bank with the value of the local currency steadily dropping. She's investing in a safer bet: gold.

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mercredi 1 décembre 2010

Vietnam targets commodities prices

HANOI—Vietnam will impose price controls on certain commodities in an effort to tame inflation that has surged to the double digits, Prime Minister Nguyen Tan Dung said. He also urged the central bank to stabilize the dollar rate and gold prices.

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mercredi 24 novembre 2010

Vietnam gold imports since 1998 recorded at 339 tons

Vietnam imported 339.86 tons of gold from 1998 to September this year while exporting 268.86 tons during the period, central bank governor Nguyen Van Giau said in a statement Monday, citing customs statistics.

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jeudi 11 novembre 2010

Vietnam pledges to fight inflation

The Vietnam government said Wednesday it continues to be confronted with rising price pressures and faces an uphill battle trying to keep inflation in single digits by year's end, but it remains determined to stabilize the economy.

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mardi 26 octobre 2010

Vietnam may restrict gold business at commercial banks

The State Bank of Vietnam will issue new regulations this week that could restrict gold lending and borrowing at commercial banks, news website VnExpress reported on Sunday.

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mardi 12 octobre 2010

Vietnam allows 10 businesses to import gold

The State Bank of Vietnam (SBV) has granted permission to import gold for 10 businesses with the total volume of about three tonnes, leading domestic gold price to be closer to the international gold price. This move has also slowed down the increasing momentum of dollar price.

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mercredi 16 juin 2010

Vietnam’s gold habit weighs down dong

Hanoi - Buying 500 Vietnamese taels of gold, a large but not exceptional purchase equivalent to a little under 19 kilogrammes, takes more than 2.5 times that weight in local bank notes.

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dimanche 31 janvier 2010

Slow trading to shut Vietnam gold floors ahead of deadline

Vietnam gold exchanges said they would close far ahead of the government’s deadline due to a halting decline in trading volumes.

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dimanche 3 janvier 2010

Vietnam orders gold-trading floors shut by end-March

HANOI — Vietnam, where many people see gold as a safe haven against economic uncertainty, has ordered public gold-trading floors shut by March 31 because they rest on a "fragile foundation".

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vendredi 13 novembre 2009

Vietnam Airlines suspends attendants for smuggling gold

Hanoi - Vietnam Airlines has suspended three flight attendants after they were seized by South Korean customs authorities while trying to smuggle undeclared gold jewellery out of the country, a company spokesman said Friday.

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