The local gold prices dropped by VND180,000 or US$8.4 per tael on June 23 compared with last week's rates, while the prices in the world market rose steadily SJC gold is listed at VND36.82 million (US$1,753) in Saigon Jewellery Company on June 23.— Photo dantri.com.vn HA NOI (Biz Hub) — The local gold prices dropped by VND180,000 or US$8.4 per tael on June 23 compared with last week's rates, while the prices in the world market rose steadily. At 3 pm in Ha Noi, each tael of the state-owned SJC gold was listed at VND36.82 million or $1,753 at the Saigon Jewellery Company. Meanwhile, on the global gold trading floor, Kitco.com, the gold price rose by $1.6 per ounce and was listed at $1,316.3 per ounce or $1,586 per tael. According to reuters.com, gold prices steadied near a two-month high on Monday as the escalating violence in Iraq and geopolitical tensions supported the metal's safe-haven appeal. However, stronger equities and sluggish demand looked likely to add … [Read more...] about Gold prices fall in Viet Nam
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Viet Nam’s top 500 firms named
State-run Viet Nam Oil and Gas Group (PetroVietnam) remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue (VNR500) this year. PetroVietnam remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue (VNR500) this year. — Photo VNA HCM CITY (Biz Hub) — State-run Viet Nam Oil and Gas Group (PetroVietnam) remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue (VNR500) this year, while the Viet Nam Dairy Products Joint Stock Company (Vinamilk) has been named the country's largest private enterprise. The Top 500 Largest Enterprises list from the Revenue Ranking Board follows the Fortune 500 model. It was released on Tuesday by the Viet Nam Report Company and online news site VietnamNet. Top 10 companies by revenue 1. Viet Nam National Oil and Gas Group (PetroVietnam) 2. Samsung Electronics Vietnam Co., Ltd 3. Viet Nam National Petroleum Group (Petrolimex) 4. Viet Nam Electricity … [Read more...] about Viet Nam’s top 500 firms named
Credit quality of Viet Nam banks has improved: Moody’s
The credit quality of Vietnamese banks has improved, thanks to the combination of macroeconomic stability and improved governance, Moody's said on Thursday. A customer uses consulting service at Vietnam International Bank. Moody's upgraded the ratings of Viet Nam International Bank (VIB)'s B2 deposits and E+/b3 BFSR/BCA by one notch. — Photo Kinh Luan HA NOI (Biz Hub) — The credit quality of Vietnamese banks has improved, thanks to the combination of macroeconomic stability and improved governance, Moody's said on Thursday. In a report entitled "Stabilising trend for the macro environment will help Vietnamese banks address problems in asset quality," the rating agency said that the key drivers have prompted some credit differentiation among Vietnamese banks, albeit at modest levels, as reflected by Moody's positive rating actions on six banks recently. On September 22, Moody's upgraded the ratings of Viet Nam International Bank (VIB)'s B2 deposits and E+/b3 … [Read more...] about Credit quality of Viet Nam banks has improved: Moody’s
Viet Nam’s puppets take on popular tales
A troupe from the Viet Nam Puppetry Theatre is in the French cities of Lyon and Le Revest-les-Eaux to perform with water puppetry the classic fairy tales of Hans Christian Andersen. Ten-member troupe is touring in the French cities to perform water puppetry the classic fairy tales of Hans Christian Andersen until November 8. — Photo tuoitre.vn The tour has been undertaken as part of a project begun in 2013 between the Viet Nam Puppetry Theatre and the French Interats Riviera SA organisation. Three popular Danish stories, including The Little Mermaid, The Ugly Duckling and The Steadfast Tin Soldier, are narrated using Vietnamese traditional water puppetry. The 60-minute performance is performed by some ten artists. This is the second time Anderson's tales have performed water puppetry in France, with the first being during the Vietnamese Culture Week held to commemorate the 40th anniversary of relationships between Viet Nam and France in 2013. "Last time, we enchanted … [Read more...] about Viet Nam’s puppets take on popular tales
Thai SCG eyes more investments in Viet Nam
Thailand's Siam Cement Group, which has invested US$700 million in Viet Nam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sectors. Thailand's SGC will invest more in Viet Nam. — Photo vinacorp.vn HA NOI (Biz Hub) — Thailand's Siam Cement Group, which has invested US$700 million in Viet Nam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sectors. SCG Viet Nam Executive Director Dhep Vongvanich said to Thailand's The Nation newspaper on January 23 that the leading Thai industrial conglomerate was determined to run a cement factory in Viet Nam. SCG would continue the construction of the $4.5–billion Long Son integrated petrochemical complex in the southern Ba Ria – Vung Tau Province, despite the recent withdrawal of Qatar Petroleum, one of the four key partners in the project, he said. "Our target is that we must have a cement … [Read more...] about Thai SCG eyes more investments in Viet Nam