Fed pulled down the gold price

The gold price on  29th November 2016 dropped since the US Federal Reserve System (Fed) has been increasing the  interest rates highly, the dollar rose and the confidence in global economic growth is improved. The gold price for spot delivery fell 0.42% to USD 1,188.34 / ounce. The gold price for forward delivery fell 0.24% …

No conclusion on the deal Mobifone spent nearly VND 9,000 billion offering to buy AVG

Mr. Hoang Vinh Bao, Deputy Minister of Information and Communications, said that the Prime Minister has instructed the Government Inspectorate to clarify the deal that Mobifone offered to buy AVG. There is still no final conclusion. At the regular  press conference of the Government in the evening of 29th November 2016, reporters raised the question …

K & K has been negotiating with Vingroup to appear in the Vingroup system

K & K has been negotiating to coordinate with Vingroup Many Korean retail businesses have opened the campaigns to penetrate Vietnam domestic market. Recently, the retail system K-market has been in Hanoi and Ho Chi Minh City and been negotiating to cooperate with Vingroup. In the morning on 29th November, the Korea Trade-Investment Promotion Agency …

Will SHB “follow” MB and HD Bank?

There may be a trend that Vietnam banks rush to establish financial companies and then sell to foreign investors. SHB may not be an exception. Rush to establish financial companies In 2014, the wave to form financial companies began to bloom because of the fact that this was a potential sector. A series of banks …

Trade surplus plummeted in the last months of 2016

In the last months of 2016, it is shown that trade deficit is rising. Thereby, trade surplus in the whole 2016 is decreasing. Specifically, according to the General Statistics Office of Vietnam, in November 2016, Vietnam recorded a trade deficit of USD 400 million. And this is the second consecutive month that Vietnam has recorded …