Share market for 2018

In a press release yesterday, SBV said the increase of gold prices was due to the increasing demand for investment in gold as a safe asset in the current period. Many governments and central banks implemented economic stimulus packages to limit the negative impact of the COVID-19 pandemic on the economy. … [Read more...] about Gold prices go up, SBV commits to stabilise market

Most notably for the country, a study by the Ministry of Planning and Investment indicates that under normal circumstances, the EVFTA has the potential to contribute to an average GDP increase of up to 3.2% over the first five years of its implementation. Indeed, this average GDP increase will rise to 5.3% over the subsequent five years and up to 7.72% ahead in the following five years. … [Read more...] about Local businesses told to upgrade upon entering EU market

A company would suffer a maximum fine of 500 million VND for using false information in its profile or covering false information when it files for listing shares on overseas markets. The minimum penalty for the violation is 400 million VND. … [Read more...] about Maximum $130,700 fine for listing violations: Draft decree

Saigon Jewelry Company bought gold at VND57.85 million per tael and sold at VND59.1 million per tael, an increase of VND1.02 million per tael in buying rate and VND1.1 million per tael in selling rate compared to the previous day at 4 p.m. in Ho Chi Minh City. At the same time in Hanoi, Bao Tin Minh Chau Jewelry Company listed the price at VND57.95 million per tael for buying and VND58.75 million per tael for selling, up VND1.13 million per tael in buying rate and VND1.1 million per tael in selling rate. In the global gold market, the precious metal was traded at US$2,014 an ounce at 9 a.m. Vietnamese time, an increase of nearly $40 an ounce compared to the previous trading session. At night on August 4, the heavy metal sometimes exceeded an all-time high to $2,031 an ounce. Currently, after conversion, the global gold price was equal to VND56.5 million per tael, lower than the domestic gold price by VND2.5 million per tael. VN-Index gains nearly 11 points Vietnam’s stock … [Read more...] about Gold soars to above VND59 million per tael

CIFI's scrip dividend plan, which was announced in June 2020, met with an enthusiastic response from the market. According to the plan, a total of 82,279,281 scrip dividend shares were issued in lieu of HK$545.5 million in cash. This strengthened the Group's capital base. The Lin family and Mr. Lin Zhong have taken up 45,248,366 scrip dividend shares. This increased the controlling shareholders' equity interests in CIFI to 54.32% and indicated that the major shareholders are confident about the Company's future business development. … [Read more...] about CIFI’s contracted sales grew by 51% year on year to RMB 21.99 billion in July 2020