Business
Gold prices lose advantage as the market bets on Fed interest rate hikes
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Gold prices are under pressure as the market increases expectations of the Fed raising interest rates, although falling oil prices help limit the weakening momentum.
Tuyen Quang to have an industrial park worth over 850 billion VND soon
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Tuyen Quang - Approving the investment policy is an important step in the process of implementing the development plan of industrial parks in the area.
Update on gasoline and oil prices on June 18: Deep reduction
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Update on gasoline and oil prices on June 18: At 6:20 PM on June 18, world oil prices simultaneously fell sharply.
Gold price update at the closing session on June 18: Falling from 4,300 USD/ounce
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Gold price update at the closing session on June 18: World gold fell sharply below 4,300 USD/ounce, under pressure from the Fed's tough stance and the rising USD.
Lao Cai sets budget revenue record in the first 6 months of the year
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Lao Cai - With outstanding growth, the province is creating momentum to accelerate to realize the goal of becoming a growth pole and a regional trade connection center.
Purchasing power increases, black market USD prices increase slightly, SJC gold price increases by 100,000/tael
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Foreign exchange rate today: USD price increased slightly at the end of the week. Gold prices are under strong selling pressure in the context of investors shifting cash flow to stock channels... In contrast to the downward trend of world gold prices, SJC gold price increased by 100 thousand VND/tael.
Bitcoin price increases dramatically
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According to the reporter of Lao Dong Newspaper, the price of Bitcoin on August 11 (Vietnam time) increased by more than 6%, bringing the value of the world's largest cryptocurrency to more than 24,000 USD.
World oil prices increase, domestic gasoline prices reach over VND23,000/liter
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In the trading session on August 11 (Vietnam time), world oil prices increased as US gasoline reserves decreased more strongly than expected.
Foreign investors investors 10.8: Net buy back 50 billion VND on HOSE
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In the stock trading session on August 10, foreign investors net bought VND50 billion and VND10.7 billion on HOSE and HNX, respectively. In contrast, this group net sold VND 13.4 billion on UPCOM.
Bitcoin price is anchored at 23,000 USD
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According to the reporter of Lao Dong Newspaper, the price of Bitcoin in the past 24 hours (Vietnam time) has fluctuated slightly down, however, the largest cryptocurrency is still anchored at the 23,000 USD mark
Purchasing power increases, USD prices gradually strengthen, gold prices fluctuate due to selling pressure
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Foreign exchange rate today: USD price increased despite concerns about upcoming inflation data. Gold prices are fluctuating, investment cash flow in gold is not strong. SJC gold price fell by 100 thousand VND/tael.
Gold price today 8.10: bottom-fishing demand increases, gold price skyrockets as USD decreases
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Gold prices today increased again as USD prices fell sharply. The focus of the market is on the US inflation report released this week. Gold prices are expected to have a big impact on this index.
Updated Bitcoin prices and virtual currency codes on August 10
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The virtual currency market capitalization is reaching over 1,082.977 billion USD. Of which, the value of Bitcoin accounts for 40.36%, Ethereum accounts for 18.92% of the market share.
Hot exchange rate, businesses "difficult" because USD price increases
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90% of Vietnam's import-export transactions are paid in USD. The story of exchange rate management continues to be a difficult problem that causes the State Bank to have a headache in the context of high inflation. For importing enterprises, the increase in the USD/VND exchange rate may increase capital prices, leading to a decrease in profits.
World oil prices increased by nearly 2 USD
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In the trading session on August 9 (Vietnam time), world oil prices increased by nearly 2% as positive economic data from China and the US made investors optimistic about demand prospects despite concerns about economic recession.
Bitcoin price maintains recovery momentum
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According to the reporter of Lao Dong Newspaper, the price of Bitcoin on August 9 (Vietnam time) increased to the highest level of over 24,000 USD. Developments show that the recovery momentum continues to be maintained in the world's largest cryptocurrency.
Oil prices open in red, despite oil warehouse fire in Cuba
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On August 8 (Vietnam time), world oil prices opened in red due to concerns about the risk of a global economic recession that would negatively impact energy consumption prospects.
Bitcoin price disrupts floor closed, rises to 23,000 USD
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According to the reporter of Lao Dong Newspaper, the price of Bitcoin on August 8 (Vietnam time) increased to 23,000 USD, the whole market seemed to be "revived" after a series of days of fluctuations.
Fed runs out of room to increase interest rates, experts say "The State Bank of Vietnam has a headache because of exchange rates"
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Vietnams foreign exchange reserves are currently not enough to maintain monetary policy independence. US interest rates are expected to peak in late 2022. The Fed must stand together, if it is sitting, it must sit. The prices of countries that choose to be independent in monetary policy such as Thailand and Japan are that domestic currencies have lost a lot of value," said Mr. Tran Ngoc Bau, Founder & CEO of WiGroup.
When money is no longer cheap, Dr. Quach Manh Hao predicts what about stocks
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In the period when money is no longer cheap, the differentiation in the stock market is even clearer. According to Dr. Quach Manh Hao, the market has recently adjusted somewhat excessively due to the rush of cash flow.
