Silver prices drop, stores are bustling with customers
Recorded by Lao Dong reporter on October 8, domestic silver prices turned to decrease slightly. In Hanoi, many people are still flocking to silver shops, lining up to buy.
At a silver shop on Tran Nhan Tong Street (Hanoi), Mr. Chu Minh Tuan (Hoan Kiem Ward, Hanoi) said that he used to buy gold for storage, but recently the stores have sold in limited quantities, so he has switched to buying silver to buy more.
"The price of gold is now too high and it is difficult to buy, so I switched to silver to buy more. However, there are currently many people who want to buy silver. I bought 1kg and 10 taels, but the store said that I would not have to wait until February 5 next year, whether the buyer bought a little or a lot, they would have to wait like that" - Mr. Tuan shared. See more...
Grasping the logistics boost after the merger, Can Tho agricultural products accelerate exports
After 2 consecutive storms, green vegetables increase in price
On October 8, according to a reporter from Lao Dong Newspaper at a traditional market in Dich Vong Hau (Cau Giay), many types of vegetables have increased in price significantly. Green vegetables are sold at prices 5,000 - 10,000 VND higher than normal.
Ms. Ngo Thi Hue - a trader at Dich Vong Hau market - said: "Sweet cabbage is usually 25,000 VND/kg per day, today it increased to 30,000 VND/kg, like the same with bok choy. Water spinach from 25,000-30,000 VND/bunch is now up to 35,000 VND/bunch, while some other vegetables are still priced as good."
Explaining the reason for the increase in the price of green vegetables, Ms. Ngo Thi Hue said that the main reason is the impact of flooding and storms, so the price of imported vegetables is somewhat more expensive.
"Yesterday, in the storm, I still brought goods to sell but consumed very little. The floodwaters reached my back, so I had to get down and push my motorbike to get there. Once I have transported my goods out, I have to try to sell them whether it is raining or flooding" - Ms. Hue said. See more...
Foreign investors return to net buying after the decision to upgrade Vietnam's stock market
In the early morning of October 8, FTSE Russell officially announced the upgrading of the Vietnamese stock market from Border to Secondary New Floating, ending a 7-year wait since being included in the monitoring list. This is a historic milestone, marking a major step forward for the Vietnamese market in the process of integration and approaching international standards.
After the exciting period at the beginning of the session, the market quickly cooled down. Short-term profit-taking pressure appeared early, especially in the blue chip group, causing the increase to narrow significantly. At the end of the session on October 8, the VN-Index increased by 12.53 points to 1,697.83. The value of matched orders on HoSE reached more than VND31,300 billion, an improvement compared to many previous sessions.
One of the reasons why the VN Index did not increase as expected stemmed from the "room-clearing" move of foreign investors. At the time of closing the morning session, foreign investors net sold nearly VND1,000 billion on the HoSE, raising the net selling chain to 16 sessions. However, at the end of the trading session, foreign investors returned to net buying with a value of about 156 billion VND in the whole market. See more...
