Domestic gold prices drop sharply, people anxiously wait to buy
Recorded by Lao Dong reporter on May 12, the domestic price of plain round gold rings and gold bars decreased sharply.
At some gold shops on Tran Nhan Tong Street (Hanoi), people's demand for gold rings is increasing. Many people are willing to wait for hours to buy gold rings.
Mr. Nguyen Huu Dang (Hoan Kiem District, Hanoi) - a customer waiting to buy gold rings - shared that he was present since 8am, but until now, although the store has opened, he has not announced the number of rings sold to each person.
In recent days, each customer who comes to the store has often only been able to buy a maximum of 1 to 2 taels of gold rings per day. Today, it is not clear how much is limited, but I will take as much as they allow me to buy as much as I can" - Mr. Dang said. See more...
Finding a new investor for a million-dollar resort project in Hue
Yen drops to a one-month low
According to Lao Dong, on May 12, the Japanese Yen (JPY) fell to its lowest level in a month against the US Dollar (USD) after the US and China announced a new agreement on tariffs, creating optimism in the global market and causing safe-haven assets such as the JPY to sell off.
According to the joint statement, the US will adjust the tariffs on Chinese goods, with the basic tariffs reduced to 10%. China also agreed to temporarily suspend tariffs on US goods for 90 days.
This information has investors expecting trade tensions between the world's two largest economies to ease, thereby boosting the global stock market to increase sharply and reducing demand for holding risk-off assets such as the Yen. See more...
Khanh Hoa has 1,800 tons of Australian mango left behind despite low prices, it is still difficult to consume
For many days, the gloomy atmosphere has covered the mango gardens in Cam Hoa commune, Cam Lam district - considered the largest Australian mango growing area in Khanh Hoa.
Mangoes are in full bloom but have no output, prices have dropped so much that people have to let the roots fall off to make fertilizer.
Mr. Dinh Van Minh (68 years old, Lap Dinh 1 village, Cam Hoa commune) said that his family has more than 1 hectare of Australian mango, but traders only pay 2,000 - 3,000 VND/kg - the price is not enough to cover the cost of fertilizer and care.
"I called many contacts but they said they could not export, and I didn't know who to sell to. The mangoes started to lose their roots, it was a pity but it had to endure" - Mr. Minh said. See more...
