Many people still line up to buy gold
On May 9, at many large gold shops in Hanoi, people lined up from early morning to buy gold. At Bao Tin Minh Chau store on Tran Nhan Tong street, Hanoi, the line of people stretched out to the sidewalk.
At Bao Tin Minh Chau store on Tran Nhan Tong street (Hanoi), the line of people stretched out to the sidewalk. Mr. Nguyen Van Dat (Long Bien District) shared: "I arrived at 8:30 am, but until now I was still waiting for my turn to trade. I still come to queue when I have to. This morning, Bao Tin Minh Chau only sold each person 2 taels of gold rings, without SJC gold bars". See more...
EVN increases electricity prices by 4.8% from May 10
At the press conference on the afternoon of May 9, EVN announced that the average retail price of electricity increased from VND 2,103.11 to VND 2,204.07 per kWh (excluding VAT), equivalent to an increase of 4.8% from May 10.
Electricity prices are considered for change every three months, when input costs increase by 2% or more, according to Decree 72 of the Government. That is, there will be 4 price changes each year. Most recently, electricity prices were adjusted on October 11, 2024, remaining there until now. Thus, after 8 months, the price has been changed and this is the first increase this year. See more...
Many investors in Dak Nong disburse capital at 0 VND
Mr. Nguyen Ngoc Duc, Deputy Director of the Dak Nong Department of Finance, said that in 2025, Dak Nong province will allocate VND 4,098 billion in public investment capital. Of which, more than VND422 billion in capital in 2024 was transferred.
According to Mr. Duc, up to now, the province has only disbursed more than 430 billion VND, reaching more than 11%. Of which, local budget capital has only disbursed nearly 17% of the plan; central budget capital has reached more than 9%; the central budget has supported with a target of more than 5.6%; ODA capital has only reached more than 3% of the plan.
For the above capital of VND422 billion, only VND43 billion has been disbursed, reaching more than 10% of the plan.
It is worth mentioning that there are currently 6 investors disbursing 0 VND including the Department of Education and Training; Department of Culture, Sports and Tourism; Provincial Youth Union; Provincial Party Committee's Organization Committee; Political School and Community College. See more...
Yen suddenly increased after hitting bottom
According to Lao Dong, on May 9, the Japanese Yen (JPY) recorded a strong recovery after reaching a 4-week low against the USD. The reasons come from two main factors: increased demand for safe-haven assets in the context of escalating geopolitical tensions and expectations that the Bank of Japan (BoJ) will continue to raise interest rates.
According to FXStreet, data released by the Japanese government showed that household spending in March increased by 0.4% compared to the previous month and increased by 2.1% compared to the same period last year - all exceeding market expectations. This increases the likelihood that the BoJ will not soon stop its monetary tightening policy. See more...
