Yen is likely to continue to increase
According to Lao Dong, on April 24, the Japanese Yen (JPY) maintained a positive trend, thanks to growing concerns about the possibility of resolving US-China trade tensions soon. Investors continue to look to the JPY as a safe-haven asset. At the same time, expectations of Japan reaching a trade agreement with the US and the possibility of the Bank of Japan (BoJ) continuing to raise interest rates also support this domestic currency.
However, positive sentiment in the stock market due to expectations of cooling down US-China tensions and confidence in the independence of the US Federal Reserve (Fed) are holding back the strong increase of the JPY. The USD is still trading below 143 JPY/USD. See more...
Gasoline prices increase after hitting a record low in 4 years
In the adjustment session on April 24, the price of E5 RON 92 gasoline increased compared to the previous adjustment period, priced at VND 19,238/liter (up VND 740/liter). RON 95-III gasoline price increased compared to the previous adjustment period, at VND19,638/liter (up VND782/liter).
Prices of oil products increased simultaneously. Of which, diesel 0.05S is priced at VND17,524/liter (up VND487/liter); kerosene has a new price of VND17,71/liter (up VND531/liter); mazut is priced at VND16,524/kg (up VND564/kg). See more...
High food prices, people are happy to spend
Records of Lao Dong reporters at Ha Dong, La Khe, Phung Khoang, Kim Giang, Dong Xa markets (Hanoi) on April 24 showed that the price of green vegetables increased sharply, and the supply was scarce.
Vegetables such as sweet cabbage, water spinach, amaranth... all increased in price by 30 - 50% compared to two weeks ago. Many traders said that the hot weather in early summer makes harvesting difficult, and vegetables are prone to spoilage during transportation, thereby pushing up prices.
"There are few who buy, but many who buy, forcing them to sell at a higher price. We also don't want that, but there are few goods, and they are easily crooked. If prices don't increase, we will lose money," Ms. Hong - a trader at Dong Xa market - explained. See more...
Gold prices recover, waiting for fatigue to buy 1 tael of gold
On April 24, domestic gold prices showed signs of recovery, many people flocked to jewelry stores in Hanoi, especially on streets such as Cau Giay and Tran Nhan Tong to buy.
According to records, many stores were overloaded, people lined up early to wait to buy. Many stores in Hanoi are currently applying a policy of limiting the amount of gold sold to control the number of customers, avoiding overload. Many customers also reported that ordering by phone or online is also difficult due to the system being overloaded or not having time to respond.
In the Cau Giay street area, long lines of people patiently wait for their turn to buy gold rings. Mr. Nguyen Tuan Khoi (Cau Giay - Hanoi) shared: "Gold prices tend to increase, so I take advantage of buying to save. This morning I called the store hotline, and was informed that each person could buy up to 2 taels of gold rings. But after only 20 minutes of arriving, the staff announced that they could only buy 1 because of the large number of customers. Right now I still have to wait. See more...
