Category: Business

Central bank cancels gold bar auction

Hanoi: The State Bank of Vietnam announced on April 22 that it has cancelled the auction of SJC-branded gold bars, which had been set for 10am the same day, as there are not enough businesses registering to join the auction and transferring deposits i…

FDI flow into garment and textile sector bounces back

Hanoi: The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.

Chairman of th…

Majority of credit institutions forecast profit growth in 2024

Hanoi: A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).

Under the survey released recently, credit institutions said the overall busines…

Auction for gold bullion starts on April 23

Hanoi: The State Bank of Vietnam starts auctioning 16,800 taels of SJC-branded gold bars in Hanoi on April 23, it said in a statement.

The starting price is 80.7 million VND (3,170 USD) per tael. A tael equals 37.5 grams or 1.2 ounces

Fifteen busine…