Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
 |
| Central bank successfully auctions 3,400 taels of SJC-branded gold bars (Photo:VNA) |
The two winners were Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).
The highest winning price stood at 81.33 million VND (3,195 USD) per tael, while the lowest was 81.32 million VND per tael.
On April 22, the SBV issued a notice regarding the auction of 16,800 taels of gold bullion to credit institutions and enterprises. These entities were required to meet all the conditions specified by the SBV to take part in the auction.
According to the central bank, seven banks and four enterprises participated in the gold bullion auction, the first of its kind in 11 years. The last time the central bank sold gold bars was in 2013 when over 1.8 million taels were offloaded, with a total of 76 auctions.
The aution is seen as a decisive measure to boost the gold supply in the market. Right after the event, in the domestic market, gold prices fell by about 1 million VND per tael from the previous session.
At 1pm (local time), SJC gold prices were quoted at 80 million VND for sellers and 82.5 million VND for buyers.
Meanwhile, PNJ gold prices dropped 900,000 VND per tael from the previous session to 79.8 million VND per tael for sellers and 82.3 million VND for buyers./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
