Cash to flow into stocks, real estate on back of gold rally, low interest rates

Cash to flow into stocks, real estate on back of gold rally, low interest rates

While gold prices have been climbing sharply, deposit interest rates remain low, and the stock market has experienced recent corrections, so where should people put their money to make a profit? The Investor spoke with Pham Manh Hung, vice head of the Research Institute for Banking, under the Banking Academy of Vietnam, about this issue.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jewelry major PNJ aims for $81 mln after-tax profit in 2024

Jewelry major PNJ aims for $81 mln after-tax profit in 2024

Vietnam’s Phu Nhuan Jewelry JSC has targeted VND2.09 trillion ($80.65 million) in after-tax profit this year, up 6% from 2023 and a new record for the firm, according to its leadership.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank inaction on gold fever can have severe economic impacts: economist

Central bank inaction on gold fever can have severe economic impacts: economist

The sharp increase in gold and USD prices presents serious market stabilization challenges for the State Bank of Vietnam (SBV), writes Dr. Nguyen Huu Huan, an economist at the Ho Chi Minh City University of Economics.

Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7

2024 expert advice: understand investment channels better, make money calmly

2024 expert advice: understand investment channels better, make money calmly

Investors can stay proactive and calm, limit herd behavior and adopt appropriate investment and retracement strategies in 2024 with improved knowledge and understanding of investment channels, says Can Van Luc, chief economist of BIDV bank and director of BIDV Research & Training Institute.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank tightens rules on gold bullion production

Vietnam central bank tightens rules on gold bullion production

The State Bank of Vietnam (SBV), the country’s central bank, has issued a decision to update a sister rule issued in 2012, in a move to tighten the production of gold bullion amid recent volatility in the local market.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jewellery major PNJ posts $49 mln profit in 7 months

Jewellery major PNJ posts $49 mln profit in 7 months

Phu Nhuan Jewellery JSC, Vietnam's largest jewelry retailer, reported an after-tax profit of VND1.17 trillion ($49.2 million) in the first seven months of 2023, up 0.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gold loses its shine among Vietnamese people

Gold loses its shine among Vietnamese people

Consumer demand for gold in Vietnam decreased by 9% year-on-year to 12.7 tonnes in the second quarter of this year, according to the World Gold Council.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam top Southeast Asian Games with 136 golds

Vietnam top Southeast Asian Games with 136 golds

The 32nd Southeast Asian Games (SEA Games) wrapped up in Cambodia’s Phnom Penh Wednesday night with Vietnam having secured 136 gold medals to top the region’s biggest biennial sports event.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investment channel expectations for 2023

Investment channel expectations for 2023

Stocks, gold, and real estate in Vietnam will probably be sound channels for investors this year amid current global economic headwinds, but improving portfolios to minimize risks is advisable, a business roundtable on Tuesday heard.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Prospects of investment channels in 2023

Prospects of investment channels in 2023

Vietnam's economy is forecast to continue facing a range of difficulties in 2023, when up to one third of the world's economies may fall into recession and global GDP is expected to grow only 2.2-2.5%, says Can Van Luc, director of BIDV Research & Training Institute.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jewellery maker PNJ tops year profit target in 9 months

Jewellery maker PNJ tops year profit target in 9 months

Phu Nhuan Jewellery JSC, Vietnam's leading jewelry maker, has reported an after-tax profit of VND1,340 billion ($54 million) in the first nine months of the year, up 133% year-on-year and equivalent to 101.5% of the year's plan.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jewellery maker PNJ posts $53 mln profit in 8 months

Jewellery maker PNJ posts $53 mln profit in 8 months

Phu Nhuan Jewellery JSC, Vietnam's largest jewelry retailer, reported an after-tax profit of VND1,246 billion ($52.55 million) in the first eight months of 2022, up 99.4% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jewellery maker PNJ's profit grows 66% in 7 months

Jewellery maker PNJ's profit grows 66% in 7 months

Phu Nhuan Jewellery JSC (PNJ), Vietnam's largest jewelry retailer, reported an after-tax profit of VND1,167 billion ($49.79 million) in the first seven months of the year, up 66% year-on-year, driven by 77.8% growth in retail sales.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's largest jewelry retailer PNJ gets 77% of year profit target in 5 months

Vietnam's largest jewelry retailer PNJ gets 77% of year profit target in 5 months

Phu Nhuan Jewellery JSC (PNJ) has completed 60% of its 2022 revenue target and 77% of the profit goal in the first five months of the year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7