Gold Price Decreases ⁤Sharply

On September 19, the domestic gold market saw a decrease of 100 to 200 thousand VND/tael in all brands ‍compared‌ to September 18.

• SJC gold ⁢in Hanoi​ and Da⁤ Nang: 79.8 million VND/tael for buying (down 200 thousand VND/tael), 81.8 million VND/tael for selling (down ⁤200 thousand⁢ VND/tael).
• SJC Phu Quy⁢ Gold: 79.8 million VND/tael for buying, 81.8 million VND/tael for selling (down 200 thousand VND/tael for both buying and​ selling).
• DOJI Gold in Hanoi and Ho Chi Minh ⁣City: 79.8 million VND/tael⁣ for‌ buying, 81.8 million VND/tael for selling (down 200 ‌thousand VND/tael for both buying and selling).
• PNJ gold⁣ price in Hanoi and Ho Chi Minh City is 78.1 million VND/tael (down ​100 ​thousand VND/tael) for buying, 79.2 million VND/tael for selling.
• The price of Thang Long Dragon ​gold ring at Bao Tin Minh Chau Company is at ‌78.8 – ⁢79.18 million VND/tael (buy – sell).

US Federal Reserve Reduces Base Interest Rate

The US Federal Reserve‌ (FED) reduced the base interest rate by 0.5 percentage⁢ points, down to 4.75% – 5%.

The FOMC‍ said the US⁣ economy has​ made progress in‍ cooling inflation but it remains high.

Analysts predict that the FED⁢ will reduce rates by ‌another 0.5 ​percentage points by the end of 2024, and by another 1 percentage point in 2025.

Gasoline Prices Rise Again

From 3:00 p.m. on ​September‌ 19, the⁤ price of E5 RON92 gasoline increased by 51 VND/liter; RON95-III gasoline increased by 127 VND/liter and fuel oil ​increased by 359 VND/kg.

Diesel oil decreased by 122 VND/liter, down to 17,043 VND/liter and kerosene decreased by 239 VND, the new price is⁤ 17,551 VND/liter.

Low Liquidity, VN-Index Still Surpasses‍ 1,270 Points

The VN-Index increased​ 6.37 points (+0.50%), to 1,271.27 points.

Total trading volume reached more than 607.5 million units, worth VND14,285.4 billion, down 24% in volume and 23% in ⁤value compared to yesterday’s session.

Saigon Co.op Responds to Storm ‌No. 4

Saigon Co.op has quickly increased its stock of goods by ⁤3 times‍ compared to⁢ normal days.

The company has also proactively increased the supply of goods‌ from raw material‌ areas and​ available sources in the provinces.

Supermarket staff are on ⁢duty ​at the lines, cash ‌registers, warehouses… ‍to quickly replenish goods⁢ on shelves, supporting customers to ‍shop safely and quickly.

Banks Continuously Increase Savings Interest Rates

Banks continue to increase savings interest rates, with many assessments saying that⁣ there is not much room left‍ to ⁣increase deposit interest rates from now until the end of the year.

• PGBank has just adjusted to increase interest rates for⁣ short-term deposits, from 1-3 months.
• OCB continues to increase deposit interest rates by 0.2%/year for terms from⁣ one to eight months, and by 0.1%/year for terms from nine to 11 months.
• Techcombank ‍increased ⁢the interest⁢ rate by ⁢0.2%/year ‍for terms under 3 months​ to 3.6%/year.

Vietnam’s Automobile ⁤Industry to ‌2030

By 2030, the average growth rate of the automobile ⁢market will‍ be 14 -⁣ 16%/year, with total vehicle⁢ sales reaching about 1 – 1.1 million units.

The⁤ proportion of⁢ electric vehicles⁣ and hybrid and solar ⁤energy vehicles will reach‌ 350,000 units, domestically assembled and manufactured vehicles will grow at a rate of 18 – 20%/year.