Sharp Decline: What’s Behind the Sudden and Simultaneous Drop

City. HCM forecasts that real estate prices may increase due to the impact of the new land price list; Notable stock events on November 2

– Gold price: simultaneously decreased sharply

According to the gold price update on November 1, the domestic gold market simultaneously dropped very sharply the price of gold bars and gold rings.

Gold price on November 1 dropped sharply, gold bar price reached 89.5 million VND/tael sold.

Accordingly, the price of SJC gold in Hanoi and Da Nang area is 87.5 million VND/tael purchased and 89.5 million VND/tael sold. In Ho Chi Minh City, SJC gold price on November 1 is buying and selling at similar levels compared to Hanoi and Da Nang areas. Thus, compared to the previous session’s close, SJC gold price decreased by 500,000 VND/tael in both buying and selling directions.

Doji gold price in Hanoi area is 87.5 million VND/tael bought and 89.5 million VND/tael sold, down 500,000 VND/tael in both buying and selling directions compared to the previous session’s close. The Doji gold price on November 1 in Ho Chi Minh City is buying and selling similarly to the Hanoi area.

PNJ gold price is listed at 87.5 million VND/tael purchased and 89.5 million VND/tael sold, down 500,000 VND/tael in both buying and selling directions compared to the previous session’s close.

Bao Tin Minh Chau gold price was traded by businesses at 87.5 million VND/tael purchased and 89.5 million VND/tael sold, down 500,000 VND/tael in both buying and selling directions compared to the closing session. before.

Thus, the domestic gold price on November 1 dropped sharply by 500,000 VND/tael in both buying and selling directions at some major gold brands.

Gold ring prices on November 1 dropped sharply in some gold brands.

Specifically, the price of 9999 Hung Thinh Vuong round gold ring at Doji is listed at 88.1 – 89.1 million VND/tael (buying – selling), down 550,000 VND/tael for both buying and selling directions compared to with the closing of the previous trading session.

Saigon Jewelry Company (SJC) lists the price of SJC gold rings types 1-5 at only 87.4 – 88.9 million VND/tael (buying – selling), down 300,000 VND/tael for both. buying and selling direction compared to the closing of the previous trading session.

Bao Tin Minh Chau listed the price of plain round rings at 88.18 – 89.18 million VND/tael (buying – selling), down 450,000 VND/tael for both buying and selling directions compared to the closing session. before.

According to updated world gold prices as of the afternoon of November 1 (Vietnam time), world gold prices on November 1 dropped sharply with spot gold down 40.6 USD, down to 2,747.5 USD/ounce.

Gold futures price last traded at 2,756.9 USD/ounce, down 41.9 USD compared to yesterday morning.

World gold prices have “plunged” due to profit-taking pressure after the recent strong increase. However, safe-haven demand helped the precious metal record its fourth consecutive monthly gain.

– Saigon Co.op offers incentives to 4 million member customers

From October 31 to November 20, 2024, more than 800 selling points of the City Union of Trading Cooperatives. HCM (Saigon Co.op) including Co.opmart, Co.opXtra, Co.op Food, Co.op Smile, Cheers, Finelife, Sense City, SenseMarket… simultaneously organized customer appreciation month.

Called “Gratitude for a million emotions”, the program has 4,000 products with discounts of 40% or more; 400,000 gifts sent to customers; Thank you with millions of discount deals on essential goods groups; care programs exclusively for member customers… This is also the first time Co.opmart and Co.opXtra have built a “promotion” in “promotion”: discount program based on geographical location and region. , according to each customer segment.

Saigon Co.op Member Customer Program is a customer connection platform that possesses the most “best” factors in the modern retail market: long history, many levels, simple registration procedures, diverse memberships. members, rich incentives, high discounts. With more than 4,000,000 members, the program always updates the most modern technology trends to bring customers many incentives, thereby creating regular and thoughtful customer care opportunities. The highlight of this year’s gratitude season, every Saturday and Sunday, 35 random customers will be given supermarket gratitude gifts of sweet cakes and valuable shopping vouchers.

Mr. Nguyen Ngoc Thang – Deputy General Director of Saigon Co.op shared, “The customer membership program is the foundation for Saigon Co.op to build a retail ecosystem. We spend most of our marketing costs taking care of this platform: direct discounts on invoices, high discounts… as a form of sharing spending with customers. On average, each time they shop, Saigon Co.op member customers save an average of 10 – 20%.

– City. HCM forecasts that real estate prices may increase due to the impact of the new land price list

According to the City People’s Committee, in the last three months of the year real estate prices may increase slightly in some segments due to the regulation of land prices when the new land price list is issued.

The City People’s Committee assesses that the city’s real estate market has gradually recovered, from negative growth in 2023 to positive growth again from the beginning of 2024. The growth rate is still slow but there are positive signs.

Some new projects have been approved for investment policies and some old projects have been restarted thanks to the removal of difficulties.

Specifically, in the first 9 months of the year, the city had 12 commercial housing projects with investment policies approved (including one social housing project), two projects with construction permits; More than 31,000 commercial apartments are under construction; 1,611 apartments to be formed in the future are eligible to mobilize capital and there are three social housing projects completed with 2,122 apartments.

“In the last three months of the year, the market will continue to recover but it will be slow, there will be no breakthrough, prices may increase slightly in some segments due to the regulation of land prices in the city when the new land price list issued, but there will be no strong fluctuations. New supply will gradually be added, contributing to increasing transaction volume in the last three months of the year.

The apartment segment is still considered the most potential due to slow supply growth and high demand. New policies on land, housing, real estate business, and credit effective from August 1, 2024 will have a positive impact on the market in the near future” – assessment of the City People’s Committee.

– The first stage of Viettel Marathon 2024 is about to take place

Luang Prabang will be the starting race of the first running race hosted by Vietnam in the three Indochina countries – Viettel Marathon 2024. Beyond the scope of a sporting event, this is also a journey to discover culture and nature. nature of the ancient capital of the country of Million Elephants. Below are special highlights, promising to bring Viettel Marathon 2024 athletes unforgettable experiences.

The race starts from the Royal Palace Museum on Sisavangvong Street – which is also known for the most vibrant and busiest night markets of the ancient capital of Luang Prabang. With unique architecture, the Royal Palace Museum is not only one of Luang Prabang’s most important cultural sites, but also houses many precious artifacts reflecting Lao history and culture.

Viettel Marathon 2024 is part of a series of activities aimed at celebrating the 20th anniversary of Viettel mobile service business organized by the Military Industry and Telecommunications Group in coordination with the Athletics Federation of the three countries of Vietnam, Cambodia and Laos. Consulting and supervision of the Asian Athletics Federation. After the Luang Prabang leg on November 3, 2024, Viettel Marathon will take place in Hanoi on December 1, 2024 and at Angkor Wat – Cambodia on December 22, 2024.

– Long An will form 10 logistics centers in districts

Long An develops appropriate mechanisms and policies to attract Containers into ports in the area.

On the afternoon of November 1, the People’s Committee of Long An province organized a workshop to develop policy mechanisms to attract containers to ports in Long An province.

Speaking at the conference, Mr. Nguyen Minh Lam, Vice Chairman of Long An Provincial People’s Committee, said that by 2030, Long An will form 10 logistics centers in districts.

Thereby, contributing to promoting economic exchanges between Long An and provinces in the Southeast region and the Mekong Delta.

Through the workshop, Mr. Lam said that building policies to encourage containers transported through ports in Long An province is really urgent to exploit and promote different potential… creating a breakthrough in economic development – fast and sustainable society. At the same time, creating a competitive advantage in attracting domestic and foreign investment.

– Notable stock events on November 2

Information on the calendar of notable stock events on November 2 about businesses listed on the stock market.

* PPC: REE Energy Company Limited, major shareholder of Pha Lai Thermal Power Joint Stock Company (PPC – HOSE), registered to sell 750,000 PPC shares from November 7 to December 5 by agreement and order matching method. It is expected that if the transaction is successful, the above shareholder will reduce his ownership in PPC to more than 64.49 million shares, a ratio of 20.11%.

* MCP: My Chau Printing and Packaging Joint Stock Company (MCP – HOSE) approved the plan to issue more than 1.5 million shares to pay dividends in 2023 at the ratio of 100:10 and more than 1.5 million shares to increase capital from Equity capital is also in the ratio of 100:10. The last registration date to finalize the list of shareholders receiving shares is December 2, 2024.

* MSN: SK Investment Vina I Pte. Ltd, the major shareholder of Masan Group Joint Stock Company (MSN – HOSE) sold more than 76.38 million MSN shares on October 31. Thereby, reducing ownership in MSN to more than 55.49 million shares, a ratio of 3.86%.

* VRC: VRC Real Estate and Investment Joint Stock Company (VRC – HOSE) approved the dismissal of the position of Chairman of the Board of Directors for Mr. Tu Nhu Quynh from October 31, 2024. At the same time, Mr. Phan Van Tuong was elected to replace him on the same day.

* DGC: November 19 is the trading day without the right to receive advance dividends in 2024 of Duc Giang Chemical Group Joint Stock Company (DGC – HOSE), the last registration date is November 20. Accordingly, dividends will be paid in cash at a rate of 30%, payment starting from December 20, 2024.

* TEG: Truong Thanh Energy and Real Estate Joint Stock Company (TEG – HOSE) through the capital contribution of more than 2.52 billion VND to establish Truong Thanh GiP Electricity Construction and Distribution Investment Joint Stock Company.

* NTP: Mr. Dang Quoc Minh, Secretary of Tien Phong Plastic Joint Stock Company (NTP – HNX) sold 510,000 NTP shares from October 1 to October 29. Thereby, reducing ownership in NTP to just over 4.57 million shares, a ratio of 3.53%.

* TNG: TNG Investment and Trading Joint Stock Company (TNG – HNX) approved the issuance of 4 million bonds to the public, the offering price is equal to the par value of 100,000 VND/bond, equivalent to the total value 400 billion VND, 48-month term, interest rate for the first 4 interest periods (each 3 months), is 9.5%/year.