Uncover the Hidden Gems: How to Score Discounted Gold Rings and Make a Stunning Turnover
City. Ho Chi Minh disbursed more than half a million billion VND in preferential credit packages; VN-Index decreased for the second session, down to 1,252 points due to sell-off pressure
– Gold price: turning back to reduce gold ring prices
According to the gold price update on October 25, the domestic gold market slightly reduced the price of gold rings and kept the price of gold bars unchanged.
Gold price on October 25 remained at 89 million VND/tael sold.
Accordingly, today’s SJC gold price in Hanoi and Da Nang area is 87 million VND/tael purchased and 89 million VND/tael sold. In Ho Chi Minh City, SJC gold price on October 25 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 remained unchanged in both buying and selling directions.
Doji gold price today in the Hanoi area is 87 million VND/tael of buying and 89 million VND/tael of selling, keeping both buying and selling directions unchanged compared to the previous session’s close. The Doji gold price on October 25 in Ho Chi Minh City is buying and selling similarly to the Hanoi area.
PNJ gold price is listed at 87 million VND/tael bought and 89 million VND/tael sold, keeping both buying and selling directions unchanged compared to the previous session’s close.
Bao Tin Minh Chau gold price was traded by businesses at 87 million VND/buying tael and 89 million VND/selling tael, keeping both buying and selling directions unchanged compared to the previous session’s close.
Thus, the domestic gold price on October 25 remained unchanged for some major gold brands.
Gold ring prices on October 25 decreased slightly in some gold brands.
Specifically, the price of 9999 Hung Thinh Vuong round gold ring at Doji is listed at 87.9 – 88.9 million VND/tael (buying – selling), down 100,000 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 – 88.5 million VND/tael (buy – sell), keeping both buying and selling directions unchanged. out compared to the close of the previous trading session.
Bao Tin Minh Chau listed the price of plain round rings at 87.88 – 88.98 million VND/tael (buy – sell), reducing 100,000 VND/tael on the buying side and keeping the selling side unchanged compared to the closing session. translate first.
According to the world gold price update as of the afternoon of October 25 (Vietnam time), the world gold price on October 25 increased again with spot gold increasing by 20.5 USD, to 2,736.3 USD/ounce.
Gold futures price last traded at 2,748.4 USD/ounce, up 19.4 USD compared to dawn of the same day.
The yellow metal price increased 1% and remained near the record high recorded at the beginning of the week, boosted by increased safe-haven demand due to concerns about geopolitical tensions.
– Viettel Post and Vietnam Airlines cooperate to expand air transport capacity between Vietnam and Europe
Cooperation between Viettel Post Joint Stock Corporation (Viettel Post) and Vietnam Airlines Corporation (Vietnam Airlines) will expand air transport capacity between Vietnam and Europe, with a plan to provide about 2,000 flights every year.
At Parcel + Post Expo 2024, the leading international technology event in the field of postal, express delivery and logistics taking place in the Netherlands from October 22 – 24, 2024 (Vietnam time), Viettel Post and Vietnam Airlines have signed a cooperation agreement, officially establishing a strategic partnership to improve international air transport capacity between the two regions.
According to the agreement, the two sides will deploy specialized air transport services between Vietnam and Europe, with 5 key routes in the first phase: England, France, Germany, the Netherlands and Italy. At the same time, the two sides also commit to promoting two-way trade promotion, connecting manufacturers, agricultural and food processing companies, trading companies… to provide full service delivery of goods from Vietnam. Nam goes to Europe and vice versa.
This specialized transport service will be a complete delivery solution, from cargo consolidation, export customs clearance, flight booking, import customs clearance and door-to-door delivery at the destination. Right on the opening day, Viettel Post and Vietnam Airlines successfully transported the first 10 tons of goods to Europe.
– Russia became the world’s 4th largest economy
The International Monetary Fund (IMF) has ranked Russia as the world’s fourth largest economy based on purchasing power parity (PPP). Russia’s gross domestic product (GDP) in 2024 accounts for 3.55% of global GDP according to PPP.
According to RT, in the Global Economic Outlook, published earlier this week, the IMF said that Russia ranked 4th in terms of PPP, behind China 18.8%, the US 15% and India 7.9%. 3.38% ahead of Japan. PPP compares economic performance and living standards between countries by adjusting for differences in the cost of goods and services.
Earlier this month, Russian Finance Minister Anton Siluanov said that the share of BRICS countries in global GDP, measured in PPP terms, has grown steadily to reach the current figure of 36.7%.
According to IMF data, the global GDP share of G7 countries (Canada, France, Germany, Italy, US, UK, Japan) calculated by PPP has decreased from 50.42% in 1982 to 29% in 2024. .
The IMF also raised Russia’s 2024 growth forecast to 3.6% this year, compared to the previous forecast of 3.2%. However, the IMF lowered Russia’s growth forecast for 2025 from 1.5% to 1.3%.
– City. Ho Chi Minh disbursed more than half a million billion VND in preferential credit packages
On October 25, the State Bank (SBV) City branch. Ho Chi Minh City said that the credit package with preferential interest rates worth VND 509,864 billion registered by 17 credit institutions earlier this year had disbursed VND 548,337 billion by the end of October, equal to 107.5% of the committed scale. earlier this year.
Mr. Nguyen Duc Lenh – Deputy Director of State Bank of Vietnam City branch. Ho Chi Minh said that this credit package is part of the Bank-Enterprise Connection Program that has been included by the State Bank of Vietnam in the annual action plan of the banking industry.
Accordingly, in the city area. In the past 10 months, Ho Chi Minh City has held conferences connecting banks and businesses, becoming a dialogue channel with businesses and communicating monetary and banking policies.
In addition, the organized conferences also create conditions for credit institutions and businesses to meet and sign loans with preferential interest rates, reduce old loan interest rates, extend debt, and increase credit limits for customers. businesses, households, cooperatives…
– VN-Index decreased for the second session, down to 1,252 points due to sell-off pressure
VN-Index lost nearly 5 points in the October 25 session due to the pressure of domestic investors to sell goods, thereby falling to 1,252 points and closing a negative trading week with a total loss of 34 points.
After the correction session on October 24, some experts believe that the selling pressure may continue in the coming sessions. Buying positions are riskier, so investors need to be cautious and limit additional purchases.
In fact, the trading session on October 25 partly proved these predictions when VN-Index opened with green covering the market. However, due to investors’ caution, some slight shaking occurred before lunch break. In the afternoon session, fierce selling pressure caused the electronic board to gradually turn red and maintain this state until closing time. VN-Index closed the weekend session at 1,252.72 points, losing 4.69 points compared to the reference and extending the losing streak for the second consecutive session.
Ho Chi Minh City Stock Exchange on October 25 recorded more than 569 million shares successfully transferred, corresponding to a transaction value of 13,784 billion VND. Matching volume decreased by 104 million shares compared to the previous session, while transaction value decreased by VND 2,197 billion. This is the session with the lowest transfer value in more than a week.
VHM leads in liquidity with a matching value of more than 1,077 billion VND (equivalent to 24.5 million shares), followed by MSN with more than 789 billion VND (equivalent to 10.1 million shares) and STB more than 660 billion VND (corresponding to 19.7 million shares).
VN-Index was covered in red while there were 207 stocks that decreased, while the number of stocks that increased was only 136 stocks. The VN30 basket has a strong differentiation when sellers dominate, leading to 19 stocks closing below reference, nearly 5 times higher than rising stocks.
The banking group is under fierce selling pressure today. Specifically, BID topped the list of codes with the most negative impact on the market when down 1.04% to 47,500 VND, followed by CTG down 0.72% to 34,600 VND. TCB ranked next with a decrease of 0.63% to 23,500 VND, EIB decreased 2.57% to 20,850 VND, VIB decreased 1.35% to 18,250 VND and SHB decreased 1.42% to 10,400 VND.
Oil and gas groups put great pressure on the market when almost all closed below reference. Specifically, PSH decreased 4.4% to 3,230 VND, POW decreased 1.7% to 11,900 VND and PVD decreased 1% to 25,650 VND.
In the real estate group, VHM was sold strongly, making already weak investor sentiment more negative and spreading to many other stocks. Specifically, HPX decreased 2% to 4,500 VND, KDH decreased 1.5% to 33,150 VND, QCG decreased 0.9% to 10,900 VND and AGG decreased 0.7% to 15,100 VND.
On the contrary, VPB went upstream and became the pillar of support for today’s session when it increased 0.5% to 20,100 VND. LPB and VCB are also rare banking stocks that traded positively in the weekend session when they increased 0.94% to 32,100 VND and 0.11% to 91,800 VND, respectively. The remaining codes that appear in the list that have a positive impact on the VN-Index are VTP, PGV, HNG, PDR, DXG, DIG and CTD.
Foreign investors continued their net selling streak for the second consecutive session. Specifically, this group sold nearly 41 million shares, corresponding to a transaction value of 1,454 billion VND while only disbursing 1,042 billion VND to buy more than 32 million shares. The net selling value was approximately 413 billion VND, nearly double the previous session.
Foreign investors focused on selling MSN with a net value of more than 258 billion VND, followed by DGC with more than 78 billion VND, TCB with 66.3 billion VND and HPG with 48.4 billion VND. In contrast, foreign cash flow focused on VPB shares with a net value of 136 billion VND. MWG ranked next with a net absorption of about 71 billion VND, followed by EIB of more than 34 billion VND.