Gold prices rise sharply, reference rate falls again
(Feb 05, 2016)
Domestic gold prices jumped sharply in the market on February 5.
Vietnamese shares rose slightly this morning on both local markets, led by financial firms.
Vietnamese shares rose on both local exchanges amid low trading volume,
led by the financial sector on expectations that US central bank will
not raise interest rates at its March meeting.
The Vietnamese retail market has seen some mergers and acquisitions
(M&A) between foreign and Vietnamese enterprises, thanks to the huge
development potential of the retail sector.
The Bao Viet Fund Management Company (Bao Viet Fund) was granted a
licence by the State Securities Commission to launch its new open-ended
The Viet Nam Dairy Products Joint Stock Company (Vinamilk) posted an
after-tax profit of nearly VND7.8 trillion (US$350 million) last year,
an increase of 28 per cent year-on-year.
Vietnamese shares rose on both local bourses this morning, led by energy stocks, after oil prices rebounded yesterday.
Telecom firm FPT Corporation (FPT) announced revenue of more than VND40
trillion (US$1.79 billion) in 2015, a y-o-y increase of 14 per cent.
Gia Dinh Textile and Garment one-member limited company (GIDITEXCO)
will launch the auction of 15 million shares in its initial public
offering on the HCM Stock Exchange on March 18.
Ban Viet Securities Company (VCSC) led the local brokerage market in
terms of revenue, earning VND336 billion (US$15 million) in 2015.
Ocean Mineral Investment Holding Company has asked the transport
ministry to allow it to buy shares owned by Viet Nam National Shipping
Lines (Vinalines) at Da Nang Sea Port JSC.