SJC gold bullion rose by VNĐ1 million per tael (US$39.56 per tael) from the previous session to VNĐ88 million for buyers and VNĐ90 million for sellers.
Steel production in China decreased to 77.9 million tonnes in August from nearly 83 million tonnes in July. Its steel imports dipped by 9 per cent year-on-year in July.
Two petrochemical refineries, 38 key trading enterprises, over 320 distributors and representatives of private petroleum companies of more than 17,000 petroleum outlets are expected to join the exchange floor.
According to VSSA, the total sugar supply reached nearly 1.34 million tonnes in the past seven months, higher than 1.3 million for the whole year of 2023.
The domestic steel market is currently inundated with various steel products, while imported steel continues to flood in, intensifying price competition for local producers.
Appropriate and timely trade measures, following Việt Nam''s and World Trade Organization''s (WTO) regulations, will help the domestic steel industry minimise damage caused by unfair competition practices and protect local production, said industry leaders.
Domestic consumption is running out of steam as consumers face uncertainties, along with changes in shopping habits. Meanwhile, businesses have reported it''s increasingly difficult to develop ways to maintain purchasing power and reduce inventory buildup, said industry insiders and economists.
This is the fourth extension of special consumption tax payment deadline since 2021 with an aim to support domestic manufacturers in the context of ping purchasing power after the COVID-19 pandemic.