Bắc giang
Gold prices reach new highs
Vietnam gold prices skyrocketed to historic peaks Wednesday morning as global bullion rates also set a new record.
Saigon Jewelry Company gold bar price rose by 2.78% to a record VND111 million (US$4,294) per tael. A tael equals 37.5 grams or 1.2 ounces.
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A person holds gold bars at a shop in Ho Chi Minh City. |
Gold ring price soared by 4.25% to VND110.5 million per tael, also a new peak.
Globally, gold hit a record and the dollar stayed under pressure on Wednesday, Reuters reported.
Overnight, President Donald Trump ordered a probe into potential new tariffs on all U.S. critical minerals imports, on top of reviews into pharmaceutical and chip imports. Beijing is continuing to play hardball, having reportedly ordered airlines to suspend deliveries of Boeing aircraft.
"Both countries seem to believe they have the upper hand, potentially prolonging the current stalemate for months to come," said analysts at PGIM Fixed Income in a note to clients.
"China appears to have no intention of climbing down from its current stance on tariffs and instead views the current trade dynamics as an opportunity to make inroads with countries that export to the U.S."
All of the uncertainties left gold in an unstoppable position, with the bullion up 1.2% to hit another record high of $3,266.65 per ounce.
ANZ on Wednesday updated their forecast for gold to hit $3,600 an ounce by the year-end, arguing that the risk-off purchases for the asset are yet to pick up.
State-owned enterprises (SOEs) must strive to obtain high and sustainable growth to contribute to promoting Vietnam's high, rapid, and sustainable development, Prime Minister Pham Minh Chinh requested at a meeting with SOEs in Hanoi on April 15.
BAC GIANG - Bac Giang Power Company has recently approved an additional 10 major repair projects at 110 kV substations across the province. The upgrades will cover substations in Luc Nam, Song Cau, Doi Coc, Lang Giang, Van Trung, Southern Bac Giang City, Duc Thang, Quang Chau as well as repairs to the fiber-optic cable network connecting these substations.
BAC GIANG - By the end of the first quarter of this year, the Customs Branch of Region V collected more than 636 billion VND (27.6 million USD) in import and export taxes from 462 enterprises operating in Bac Giang province — an increase of over 32% compared to the same period last year. This figure represents more than 27% of the annual target.
Vietnam and China have signed seven important cooperation documents in the railway and road sectors, including two intergovernmental treaties, two official development assistance (ODA) agreements between the two governments, and three ministerial-level accords.
The U.S. imported $111 million worth of Vietnamese fruits and vegetables in the first quarter, up 66% year-on-year.
Vietnam and the Republic of Korea (RoK) have agreed to boost cooperation in trade, industry and energy to support businesses amid global economic uncertainties.
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