PNJ Prepares Financial Resources Amid Rising Diamond Buyback Demand
Phu Nhuan Jewelry (PNJ) has reported a significant surge in diamond buyback demand, with buyback sales exceeding five times that of sales. Despite the pressure on cash flow, PNJ has allocated thousands of billions of Vietnamese dong to meet customer needs.
Average Lending Rate Rises to 10.5% Per Annum
The average lending rate in Vietnam has increased to 10.5% per annum, marking a significant adjustment by banks. This rise reflects the ongoing changes in the banking sector as institutions adapt to economic conditions.
Over $12 Billion Lost in Vietnam's Stock Market Crash
Vietnam's stock market faced a significant downturn, losing nearly 310 trillion VND (approximately $12 billion) in market capitalization in just one trading session. The VN-Index dropped by 3.6%, marking the steepest decline since the beginning of 2026.
Foreign Investors Sell Nearly 2 Trillion VND Amid VN-Index Drop
Foreign investors sold a net amount of nearly 2 trillion VND as the VN-Index plummeted by 62 points, closing at 1,668 points. This significant sell-off affected several major stocks, with SSI leading the losses.
VN-Index Falls Below 1,700 Points Amidst Selling Pressure
The VN-Index has officially dropped below the 1,700-point mark, hitting its lowest level in nearly four months due to widespread selling. Investor sentiment has turned cautious, leading to significant sell-offs as the market grapples with ongoing pressure.
USD Exchange Rate Plummets in Vietnam's Black Market
The USD exchange rate in Vietnam's black market has seen a significant decline, with rates dropping to nearly 26,000 VND. This marks a decrease of around 250 VND compared to earlier in the week, reflecting a broader trend of falling rates.
Bitcoin Price Expected to Double by 2027
A recent prediction suggests that Bitcoin could double its value by the end of 2027, potentially reaching $125,000. Analysts believe historical trends and market dynamics support this optimistic forecast.
VN-Index Drops Over 43 Points Amid Investor Sell-Off
The VN-Index experienced a significant decline of over 43 points at the start of the week, marking its lowest level since early April. The sell-off was driven by widespread pressure on stocks, with many investors liquidating their holdings.
Gold Price Predictions for the Second Half of 2023
As the gold market enters a pivotal phase, three potential scenarios for gold prices in the second half of 2023 have emerged. Influenced by geopolitical tensions and changing interest rates, analysts are closely monitoring market dynamics.
Gold Prices Rise on July 18: Market Update
On July 18, gold prices experienced a notable increase, reversing previous trends. Domestic gold prices adjusted upwards by approximately 700,000 to 1 million VND per tael.
Silver Prices Plummet Close to 59 Million VND/kg on July 16
On July 16, silver prices experienced a significant drop, nearing 59 million VND per kilogram. This decline is attributed to pressures from the US dollar and rising bond yields.
Foreign Investors Net Buy Over 620 Billion VND in Three Bluechips
On July 16, foreign investors were active in the stock market, net buying over 620 billion VND in three bluechip stocks: VHM, ACB, and VIC. This marked a return to a net buying position after a previous selling spree.
