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.
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VN-Index Drops Nearly 30 Points Amid Selling Pressure
The VN-Index closed down nearly 30 points, marking its steepest decline in three months, as strong selling pressure pushed the index below the 1,800-point mark. This downturn coincides with ongoing tensions between the U.S. and Iran, which analysts warn could further impact market stability.
PNJ Shares Surge Despite Ongoing Diamond Smuggling Investigation
Shares of Phu Nhuan Jewelry (PNJ) experienced a significant surge, reaching their ceiling price, despite new developments in a diamond smuggling case involving company personnel. The stock rose to 46,900 VND per share during trading on July 14.
VN-Index Closes with Remarkable Gains, PNJ Surprises with Ceiling Price
The VN-Index concluded the trading session with impressive gains, showcasing a positive trend in the stock market. Notably, PNJ experienced a surprising surge, hitting its ceiling price during the session.
Goldman Sachs Predicts AI-Induced Inflation Surge in the US
Goldman Sachs warns that the US is poised to experience the most significant impact from a global inflation surge driven by artificial intelligence. The bank's analysis indicates that rising prices for essential components like memory chips and software will contribute to increased consumer costs.
