tk88 bet

Vietnam - strongest gold jewellery market in 2017

Vietnam was the strongest gold jewellery market in Asia last year, according to the World Gold Council’s report about gold trends in 2017 released recently.
Vietnam - strongest gold jewellery market in 2017 ảnh 1Vietnam is the strongest gold jewellery market in Asia, according to the World Gold Council’s report. (File Photo)

 Hanoi (VNA) - Vietnam was thestrongest gold jewellery market in Asia last year, according to the World GoldCouncil’s report about gold trends in 2017 released recently.

Withyear-on-year growth of 11 percent in the fourth quarter of 2017, Vietnam’sannual demand for jewellery rose by 7 percent to reach 16.5 tonnes.

Thiswas the strongest year for Vietnamese jewellery demand since 2008, the councilsaid, adding that demand benefited from robust economic growth and continuedstock market gains.

Expansionof the jewellery retail network and tentative signs that the Government willbegin to liberalise the gold market also boosted the market, the council saidin the report.

Globally,gold demand rallied in the closing months of 2017, gaining 6 percentyear-on-year to more than 1,090 tonnes in the fourth quarter, however full-yeardemand fell by 7 percent to 4,070 tonnes.

Full-yeargold jewellery demand increased by 4 percent to 2,135 tonnes - the first yearof growth since 2013.

India andChina led a 4 percent recovery in jewellery, although demandremained below historical averages.

Increaseduse of gold in smart phones and vehicles sparked the first year of growth intechnology demand since 2010.

Inanother report, the council said investors added gold to their portfolios asincomes increased, uncertainty loomed and gold’s price growth continued.

In2018, gold will be supported by synchronised global economic growth, shrinkingcentral bank balance sheets and rising rates, frothy asset prices and markettransparency, efficiency, and access.

TheState Bank of Vietnam is drafting amendments to the Decree 24/2012/ND-CP aboutgold business management, which could impact the gold market this year.

Inthe domestic market, demand for gold increased in the days approachingthe Tet (Lunar New Year)holiday.

Accordingto Nguyen Thi Cuc, Deputy Director of Phu Nhuan Jewellery Joint Stock Company,demand for gold products last week increased by 15-20 percent compared tonormal days.

SJCgold was sold at 36.87 million VND (1,600 USD) per tael on February 7 in Ho ChiMinh City market.

OnKitco, gold was traded at 1,328 USD.-VNA
VNA
#jewellery market #World Gold Council #jewellery demand #smart phones #State Bank of Vietnam #Lunar New Year #Ho Chi Minh City market #Vietnam #VietnamPlus #Viet Nam News

See more

The dialogue spotlights the enduring role of public-private partnerships in shaping and advancing Vietnam-US relations over the past three decades. (Photo: VNA)

𓄧 Dialogue talks role of public-private partnership in Vietnam-US relations

Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

ꦬ Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
Pharmaceutical production at a company in Vietnam. (Photo: VNA)

🤪 Vietnam’s pharma sector heats up with major M&A deals

PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
Ngoc Linh ginseng is found within a narrow ecological zone around the peak of Ngoc Linh Mountain. (Photo: VNA)

Quang Nam positioned as medicinal plant hub

The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

🦹 Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

﷽ OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|