'Removing' conditions for selling gold jewelry, rice prices plummet

- Proposal to remove gold jewelry from the conditional business category

This is the contribution of the Vietnam Confederation of Commerce and Industry (VCCI) to the draft Report on the review of regulations on business conditions of the Ministry of Planning and Investment. According to VCCI, the gold jewelry business does not affect public interests like other types of gold in the same "gold business" group (according to Nguoi Lao Dong).

- Inauguration of the first semiconductor manufacturing project in the North

On the morning of September 16, Deputy Prime Minister Tran Luu Quang attended the inauguration ceremony of Hana Micron Vina Company in Van Trung Industrial Park, Bac Giang Province. This is the first semiconductor manufacturing project in the North (according to the Government Newspaper).

- Spent 20 billion to buy a mini apartment for business, hurriedly 'ran away' due to fear of fire and explosion

Worried about fire management, some people bought a whole 'mini apartment' building for rental business and "ran away" after only half a year of operation. But for those who rent or buy to live, many still choose it because the price is affordable. (See more)

- Da Nang approves 44 apartments for rent to the poor

The Vice Chairman of the People's Committee of Da Nang City has just signed a document on the plan to review and arrange for renting state-owned social housing apartments for poor households in especially difficult circumstances. The tenants are poor households whose names are on the list of poor households recognized locally. The number of apartments arranged for rent this time is 44. (See more)

- PG Bank has a new general director, a former leader of Vietcombank

On September 14, Petrolimex Joint Stock Commercial Bank (PG Bank) announced the appointment of Mr. Pham Manh Thang as General Director, effective from September 15. Mr. Pham Manh Thang was born in 1962, former Deputy General Director of Vietcombank, who retired from May 1 (according to Nhip Song Thi Truong).

- Securities company 'mistakenly' placed sell order as buy order

The State Securities Commission has just fined two securities companies. Mirae Asset Securities JSC (Vietnam) was fined more than VND110 million for violating regulations on receiving and executing customers' trading orders incorrectly. DNSE Company was fined VND125 million for allowing four accounts to place orders to buy securities when there was not enough money in the securities trading account (according to Tien Phong).

- Profits of Mr. Nguyen Tu Quang's anti-virus company plummeted.

Bkav Antivirus Software Joint Stock Company (Bkav Pro) has just announced that its financial indicators for the first half of this year continue to be poor. Profit after tax plummeted 74% compared to the same period last year, to just over 4.4 billion VND. (See more)

- Demand for fire extinguishers and masks skyrockets, market management prevents "price gouging"

Deputy Director General of the General Department of Market Management (GDM) Nguyen Thanh Binh has just signed an official dispatch to the Market Management Departments of provinces and cities on strengthening inspection and handling of violations in the trading of fire prevention and fighting equipment on the market. Accordingly, the market management force across the country will strengthen inspection and handling of hoarding and price increase of fire prevention and fighting equipment such as: fire extinguishers, smoke masks, fire escape ladders... (according to Nguoi Lao Dong).

- Vietnamese coffee 'sold out' for export despite record high prices

In the first 8 months of 2023, Vietnam's coffee exports reached 1.2 million tons, worth 2.96 billion USD, down 5.4% in volume but up 3.1% in value over the same period last year. In August 2023, Vietnam's average coffee export price reached a record high of 3,054 USD/ton, up 8% over the previous month and up sharply by 29.7% over August 2022. Enterprises said that the coffee industry has never been in a situation where there is no more goods to sell like it is now. (See more)

- The reason why Vietnam's rice export price suddenly left the peak

According to the Vietnam Food Association (VFA), the export price of rice at the end of this week's trading session was 613 USD/ton for 5% broken rice and 598 USD/ton for 25% broken rice, both down 30 USD/ton compared to the peak price set on August 31 but still about 100 USD/ton higher than 2 months ago. The main reason for the sharp decline in export rice prices is due to reduced demand (according to Nguoi Lao Dong).

- Hand-carried iPhone 15 is only about 10 million VND higher than the original price

Like previous new iPhone launches, "the bitten apple" has discontinued many iPhone 12, 13, 14 models to make way for the iPhone 15. The price of the hand-carried iPhone 15 Pro Max 256 GB is only 45 million VND, while the original price is 34.9 million VND, a difference of about 10 million VND (according to Nguoi Lao Dong).

Gold prices today on the world market decreased slightly in the context of economic data from China positively affecting the precious metal. Meanwhile, the price of SJC gold bars increased sharply, up to 250,000 VND/tael in both buying and selling directions.

Oil prices on the world market today have leveled off after rising to a 10-month high. Oil prices cooled down as investors became more cautious. Brent crude oil ended the week at $93.93/barrel, while WTI crude oil was at $90.77/barrel.

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