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Tiếng Việt

Updated: 14:26 Friday, 18/05

May 18: Vietnam Stocks Post Biggest Weekly Loss YTD on Massive Sell-offs

Vietnamese stocks ended the week with a big losses, extending the weekly fall to the biggest level year-to-date as investors offloaded shares to minimize risks fearing the correction will last long.

May 19: Vietnam Gold Inches up to VND42.12Mln/Tael

Vietnam gold rose by VND370,000 a tael to VND42.12 million/tael on Saturday morning, following the world gold prices.

May 19: Vietnam Central Bank Keeps Dollar Exchange At VND20,828

Vietnam's central bank quoted the U.S dollar exchange rate at VND20.828 on Saturday, unchanged for nearly 5 months, the longest string since it has been applied but also the highest one.

Gold Settles Near $1592 as Euro Recovers

Gold prices rose on Friday, building on the previous session's hefty gains, as a recovery in the euro prompted fresh buying of the precious metal after prices slid to five-month lows earlier this week.

Trade and Economy

May 19: Vietnam Gold Inches up to VND42.12Mln/Tael

Vietnam gold rose by VND370,000 a tael to VND42.12 million/tael on Saturday morning, following the world gold prices.

Market Analysis

May 18: StoxPlus Morning Brief

Vietnam’s gross domestic product (GDP) growth is forecast at 5.9% and inflation around 10% this year, Fitch Ratings said in its recent press release, the local news provider Gafin.vn reported.

Financials

DongA Bank Earns VND500Bln Pretax Profit in 4M/2012

DongA Joint Stock Commercial Bank (DongA Bank) said it generated a pretax profit of VND500 billion in the first four months of this year, compared to its full-year target of VND1.5 trillion, the local online newspaper Dau Tu Chung Khoan reported.

Companies

CMS: Deputy General Director Sister to Sell all 3,000 Shares

Duong Thi Ngoc, sister of Duong Ngoc Truong, Deputy General Director of Cavico Constrution Manpower and Services JSC (CMS) has registered to sell her all 3,000 shares from May 21 to July 13.

Real Estate

Challenge Helps Property Market Become More Mature

It is genrally agreed that with every challenge comes an opportunity, and the common saying is being used to talk about the local property market that has slid into difficulties since 2008.

Global Markets

World Media on Vietnam

Asia Ends Down as Euro Zone Troubles Deepen

Asian shares ended lower on Friday as concerns about the global economic outlook grew due to an escalating banking crisis in Spain and political uncertainty in Greece that has fueled concerns of a euro zone break-up.

Vietnam: Low fish Prices But High Fish Feed Costs Push Fish Farmers Out

In Vietnam the price farmers are getting for their fish has been falling, if they can sell it at all, while the fish feed prices remain high. Causing concern for local fish farmers.