Banking and Finance
Businesses struggle to access city backed loans
Many businesses, particularly small-and medium-sized, have found it difficult to access bank loans through HCM City’s economic stimulus program, said many participants at a meeting between businesses and commercial banks held on April 9 in HCMC.
US$ exceeds VND18,000/US$1.00 threshold
As forecasted before, the VND/US$ exchange rate on the black market exceeded the VND18,000/US$1.00 threshold on the weekend of April 12.
Domestic gold price edges up
Domestic gold prices yesterday increased by VND10,000-20,000 per tael (a tael equals 1.2 troy ounce) against late last week to about VND19.60 million (US$1,103), as gold inched up to $882.45 per ounce on the global market.
Halt called on new gold trading floors
The State Bank of Viet Nam has ordered commercial banks not to open gold trading floors until the central bank issues regulations governing their establishment, a State Bank official told Viet Nam News by telephone yesterday.
Gold trade quiet on stable price
Gold trading activity recently has been quiet with little swaying in prices, just around VND19.4 million per tael on buying and VND19.6 million per tael on selling.