Market news May 24

Notable news: Gold prices increase sharply again; Binh Thuan dragon fruit prices fall sharply at the beginning of the season; Vietnamese mangoes dominate the Chinese market...

*Gold price increases strongly again

Early on May 24, the world gold price closed the weekend at 3,358 USD/ounce, up 58 USD compared to the lowest level in the trading session last night (3,300 USD/ounce). In Vietnam, by the end of May 23, the SJC gold price was listed at 120.5 million VND/tael (selling), while the ring gold price reached 115.5 million VND/tael.

*Binh Thuan dragon fruit price drops sharply at the beginning of the season

Photo of NLĐ

Dragon fruit farmers in Binh Thuan province are selling their fruit for only 4,000 VND/kg. This is the off-season dragon fruit crop, so production costs are quite high. With the cost of lighting, fertilizers and pesticides for the off-season crop, the price must be 7,000 - 8,000 VND/kg for growers to recover their capital.

*Vietnamese mangoes dominate the Chinese market

Vietnam currently accounts for 97% of the market share of imported mangoes in China, far surpassing competitors such as Peru, Australia, Cambodia, the Philippines, and Thailand. Of which, Thailand - a major supplier to China - has now fallen to 5th place with a turnover of only 65,000 USD, down 70% compared to the same period last year.

*iPhone price reduction up to 3 million

A survey at Apple's authorized retail systems in Vietnam shows that many new iPhone models and previous versions have simultaneously reduced prices, with common reductions ranging from 2.5 to 3 million VND.

Notably, the iPhone 13 is priced at just over 11 million VND. Currently, the 128GB iPhone 13 at dealers ranges from 11.59-11.99 million VND, down about 2 million VND compared to last month. The iPhone 13 versions with higher capacity (256GB) have the lowest price of 14.99 million VND.

Source: https://baovinhlong.com.vn/kinh-te/ban-tin-thi-truong/202505/ban-tin-thi-truong-ngay-245-8fc2918/