Gold shops deserted; series of financial policies take effect

24h Economy: Gold shops are deserted; A series of financial policies take effect — Graphics: Khuong Duy

Efforts to energize 42 southern power projects in 2023

Faced with difficulties in site clearance, Southern Power Corporation is making efforts to implement solutions to complete power projects on schedule.

Recently, a series of power projects implemented by Vietnam Electricity Group in the Southern region have contributed to ensuring electricity for daily life, production and business, serving socio-economic development in localities.

Specifically, after more than 3 years of construction, in October 2022, the 220kV Kien Binh - Phu Quoc sea-crossing line project was officially put into operation. With a length of nearly 85km, this is the first 220kV sea-crossing line invested in and built in Vietnam with 170 towers on sea and land. In the same month, the 110kV Nam Phu Quoc transformer station (1x63MVA) with a total investment of 65.9 billion VND was also completed and put into operation.

The 220kV Kien Binh - Phu Quoc transmission line project will be completed and put into operation in October 2022. Photo: EVNSPC

Mr. Huynh Quang Hung - Chairman of Phu Quoc City People's Committee, Kien Giang Province - commented: "It can be said that this is the strategy as well as the development of the Vietnamese electricity industry in general and the Southern Power Corporation in particular when developing electricity projects to supply Phu Quoc. By 2030, even 2040, the projects will be enough to meet the demand for electricity supply, especially for tourism and services". See more...

Many financial and banking policies take effect from December 2023

In December 2023, many new policies on banking and finance will take effect that are directly related to individuals and businesses, such as: Transactions of 400 million VND or more must be reported to the State Bank, New regulations on capital contributions at joint venture banks...

Gold prices are jumping, gold shops are "as deserted as a temple"

Gold prices have been "dancing" continuously in recent sessions. The gap between buying and selling gold in the country is too high, causing investors to face the risk of losses. Many gold shops in Hanoi are deserted.

The image shows a gold shop on Nguyen Van Cu Street (Long Bien - Hanoi). Photo: Phu Den

According to Lao Dong reporters on the afternoon of November 30, 2023, many gold and silver shops in Hanoi had very few customers trading. Right at the "gold street" Tran Nhan Tong, the number of customers trading was quite sparse.

Coming to sell gold at a store on this street, Mr. Luu Trung Son (Hai Ba Trung - Hanoi) said: "Because I needed money, I came to sell gold. Actually, if I sold it 1-2 days ago, the price would be higher, but I thought the price would not increase any more, so I sold it right away. Today, there are not many customers coming here. I bought gold when the price of gold rings was 47.25 million VND/tael. Now I can sell it for 61.3 million VND/tael". See more...

Pork prices have fallen sharply and show no signs of increasing again.

Pig prices have not yet escaped the downward trend, currently trading around 48,000 - 52,000 VND/kg. In supermarkets and traditional markets, pork prices are also on a downward trend.

Many supermarkets are launching promotions to attract customers. At BigC Long Bien (Hanoi), many types of meat are discounted up to 10% from Monday to Friday. The price of frozen meat is only at 35,000 - 65,000 VND/kg.

Many supermarkets are offering pork promotions to attract customers. Image taken at BigC Thang Long supermarket at 3:00 p.m. on November 30, 2023. Photo: Phan Anh

Of which, frozen pig trotters cost 42,000 VND/kg; frozen cut pig trotters cost 42,000 VND/kg; imported frozen pig trotters cost 65,000 VND/kg...

BaF Meat vegetarian pork also has many promotions. BAF fresh pork belly is reduced from 173,000 VND/kg to 156,000 VND/kg; BAF fresh pork thigh is reduced from 116,000 VND/kg to 99,000 VND/kg; BAF pork butt is reduced from 90,000 VND/kg to 86,000 VND/kg; BAF fresh pork spare ribs are reduced from 223,000 VND/kg to 211,000 VND/kg; BAF fresh pork thigh is reduced from 116,000 VND/kg to 99,000 VND/kg; BAF fresh pork shoulder is reduced from 114,000 VND/kg to 108,000 VND/kg... See more...

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