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People queue to purchase gold on God of Wealth Day
Gold shops throughout Hanoi saw queues of people line up in front of them from early in the morning on February 3 in order to buy gold on the God of Wealth Day, which falls on the 10th day of the first lunar month.
Gold still brings profits to traders, but becoming less precious in Vietnam
VietNamNet Bridge - Trading gold, silver and gemstones can bring tens of billion of dong each day, analysts say, though the attractiveness of gold has decreased in recent years.
Vietnam’s forex reserves reach record-high
VietNamNet Bridge - Vietnam’s foreign exchange reserves by early 2016 had reached the record high of $38 billion, which does not include reserves in gold.
Former Agribank CEO arrested for ‘wrongdoings’
VietNamNet Bridge – Pham Thanh Tan, former CEO of Vietnam Bank for Agriculture and Rural Development (Agribank), the local largest state-owned bank has been arrested on vague charges of ‘wrongdoings’, an official has said.
BUSINESS IN BRIEF 8/12
Open bidding for Metro line 2 in first quarter 2013; Government to apply new minimum wage rates; Leading firms pessimistic about new year prospects; Car import stays low at festive time
