Feb 16, 2012 (Vietnamica) — On Feb 10, State Bank of Vietnam and Asian Development Bank – a regional multi-donor funded lender – signed a credit agreement, following which Vietnam would receive $1,121 million loans for expanding the national grid.
February 16, 2012 (Vietnamica) — Spot market gold prices rose to $1732 per ounce Wednesday lunchtime in London, slightly above where they started the week, as European stock markets dipped amid ongoing uncertainty over Greece’s second bailout. Silver prices tested $34 per ounce – 1% above last Friday’s close.
February 14, 2012 (Vietnamica) — The Vietnam Plastics Association has announced that the nation’s 2012 plastics exports are expected to grow 25 percent to 28 percent from last year, reaching an export revenue of US$1.7 billion (Plastics News, Feb. 13).
January 31, 2012 (Vietnamica) — The German government proposed last week that a European commissioner be appointed to supplant the Greek government. While phrasing the German proposal this way might seem extreme, it is not unreasonable. Under the German proposal, this commissioner would hold power over the Greek national budget and taxation. Since the European Central Bank already controls the Greek currency, the euro, this would effectively transfer control of the Greek government to the European Union, since whoever controls a country’s government expenditures, tax rates and monetary policy effectively controls that country. The German proposal therefore would suspend...
January 30, 2012 (Vietnamica) — The spot market price of buying gold climbed to $1728 an ounce Monday morning London time – a slight drop from last week’s close – while stock markets, commodities and the Euro all fell and government bond prices rose as European leaders met for their latest summit in Brussels. The cost of buying silver fell to $33.08 at one point – a 2.6% drop from where it ended last week.
January 25, 2012 (Vietnamica) –Eurozone finance ministers rejected an offer by the Greek government’s private bondholders (Telegraph) over a write down on Greek debt–part of a second EU bailout agreed on last year–because the interest rates on new bonds would allegedly be too high.
