Gas prices maintain upward momentum, despite fluctuations; Gold prices continue to be flat

Gold prices continue to be flat

At the time of survey at 5:00 a.m. on November 14, 2023, the gold price on the trading floors of some companies was as follows:

Today's 9999 gold price is listed by DOJI at 69.40 million VND/tael for buying and 70.30 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 69.55 - 70.15 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 69.55 - 70.28 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 69.55 - 70.48 million VND/tael (buy - sell).

Gas pricemaintain momentum

Opening the morning trading session on November 14, 2023, gas prices in the world market increased by 0.31% to 3.24 USD/mmBTU for natural gas contracts for delivery in December 2023.

One reason is growing demand for liquefied natural gas in leading importing regions in Asia and Europe. US liquefied natural gas imports into Europe are expected to reach 5.45 million tonnes in November, up from 3.98 million tonnes in October and the highest since April.

In the domestic market, from November 1, 2023, the retail price of Petrolimex gas cylinders (including VAT) in the Hanoi market is 438,300 VND/12kg household cylinder; 1,753,000 VND/48kg industrial cylinder, respectively increasing by 4,020 VND/12kg cylinder and 15,880 VND/48kg cylinder (including VAT).

The reason for the increase in domestic retail gas prices in November 2023 is that the average world gas price contract in November was at 615 USD/ton, an increase of 7.5 USD/ton compared to October; fluctuations in the USD/VND exchange rate also caused the price of imported gas to Vietnam to increase.

Thus, since the beginning of the year, domestic gas prices have decreased 5 times (in January, March, April, June and July); increased 6 times (in February, May, August, September, October and November). Accordingly, this is the fourth consecutive month of price increase for this item.

Japanese Yen Exchange RateContrasting

Japanese Yen exchange rate surveyed on the morning of November 14, 2023 at banks, specifically as follows:

At Vietcombank, the buying rate is 155.99 VND/JPY and the selling rate is 165.12 VND/JPY, down 0.63 VND for buying and 0.67 VND for selling. At Vietinbank, the Yen rate decreased 0.53 VND for buying and selling, equivalent to 156.38 VND/JPY and 166.08 VND/JPY. At BIDV, the Japanese Yen rate decreased 0.6 VND for buying and 0.61 VND for selling, reaching 156.77 VND/JPY and 165.02 VND/JPY, respectively. At Agribank, the buying and selling rates are 157.86 VND/JPY and 162.63 VND/JPY, down 0.81 VND for buying and 0.84 VND for selling, respectively.

At Eximbank, the buying rate decreased by 0.46 VND and the selling rate decreased by 0.68 VND, respectively, to 158.25 VND/JPY and 162.66 VND/JPY. At Techcombank, the Japanese Yen exchange rate decreased by 0.92 VND and the selling rate decreased by 2.21 VND, respectively, to 154.01 VND/JPY and 164.97 VND/JPY.

At Sacombank, the Japanese Yen exchange rate decreased by 0.62 VND in buying and decreased by 0.66 VND in selling, corresponding to the prices of 158.07 VND/JPY and 164.61 VND/JPY.

According to the survey, Eximbank is the bank with the highest buying rate of Japanese Yen and Eximbank is the bank with the lowest selling rate among the banks.

USD price in Vietnam increases sharply, world USD continues to cool down

Today, the USD exchange rate increased sharply by 70 VND in both buying and selling directions. The world USD continued to cool down.

The central VND/USD exchange rate announced by the State Bank today is adjusted to 24,015 VND/USD, up 1 VND compared to the closing price of yesterday's trading session.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,165 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,165 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments. Specifically, Vietcombank has a buying price of 24,170 and a selling price of 24,540, an increase of 70 VND compared to the closing price of yesterday's trading session. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.