VietNamNet Bridge – Commercial banks have quietly reduced the deposit interest rates because of the low demand for loans. Investors have been in a divided mind as to where to pour money to since all the investment channels remain unattractive.
Oil prices were mixed in Asian trade today as data showing Chinese manufacturing picking up strongly in March was offset by profit taking, analysts said.
Among the goods and services sold in Vietnam, petrol prices remain the most transparent, said Vietnam National Petroleum Group (Petrolimex) Chairman, Bui Ngoc Bao.
Oil prices rose in Asian trade today, cheered by another record close for equities on the Dow Jones index that indicate confidence in the US economy, analysts said.
Gold traded near the highest level in almost two weeks on prospects for additional stimulus from central banks in Europe and Japan and signs of increased physical demand in Asia.