The Ministry of Finance (MoF) yesterday allowed petrol distributors to increase fuel prices to a maximum of VND307 per litre. SEE MORE Gold traded below a 15-week high as
a technical gauge signaled a reversal after three weeks of
increases, while emerging-market turmoil and U.S. economic data
that trailed estimates increased haven demand. SEE MORE Vietnam ranks seventh in the world in terms of gold consumption, according to the World Gold Council (WGC). SEE MORE China has been primarily responsible
for driving global growth since the Crisis began in 2008. Auto sales, for example, would have seen negative
growth world-wide without China. And auto manufacturing is the world’s
largest manufacturing industry. The chemical industry has been in a
similar position. Whilst China is also now responsible for nearly 50% of global metal demand. SEE MORE South Korea, Malaysia, Taiwan, Indonesia, Thailand and the Philippines had combined foreign-exchange reserves of $1.2
trillion last month, more than five times the $233 billion
figure at the end of 1998, official data show. China’s foreign-currency holdings reached a record $3.8 trillion in December,
the world’s largest, from $145 billion 15 years earlier. SEE MORE