MARKET NEWS FOR MAY 23

◆ Gold prices drop sharply due to rising U.S. bond yields
Global gold prices fall to around $4,500 per ounce as U.S. Treasury yields reach their highest in nearly 19 years, putting pressure on gold prices.
◆ Chairman and leaders of PECC1 are prosecuted
The Chairman of the Board and leaders of PECC1 are prosecuted, following the case at PECC2, as part of the anti-corruption campaign in state-owned enterprises.
◆ Gasoline prices rise slightly, RON95 gasoline remains low
E5 RON92 gasoline exceeds 24,000 VND per liter, diesel rises above 28,760 VND per liter, while RON95 gasoline remains at a low level.
◆ State Bank of Vietnam inspects interest rate reductions
The State Bank of Vietnam requests an inspection of the reduction in deposit interest rates after some commercial banks increased rates again.
◆ Vingroup proposes building a 'Silicon Valley' in Hanoi
Vingroup proposes investing in a 6,000-hectare high-tech center in Hanoi to promote innovation and high-tech development.
◆ Dien May Xanh prepares for IPO with a valuation of $4 billion
Dien May Xanh is preparing for an IPO, expected to raise over 14,300 billion VND, with a company valuation of $4 billion.
◆ PV GAS plans to spend 100,000 billion VND on the gas race
PV GAS plans to invest 60,000-100,000 billion VND by 2030 to expand infrastructure, increase LNG imports, and add new supply sources.