SBV to propose establishment of gold exchange at appropriate time

Monday, Nov 11, 2024

Governor Hồng said the establishment of a gold exchange has positive aspects such as transparency and more favourable conditions for buying and selling needs of people and businesses, however, it requires investment in infrastructure.

VN’s gold demand slumped as sharp price rises deterred fresh buying in Q3: report

Monday, Nov 04, 2024

The demand for jewellery in Việt Nam was at 2.6 tonnes, an year-on-year of 13 per cent, according to World Gold Council.

Domestic gold prices soar on back of global trend

Thursday, Oct 31, 2024

SJC gold bullion rose by VNĐ1 million per tael (US$39.56 per tael) from the previous session to VNĐ88 million for buyers and VNĐ90 million for sellers. 

Inspection report on gold trading activities being complied, SBV says

Monday, Oct 28, 2024

In May, SBV launched an inspection campaign focussing on law compliance of gold trading enterprises, part of efforts to narrow the gap between international and domestic gold prices.

State bank to inspect banks, gold trading enterprises

Wednesday, Oct 16, 2024

The inspection is part of the efforts to narrow the gap between international and domestic gold prices.

Transactions of gold on unofficial online market pose high risks

Sunday, Oct 06, 2024

A scarcity of SJC gold bars and gold rings in official trading channels is causing the demand for the asset on the unofficial online market to increase sharply, but industry insiders warn that purchases could result in high risks.

Central bank takes bold actions to stablise gold market

Monday, Sep 30, 2024

Amid complex fluctuations in the gold market, the State Bank of Việt Nam (SBV) has taken several measures to stabilise the domestic market.

Avoid borrowing to invest amid gold price frenzy: expert

Monday, Sep 30, 2024

The domestic gold market shone last week, with prices of gold rings continuously breaking records and even surpassing the buying price of SJC gold bars.

A $45 million animal feed plant inaugurated in Long An.

Thursday, Sep 26, 2024

The Philippines’ Aboitiz Foods on September 26 inaugurated a US$45 million animal feed plant at the Nhựt Chánh Industrial Park, Bến Lức district, the Mekong Delta province of Long An.

Gold prices likely won't peak, for a while

Friday, Sep 13, 2024

Gold prices may see some minor increases in the coming months but in the long run, the precious metal will likely lose its appeal, said industry experts and policymakers. 

First bank to stop selling gold via website, officially selling gold via app

Tuesday, Aug 27, 2024

Vietcombank announced that starting from 10 am on Tuesday, customers could buy gold via its digital banking application.

Global gold demand hits record highs, supporting rising prices in Q2

Wednesday, Jul 31, 2024

The country''s total demand for gold bars and coins was 26 tonnes in the first half of this year, the highest level since 2014, according to the report. 

City forms task force to enhance monitoring of gold bar transactions

Wednesday, Jul 31, 2024

HCM City authorities have established a task force aimed at enhancing the monitoring of gold bar transactions in the city to tackle speculation.

Stock market remains attractive to retail investors

Friday, Jul 26, 2024

Despite the remarkable surge in gold prices and the gradual increase in deposit interest rates, the stock market continues to stand out as an appealing investment channel.

Taxing gold buyers is a tax-on-tax, say experts

Tuesday, Jul 16, 2024

Taxing gold purchases so that people ''love'' gold less needs to be thought out, not just imposed arbitrarily, to avoid a tax on tax, say experts