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.
Local demand for gold bars and coins ped by 5 per cent year-on-year from 9.6 tonnes in the second quarter last year to 9.1 tonnes in the same period this year.
Demand for gold in Viet Nam fell by 12 per cent year-on-year in the first quarter to 17.2 tonnes, according to the latest Gold Demand Trends report from the World Gold Council.
The Vietnamese recovery had been particularly robust with healthy GDP growth, incomes boosted by reversed salary cuts and companies returning to full employment, all of which boosted demand for gold.
Gold demand is expected to surge on the God of Wealth Day on the 10th day of the Lunar New Year, which falls this year on February 21, as Vietnamese believe that would bring good luck and prosperity through the...
Viet Nam ranked sixth among the world''s largest gold consuming countries in 2012, according to PricewaterhouseCoopers LLP''s latest research for the World Gold Council.