Vietnamese Gov’t warns against goldization
In the first quarter, Vietnam saw a 12% increase in demand for gold investments and a 6% rise in consumer demand compared to the same period in 2023.
14:20, 2024/05/30
State-owned banks to sell gold at stabilized prices
The move is aimed at stabilizing the gold market.
13:09, 2024/05/28
Central bank stops gold auction
As a long-term solution, experts urged the State Bank of Vietnam (SBV) to consider revising Decree 24 on gold market management and ending the monopoly on SJC gold bars.
14:08, 2024/05/20
PM orders conclusion of gold market inspection in May
The Prime Minister emphasized the need to regulate the gold market to ensure stability, efficiency, and transparency and to prevent gold hoarding from affecting macroeconomic stability and national financial security.
15:58, 2024/05/17
PM orders to suspend gold stores failing to comply with e-invoicing rules
Electronic invoicing of gold transactions is critical due to the often small-scale, undocumented, and opaque nature of these deals.
20:19, 2024/05/16
Deputy PM orders gold market inspected this week
Any infringements found during the inspection would be immediately referred to the police for action, the DPM insisted.
17:38, 2024/05/14
Vietnam c.bank eases gold auction conditions
The minimum bid amount will be reduced from 700 to 500 taels to attract more bidders.
12:42, 2024/05/11
Vietnamese Gov’t expected to tighten gold transactions
With domestic gold prices soaring, the spread over international prices has also widened to around VND18.5 million (US$727) per tael.
14:55, 2024/05/09
Vietnam news in brief - May 9
Read the Hanoi Times for more updates about Vietnam.
21:54, 2024/04/23
3,400 taels of gold purchased at the first-in-11-year auction
Gold trading firm SJC and lender ACB are the two successful bidders at the auction held today.