state bank announces 4th gold bar auction to stabilise prices

State Bank announces 4th gold bar auction to stabilise prices

The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.
gold at historic peak auctions receive lukewarm reception

Gold at historic peak, auctions receive lukewarm reception

Gold prices reached a historic peak last week after consecutive auction sessions held by the State Bank of Vietnam (SBV) were met with lukewarm enthusiasm.
cautious state remains after gold auction

Cautious state remains after gold auction

Despite high market interest, Vietnam’s inaugural gold auction left 13,400 taels unsold, with restrictive conditions and regulatory uncertainties dampening enthusiasm and complicating efforts to align domestic prices with global rates.
real estate golden triangle heats up

Real estate 'golden triangle' heats up

The 'real-estate fever' in the 'golden triangle' of Ho Chi Minh City-Binh Duong-Dong Nai has been attributed to Ho Chi Minh City's price pressures and the building of key transportation infrastructure developments, with many new projects that connect the southeast economic region with other areas implemented since the start of the year.
vietnam should explore tax on gold investments amid auction strategy expert

Vietnam should explore tax on gold investments amid auction strategy: expert

This week, the State Bank of Vietnam (SBV) orchestrated a gold bar auction to stabilise the gold market. Prof. Tran Tho Dat, an economic advisor to the prime minister, mentioned that in addition to the auctions, allowing gold imports and imposing taxes on gold investment activities were necessary measures.
vietnam central bank postpones gold bar auction

Vietnam central bank postpones gold bar auction

The State Bank of Vietnam was to auction 16,800 taels of gold bars, branded by Saigon Jewelery Company (SJC), on the morning of April 22. However, an hour before the bid opening time, the central bank announced it was postponing the auction as there were not enough members to participate in the bidding and transfer deposits.
gold market reforms paramount to stability

Gold market reforms paramount to stability

Investigations of gold trading firms are to take place on possible market manipulation amid soaring domestic prices, at the same time as the central bank announced it would resume sales of gold bullion for the first time in over a decade.
vietnamese canoeist wins gold medal at asian championships

Vietnamese canoeist wins gold medal at Asian championships

Vietnamese canoeist Diep Thi Huong won a gold medal in the women’s 500m category at the Asian Canoe Sprint Championships 2024, the Vietnam Canoeing, Rowing and Sailing Federation said on April 19.
central bank to resume gold bar bidding after 11 years

Central bank to resume gold bar bidding after 11 years

The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
sbv to increase gold bar supply to stabilise domestic market

SBV to increase gold bar supply to stabilise domestic market

The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.
pm demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
amendments to gold regulations on agenda

Amendments to gold regulations on agenda

Vietnamese authorities have identified issues and will close regulatory loopholes to stabilise the gold market, according to Malayan Banking Berhad (Maybank).
adb highlights geopolitical tensions in gold market

ADB highlights geopolitical tensions in gold market

During a press briefing in Hanoi on April 11, Nguyen Ba Hung, chief economist at the Asian Development Bank (ADB) office in Vietnam, addressed fluctuating trends in the global gold market.
how supply and demand support the fund market in vietnam

How supply and demand support the fund market in Vietnam

In the current environment marked by record-low interest rates, unpredictable fluctuations in gold prices, and numerous uncertainties in the stock market, many individual investors are turning to fund certificates as a viable and sustainable investment option. Dr. Na Sung Soo, CEO of Vina Securities, delves into the situation in Vietnam.
vietnamese swimmers win golds set new records at thai championships

Vietnamese swimmers win golds, set new records at Thai championships

Vietnamese swimmers won two gold medals and set two records at the ongoing Thailand Age Group Swimming Championships 2024 in Bangkok.