Tightened status necessary for controlling gold market
July 16, 2024 | 11:45
Experts are calling for stricter regulations and enhanced transparency to combat money laundering and market manipulation in Vietnam’s gold market.
Gold monopoly could pose long-term currency risk
July 03, 2024 | 18:00
The government has implemented a policy granting banks an exclusive monopoly on gold sales to control prices and stabilise the domestic market, but the policy may harbour risks in foreign currency outflows.
Buyers no longer line up for gold purchases at banks
June 17, 2024 | 16:35
Long queues of gold buyers were no longer seen in front of designated sites of four State-owned commercial banks on June 17 morning.
Central bank targets ongoing price control of gold market
June 13, 2024 | 10:07
Unprecedented measures are being taken to ensure effective management of the domestic gold market and narrow the gap with the global market.
Big4 banks, SJC sell gold bars directly to customers
June 03, 2024 | 15:19
The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.
Government urged to narrow domestic, global gold price gap
May 13, 2024 | 17:47
Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man on May 13 voiced concern over skyrocketing gold prices, asking the Government to quickly review market management measures to narrow the wide gap between domestic and global prices.
Vietnam central bank postpones gold bar auction
April 22, 2024 | 15:27
The State Bank of Vietnam announced that it has postponed its first gold auction in 11 years, set for April 22, due to a lack of participants.
Domestic gold price sees unexpected rise
March 30, 2013 | 09:15
Results from the first official gold auction held recently by the State Bank of Viet Nam were unexpected, with the domestic gold price going up as the global gold price fell.
Domestic gold soars past global prices
February 27, 2013 | 10:44
The gap between global and domestic gold prices reached a record VND5.5 million ($264) per tael last week, prompting measures to resolve the situation in order to protect the macro-economy.
Market is good as gold
December 27, 2012 | 10:35
Stricter gold business management regulations in Decree 24 have created diverse sentiments among businesses.
State Bank struggles to stabilize bullion market
September 06, 2012 | 16:25
Although Saigon Jewelry Company (SJC) officially handed over exclusive rights to manage brand-name and production quota of SJC gold to the State Bank of Vietnam (SBV), it seems this is not enough to stabilize the domestic gold market as the gap between domestic and global gold price is widening from VND2.4 million in late August to the current level of VND3 million per tael.
SJC reprocesses 45,000 taels of gold
August 29, 2012 | 09:02
Saigon Jewelry Holding Co. (SJC) finished reprocessing over 45,000 taels of deformed gold bars on Monday, replenishing gold supply in the market, said a senior executive from SJC.
A gold move for market
August 20, 2012 | 15:03
Local bullion market will soon be knocked into shape following a policy move.
All that glitters is not gold
July 13, 2012 | 10:36
A smart gold conversion plan is important to put bullion market into order.
Gov’t selects SJC brand for gold bullion
July 05, 2012 | 15:51
Le Minh Hung, deputy governor of State Bank of Vietnam, yesterday replied to questions at a press conference regarding concerns as to which gold brand will be selected as a state brand, with many consumers still holding gold bullion of different brand names.
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