gold market

Eleven bidders win latest gold auction

May 17, 2024 | 09:51

Eleven bidders bought a total of 12,300 out of the 16,800 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) offered for sale at an auction held on May 16.

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.

Leaders up efforts to control domestic gold prices

May 10, 2024 | 19:22

The current method of gold bar auctions may not be the optimal direction to effectively control domestic prices, experts have warned.

Cautious state remains after gold auction

May 04, 2024 | 22:14

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.

Gold market reforms paramount to stability

April 22, 2024 | 10:18

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.

PM demands strengthened gold market management

April 12, 2024 | 17:11

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

April 12, 2024 | 16:10

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

Gold hits fresh record above $2,200 on rate cut hopes

March 22, 2024 | 09:35

Gold rallied to a fresh record above $2,200 on Thursday as traders welcomed a Federal Reserve signal that it would cut interest rates three times this year.

Global practices must be considered for gold market

March 12, 2024 | 08:00

Shaokai Fan, regional director for Asia-Pacific (excluding China), and head of Central Banks at the World Gold Council, talked to VIR’s Celine Luu about the bullish gold market trajectory.

Central bank ponders fresh policy for gold

January 09, 2024 | 12:54

The State Bank of Vietnam is set to update regulations in response to market changes and global uncertainties affecting gold demand and prices.

PM orders prompt measures to stabilise domestic gold market

December 28, 2023 | 16:43

Prime Minister Pham Minh Chinh has signed to issue an official dispatch asking for measures to strengthen the management of the domestic gold market.

Vietnamese gold demand shrinks in Q2

August 04, 2023 | 10:00

Demand for gold in Vietnam shrank 9 per cent in the second quarter this year compared to the same period last year, according to the World Gold Council’s latest report.