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.
Adjustments holding promise for gold
May 20, 2024 | 11:16
Vietnamese authorities are bolstering oversight of the gold market, implementing stringent controls to stabilise prices and prevent illegal trading.
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.
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