Eleven bidders win latest gold auction

Eleven bidders win latest gold auction

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

Government urged to narrow domestic, global gold price gap

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

Leaders up efforts to control domestic gold prices

​​​​​​​The current method of gold bar auctions may not be the optimal direction to effectively control domestic prices, experts have warned.
Vietnam should explore tax on gold investments amid auction strategy: expert

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

Imposing taxes on gold investment could bring many benefits, according to a government economic advisor.
Gold price decreases on God of Wealth Day

Gold price decreases on God of Wealth Day

Domestic gold price decreased by 150,000 VND (6.1 USD) per tael (37.5 grams) at the beginning of trading on February 19 - God of Wealth Day (the tenth day of the first lunar month) compared to the price at the end of February 18, with many fluctuations expected on the market during the day.
Gold price surge here for long haul

Gold price surge here for long haul

Global and domestic gold prices zoomed to a record level amid a weakening dollar and market turbulences pushed by the COVID-19 pandemic.
Reference exchange rate down despite gold price soaring

Reference exchange rate down despite gold price soaring

The State Bank of Vietnam set the daily reference exchange rate at 23,200 VND per USD on August 7, down 3 VND from the previous day.
Gold sees strongest price increase in three months

Gold sees strongest price increase in three months

The domestic gold price saw its strongest growth in three months last week after beating the milestone of VND42 million (US$1,817.40) per tael.
Gold on the rise again

Gold on the rise again

Gold opened the October 4 session with a jump in both global and domestic prices, with the domestic prices increasing by VND700,000 ($30.43) per ounce.
Local gold price hits seven-year peak amid trade tensions

Local gold price hits seven-year peak amid trade tensions

Gold is showing its mettle as a safe haven asset as bullion prices continued to hit new peaks on both domestic and global markets.
Gold anticipated to keep climbing in 2019

Gold anticipated to keep climbing in 2019

Global uncertainties, the weakening US dollar, and the growing trade tension between the US and China are anticipated to drive the gold forward in 2019.
Volatility, year-end demand drive gold prices up

Volatility, year-end demand drive gold prices up

A volatile global market plus higher year-end demand has pushed gold prices in Vietnam up over the last six weeks with more hikes expected.
Domestic gold price sees unexpected rise

Domestic gold price sees unexpected rise

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

Domestic gold soars past global prices

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.
SBV inconsistent in gold policy

SBV inconsistent in gold policy

The State Bank of Vietnam (SBV) sometimes said it would make local gold prices closer to the world’s prices, sometimes said it would not, and lately has announced it will join the gold market to bridge the price gap. Such inconsistency has put local consumers on tenterhooks, according to experts.
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