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.
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.
SBV predicts SJC-branded gold bullion price to keep declining
June 05, 2024 | 15:07
The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.
Eleven bidders win May 23 gold auction
May 24, 2024 | 16:11
Eleven bidders bought 13,400 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 23.
SBV gold auction sells 7,900 taels
May 22, 2024 | 09:00
An SBV gold auction has sold 7,900 taels (70 lots) of SJC-brand gold bullion to nine different bidders.
Eight bidders win May 14 gold auction
May 14, 2024 | 16:54
Eight bidders bought a total of 8,100 taels of SJC-branded gold bullion out of the 16,800 that the State Bank of Vietnam (SBV) offered for sale at the auction held on May 14 morning.
Light touch called for on gold trade
May 14, 2024 | 11:37
New measures to enforce stricter compliance and non-cash transactions in gold trading aim to increase transparency and regulatory oversight, but also raise concerns about their feasibility and potential disruption to traditional practices.
Gold at historic peak, auctions receive lukewarm reception
May 06, 2024 | 09:22
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
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.
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).
How supply and demand support the fund market in Vietnam
April 10, 2024 | 15:36
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.
Dated policies on gold necessitate modernisation
April 09, 2024 | 09:23
Experts have called for regulatory changes to align Vietnam’s gold prices with global rates, suggesting authorised imports by businesses to reduce smuggling, stabilise the market, and increase foreign reserves.
Gold hits fresh record above $2,300
April 04, 2024 | 14:53
Gold broke above $2,300 for the first time Thursday as it continued to surge on the back of expectations that US interest rates will come down this year and high geopolitical tensions.
Gold hits record peak, oil rises on geopolitical tensions
April 03, 2024 | 14:43
Gold prices hit another historic peak Tuesday and oil extended gains over rising tensions in the Middle East, while stocks wilted as traders worried whether the rally has run its course.
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