Gold prices slide but further growth expected

Gold prices slide but further growth expected

Gold prices declined on Tuesday after touching a four-month high, but the uptrend is unlikely to stop.
Gold prices may flutter to the end of the year

Gold prices may flutter to the end of the year

Gold prices right now are showing signs of decline, and experts warning the future forecast for the precious metal is unpredictable at best.
Trial opens in illegal gold trading case

Trial opens in illegal gold trading case

The Hanoi People’s Court opened the first hearing in an illegal gold trading case against International Gold Trading Joint Stock Company (IG JSC) on Monday.
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.
Government establishes monopoly over the trade of gold bars

Government establishes monopoly over the trade of gold bars

Prime Minister Nguyen Tan Dung has issued a decree to stipulate the Government’s monopoly in gold bar production and gold material import-export beginning from May 25.
Gold market to be knocked into shape

Gold market to be knocked into shape

Banking authorities are about to take drastic measures to put the local bullion market under control.
VAFI's golden proposal

VAFI's golden proposal

The Vietnam Association of Financial Investors (VAFI) wants the government to set a 10 per cent value added tax (VAT) on gold trading.
Gold businesses look to shine

Gold businesses look to shine

Account-based gold trading should be given the go-ahead through forming a national gold exchange to be governed by the State Bank or one industry leader, Vietnam Gold Business Association (VGBA) chairman Nguyen Thanh Long tells VIR.
Gold traders seek to stabilise market

Gold traders seek to stabilise market

The Vietnam Gold Traders Association (VGTA) has officially submitted to Prime Minister Nguyen Tan Dung a package of measures to stabilise the domestic gold market, including a proposal not to ban gold bullion trading and to allow account trading.
SBV halts lending against gold collateral

SBV halts lending against gold collateral

The State Bank of Vietnam has issued a new regulation forbidding commercial banks from lending cash against gold collateral, in a move aimed at easing pressure on the foreign exchange market, as well as lowering risks to the banking system.