Tag: gold

The policy expected to help Vietnamese enterprises lower production costs and enhance global competitiveness.

Gold price in Vietnam was $188.6 a tael higher than world price.

At a livestreamed seminar hosted by Vneconomy / Vietnam Economic Times on July 8, local analysts share their insights with about Vietnam’s gold market and fundamental and long-term solutions for its effective management.

The campaign has been launched by Vietnam Customs.

Gold aution aimed at stabilizing the market.

Hanoi Cracks Down on Gold Market Manipulation

The State Bank of Vietnam's auction sees subdued participation amid volatile global gold prices.

The State Bank of Vietnam has made south going moves in its gold auction strategy to gain more traction with buyers.

The State Bank of Vietnam will auction 16,800 taels (approximately $664,000 USD) of SJC gold bars, with a reference price of $3,233 USD per tael.

The State Bank of Vietnam aims to quell dramatic price surges and narrow the gap between domestic and international gold prices, addressing concerns about market stability and potential manipulation.

Transactions for and the price of gold have virtually “frozen” in Vietnam since the beginning of July. The recent upturn in the USD exchange rate has put downward pressure on the precious metal, though it is still supported by accommodative monetary policy from the central bank and the need for hedging during the pandemic.