Vietnam gold prices continue raging

Vietnam gold prices continue raging

Gold prices in Vietnam broke the psychological threshold of VND90 million ($3,537) a tael, a record high, on Friday morning, tracking a global surge.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gold bullion prices in Vietnam still head north, US dollar strengthens

Gold bullion prices in Vietnam still head north, US dollar strengthens

Prices of SJC-branded gold bars have been revised up continuously on Thursday, reaching a record high in the early afternoon, while the U.S. dollar gained against the Vietnamese dong.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gold bullion prices hit new high amid lukewarm response to auctions

Vietnam gold bullion prices hit new high amid lukewarm response to auctions

Gold biscuit prices jumped to an all-time high in Vietnam Tuesday, following global price movements, even as firms remained uninterested in central bank auctions of the previous metal.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jewelry major PNJ targets 6% after-tax profit growth

Jewelry major PNJ targets 6% after-tax profit growth

Vietnam’s Phu Nhuan Jewelry JSC has targeted VND2.09 trillion ($82.33 million) in after-tax profit this year, up 6% from 2023, setting a new record for the firm.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar hits new high versus Vietnam dong

US dollar hits new high versus Vietnam dong

The U.S. dollar has continued to strengthen against the Vietnamese dong, reaching a new high at commercial banks and causing another headache for the country’s central bank, which has been ordered to stem gold fever.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gold prices plunge after central bank’s increased supply announcement

Vietnam gold prices plunge after central bank’s increased supply announcement

Gold prices at major retailers in Vietnam plummeted Saturday morning after the country’s central bank stated that it will increase supply of the precious metal to cool the ongoing buying fever.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar prices hit new peak on Vietnam ‘black’ market

Dollar prices hit new peak on Vietnam ‘black’ market

Prices of the U.S. dollar on the free market reached an all-time high on Tuesday as demand for forex remains high amid rising gold prices and the country's strong import recovery.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gold prices in Vietnam set new peaks

Gold prices in Vietnam set new peaks

The price of SJC-branded gold bullions hit an all-time high of nearly VND81 million ($3,385) per tael Saturday, resulting in an expansion of VND2.2 million ($89.23) per tael this week.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank mulls more market-oriented gold management

Vietnam central bank mulls more market-oriented gold management

The State Bank of Vietnam (SBV), the country’s central bank, will propose the government replace a decade-old decree on gold trading with more market-oriented mechanisms to manage trade of the precious metal, SBV officials have hinted.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM asks central bank to stabilize domestic gold prices

Vietnam PM asks central bank to stabilize domestic gold prices

Vietnam's Prime Minister Pham Minh Chinh has requested the State Bank of Vietnam (SBV) to take solutions to regulate domestic gold prices in line with market rules, not letting them go too far from world prices.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gold prices in Vietnam shoot up to new highs

Gold prices in Vietnam shoot up to new highs

Prices of SJC-branded gold bullions in Vietnam have been increasing since early this week, reaching an all-time high of VND74.3 million ($3,057) for bids and VND75.3 million ($3,098) for asks per tael at Saigon Jewelry Co (SJC) on Thursday morning, up VND100,000 from a day earlier.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7