Vietnam gov’t vows to tighten gold market as high prices linger
The Vietnamese government is taking action to tighten control over the local gold market as prices of the precious metal remain high despite the central bank’s resumption of auctions after an 11-year hiatus.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank eases conditions, sells 48% gold offered at sixth auction
Easier conditions helped Vietnam’s central bank sell 8,100 taels of gold Tuesday, 48.2% of the volume offered in the sixth auction since it resumed auctions last month after 11 years.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam gold prices plummet as authorities call for fight against speculation
Prices of gold bullion nosedived on Monday morning after the government asked relevant authorities to inspect and handle all potential violations in the gold market.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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
Vietnam central bank to auction 16,800 taels of gold after 11-year hiatus
The State Bank of Vietnam (SBV), the country’s central bank, will auction 16,800 taels of SJC-branded gold bars next week for the first time in 11 years to help bring prices down in a country where the metal is highly favored as a safe haven asset.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 central bank prepares to auction gold bars as buying fever rages
After a decade-plus hiatus, Vietnam’s central bank will auction SJC-branded gold bars in the coming days as it bids to narrow the gap between domestic and global prices.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Vietnam to increase gold bar supply, narrow global-domestic price difference
The State Bank of Vietnam (SBV) will increase gold bullion supply in order to reduce the disparity between domestic and world prices as locals have rushed to trade the metal in recent weeks.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank tightens rules on gold bullion production
The State Bank of Vietnam (SBV), the country’s central bank, has issued a decision to update a sister rule issued in 2012, in a move to tighten the production of gold bullion amid recent volatility in the local market.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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'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
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
Jewellery major SJC profit up 12% in 2022
Saigon Jewelry Company Limited (SJC), Vietnam's leading jewelry maker, reported an after-tax profit of VND48.6 billion ($2.07 million) in 2022, up 12% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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