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Financial Markets

Real estate firms struggle with huge debt

HCMC – The real estate sector is currently grappling with a significant bond debt, totaling nearly VND350.9 trillion as of March 2024, according to...

SBV tightens foreign exchange oversight

HCMC – The State Bank of Vietnam (SBV) branch in HCMC has told commercial banks and foreign bank branches to enhance oversight on foreign...

Strong demand drives up local gold prices – report

HCMC - Vietnam's increasing demand for gold is impacting market dynamics, resulting in record-high quarterly prices, according to the World Gold Council's Gold Demand...

Gold price spike continues

HCMC - Gold prices continued soaring this afternoon, May 6, reaching VND86.5 million per tael after a midday dip. In HCMC, the Saigon Jewelry Company...

SBV wants bank deposit incentives banned

HCMC – The State Bank of Vietnam (SBV), the central bank, has proposed prohibiting banks from offering depositors of Vietnamese dong those incentives contradicting regulations. The...

Gold auction cancelled over lack of bidders

HCMC - The State Bank of Vietnam (SBV) has cancelled today's gold auction of 16,800 taels due to the lack of bidders, marking the...

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