28.9 C
Ho Chi Minh City
Friday, July 4, 2025

CATEGORY

Magazine

Two conflicting goals

If the gold market is transparent, supply would fall. Meanwhile, to stabilize the volatile gold market, more supply is needed. Therefore, if the priority is market stability, the issue of transparency should be addressed later. Associate Professor Dr. Nguyen Huu Huan at the University of Economics HCMC makes this point in an interview with The Saigon Times. Stability first or transparency first? The Saigon Times: Even though it aligns with the roadmap towards cashless payments, the recent proposal to ban cash-based gold trade has faced significant opposition from the public and especially from experts. What is your view? Should there be a different approach to address the current volatility of the gold market? Dr. Nguyen Huu Huan: I believe the approach of the regulator towards the gold market is not quite solid. Two goals are being pursued simultaneously: one is to stabilize the gold market, and the other is to make the gold market transparent. It seems there is a belief that transparency, by preventing speculation, price manipulation, and so on, will stabilize the gold market. However, looking at how the gold market operates in reality, these two goals are inherently conflicting. We all know that since 2012, the State […]
To read more, please click here.

How to deal with gold market volatility

Regarded as a symbol of wealth, a safe haven asset, and a cultural heritage, gold plays an important role in Vietnamese society. However, the...

Banks rush to issue bonds

April 2024 saw banks issuing VND7,800 billion of bonds via private placement, accounting for over 71% of the total value of debt issued by...

More challenges than opportunities

A report sent to the National Assembly Standing Committee to present an additional review of the implementation of the socio-economic development plan for 2023...

Still a force of influence

Foreign investors net sold around VND20 trillion of shares on the local stock market in the first four months of 2024. Although the proportion...

What’s in The Saigon Times Weekly this week?

Focus: How To Deal With Gold Market Volatility: Regarded as a symbol of wealth, a safe haven asset, and a cultural heritage, gold plays an...

Hindrances to semiconductor industry

Vietnam has set an ambitious target to turn out 50,000 engineers for the semiconductor industry by 2030. However, human resource development for this sector...

Business health and macroeconomic factors

The Q1/2024 financial statements of listed companies indicate a significant improvement compared to the same period of 2023, although profit growth slowed a bit...

Profit or cash flow?

When it comes to publicizing financial reports, all eyes will be on the profitability of listed businesses. However, those who understand more about corporate...

Latest news

spot_img