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Wednesday, June 4, 2025

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gold market

Local gold prices nosedive

HCMC - SJC gold bar prices dropped by a staggering VND2.9 million per tael this morning, May 30, following the central bank’s decision to...

Vietnam to halt gold actions

HCMC – Vietnam’s central bank will stop gold bar auctions from June 3 and will explore other ways to stabilize the domestic gold market. The...

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...

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...

Lawmakers propose issuing gold certificates

HCMC – Vietnamese lawmakers have proposed issuing gold certificates as a measure to stabilize the recent sharp spikes in gold prices. During the National Assembly’s...

SJC proposes ending state monopoly on gold bar production

HCMC – The Saigon Jewelry Company (SJC) has proposed the Government abolish state monopoly on gold bar production, allowing businesses to produce gold bars...

Should the State continue its monopoly?

The widening gap between domestic and global gold prices does not stem from whether the State maintains a monopoly on gold bar production, but...

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