26.7 C
Ho Chi Minh City
Monday, July 22, 2024



gold market

How to regulate gold market

According to Associate Professor Dr. Dinh Trong Thinh, a senior lecturer at the Academy of Finance, during discussions on Decree 24/2012, experts raised the issue of how to build and develop the gold market in line with a market economy under State management. It is high time now to find a suitable solution. Sticky issue in the gold market The Saigon Times: In his Directive 06 issued on February 15, 2024, the Prime Minister urged the State Bank of Vietnam (SBV) to promptly review the implementation of Decree 24/2012 on managing gold business activities and propose effective solutions for the gold market. The SBV itself in January 2024 also repeatedly mentioned these issues. How do you comment on these initiatives? What should be done when it comes to amending Decree 24? Assoc. Prof. Dr. Dinh Trong Thinh: Before Decree 24 came into effect on May 25, 2012, gold was unofficially considered a special currency. People used gold to buy everything valuable, from Japanese bicycles to televisions, motorbikes, especially real estate. Decree 24 has helped curb this phenomenon, and until now, as we can see, in ordinary transactions, no one uses gold as an exchange unit anymore. Clearly, Decree 24 has […]
To read more, please click here.

Domestic gold prices at record highs

HCMC - Domestic gold prices briefly shot up to an all-time high of over VND80 million this morning, February 29, and then dropped back...

Time to walk the talk

“There should be measures to encourage, promote, and ensure safety for those more in markets that can underpin economic growth, such as the stock...

Vietnam’s gold demand dips in 2023, investment surges in Q4

HCMC - Global gold demand fell slightly last year but remained above the 10-year average, with Vietnam seeing a mixed picture, according to the...

Opportunities in uncertain times

With promising macroeconomic indicators, financial investors are poised for a rewarding 2024. Nevertheless, in a landscape riddled with potential uncertainties, crafting a robust investment...

A fresh perspective on gold

Gold hoarding has become popular as a long-term investment vehicle. Central banks worldwide have been diversifying their foreign reserves by consistently acquiring gold in...

SBV calls for stronger oversight of forex, gold trading

HCMC – The State Bank of Vietnam’s HCMC branch has urged efforts to curb unauthorized foreign exchange and gold trading activities. In response to a...

Does gold price weigh on forex rate?

The domestic gold market has long been insulated from the international bullion trade, but the widening price gap has prompted many people with a...

Latest news