Gold surpasses VND58 million per tael

Gold surpasses VND58 million per tael

Although the global gold price declined, gold exceeded VND58 million per tael (1.2 ounces) on October 12 in Vietnam.
Sixteen banks reduce lending interest rates by more than VND8.86 trillion

Sixteen banks reduce lending interest rates by more than VND8.86 trillion

Four State-owned commercial banks continue to commit to sparing a support package of VND4 trillion to cut interest rates and all banking service fees for customers in localities implementing social distancing under Directive No.16/CT-TTg of the Prime Minister.
HCMC’s CPI rises 0.33 percent in May

HCMC’s CPI rises 0.33 percent in May

The consumer price index of Ho Chi Minh City recorded a month-on-month rise of 0.33 percent in May, according to the city’s Statistics Office.
Establishment of national gold trading floor proposed

Establishment of national gold trading floor proposed

The Vietnam Gold Trading Association (VGTA) informed that it would petition the Government and the National Assembly to set up a national gold trading floor, which could be first trialed in Hanoi and Ho Chi Minh City.
VN-Index surpasses 1,200 points

VN-Index surpasses 1,200 points

Vietnam’s stock market crossed a record high of 1,200 points in the trading session on March 18 as the information that the US Federal Reserves (FED) would not raise its interest rate until 2023 affected positively the stock markets. The US Dow Jones also surpassed the 33,000-point mark for the first time.
CPI climbs 1.52 percent in February

CPI climbs 1.52 percent in February

The consumer price index (CPI) in February this year jumped by 1.52 percent over the previous month, the highest increase of the index in February in the past eight years, and 1.58 percent compared to December last year.
Gold devalues by nearly VND1 million per tael after God of Wealth Day

Gold devalues by nearly VND1 million per tael after God of Wealth Day

While the global gold price climbed, the price of gold in Vietnam on February 22 retreated by VND200,000 per tael (1.2 ounces) compared to the previous day, the day of the God of Wealth. Early in the morning, gold trading businesses simultaneously lowered their prices by VND300,000-VND350,000 per tael. However, after that bullion prices slightly increased again.
Stocks, gold go up

Stocks, gold go up

Vietnam’s stock market managed to curb the losing trend in the trading session on December 1, thanks to strong bottom-fishing demand.
Gold loses VND1.05 million per tael further

Gold loses VND1.05 million per tael further

The global gold prices continued to decline further, dragging the price of gold in Vietnam to plummet by more than VND1 million per tael compared to the late afternoon of the previous day on November 25, falling off the VND55-million-per-tael mark.
Gold drops sharply

Gold drops sharply

Along with the losing trend of the global gold prices, the price of gold in Vietnam fell by VND650,000 per tael compared to the late afternoon of the previous day to nearly VND55 million per tael for buying on November 24.