VGTA proposed allowing jewellery producers to borrow gold from individuals at negotiated interest rates under civil law, arguing that such a mechanism would help unlock significant gold reserves held by the public and stabilise input supply.
The State Bank of Vietnam (SBV) has received 11 applications from companies and commercial banks seeking for licences to produce gold bars, a SBV’s senior official said on Tuesday.
Investigators initially determined that the company’s actual revenue was about VNĐ13.7 trillion (US$520.19 million), a difference of about VNĐ9.7 trillion against tax reporting, causing a loss of about VNĐ150 billion to the State budget.
Việt Nam is considering listing silver bullion for trading on the Mercantile Exchange of Việt Nam to standardise transactions and improve transparency in a rapidly growing market amid volatile global prices.
Traditionally regarded as an auspicious occasion for businesspeople, the Day of the God of Wealth has long been associated with the custom of buying gold to pray for prosperity and financial luck. The ritual has evolved into a recurring seasonal...
The directive requires ministries and local authorities to monitor post-Tết price fluctuations, particularly for essential consumer goods and key production inputs.
As God of Wealth Day (the 10th day of the first lunar month, February 26 this year) approaches, the gold market has entered its most vibrant peak season. Despite prices hovering at record highs, people are flocking to buy gold for...
Prime Minister Phạm Minh Chính directs the State Bank of Vietnam to finalise documentation for the national gold exchange as part of economic growth strategy.
Prime Minister Phạm Minh Chính directs the State Bank of Vietnam to finalise documentation for national gold exchange as part of economic growth strategy.
SJC gold bars have gained VNĐ10 million per tael in just two weeks while silver prices jumped 29 per cent, driving strong investor interest in the domestic market.