A jewellery shop on Tran Nhan Tong street of Hanoi (Photo: VNA)
Hanoi (VNS/VNA) - Gold prices declined on January7 after touching a four-month high, but the uptrend is unlikely to stop.
Buying prices at local gold and jewellery firms stoodat 43.62 - 43.68 million VND per tael (32.71 million - 32.76 million VND foran ounce), and selling prices had reached 43.82 - 44.02 million VND pertael.
On January 6, buying and selling prices hit four-monthhighs at around 43.90 million VND (1,890 USD) and 44.45 million VND per tael, respectively.
International gold prices edged down on January 7 afterhitting seven-year highs the previous day.
Spot gold futures inched down 0.03 percent to trade at 1,565.25USD per ounce.
Spot gold has jumped 3.2 percent in the last seven days asinvestors and traders around the globe worry about tensions between the USand Iran after a US drone killed a top Iranian military official on January 2.
Both sides have responded with aggressive rhetoric,raising concerns of further instability in the Middle East.
This could well boost gold prices further as investorslook for a safe haven amid geopolitical tensions and a gloomy globaleconomic outlook.
Spot gold futures have gained 22.3 percent since the end ofMay 2019.
Trading volume has remained relatively stable in recent daysdespite big price moves, Nguyen Hoang Minh, deputy governor of the State Bankof Vietnam (SBV) branch in HCM City, said.
The SBV is closely watching the development of gold pricesand will make a response to any big changes, Minh said.
The SBV has issued Circular 29/2019/TT-NHNN to amendCircular 16/2012/TT-NHNN instructing the implementation ofGovernment Decree 24/2012/NĐ-CP on gold trading.
Under the new circular, gold trading businesses will have tosubmit documents to the SBV to recognise changes to its business licence.The applications must be completed within 30 days from the date thecompany decides to change its business portfolio.
Gold trading businesses are allowed to make changes tothe gold shops they use, and send quarterly reports to the SBV andits local offices.
The circular will take effect on February 12, 2020./.
The State Bank of Vietnam (SBV) has publicised a draft circular that would adjust existing regulations managing gold trading, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper reported.
Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.
The domestic gold price saw its strongest growth in three months in the week of December 23-29 after beating the milestone of 42 million VND (1,817.40 USD) per tael.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
A jewellery shop on Tran Nhan Tong street of Hanoi (Photo: VNA) 
