Customers buy gold at Phu Quy gold shop in Hanoi. (Photo: VNA)
Hanoi (VNS/VNA) - Vietnam is the largest gold market in Southeast Asia,according to a recent study of the World Gold Council (WGC).
TheWGC also announced the country among the top 10 markets in the world, sayingconsumer demand for gold in Vietnam reached 39.8 tonnes in 2020, higher thanthe demand of 37.6 tonnes in Indonesia and 9.4 tonnes in Singapore.
Thestudy of 2,000 local investors in March last year also said gold is the topasset class for 68 percent of Vietnamese investors while the outlook for theprecious metal was positive, adding 81 percent of people who bought goldconsidered buying more. The average rate for buying more gold is 45 percentglobally.
Accordingto the WGC, demand for gold in Vietnam is still very high as Vietnamese peoplebelieve gold helps fight inflation and currency fluctuations, helpinginvestors feel secure in the long run. At the same time, new demand for goldalso arises by buying gold on digital platforms or through availablechannels such as a bank.
Inthe study, 76 percent of respondents were in favour of opening a goldinvestment account at a bank to support and formalise the gold market.
"Researchshows demand for gold in Vietnam is strong and there is support to develop newinvestment products such as buying gold through digital platforms or opening agold investment account," Andrew Naylor, director in charge of ASEAN atthe World Gold Council, said.
Endingyesterday, SJC gold price was bought at 55.2 million VND (2,379 USD) and soldat 55.6 million VND (2,396 USD) per tael. Compared with gold prices listed onthe global site of Kitco at 1,785 USD per ounce (2,142 USD per tael), each taelof gold in Vietnam was 254 USD higher than the world price./.
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.
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.
Customers buy gold at Phu Quy gold shop in Hanoi. (Photo: VNA) 
