Gold soars after two US banks go bankrupt
Gold is currently attracting money seeking a safe haven amidst concerns about financial instability among investors worldwide.
Dollar exchange rates at commercial banks near VND24,000 per dollar
The VND/USD reference exchange rate, on September 20, was increased by VND6 per US dollar by the State Bank of Vietnam compared to the previous day, to be listed at VND23,301 per US dollar. The US dollar price at commercial banks also climbed by VND15-VND30 per US dollar.
Monopoly in gold bar production proposed to be eliminated
Mr. Huynh Trung Khanh, Vice Chairman of the Vietnam Gold Trading Association, said that because the gap between domestic and world gold prices is too high, SJC-gold buyers bear many risks, especially when domestic and international gold prices have not been connected yet.
Gold soars VND700,000 per tael
The price of gold in Vietnam jumped by VND700,000 (US$30.19) per tael (1.2 ounces) on May 20 as the global gold price rebounded.
Gold hits VND63.92 million per tael
The price of gold in Vietnam, on February 22, approached nearly VND64 million per tael (1.2 ounces) as the global gold price surpassed the mark of US$1,910 an ounce due to escalating tensions between Russia and Ukraine.
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.
Gold price drops after God of Wealth Day
After strongly increasing to exceed VND37.5 million a tael on God of Wealth Day, the tenth day of the first lunar month every year falling on February 26 this year, SJC gold price has dropped by nearly VND500 a tael.