Vietnam's central bank to inspect gold trading practices
Administrative measures, such as market audits, mandatory electronic invoicing, and investigations into price manipulation, would have an immediate stabilizing effect on the gold market.
Administrative measures, such as market audits, mandatory electronic invoicing, and investigations into price manipulation, would have an immediate stabilizing effect on the gold market.
The minimum bid amount will be reduced from 700 to 500 taels to attract more bidders.
The authorities would continue to inspect, monitor, and deal with gold smuggling, speculation, or the exploitation of hoarding policies to drive up prices and cause market instability.
With domestic gold prices soaring, the spread over international prices has also widened to around VND18.5 million (US$727) per tael.
It is not by chance that the word “Dien Bien Phu” appears in the lexicon of the world's militaries.
Gold trading firm SJC and lender ACB are the two successful bidders at the auction held today.
The auction was postponed due to a lack of bidders and escrow deposits.
The return of gold auctioning after more than 10 years is expected to bring gold prices closer to the global levels.
All the activities celebrating the 70th anniversary of Hanoi’s Liberation Day will be carried out in an initiative and creative manner.
Domestic gold prices have surged in recent weeks amid rising geopolitical tensions.
The measures are aimed at ensuring a stable and efficient gold market.
Vietnam has so far been successful in achieving the goal of “degoldizing" the economy.
Vietnam's MICE (Meetings, Incentives, Conferences, Exhibitions) tourism has been undergoing a qualitative and quantitative transformation in recent years, according to experts in the field.
Authorities must strictly enforce laws against gold smuggling, speculation, manipulation, and exploiting government policies to inflate gold prices, posing risks to market stability and safety.
According to the Cultural Heritage Administration, the return of the Emperor's Golden Seal reaffirms the Party and State's stance on preserving and promoting cultural heritage values.
The result has further validated the quality and effectiveness of STEM education for Vietnamese students.
The exhibition of the Imperial Archives of the Nguyen Dynasty, combined with light art, takes viewers back to the past and into the historical space of Vietnam's last feudal dynasty.