Vietnam ranks seventh in the world in terms of gold consumption, according to the World Gold Council (WGC).
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The country’s demand for gold reached 92.2 tonnes in 2013, an increase of 20% over 2012. Of the total, gold jewelry was 11.9 tonnes.
China took the lead with the total gold demand of nearly 1,065.8 tonnes, up 32% over the previous year.
India came in second with 874,8 tonnes, a year-on-year increase of 13%, followed by the US (190.3 tonnes, 18%), Turkey (175.2 tonnes, 60%), Thailand (140.1 tonnes, 73%), Germany (121 tonnes. 10%), the United Arab Emirates (77.1 tonnes, 24%, Russia (73.3 tonnes, 5%) and Saudi Arabia (72.2 tonnes, 14%).
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