Business

Central bank to continue gold auction on May 3

The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.
Central bank to continue gold auction on May 3 ảnh 1SJC-branded gold bars to be auctioned on May 3 morning (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam will auction an additional 16,800taels of SJC-branded gold bars to businesses at 9am on May 3, it said in astatement released on May 2.

Buyers can bid to buy between 1,400 and 2,000 taels, with bids in multiples of100 taels.

The starting price has been set at 82.9 million VND (over 3,263 USD) per tael,and bidders need to deposit 10% of their purchase value.

The auction on April 25 morning was cancelled as there was only one businesssubmitting a bid form.

Earlier, state-owned goldproducer and distributor Saigon Jewelry Company and Asia Commercial Joint StockBank (ACB) bought 3,400 taels out of the 16,800 offered by the central bankduring the auction on April 23. The gold was purchased for 81.33 millionVND (3,195 USD) per tael at the highest, and 81.32 million VND at the lowest,against the base price of 81.30 million VND.

Huynh Trung Khanh, Vice President of the VietnamGold Trading Association, suggested the SBV consider adjusting the minimumbidding volume to about 400 - 500 taels to attract more bidders.

SJC gold prices for May 2 were 82.9 million VND (buying) and 85.1 million VND (selling), almost unchanged after the five-day holiday from April 27 to May 1./.

VNA
#State Bank of Vietnam #auction #gold bars #starting price #deposit #bid form #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Central bank cancels gold bar auction

Central bank cancels gold bar auction

The State Bank of Vietnam announced on April 22 that it has cancelled the auction of SJC-branded gold bars, which had been set for 10am the same day, as there are not enough businesses registering to join the auction and transferring deposits in accordance with regulations.
April 25 gold bullion auction cancelled

April 25 gold bullion auction cancelled

The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.

See more

Downtown area in Ho Chi Minh City. (Photo: VNA)

Vietnam's golden gateway: FDI poised for gains in 2026

More than just volume, the quality of FDI entering Vietnam has improved. The nation is evolving from a base for basic assembly and processing into a genuine contributor to hi-tech manufacturing and R&D across global value chains.

Deputy Minister of Finance Do Thanh Trung speaks at the ceremony (Photo: VNA)

Project to advance growth, innovation, leadership for enterprises kicks off

AGILE is not only a testament to the long-standing and trusted strategic partnership between Vietnam and Canada, but also an important contribution to the Vietnamese Government’s efforts to promote innovation and sustainable growth within the private sector, thereby effectively mobilising private investment to realise inclusive and sustainable development goal.

At Regza Vietnam Electronics Co., Ltd. in Dong Nai province. (Photo: VNA)

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

In Q1 2026, Vietnam records 16 export commodities with turnover exceeding 1 billion USD. (Photo: VNA)

Exports face stiff test in bid to hit 550 billion USD

To achieve export growth of over 15% as directed by the Government, the MoIT said it will prioritise a set of core measures in 2026, including expanding production capacity, developing new export products, increasing domestic content and value added, accelerating the shift from processing to manufacturing, and proactively addressing trade barriers and defence measures.

Illustrative photo (Photo: VNA)

January CPI rises on stronger Tet holiday demand

CPI in January 2026 rose 0.05% month-on-month, with urban areas up 0.02% and rural areas up 0.09%. Of the 11 major commodity and service groups, nine recorded price hikes while two saw declines.

Vietnam is currently Cambodia’s third-largest trading partner worldwide, after China and the US, and its largest trading partner within ASEAN. (Photo: Ministry of Industry and Trade)

Party chief’s Cambodia visit to open up new phase of deeper, closer cooperation

To further unlock the potential of bilateral economic and trade cooperation, Vietnam and Cambodia should continue reviewing and effectively implementing signed agreements, facilitating trade and border connectivity, strengthening trade promotion in complementary sectors, reforming administrative procedures, upgrading border and logistics infrastructure, and enhancing coordination in combating smuggling and trade fraud.

Investors monitor stock market movements at the HoSE trading floor. (Photo: VNA)

VNX, FTSE Russell discuss Vietnam market upgrade

During the working session, the two sides shared updates on the performance of Vietnam’s stock market in 2025, focusing on market capitalisation, index trends, developments in the equities, bond and derivatives segments, and the continued expansion of the investor base.