Central bank urges caution in gold trading

The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal.
Central bank urges caution in gold trading ảnh 1The central bank always closely monitors gold market developments. (Photo: VNA)
Hanoi (VNA) – The central bank has warnedpeople to take caution when trading gold amid the strong fluctuations of theprecious metal.

Dao Xuan Tuan, Director of the State Bank of Vietnam(SBV)’s Department of Foreign Exchange Management, noted that the bank has preparedmeasures to stabilise the domestic gold market, referring to the increase of SJC-brandedgold bullion supply.

The central bank always closely monitors market developmentsand is ready to take solutions to stabilise it in order to minimise the impactsof gold price fluctuations on exchange rates, inflation and macroeconomicstability, he affirmed.

It will continue coordinating with the Ministry ofPublic Security and other relevant ministries and agencies to intensifyinspections over gold business, Tuan continued.

The price of gold bullions in Vietnam had skyrocketedover the past weeks, even peaking at 83 million VND (3,419 USD) per tael. Thedifference between domestic and world gold prices has continuously expanded inrecent days, reaching nearly 20 million VND per tael at certain moments.

Given this, Prime Minister Pham Minh Chinh has issueda dispatch asking for measures to strengthen the management of the domesticgold market.

He ordered relevant agencies to work with the SBV toimmediately roll out measures to strictly handle violations, especiallysmuggling, manipulation and speculation, ensuring a stable, transparent, safe,healthy and effective domestic gold market./.
VNA

See more

Vietnamese pomelos could be exported to Australia provided they comply with pest control measures and phytosanitary protocols. (Photo: VNA)

Australia clears path for Vietnamese pomelos with biosecurity final report

The completion of the report not only represents progress in market access negotiation but also demonstrates Vietnam’s improving capacity in crop cultivation and plant protection to meet stringent international biosecurity standards. Australia's recognition of Vietnam's biosecurity compliance capabilities will open opportunities for the staple.

The National Statistics Office under the Ministry of Finance will conduct a nationwide rural and agricultural census from July 1-30. (Photo: VNA)

Nationwide rural, agricultural census to begin in July

The rural and agricultural census is one of the three largest statistical censuses in Vietnam, held every ten years. It aims to collect comprehensive information on agriculture, forestry, fisheries and the status of rural development nationwide.

Illustrative Image (Photo: VNA)

Fuel prices cut again from 3pm on May 8

Vietnam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).

Deputy Prime Minister Tran Hong Ha speaks at the meeting on May 7. (Photo: VNA)

Deputy PM calls for acceleration of public capital disbursement

Seven localities with disbursement rates higher than the national average were Phu Tho (46.71%), Thanh Hoa (39.02%), Ha Tinh (29.43%), Nghe An (22.56%), Quang Binh (19.23%), Bac Giang (18%), and Hoa Binh (17.34%). Notably, the Ministry of Construction and Hanoi city had the absolute disbursement figures, over 11.82 trillion VND and nearly 9.6 trillion VND, respectively.

Illustrative photo (Photo: VNA0

Stock market upgrade expected by September

The Ministry of Finance (MoF) is actively implementing a comprehensive plan to enhance market capabilities and meet the stringent criteria set by international rating agencies such as FTSE Russell and MSCI.

Illustrative image (Photo: VNA)

Vietnamese businesses invest 309.3 million USD abroad in four months

This includes over 269 million USD poured into 43 new projects, nearly three times higher than the same period last year and an additional 40 million USD injected into 12 existing projects, 69 times higher than the amount recorded in the corresponding period of 2024.

Visitors explore products at the Ho Chi Minh City Pavilion during the Sydney Build Expo 2025. (Photo: VNA)

Vietnam impresses at Sydney Build Expo 2025 with largest-ever pavilion

Sydney Build Expo is Australia’s largest annual construction and design trade show, backed by the Mayor of Sydney and Premier of New South Wales. The expo offers a valuable platform for Vietnamese firms to explore market trends, connect with distributors and contractors, and promote their products on the global stage.

The first months of 2025 have seen increases in both new business registrations and firms returning to the market. (Photo: VNA)

Vietnam’s reform efforts boost business confidence: Official

The first quarter of this year saw the registration of 36,400 new businesses, on par with 2024 but up around 1.2 times compared to same time in the 2017–2023 period. Notably, the amount of newly-registered capital also rose by about 1.5% year-on-year.