Business

Gold continues its meteoric rise to new high

The domestic gold price on August 3 hit a record 41.3 million VND (2,014 USD) per tael (one tael is equivalent to 1.2 ounces) as the world spot gold price hit 1,675 USD per ounce.
The domestic gold price on August 3 hit a record 41.3 million VND(2,014 USD) per tael (one tael is equivalent to 1.2 ounces) as the worldspot gold price hit 1,675 USD per ounce.

Domestic gold shops constantly updated their buying and selling prices up to 15 times during the day.

On the afternoon of August 3, Phu Quy company's gold shop on TranNhan Tong Street in Hanoi posted its buying and selling pricesat 41.1 million VND and 41.3 million VND per tael, respectively.Meanwhile, Bao Tin Minh Chau company set its prices at 41.12 million VNDand 41.3 million VND.

In Ho Chi Minh City , SaiGon Jewellery (SJC) listed its prices at 41.17 million VND and 41.3million VND at 1.30 pm the same day and Sacombank (SBJ) posted itsprices at 41.16 million VND and 41.29 million VND.

Large gold firms said gold trading was quiet as investors were waiting to see what will happen next.

Onthe world market, economic experts expected gold to fall after August2, when the US Congress reached an agreement on the debt ceiling.However, the price of this precious metal remained high as investorsmaintained enthusiasm for gold./.
Follow VietnamPlus

See more

Sun Group signs a MoU with Emirates, April 30, 2025. (Photo: Sun Group)

Emirates, Sun Group partner to promote tourism in Vietnam

The MoU was signed during the Arabian Travel Market (ATM) in Dubai by Orhan Abbas, Emirates’ Senior Vice President of Commercial Operations for the Far East, and Nguyen Vu Quynh Anh, Deputy CEO of Sun Group cum CEO of Sun Entertainment & Hospitality Group.

The groundbreaking ceremony for the second phase of construction on Vietnam’s first locally owned semiconductor chip factory. Photo courtesy of CT Semiconductor (Photo: VNA)

Construction of first locally-owned semiconductor factory begins

The groundbreaking ceremony, held in Binh Duong province, was attended by Deputy Prime Minister Nguyen Chi Dung, Deputy Minister of Science and Technology Pham Duc Long and leaders from universities, research institutions and international partners.

On April 15, Ho Chi Minh (HCM) City organises a ceremony to honour 50 outstanding businesses with leading brands and products of the city in celebration of the 50th anniversary of Southern Liberation and National Reunification (April 30, 1975-2025). (Photo: VNA)

HCM City’s leading enterprises embrace innovation in new era

Currently, HCM City's businesses contribute over 50% of the city’s GRDP, 67% of total investment, and 25% of national import-export turnover. Many of these enterprises have built strong domestic reputations and are increasingly succeeding in international markets.

Vinh Loc 2 industrial park in Ben Luc district, Long An province, which borders HCM City's Binh Chanh (Photo: VNA)

Production restructuring fuels demand in industrial real estate

With a solid foundation, increasing investor confidence, and strategic government support for sustainable and high-tech development, Vietnam’s industrial real estate market is well-positioned to become a regional leader in the era of sustainable prosperity.

Illustrative image (Photo: thoibaonganhang.vn)

Vietnamese gov’t approves two-year trial of P2P lending

Under the pilot, only P2P lending companies licensed by the State Bank of Vietnam (SBV) will be allowed to operate. Foreign banks are excluded from participation. While credit institutions and fintech firms may join the trial, participation does not guarantee future compliance with business or investment regulations once formal laws are enacted.

Processing dragon fruit for exports (Photo: VNA)

Overseas Vietnamese help Vietnamese products go global

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Illustrative image (Photo: VNA)

PM orders fast-track construction of Lao Cai - Hanoi - Hai Phong railway

The Minister of Construction was asked to work closely with local authorities to hasten land clearance, compensation, resettlement, site surveys, and the drafting of a feasibility study, which must be completed by June 2025, setting the stage for the project's groundbreaking on December 19, 2025.

LNG import operations at Thi Vai terminal. (Photo: VNA)

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/ND-CP, issued on March 31. The move marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.