Gold shops in Ho Chi Minh City are stocking many kinds of original products and hope to make big profits on them during Tet, the country’s biggest festival.
On February 9, the Sai Gon Jewellery Company (SJC) unveiled a series of products like a statue of the God of Wealth, 12 animals of the zodiac and goat head-shaped rings, each weighing from a 10th of a tael to a tael.
They all have designated 3D viewing angles that make them look very sophisticated.
Earlier, Bao Tin Minh Chau Jewellery Company had introduced a collection of gold coins associated with the shapes of the 12 animals of the zodiac. The coins weigh only a 20th of a tael, a 10th or a fifth and so are easy to be displayed or given as "lucky money."
To meet the demand for original gold products for gifting during the Lunar New Year, the company has also produced gift items including sacred objects like the "Lucky Gold Goat" created from various materials and costing 5-150 million VND.
Nguyen Cong Tuong, deputy chairman of the company's wholesale office, said though the demand for bullion has not increased, the demand for gold products created especially for Tet is very high.
Gold traders expect the demand for gold products to be particularly high on the 10th day of the new year, which is the birthday of the God of Wealth.
Last year, many gold shops were hit by a shortage of stock after people flocked to buy gold on that day, according to market observers.
Bao Tin Minh Chau's turnover on the day in 2014 increased by 300 percent while SJC also had much higher sales than expected.
To meet demand, gold traders have focused their efforts on producing unique gold items this time.-VNA
On February 9, the Sai Gon Jewellery Company (SJC) unveiled a series of products like a statue of the God of Wealth, 12 animals of the zodiac and goat head-shaped rings, each weighing from a 10th of a tael to a tael.
They all have designated 3D viewing angles that make them look very sophisticated.
Earlier, Bao Tin Minh Chau Jewellery Company had introduced a collection of gold coins associated with the shapes of the 12 animals of the zodiac. The coins weigh only a 20th of a tael, a 10th or a fifth and so are easy to be displayed or given as "lucky money."
To meet the demand for original gold products for gifting during the Lunar New Year, the company has also produced gift items including sacred objects like the "Lucky Gold Goat" created from various materials and costing 5-150 million VND.
Nguyen Cong Tuong, deputy chairman of the company's wholesale office, said though the demand for bullion has not increased, the demand for gold products created especially for Tet is very high.
Gold traders expect the demand for gold products to be particularly high on the 10th day of the new year, which is the birthday of the God of Wealth.
Last year, many gold shops were hit by a shortage of stock after people flocked to buy gold on that day, according to market observers.
Bao Tin Minh Chau's turnover on the day in 2014 increased by 300 percent while SJC also had much higher sales than expected.
To meet demand, gold traders have focused their efforts on producing unique gold items this time.-VNA
