Although 2022 was a year of gold price fluctuations, investors in early 2022 were able to make a profit.

Overall consumer demand for gold in Vietnam reached 12.0 tons in Q3/2022 from 3.3t in Q3/2021, up 264% year-on-year.

The gap in gold prices between Vietnam and the world has reached VND18 million per tael. Experts say it’s still unclear how to solve the problem.

With the price of a tael of gold in Vietnam more than US$800 higher than in the rest of the world, local experts say the local regulation of gold prices is unsuitable.

In the first trading session of 2022, Vietnam's stock market reached a historic peak of 1,517.95 points, and trading volume of over 526 million shares, equivalent to more than 16,688 billion VND.

While the gold price in the world market is falling sharply, the domestic price keeps rising, with the gap between prices hitting VND11 million per tael.

Vietnam is the largest gold market in Southeast Asia, according to a recent study of the World Gold Council (WGC).

The gold price in the world market has decreased by 13 percent this year, causing Vietnamese to lose billions of dollars. Meanwhile, the domestic price has stayed high.

With increasingly rapid developments occurring in the gold and stock markets, economic experts believe these represent risky investment channels, with investors needing to carefully consider all of their financial decisions.

Gold prices went up in both global and local markets on March 24 when the gap of the prices between the two markets narrowed.

VietNamNet Bridge - The State Bank’s policies on the dollar have influenced consumers, many of whom are  not saving gold to preserve their assets. However, they continue to hold dollars.

 VietNamNet Bridge – The State Bank of Vietnam (SBV) said in a statement released on May 25 that it is always ready to intervene in the gold market that has become volatile in recent days.

 VietNamNet Bridge – The local gold market has seen strong fluctuations in 2013 given the strong price decline on the world market and new policies on gold market management released by the central bank.

 VietNamNet Bridge – The improved transparency in the stock market has helped regain investors’ trust in 2013, and the trend will continue this year, said Chairman of the State Securities Commission Vu Bang.

 VietNamNet Bridge – The government’s strategy to regulate and control the gold market towards healthy development in the coming time is coming into sharp focus.

VietNamNet Bridge –  In its latest bulletin, the National Assembly’s Economics Committee pointed out that big problems still exist in the gold market management.

 Premium growth slumps in first half; Businesses receive support for US market expansion; Vietnam's US trade surplus hits new heights; Mitsui eyes IT parks in Da Nang city

VietNamNet Bridge – The State Bank of Vietnam has hold 35 gold bidding sessions and sold 865,000 taels of gold to local banks since March as a measures to help them repay their depositors and close their gold accounts

 The 13th National Assembly on Friday wrapped up its 5th working session which featured the first-ever vote of confidence on top officials.