New draft regulations could allow more gold producers, pressuring prices toward the 100M VND/tael mark.

Eligible banks and enterprises will be licensed to import raw gold and produce bullion — a function that, until now, has been exclusively assigned to a single entity.

Party Secretary General To Lam’s directive to abolish the state’s monopoly on gold bullion branding is a bold strike against the “ban what cannot be managed” mindset and the “ask-and-grant” scheme.

Long-standing state control over gold is set for reform, marking a pivotal shift in economic governance.

Experts believe that setting up a gold exchange will bring numerous benefits, especially if it is integrated into a new international financial center.

Vietnamese financial firms pledge transparency and reform after SBV inspection results.

He requested that the State's monopoly on gold bullion branding should be dismantled in a controlled way, with the principle that the government retains oversight of bullion production.

The Prime Minister proposes creating a regulated gold exchange to enable transparent public trading and prevent market manipulation and smuggling.

Experts believe it’s highly unlikely that gold prices will fall back to VND 100 million (around USD 3,930) per tael and have proposed allowing citizens to deposit gold at the State Bank of Vietnam (SBV) to earn interest.

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), ministries and agencies to implement measures to effectively manage the gold market.

Vietnam saw a 15% drop in gold demand in Q1 2025 due to domestic shortages and rising costs.

In just one decade, gold prices in Vietnam have fluctuated dramatically, climbing nearly 85 million VND (about $3,340) per tael, from 33.3 million VND per tael in 2016 to 118 million VND today.

Gold surged to 118 million VND per tael as hundreds queued in Hanoi’s Tran Nhan Tong Street, causing chaos and stock shortages.

Despite being limited to purchasing just one chi (3.75 grams) of gold per day, hundreds of Hanoi residents have been patiently lining up outside Bao Tin Minh Chau jewelry store to buy gold as prices continue to surge.

Compared to just over a year ago, gold prices have soared by more than 50%, a rise experts call a rare event in market history. As gold repeatedly sets new records, financial specialists caution that buyers could be stepping in at peak levels.

Vietnam uncovers over 10 tons of gold and 16.5 tons of silver in major mineral survey

New discoveries and long-standing mining sites reveal the vast wealth hidden beneath Vietnam’s terrain. Find out where the country's most valuable gold deposits are located.

Gold prices spiked to new records following U.S. tariff announcements, but experts warn of potential pullbacks amid rising profit-taking pressure.

While gold hits record highs and new reserves are discovered, top miner Vimico thrives as others like GLC struggle with expired licenses.

Despite minor dips, economists warn the days of sub-VND 80 million gold may be gone, driven by global uncertainty and policy shifts.