Tuesday, November 5, 2024 9:20:48 AM - Markets open
VN-INDEX 1,244.71 0.00/0.00%
HNX-INDEX 224.71 +0.26/+0.11%
UPCOM-INDEX 91.76 +0.15/+0.17%
Vietnam has highest gold demand in Southeast Asia
VietNamPlus - 2/18/2022 4:17:24 PM
 (0 ratings. You must sign in to rate.)
Vietnam has the highest demand for gold in Southeast Asia, Andrew Naylor, Regional CEO, Asia-Pacific (excluding China) and Public Policy of the World Gold Council, said during a recent virtual workshop on the Vietnamese gold market.
 
The demand for the precious metal in Vietnam amounted to 43 tonnes in 2021, posting a year-on-year rise of 8 percent. Of the figure, jewelery accounted for 12 tonnes, up 11 percent; and gold bar and coin 31.1 tonnes, a slight increase from the previous year. 
 
A recent survey showed that 72 percent of Vietnamese consumers believe that gold is a safe asset and they will continue to invest in it in the coming time.
 
Vietnamese people have a higher rate of gold ownership compared to their regional counterparts, and tend to store gold for the long term.
 
Naylor said global gold demand expanded 10 percent in 2021, and gold bar and coin surged 31 percent in the past eight year./.
 
VNA
 
Read original article here
 
Newer News
04/11 VN’s gold demand slumped as sharp price rises deterred fresh buying in Q3: report
31/10 Fintech companies become capital providers for small and micro firms
30/10 Gov’t submits to the NA a draft law amending seven laws
30/10 Smart banking emerges as more than just a technological trend
29/10 Interest rates expected to decrease by 0.7 percentage points next year
28/10 Inspection report on gold trading activities being complied, SBV says
28/10 Detailed guidance on banning sale of bancassurance needed
24/10 Vietnam set to lead region in blockchain application by 2030
24/10 Abolishing credit rooms under consideration: central bank
23/10 SHB expands credit package to VNĐ16 trillion with interest rates starting at 4.8%
Older News
17/02 Experts suggest banks not be involved in economic recovery packages to avoid bad debts
28/01 Remittances to HCM City total 6.6 billion USD last year
26/01 Central bank to keep watch on bancassurance activities
21/01 Bonds circulating within banks
13/01 Concerns on current bad debt situation
11/01 Overseas remittances to Vietnam increase as Tet approaches
10/01 Banks begin to hike deposit interest rates
06/01 Banking sector focuses credit on priority fields in 2022
06/01 Inflation forecast to be under control in 2022
05/01 Foreign economists: Vietnam has many driving forces for 2022 growth
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 9:14:59 AM
VN-INDEX 1,244.71 0.00/0.00%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.