Leading Vietnamese gold and jewelry companies, including SJC, Bao Tin Minh Chau, and Doji, have set the price of SJC gold bars at 160 – 162 million VND per tael (buy – sell), unchanged from the previous day. Other gold retailers have also maintained the SJC gold bar price at 162 million VND per tael, marking the highest level ever recorded.
Meanwhile, the price of gold rings has surged to new highs, with some brands matching the price of gold bars. Notably, Bao Tin Minh Chau and Bao Tin Manh Hai gold rings are listed at 159-162 million VND per tael, a 1 million VND increase from the morning; Phu Quy gold rings are at 157.3-160.3 million VND per tael, up by 300,000 VND; and Mi Hong gold rings range from 160.7 to 162 million VND per tael.
Gold ring prices surge, with some brands matching SJC gold bar prices.
At the same time, global gold prices are listed at 4,596 USD per ounce, an 8 USD increase from the previous day. Currently, domestic gold prices remain approximately 15 million VND per tael higher than international rates.
During the “Double-Digit Economic Growth Drivers and Investment Opportunities in 2026” seminar, Mr. Dinh Ngoc Dung, Chairman and CEO of Bao Tin Capital, stated that domestic gold prices generally move in tandem with global trends. However, the lack of full integration in Vietnam’s gold market has resulted in significant price disparities.
Mr. Dung noted that in 2025, gold prices saw a 70% increase. Nevertheless, Vietnam’s gold market is not yet fully connected to the international market, leading to persistent price differences of around 10%, or 15 million VND per tael, primarily due to supply and demand factors.
“Every morning, we see long queues at gold shops, reflecting the high demand for gold investment and accumulation, while domestic gold supply remains limited,” Mr. Dung observed.
According to Mr. Dung, estimates vary, but a conservative assessment suggests that the amount of gold held by Vietnamese citizens could reach approximately 500 tons. At current prices, this equates to around 2,000 trillion VND, or roughly 80 billion USD.
This substantial asset, currently stored in safes and under beds, could become a significant source of capital for investment and economic development if effectively mobilized. Integrating this resource into the financial system would stimulate the growth of various investment channels.
In related markets, before the morning trading session, Phu Quy and Bao Tin Minh Chau silver bars were sold at 3.21 – 3.31 million VND per tael, or 88.2 million VND per kg, nearly 2 million VND per kg higher than the previous day. Ancarat silver bars reached 89.3 million VND per kg, an increase of nearly 3 million VND per kg.
In the currency market, the State Bank of Vietnam set the central exchange rate at 25,129 VND per USD, unchanged from the previous day.
Vietcombank listed the USD exchange rate at 26,086 – 26,386 VND per USD (buy – sell), while the USD traded on the black market at approximately 27,100 – 27,250 VND per USD.
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Unprecedented Surge in Gold Ring Prices: What’s the Value of 500 Tons of Gold Held by Vietnamese Citizens?
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International gold prices surged on January 12th, reaching a new peak of $4,630 per ounce before sharply retreating below $4,600. How will domestic gold prices fluctuate on January 13th?
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There are varying estimates, but according to a conservative assessment, the amount of gold held by the public could reach approximately 500 tons. Converted at current prices, this figure is equivalent to about 2,000 trillion VND, or roughly 80 billion USD. If effectively mobilized, this substantial asset could become a significant capital source for investment and economic development.
