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“The State Bank’s Strategy to Control the Price Differential of Domestic Gold Bars and...
On October 22, the SBV announced the direct sale of SJC gold bars to four state-owned joint-stock commercial banks and the Saigon Jewelry Company Limited at a price of VND 88,000,000 per tael.
The New Interest: “The Coming Year’s Slashed Interest Rates”
With the Fed and many central banks entering a cycle of cutting interest rates, Vietnam will continue to maintain its accommodative stance to support economic growth. Interest rates are expected to drop by 0.7% in the coming year, providing a boost to the economy and potentially spurring investment and consumption.
The Golden Opportunity: Rising Prices and a Shining Future
The price of gold on the global market, as observed on the Kitco exchange this 27th of October, stood at $2,747 per ounce, marking a notable increase of $7.84 from the previous day's rates.
