Tag: direct cash payments

Members of Parliament have proposed five strategic solutions to mobilize the estimated 400–500 tons of gold held privately by citizens, transforming this dormant asset into a dynamic force for economic growth.

After surging to 1.1 million VND per tael earlier today, gold bars and gold rings experienced a collective decline in the afternoon of October 31st.

Unlock the hidden potential of Vietnam’s economy with a simple yet powerful solution. According to Delegate Thạch Phước Bình (Vĩnh Long), mobilizing just 10-15% of the gold held by citizens into the financial system could inject an additional $5-7 billion into the economy. This transformative move would enable significant investments in infrastructure without increasing public debt, paving the way for sustainable growth and development.