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The Profit Picture of Banks in Q2 2024: LPBank Shines Brightly

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The second-quarter financial results season is upon us, and while there may not be any dramatic surprises, the banking sector's profits for Q2 2024 are looking positive. This growth is largely attributed to consumer lending and a healthy uptick in credit. While the first half of the year has had its fair share of complexities, there are promising signs of improvement on the horizon.

The Golden Loop: A Shocking Revelation

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Although the global gold price witnessed a significant drop, the domestic gold ring price only saw a minuscule decrease, leaving consumers perplexed.

The Alluring Allure of Gold: A Shining Investment Opportunity.

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As of July 18, the buying price of SJC gold bars surged by VND 1 million per tael, while the buying price of plain gold rings increased by VND 300,000 per tael compared to the previous trading session's close. The buying and selling price spread narrowed to VND 1-1.3 million per tael, depending on the brand.