Vietnam’s newly issued Decree 340e/2025/NĐ-CP on gold trading management is being hailed by experts as a necessary step to restore order in the precious metals market, even as misinformation about the law has triggered public unease and stirred an unexpected surge in silver demand.

VOV.VN - SJC gold bars reached new peaks on the morning of October 6, trading near VND140 million per tael as global bullion prices surpassed US$3,900 an ounce for the first time.

VOV.VN - On the morning of April 18, domestic gold prices surged by 2 million VND per tael, reaching a new peak of VND 120 million per tael, the highest ever, despite a decline in global gold prices.

VOV.VN - The price of gold rings in Vietnam rose by VND300,000 on October 12 to reach VND82.9 million per tael, driven by rising global prices, according to local media reports.

VOV.VN - The price of gold rings in Vietnam rose by VND1 million on September 25 morning to reach a record high of VND82.5 million per tael, driven by rising global prices, according to local media reports.

Vietcombank has become the first bank in Vietnam to stop offering SJC-branded gold bars on its website and sell them through its banking app from August 27.

VOV.VN - The State Bank of Vietnam (SBV) announced on July 30 a direct selling price of SJC gold bars to four State-owned commercial banks and Saigon Jewelry Company (SJC) at VND78 million per tael, down VND500,000 compared to the previous week.

Long queues of gold buyers were no longer seen in front of designated sites of four State-owned commercial banks on June 17 morning.

Vietcombank has launched an online service for customers to register to purchase SJC gold bars directly on its website – and gold will only be sold to those who register online.

The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.