Vietnamese Investors Face Huge Losses After Gold Price Plunge
Economy

Vietnamese Investors Face Huge Losses After Gold Price Plunge

A sharp decline in gold prices in Vietnam has led to significant losses for investors who bought at peak prices. One individual reportedly lost nearly 285 million VND (approximately $11,200 USD) after purchasing 10 taels of gold at 185 million VND per tael. Experts point to market exuberance and a lack of risk awareness.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • Panama Ready to Serve as Gateway Connecting Vietnam to Latin American Economies

    Panama's President, during an official visit to Vietnam, expressed readiness for Panama to become a 'gateway' connecting Vietnam to Latin American markets, aiming to strengthen bilateral trade and investment. This signals potential for deepened economic cooperation.

  • Hanoi Giftshow 2026 Opens Doors for Handicrafts and Fine Art Products

    The Hanoi Giftshow 2026, scheduled for October 8-11, will feature 500 booths from 230 businesses, cooperatives, and production facilities. The event aims to boost exports and international business exchange through the exhibition and promotion of handicrafts, fine art products, and gifts, with an emphasis on digitalization and the integration of online and offline channels.

  • Ca Mau, WB Cooperate in Sustainable Fisheries Development

    Ca Mau Province in southern Vietnam is partnering with the World Bank to combat Illegal, Unreported, and Unregulated (IUU) fishing and promote sustainable fisheries. The province is also accelerating digital transformation and improving administrative services, aiming to export fishery products that meet international standards.

  • Vietnam Reveals Cases of 4,000 Individuals Whose Personal Information Was Misused for Business Registration

    Vietnam's Ministry of Finance announced that approximately 4,000 individuals had their personal information misused to establish businesses without their knowledge. This initiative is part of a "tax code cleanup" campaign aimed at eradicating fraudulent business registrations.