
Gold Prices on August 28: Slight Increase Amid a Flat Global Market
On August 28, the gold market reflected two contrasting trends: while domestic gold prices in Vietnam continued to edge higher, international gold prices remained largely flat.

On August 28, the gold market reflected two contrasting trends: while domestic gold prices in Vietnam continued to edge higher, international gold prices remained largely flat.

Against this backdrop, the Ministry of Finance has proposed reducing the export tax on gold jewelry and fine art items from 1% to 0%. This adjustment, which falls within the allowable 0%–10% tax bracket under the Law on Import and Export Duties, is expected to take effect immediately upon issuance

Vietnam’s gold market is experiencing unprecedented volatility as SJC bullion officially set a new record at VND 125.6 – 126.6 million per tael during the trading week of August 18–24, 2025.

On August 22, 2025, the Vietnamese stock market closed a highly volatile session as the VN-Index plunged 42.57 points, ending at 1,645.47 points. Liquidity on HoSE reached nearly VND 62.14 trillion, indicating strong capital flows but also reflecting heightened selling pressure and risk aversion.

On August 18, 2025, Vietnam’s gold market witnessed an unprecedented milestone as the price of SJC gold bars officially hit 125 million VND per tael the highest in history.

Vietnam's footwear exports reached $9.76 billion in just five months of 2025, with $3.5 billion from the U.S. alone. The country now ranks second globally, leveraging FTAs and market expansion to rival China.

Silver prices in Vietnam have skyrocketed by more than 41%, closely following gold’s rally, and signaling a renewed interest from retail and institutional investors alike.

Vietnamese auto parts supplier DFC hits a historic share price high and announces a cash dividend of VND 3,240/share—its highest payout in 5 years—backed by strong revenue and profit growth in 2024.

Vietnamese households have deposited over VND 7.46 million billion in banks as of March 2025—a record-high, signaling strong savings behavior amid low interest rates and rising credit growth.