In February and March 2009, when the gold price soared to 18-19 million per tael, a lot of people borrowed gold and sold it for cash, hoping that the gold price would have dropped by the time they had to purchase gold to pay debts. Tuyet Huong, the owner of Hoa Tra Mi Spa Shop [...]
VietNamNet Bridge – The gold market has never been so hot before, as Vietnamese small investors seek a ‘safe haven’ for their savings. The domestic gold price climbed to 20.63 million dong per tael on May 22, and then to 20.71 million dong per tael on May 23, unimaginably high levels. The market has been in [...]
