Prime Minister Pham Minh Chinh is pushing for the urgent construction of a strategic crude oil reserve storage facility in Nghi Son, Thanh Hoa, to enhance national energy security, mitigate supply risks, and boost the efficiency of the Nghi Son refinery.
The Vietnamese dong weakened against the U.S. dollar, with Vietcombank selling USD at VND26,360 and the State Bank of Vietnam raising its reference rate to VND25,105.
Saigon Jewelry Company gold bar prices jumped 1.32% to VND177.2 million per tael, maintaining a significant premium over global rates. Global gold prices also rose, supported by a weaker dollar and geopolitical developments.
Vietnamese gold prices (SJC bars and gold rings) narrowed morning gains but remained up 1.03% daily, while global spot gold continued its three-day rally, rising 1% amid easing Middle East tensions and a shift in focus to economic downturn risks.
VnExpress International - Business
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.