SJC

SJC faces heightened regulatory scrutiny as the Ministry of Industry and Trade schedules inspections of 5 jewelry firms in Hanoi for August, targeting money laundering compliance. The move follows a police investigation into a diamond smuggling ring allegedly using SJC's certification to launder over 500 billion dong worth of diamonds. The inspections could disrupt operations and increase compliance costs for SJC and the broader jewelry sector.

SJC gold bars fell 0.54% to VND146.2 million per tael, while global spot gold dropped below $4,000 for the first time since November 2025. The decline is driven by a hawkish Fed, a surging dollar at 13-month highs, and lower inflation expectations, pressuring precious metals.