Recently, the Domestic Market Management and Development Department coordinated with the Vietnam Commodity Exchange (MXV) and related businesses and banks to organize a meeting to discuss listing and operating transactions for silver bars.
The meeting was attended by leaders of the Vietnam Goods Exchange, representatives of gold, silver, and gemstone businesses (Phu Quy, Bao Tin Manh Hai, Bao Tin Minh Chau, SBJ, Digi Invest) and Vietnam Maritime Commercial Joint Stock Bank - entities directly involved in the supply chain, depository and transaction operation for silver.
Speaking at the opening, Director of the Domestic Market Management and Development Department Tran Huu Linh said that the demand for silver transactions in the market has tended to increase in recent times, especially in the context of strong fluctuations in domestic and world silver prices, large fluctuations and difficulties to predict. Researching and considering listing silver on the Vietnam Goods Exchange is necessary to gradually standardize transaction activities. However, the implementation needs to be comprehensively assessed, ensuring the requirements of transparency, system safety and the rights of market participants.
According to assessments, on the international market, silver prices have recently increased according to the general trend of precious metals. Notably, at one point the world silver price set a new high, reaching nearly 108.6 USD/ounce (January 26, 2026). In the domestic market, silver bar prices have also been continuously adjusted, at one point exceeding the 111 million VND/kg mark, reflecting the increasing interest of people and investors.
Reality shows that silver trading activities in Vietnam are currently mainly carried out in the form of direct physical transactions, through agreements between parties. This model is still fragmented, lacks a centralized price formation mechanism, has not been standardized in terms of information and commodity standards, and lacks risk prevention tools. In the context of strong price fluctuations, this poses risks for people, investors and businesses, and also poses requirements for state management.
On that basis, the study of bringing silver into trading on the Vietnam Goods Exchange is aimed at organizing the market in a focused, public, and transparent direction; forming a unified reference price mechanism; providing tools to prevent price fluctuations risks; and at the same time contributing to standardizing trading activities and promoting the development of the commodity market in a modern direction, approaching international practices.
At the meeting, representatives of the Vietnam Goods Exchange reported on the transaction organization plan, the mechanism for receiving silver bars and clearance payments. The listing of silver items on the Goods Exchange will be divided into 2 phases. The first phase will pilot listing on the domestic market and physical transactions, when the market operates stably, it will be interconnected with regional and world commodity exchanges.
According to gold and silver businesses (Phu Quy, Bao Tin Manh Hai, Bao Tin Minh Chau, SBJ, Digi Invest), companies are committed to ensuring production capacity and will coordinate to implement regulations related to goods delivery, however, currently, supply still mainly depends on imports.
Representatives of Vietnam Maritime Commercial Joint Stock Bank, the unit expected to participate in providing depository services, reported on the conditions of facilities, storage systems and safety assurance plans during the safekeeping of silver bars. The bank is committed to being ready to quickly expand according to market demand.
The management agency also emphasized that the introduction of silver into trading on the Goods Exchange needs to be considered carefully, based on a full assessment of socio-economic impacts, market impacts and management requirements. At the same time, it is necessary to study and establish appropriate risk management mechanisms such as regulations on trading position limits, control of speculative activities, ensuring system safety and market stability.
This content will continue to be researched and consulted with ministries, sectors, experts, businesses and related entities to ensure harmony between market development goals, macroeconomic stability and the legitimate rights of participating parties.
