On October 16, at some large gold and silver stores in Ho Chi Minh City, the number of customers coming to trade gold was quite busy. At a gold shop near Ba Chieu market (Binh Thanh district), many customers came to ask to buy gold rings but the staff said that they were only buying and not selling.
"I came here several times but couldn't buy anything. For the past month, almost all the big stores have been out of gold rings, now it's hard to buy gold" - Ms. Nguyen Thuy Hoai (living in Thu Duc City) shared.
Many people also reported difficulty in registering to buy SJC gold bars online. Mr. Quoc Hung (living in District 11) said: "I need to buy gold bars but in the past few days I have registered at many other branches of all 4 banks in Ho Chi Minh City but I have not been able to register."
On the afternoon of October 16, in Ho Chi Minh City, the selling price of SJC gold bars was 86 million VND/tael, and the buying price was 84 million VND/tael. Meanwhile, the price of 9999 gold rings exceeded 84 million VND/tael for selling and 83.13 million VND/tael for buying.
According to Associate Professor Dr. Nguyen Huu Huan - lecturer at Ho Chi Minh City University of Economics, SJC gold bars are a national brand but are difficult to buy and sell, which can reduce people's confidence.
Therefore, people have the mentality of not selling or if they need money, they are forced to sell gold, but they also bring it to the free market to trade at a higher price. Therefore, a solution is needed, otherwise it will be difficult to control the free market once it grows strong.
The State Bank of Vietnam, Ho Chi Minh City branch, said that the production of gold jewelry is a conditional business activity. Enterprises operating in this field must meet the conditions regarding location, facilities and necessary equipment for the production of gold jewelry...
In addition, there are other regulations such as labels, product quality, invoices, documents, taxes, product origin, etc. These are conditions and procedures according to the law, businesses need to strictly implement, ensuring transparency.
In the context of fluctuating world gold prices, which have a certain impact on the domestic market situation, businesses need to strictly comply with legal regulations in this field of operation, especially the invoice and document regime, origin of goods, ensuring transparent and effective operations, contributing to market stability and the overall development of the economy.
