National asset funds rush to buy gold
Krishan Gopaul - senior analyst for EMEA at the World Gold Council - said that the National Oil Fund of the Republic of Azerbaijan (SOFAZ) has purchased 16 tons of gold in the second quarter of 2025.
This raises SOFAZs total net gold purchases in the first half of the year to 35 tons, bringing its total holdings to 181 tons (equivalent to nearly 29% of the funds total portfolio), he said.
According to its investment policy, the national asset fund has now reached the allowable ceiling for gold.
SOFAZ is very active in the gold market, with purchases surpassing most central banks this year.
To date, only Poland has bought more gold than SOFAZ in the first half of the year, when it raised its official reserves by 67.2 tons as of May.
The People's Bank of China has also been buying gold continuously for the past 9 months, but the total purchase in the first half of the year reached only 16.9 tons as of May. See more...
Enterprises stabilize orders, expand export markets
The whole country has 33 petroleum traders
The Domestic Market Management and Development Department (Ministry of Industry and Trade) has just announced the List of unit petroleum traders until July 23, 2025.
The list includes 33 unit petroleum traders, including 4 unit traders who only sell aviation fuel and 2 manufacturing traders.
The list of petroleum traders includes major names such as: Vietnam National Petroleum Group (Petrolimex), Ho Chi Minh City Petroleum Company Limited, Vietnam National Petroleum Corporation (PV Oil), Military Petroleum Corporation, Thanh Le Import-Export Trading Corporation, Dong Thap Petroleum Trading Joint Stock Company, Military Petrochemical Joint Stock Company, Nam Song Hau Petroleum Investment Trading Joint Stock Company... See more...
After the arrangement, the total state budget revenue estimate in Ho Chi Minh City is 697,395 billion VND
On July 24, the Ho Chi Minh City People's Council held the second session of the 10th term at the Binh Duong Exhibition Convention Center (Binh Duong Ward, Ho Chi Minh City).
At the conference, the Ho Chi Minh City People's Committee submitted a report on the state budget revenue and expenditure estimate in the area and the local budget allocation plan for 2025 of Ho Chi Minh City.
Accordingly, the total estimated state budget revenue in the city in 2025 after the arrangement is 697,395 billion VND. Of which, the old Ho Chi Minh City was VND 520,425 billion, accounting for 74.6%; the old Ba Ria - Vung Tau was VND 102,650 billion, accounting for 14.7%; the old Binh Duong was VND 74,320 billion, accounting for 10.7%.
Regarding budget collection results, in the first 6 months of the year, Ho Chi Minh City achieved and exceeded the assigned estimate. Accordingly, Ho Chi Minh City collected VND 371,978 billion, reaching 55.4%. See more...
