24h Economy: Gold prices may increase sharply thanks to a new wave of public debt from the US

Phương Anh |

Gold prices may increase sharply thanks to a new wave of public debt from the US; Vingroup stocks help stocks continue to flourish... are notable economic news in the past 24 hours.

Gold prices could surge thanks to a new wave of public debt from the US

According to analysts at the World Gold Council, gold prices will benefit from the soaring budget deficit and the growing financial instability of the US, even if no crisis occurs in the short term.

Gia vang duoc du bao huong loi trong boi canh no cong va rui ro tai khoa cua My gia tang. Anh: Phan Anh
Gold prices are expected to benefit amid rising US public debt and fiscal risks. Photo: Phan Anh

With the so-called Big Beautiful Bill passed, the US is facing an additional $3,400 billion in debt over the next decade and the debt ceiling could rise by another $15,000 billion, unless the Trump administration can realize ambitious growth forecasts.

In addition, Elon Musk's launch of the "American Party" and the tense political landscape, financial and political risks are piling up." See more...

Buying Vietlott lottery on the day of giving birth, a worker won more than 16 billion VND

Vietnam Electrical Lottery Company (Vietlott) presented the Power 6/55 Power Lottery Jackpot with the QSMT period No. 01210 to Mr. N.H.T with a prize value of more than 16 billion VND.

Anh N.H.T nhan giai Jackpot 2 xo so tu chon Power 6/55 ky QSMT so 01210. Anh: Vietlott
Mr. N.H.T received the Power 6/55 QSMT draw with lottery draw Jackpot No. 01210. Photo: Vietlott

Through checking the lottery business data system and the attached personal records, Vietlott determined that Mr. N.H.T was the winner of the Power 6/55 Power Slot 2 Slot Slot Slot with QSMT No. 01210 worth VND 16,003,987.500. Mr. N.H.T, a Viettel subscriber, bought tickets on Vietlott's phone distribution channel (Vietlott SMS support application) and registered to participate in the prize in Ho Chi Minh City. See more...

Vingroup shares help stocks continue to flourish

Investor psychology in the stock market is still very excited, FOMO cash flow flows are strong, buying orders are always ready to be put in and are still a support for any correction in the session. Along with that, net cash flow from foreign investors is also a fulcrum to help the indicators reach new highs.

Thi truong chung khoan dang co chuoi tang diem an tuong. Anh: Le Toan
The stock market is having an impressive increase streak. Photo: Le Toan

At the end of the trading session on July 10, the VN-Index increased by 14.32 points to 1,445.64 points. The total trading volume reached more than 1,129.8 million units, worth VND 27,645.2 billion. Although there is a slight decline in liquidity, the VN-Index score still shows the overall confidence and excitement of investors.

Vingroup's home equities group is the main driving force for VN-Index's scores in today's session, with VIC and VHM codes contributing a total of more than 10 positive points. See more...

Tax money from online business flows strongly into the budget

According to information from the Tax Department (Ministry of Finance), in the first 6 months of 2025, organizations and individuals doing business on e-commerce platforms and online channels paid about VND 98,000 billion in taxes, an increase of 58% over the same period last year.

Thu thue thuong mai dien tu tang manh trong nua dau nam 2025. Anh: Luc Giang
E-commerce tax revenue increased sharply in the first half of 2025. Photo: Luc Giang

Notably, 1,474 traditional business households have converted to enterprises in the first half of the year. In June alone, 910 cases were recorded, accounting for nearly 2/3 of the number of households converting. This is a signal showing the effectiveness of policies to encourage upgrading business models and improving tax compliance. See more...

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TIN LIÊN QUAN

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Updated gold price at the end of session 10.7: All increased in price

Khương Duy |

Updated gold price at the end of session 10.7: All increased in both domestic and international markets.

Gold prices remain strong as the FED continues to sentence soldiers to stagnation

Phan Anh |

Gold prices are anchored above $3,300/ounce as the June meeting minutes of the US Federal Reserve (FED) show that the agency remains neutral.

Thousands of billions of dollars in new US debt will push gold prices up

Thạch Lam |

Gold prices may continue to rise due to increased US public debt and financial instability. Global investors seek gold as a safe haven.