24h Economy: Gold prices escalate, people find it difficult to buy

Phương Anh |

Gold prices are escalating, making it difficult for people to buy; Traditional flower shops are sluggish, online flower shops are flourishing before October 20... are notable economic news in the past 24 hours.

Gold prices escalate, people find it difficult to buy

Recorded by Lao Dong reporter on October 15, the domestic price of plain round gold rings and gold bars increased simultaneously.

At gold shops in Hanoi, people's purchasing power is still high. Many points have temporarily stopped selling, but people are still waiting in long lines in the hope of buying gold bars or gold rings. Meanwhile, many people choose to leave because it is too difficult to buy.

Nhieu nguoi lua chon bo ve vi vang qua kho mua o thoi diem nay. Anh: Linh Trang
Gold prices have increased, many people choose to leave because gold is too difficult to buy at this time. Photo: Linh Trang

On Tran Nhan Tong street (Hanoi), Mr. Ta Van Huan (Cua Nam ward, Hanoi) shared: "Last October, when the price of gold was about 85 million VND/tael, I bought 2 taels of gold rings. At that time, there were also many people lining up. Now the situation is still the same, I am still waiting but not sure if I can buy or not, because the store staff has announced that they will temporarily stop selling".

Mr. Huan added that if he continues to cannot buy gold, he will switch to looking for other products to store assets. See more...

The Ministry of Finance believes that it is not appropriate to remove VAT and apply an electricity price

Lam Dong voters sent a petition to the Ministry of Finance on abolishing value-added tax (VAT) on electricity prices and applying the "one-priced electricity" mechanism to ensure fairness for users.

Bo Tai chinh cho rang viec bo thue GTGT va ap dung co che mot gia dien la chua phu hop. Anh: EVN
The Ministry of Finance believes that eliminating VAT and applying an electricity price mechanism is inappropriate. Photo: EVN

On October 15, on the Ministry of Finance's electronic information portal, the Ministry responded to this issue.

The Ministry of Finance believes that the proposal is not suitable in the context that electricity is a special commodity, subject to strict regulation by the State.

The Ministry of Finance said that according to current regulations, electricity is subject to VAT with a tax rate of 10%. The current Law on VAT has three tax rates of 0%, 5% and 10%, of which 0% is applied to exported goods and services; 5% to essential goods for life or agricultural output; and 10% to other common goods and services.

The current law does not stipulate the exemption or reduction of VAT on electricity, so the proposal to abolish VAT on this item has no legal basis. See more...

Traditional flower shops are sluggish, online flower shops bloom before October 20

Hanoi - There will be nearly a week until October 20 when traditional flower shops will be deserted, while online flower shops will be in high demand. Video: Huyen Trang - Trang Anh

Lang Son prosecuted 99 cases of smuggling and trade fraud in the third quarter of 2025

According to the Report of Steering Committee 389 of Lang Son province, in the third quarter of 2025, the situation of smuggling and illegal transportation of goods across the border will be basically controlled, preventing prolonged hot spots.

However, there is still a phenomenon of some subjects secretly transporting and smuggling frozen food through border trails; commercial fraud in import-export, domestic business and e-commerce is still complicated.

Lang Son kiem soat chat che tinh trang buon lau, gian lan thuong mai. Anh: DVCC
Lang Son strictly controls the situation of smuggling and trade fraud. Photo: DVCC

As a result, in the third quarter of 2025, the authorities inspected and handled 1,265 violations related to smuggling, trade fraud, counterfeit goods, and banned goods. See more...

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Domestic gold prices increase, many people leave because it is difficult to buy

Phương Anh |

On October 15, domestic gold prices continued to increase. In Hanoi, many people are looking to buy gold rings but have to leave because it is difficult to buy.

Silver prices drop, many people are looking to buy but stores stop selling

Phương Anh |

On October 15, silver prices fell. Many people go to stores to buy but cannot make transactions because the business unit limits sales.

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