24h Economy: Gold price increases, sellers, people waiting to buy

Phương Anh |

Gold prices increase, sellers wait to buy; Foreign investors withdraw strongly in the first quarter, the Ministry of Finance speaks out; Purple onions prices decrease... are notable economic news in the past 24 hours.

Gold prices soar, sellers, people wait to buy

Recorded by Lao Dong reporter on April 3, the domestic price of plain round gold rings and gold bars increased dramatically.

At some gold shops on Cau Giay Street (Hanoi), people's demand for gold rings is increasing. Many people are willing to wait for hours to buy gold rings.

Gia vang tang, nhieu nguoi cho mua vao, nhieu nguoi tan dung co hoi de ban ra chot loi. Anh: Phuong Anh
Gold prices have increased, many people are waiting to buy, many people are taking advantage of the opportunity to sell to make a profit. Photo: Phuong Anh

Mr. Nguyen Van Quan (Bac Tu Liem District, Hanoi) - a customer who came to buy gold rings at a gold shop on Cau Giay Street, Hanoi - said: "In recent days, most stores have limited the quantity of gold rings sold. Today, the staff announced that each customer can buy a maximum of 5 taels. I have been here since 10am and have not yet been able to make a transaction and am still trying to wait". See more...

Purple onion prices drop sharply, Duyen Hai farmers face difficulties

Purple onion prices in coastal areas of Duyen Hai have dropped sharply, causing difficulties for onion growers. Local authorities are making efforts to find solutions for consumption. Video: Hoang Loc

Foreign investors withdraw sharply in the first quarter, Ministry of Finance speaks out

In just the first 3 months of 2025, the Vietnamese stock market witnessed an unprecedented period of "discharge". In the first quarter of 2025, foreign investors net sold approximately VND26 trillion, equivalent to more than 1 billion USD, withdrawn from the Vietnamese stock exchange. This net selling force is equivalent to 20% of the total net selling value for the whole year of 2024 and is almost equal to the whole year of 2023.

Khoi ngoai ban rong xap xi 26.000 ti dong tren thi truong chung khoan trong quy I/2025. Anh: Le Toan
Foreign investors net sold approximately VND26,000 billion on the stock market in the first quarter of 2025. Photo: Le Toan

At the press conference for the first quarter of 2025 organized by the Ministry of Finance on April 3, answering a reporter from Lao Dong Newspaper, Mr. Ha Duy Tung - Vice Chairman of the State Securities Commission - informed that in the morning trading session of the same day alone, the net selling value of foreign investors reached more than 3,000 billion VND.

Mr. Tung said: This morning's market was affected by the new tax policy of the Trump administration. This development may continue, depending on the implementation policy in the United States and the operational response in other countries, including Vietnam.

However, according to Mr. Ha Duy Tung, as of the end of February 2025, the total net selling value only accounted for about 1.9% of the foreign portfolio - which is considered a relatively small proportion. See more...

Distribution of agricultural products, not just stopping at increasing profits

In addition to producing in the right season, many farmers, with their own experience combined with the application of technical measures, have carried out off-season and off-season farming. This helps them increase the selling price of agricultural products but comes with many risks due to unfavorable weather. Most recently, the case of durian trees.

Mr. Nguyen Van Tai (Phong Dien district, Can Tho city) said that this year's durian crop, he worked half the crop earlier with the hope that durian would be sold at a high price. Due to the off-season crop, when the trees were in the flowering and bearing stage, they encountered continuous night rain for many days, reducing durian output by about 40%.

San xuat rai vu nong san thuong co nhieu rui ro do thoi tiet bat loi. Anh: My Ly
Scattered agricultural production often has many risks due to unfavorable weather. Photo: My Ly

Also facing the situation of heavy rain at night when making durian in the early harvest, Mr. Huynh Vania (Phong Dien district, Can Tho city) shared: "The period of durian preparing to bloom, when it rained for 3 days and nights, caused the loss rate to be nearly 100%, I had to re-work the second batch. The cost of care has increased. See more...

Phương Anh
TIN LIÊN QUAN

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Gold price increases, some take advantage of taking profits, others wait to buy

Phương Anh |

On April 3, domestic gold prices continued to increase. Recorded in Hanoi, while many people lined up to buy gold rings, many people chose to sell them to make a profit.

24h Economy: Many people in Ho Chi Minh City are looking to buy gold rings

Phương Anh |

Many people in Ho Chi Minh City are looking to buy gold rings; Yen can recover soon; Petroleum Price Stabilization Fund still has more than 6,067 billion VND... are notable economic news in the past 24 hours.

24h Economy: Gold price breaks new peak, banks raise forecast

Phương Anh |

Gold prices break the peak, banks raise forecasts; Reasons for social housing prices gradually reaching 25 million VND/m2; Coffee prices decrease... are notable economic news in the past 24 hours.