24h Economy: Silver market is bustling, many people find it difficult to buy

Phương Anh |

The silver market is bustling, many people find it difficult to buy; The Yen skyrocketed, reaching the highest level in 2 weeks... are notable economic news in the past 24 hours.

Silver market is bustling, many people find it difficult to buy

Recorded by a reporter from Lao Dong Newspaper on October 17, the domestic price of plain round gold rings and gold bars increased sharply. Meanwhile, silver prices also broke out.

At some silver shops in Hanoi, many people rushed to buy after unable to buy gold. However, they continue to face difficulties due to the sudden increase in the number of people looking to buy silver, causing many stores to be overloaded.

Nhieu cua hang bac het hang, nguoi dan gap kho khi co nhu cau mua. Anh: Phuong Anh
Many stores are out of stock, making it difficult for people to buy when they have a need to buy. Photo: Phuong Anh

On Tran Nhan Tong street, Ms. Nguyen Hanh Nhi (Hoan Kiem ward, Hanoi) - a customer who wants to buy silver - shared: "I have a habit of taking a part of my monthly income to buy 1-2 taels of gold as savings, but recently it has been very difficult to buy gold. Seeing the increase in silver prices, I switched to buying silver, but silver is not easy to buy at all at the moment".

Ms. Nhi added that many people lined up from 6am to wait for silver shopping vouchers, but in a short time the shop announced that it was out of stock and temporarily stopped selling. See more...

Yen Soars, Hits 2-Week High

The Japanese Yen (JPY) continued to increase in price in the Asian trading session on October 17, marking a series of four consecutive days of upward movement and reaching a two-week high, as the US Dollar (USD) weakened widely.

Dong Yen tang manh, vuot dinh 2 tuan. Anh: Phuong Anh
The Yen increased sharply, surpassing the 2-week peak. Photo: Phuong Anh

Risk-off sentiment is engulfing the global financial market as US-China trade relations continue to strengthen. Both countries have just imposed additional port fees on each other's vessels, after the US expanded technology restrictions and China tightened control of rare earth exports.

This development raises concerns about a full-scale trade war, causing investors to seek safe-haven assets such as the Yen. See more...

Before October 20, the buffalo brooms have hunted for flowers to give to loved ones at the largest fresh flower market in Ho Chi Minh City

HCMC - Near October 20, many people personally went to Ho Thi Ky fresh flower market to choose flowers and give to women during a meaningful holiday. Video: Quynh Nhu - Duong Anh

Over 2.2 billion USD exported from shrimp, shrimp capital aims for ecological model

According to the Department of Agriculture and Environment of Ca Mau, by the end of 2025, the province will have a total shrimp farming area of about 417,992 hectares, accounting for over 55% of the country's shrimp farming area. Shrimp output reached about 565,000 tons, equivalent to 45% of total national shrimp output, with an export turnover of more than 2.2 billion USD. This is an important foundation for the province to focus on investing in developing the shrimp industry into a key national and international industry.

Mo hinh tom lua Ca Mau. Anh: Nhat Ho
Ca Mau rice shrimp model. Photo: Nhat Ho

Shrimp production models in Ca Mau are diverse, including: ecological shrimp under forest canopy (37,000 ha), shrimp - rice (93,000 ha), intensive shrimp (21,900 ha) and technology super intensive shrimp over 10,000 ha. See more...

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Many people have difficulty buying silver because businesses limit the number of sales or temporarily suspend transactions due to high demand.

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Silver price fluctuations on October 17: Continue to increase in both domestic and international markets.

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