24h Economy: Gold bars are difficult to buy, people switch to gold rings

Phương Anh |

Gold bars are difficult to buy, people switch to gold rings; Forecast of gasoline prices... are notable economic news in the past 24 hours.

Gold bars are hard to buy, people switch to gold rings

On August 27, many people were still flocking to large gold shops such as SJC and Mi Hong to buy gold. Many people have to wait for hours to get their turn to trade, the parking lot of the stores is also overloaded.

Nhu cau mua vang mieng tai TPHCM van o muc cao. Anh: Ha May
The demand for gold bars in Ho Chi Minh City is still high. Photo: Ha May

At Mi Hong store, Ms. Nguyen Son (residing in Gia Dinh ward) said she had been there since 7am and had to wait a long time to buy 1 tael of gold ring. "Although I have to queue up, each customer can only buy 1 tael of gold ring, and the gold bars are out of stock" - Ms. Son shared.

At the SJC center on Nguyen Thi Minh Khai Street, the situation was similar. Although there are customers selling, the demand for buying remains high. Here, each customer can only buy a maximum of 1 tael of gold bars and 1 tael of gold rings. See more...

Forecast of gasoline prices in this afternoon's operating session

According to the Ministry of Industry and Trade, the world petroleum market from August 14, 2025 to August 20, 2025 is affected by main factors such as: US crude oil inventories decreased more strongly than forecast; the military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices in recent days to fluctuate up and down depending on each commodity.

Du bao trong phien dieu hanh gia chieu nay, gia xang co the se tang. Anh: Tuyet Lan
It is forecasted that in this afternoon's price adjustment session, gasoline prices may increase. Photo: Tuyet Lan

According to Mr. Doan Tien Quyet, data analysis expert of the Vietnam Petroleum Institute (VPI), in this week's price adjustment session, the retail price of E5 RON 92 gasoline may increase by 487 VND (2.5%) to 19,947 VND/liter, while RON 95-III gasoline may increase by 221 VND (1.1%) to 20,311 VND/liter.

VPI's model predicts that in this period, retail oil prices will continue to decrease, specifically kerosene prices may decrease by 1.6% to VND 17,534/liter, diesel may decrease by 1.5% to VND 17,632/liter, and mazut may decrease by 1.5% to VND 15,039/kg. See more...

Accelerating the construction of a 300 billion VND anti-erosion embankment on the banks of the Red River in Lao Cai

Lao Cai - The anti-landslide embankment along the Red River (Cam Duong Ward) with an investment of 300 billion VND is urgently speeding up the construction progress. Video: Dinh Dai

Strong foreign net selling puts pressure on the stock market

Entering the trading session on the morning of August 27, profit-taking pressure appeared in the Vingroup pair, causing these two stocks to turn down more than 1.7%, along with the decline of some bank stocks such as VPB and LPB, putting pressure on the market. However, very quickly, the market found a new lifebuoy, which was VCB.

Khoi ngoai dang gia tang suc ban rong tren thi truong chung khoan. Anh: Le Toan
Foreign investors are increasing their net selling power in the stock market. Photo: Le Toan

However, the strong selling pressure from both domestic and foreign investors in the afternoon session caused the market's increase to narrow significantly.

At the end of the session on August 27, the VN-Index increased by 5.15 points to 1,672.78 points. The value of matched orders on HoSE reached about 44,500 billion VND.

Foreign investors returned to strong net selling with VND4,190 billion in the whole market. On HoSE alone, foreign investors net sold about VND4,061 billion. See more...

Phương Anh
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