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Vietnam gold and currency markets face volatility
Vietnam's gold and currency markets have experienced significant volatility in late September 2026. Domestic gold prices, including SJC gold bars and various ring gold types, saw notable declines. SJC gold bars dropped to approximately 141.9–144.9 million VND/tael in some regions, while ring gold prices showed divergence among brands like DOJI, PNJ, and Bao Tin Minh Chau. Some investors face substantial losses due to the sharp decline from peak prices earlier in the year.
On the international front, global gold prices have faced downward pressure, trading around 4,300–4,377 USD/ounce. This decline is attributed to a strengthening US Dollar and rising Treasury yields, driven by market expectations that the Federal Reserve may continue tightening monetary policy. Geopolitical tensions in the Middle East remain a factor influencing market sentiment.
Simultaneously, the Vietnamese Dong has faced pressure as the State Bank of Vietnam announced a central exchange rate increase. The USD/VND exchange rate has trended upward, with the central rate reaching 25,640 VND/USD, reflecting broader trends in the US Dollar Index (DXY).
Entities
Bao Tin Minh Chau · Doji · Federal Reserve · Kitco · PNJ · Phú Quý · SJC · State Bank of Vietnam · Vietnam
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] International spot gold prices on the Kitco exchange fluctuated between 4,374 and 4,378 USD per ounce.
- [○ 1 SOURCE] The price difference between domestic and international gold is 9.4 million VND per tael.
- [○ 1 SOURCE] SJC listed SJC gold bars at 144.6 million VND/tael for buying and 147.6 million VND/tael for selling.
- [○ 1 SOURCE] Bảo Tín Minh Châu listed gold at 143.6 million VND/tael for buying and 147.6 million VND/tael for selling.
- [○ 1 SOURCE] DOJI listed gold rings at 144 million VND/tael for buying and 148 million VND/tael for selling.