June 1, 2024

Vietnam gold price plummets on new State Bank price strategy

Gold was trading at US$2,684.20 per troy ounce in Vietnam on Saturday. Conversely, on the world market gold trading at US$2,327.36. The difference of US$356.84 or 13.29 percent is markedly lower than it was earlier this year when gold in Vietnam topped US$2,910.58 per troy ounce which was, at the time, about 20 percent higher than the world gold price.

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Major digital payments provider announces end to e-wallet services

Moca grew in popularity when it became available to users of ride-hailing app, Grab. However, the proliferation of other means of instant payments, in particular bank transfers through the National Payment Corporation of Vietnam–or NAPAS–system via QR codes has made e-wallets no longer as useful as they once were.

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