May 29, 2025

Precious stones & metals: Vietnam imports down 11.34 percent in April

Vietnam’s imports of precious stones, precious metal, and articles thereof reached US$80.67 million in April 2025, according to figures released by Vietnam’s General Department of Customs. This represents a decrease of 11.34 percent compared to March, with a year-to-date (YTD) import value of US$309.78 million.

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Gold: Vietnam GS calls for end to state monopoly on gold bars

Vietnam’s General Secretary To Lam has called for an end to the state monopoly on gold bar production, urging a shift toward a “controlled and planned market” model that allows qualified enterprises to produce gold bars under state oversight, VN Express has reported. The move comes after a decade of State Bank monopoly over gold bar production, which has led to market distortions, a reduction in trading points, and restricted raw material supply.

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