MatchPoint Times

Home

Soaring gold price a crushing weight in Vietnam

Cover Image for Soaring gold price a crushing weight in Vietnam

Despite a recent boom in real estate and cryptocurrency investment, many Vietnamese families still see physical gold as the safest place to park their savings.

HANOI: From his newly built three-storey home outside Hanoi, Trinh Tat Thang has watched the surging global gold price with mounting dread.

The Vietnamese have a long tradition of holding their wealth in gold, and a parallel practice of borrowing the asset from relatives to build homes, rather than cash from a bank.

But the debt must be repaid in gold.

Tags:goldgold pricesmortgagesavingstraditionVietnamweddings


High Court throws out Mahajoth’s bid to quash MACC notices

Court rules that the notices issued to the lawyer of controversial businessman Albert Tei fall within the scope of MACC’s statutory powers.

🟡Faisal Asyraf

Rafizi sedia minta kes serangan anak ditutup jika tiada perkembangan

Ahli Parlimen Pandan itu masih memberi ruang kepada siasatan polis yang bermula sejak Ogos tahun lalu.

🟡FMT Reporters