Under a strategic partnership between Vingroup, Vinhomes and several jewellery and precious metals companies, customers will be able to convert gold into cash to purchase Vinhomes properties, while retaining the option to convert the value back into gold in the future.
Illustrative photo by Vinhomes.
The programme will run for five years and is designed to ensure transparency in asset valuation and customer benefits through the involvement of gold and gemstone trading firms.
Customers holding idle gold assets can exchange their gold for cash to buy Vinhomes properties. After five years, depending on investment returns and individual demand, buyers may choose either to retain ownership of the property or receive an amount equivalent to 110 per cent of the gold value originally converted into the purchase.
Under the scheme, customers would effectively receive a 10 per cent return on the original gold value used in the transaction.
All conversions between gold and cash, or cash back into gold, will be handled through participating jewellery and precious metals companies to ensure legal verification of the gold and safeguard asset values for customers.
To qualify, customers must have owned the gold before April 25. The converted gold value must account for at least 80 per cent of the property price, while the remaining balance can be paid in cash and converted into gold based on the exchange rate at the time of transaction.
During participation in the programme, customers may transfer the property purchase agreement or the property itself, with the new owner inheriting the programme’s benefits. Vinhomes and participating gold companies said they would support all related procedures.
According to Vinhomes, the programme is intended to provide investors with a safer way to preserve assets while still taking advantage of opportunities in the real estate market.
The company said the initiative could also help improve liquidity in Vietnam’s property sector while contributing to efforts to mobilise idle gold resources held by the public, supporting more efficient capital flows and economic growth.
