WGC: Vietnam is world's seventh largest gold consumer
The World Gold Council (WGC) ranked Vietnam as the world's seventh largest gold consumer last year, with 69.1 tonnes worth US$2.817 billion, a year-on-year decrease of 29% in volume and 36% in value.
The World Gold Council (WGC) ranked Vietnam as the world's seventh largest gold consumer last year, with 69.1 tonnes worth US$2.817 billion, a year-on-year decrease of 29% in volume and 36% in value.
Of the total, gold jewellery accounted for 12.7 tonnes worth US$519 million, up 4% in volume but down 8% in value compared to 2013. Meanwhile, the consumption of gold bars and coins reached 56.4 tonnes worth US$2.298 billion, down 33% in volume and 40% in value against 2013.
WGC also reported that global gold consumption reached 3,216.6 tonnes last year, a year-on-year decline of 22%.
India remained the world's top gold consumer in the fourth quarter of 2014 with 223.2 tonnes, up 2% against the same period of 2013. It was followed by China (excluding Hong Kong and Taiwan) with 183.5 tonnes (down 28%), Japan, Indonesia, the Republic of Korea (RoK) and Thailand.
Heavy rain flooded streets and apartment basements in central Vietnam's Nghe An Province on September 19, leaving vehicles partly submerged as water...
HCM City will conduct surprise inspections of food businesses following risk warnings or public complaints, while stepping up scrutiny of online food...
Residents of a high-end residential estate on the outskirts of Hanoi have been battling severe flooding for days, with some homes still surrounded by...
Tourists have been advised to postpone or limit trips to Tam Dao after prolonged heavy rain triggered landslides along mountain roads in the popular...
A first-year university student is feared to have been swept away by floodwaters after riding a motorbike through a deeply flooded street in Hanoi on...
Authorities have recovered 17 more sets of soldiers' remains at Le Thi Rieng Park in Ho Chi Minh City, bringing the total number found at the site to...
