VND/JPY Price & Performance (VNDJPY)

Domestic gold prices in Vietnam saw a slight decline this morning, with SJC and Doji adjusting their rates for 9999 gold rings downward by 300,000 VND per tael. The global gold price also dipped to $3,023.4 per ounce. Speculators are reportedly capitalizing on the market's fluctuations.1

Recent land auctions in An Thi district, Hung Yen, recorded a dramatic drop in winning bids, with the highest price at 56.2 million VND per square meter. This marks a steep decrease compared to last month's peak of 120 million VND per square meter, highlighting a cooling trend in the market.2

The southern area of Hai Duong City is experiencing both development and stagnation. Projects like Aeon Hai Duong are driving interest, yet rumors and shifting focus to other regions are causing some investors to offload properties at reduced prices, reflecting uncertainty in this market.3