the price of gold fell by VND220,000 per tael against the previous day as seen in Hanoi’s Bao Tin Minh Chau Company which reported its gold trading at VND19.55-19.61 million per tael. Unlike the previous days when a large number of people rushed to sell their gold, there was almost no transaction on February 25. The sharp reduction in domestic gold prices was due to the fact that the world gold price fell by US$10 per ounce on February 25. Also, on February 25, the rate of the US dollar in the free market was down to VND17,200 per dollar. In shops on Ha Trung street, the rate was listed at VND17,680-17,720 per dollar, down VND10 compared to February 24. On the inter-bank market, the price of the USD is stable. On February 25, the central bank listed the inter-bank rate market at VND16,973 per dollar, increasing by only VND2 per dollar against February 24. At Vietcombank, a dollar cost VND17,482, also up VND2 per dollar against the previous day. The Governor of the State Bank of Vietnam, Nguyen Van Giau, said that the Government had no plans to adjust the current foreign exchange rate as the central bank had the capacity to balance supply with the demand for US dollars.

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