SJC gold bars are displayed for sale in Hà Nội. — VNA/VNS Photo Trần Việt
HÀ NỘI — The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding over-the-counter) fell to 4,448 tonnes in 2023, down just 5 per cent from a notably strong 2022.
Việt Nam saw a slight drop in overall consumer demand, down 6 per cent year-on-year, from 59.1 tonnes in 2022 to 55.5 tonnes in 2023. Bar and coin sales also saw a modest year-on-year decline in 2023, settling at 40 tonnes, reflecting a marginal decrease of tw tonnes.
However, Việt Nam experienced a substantial downturn in jewellery demand, dropping by 16 per cent to 15 tonnes. This decline was marked by four consecutive quarterly year-on-year decreases, attributed to slowing economic growth and relatively high inflation in the region.
Shaokai Fan, head of Asia-Pacific (ex-China) & global head…
