Ha Tinh Province in central Vietnam has announced the sale of nearly 30 kg of gold for more than VND142 billion (US$5.4 million).
The gold is classified as “owned by the people,” referring to confiscated or abandoned assets. They are managed by the province and may be auctioned or sold at a listed price, with the proceeds going into its coffers.
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A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran |
People interested in buying the gold can inspect it at the local State Treasury Region office. The deadline to register is 5:30 p.m. on March 11.
If there is more than one registered buyer, the department will conduct a draw to determine who has the right to purchase it.
Major gold brands are limiting sales of plain gold rings amid a supply shortage. Many stores in Hanoi are telling customers to come back after weeks to get delivery of gold they have paid for.
Gold prices were VND183.8 million per tael of 37.5 grams/1.2 ounces Friday morning, up 20% since the beginning of the year.
