{
  "id": 69449,
  "title": "Vietnam only Southeast Asian country with declining gold demand in Q2",
  "url": "https://urgent.news/2026/08/03/vietnam-only-southeast-asian-country-with-declining-gold-demand-in-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T03:05:47.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/markets/vietnam-only-southeast-asian-country-with-declining-gold-demand-in-q2-5104033.html"
  },
  "original_language": "en",
  "account": "Vietnam emerged as the only Southeast Asian country with a decline in gold demand during the second quarter, according to the World Gold Council. The investment gold demand in Vietnam plummeted by 31% year-on-year, falling to 6.5 tonnes. The region was dominated by Indonesia and Thailand, with the former reporting a 40% surge in demand and the latter experiencing its strongest second quarter since 2019. Vietnam's gold bar price dropped by 7.7% year-to-date, and the decline was even more pronounced, hitting a 26% decrease from its all-time high in early January. The local price premium became discouragingly high due to lower local prices and constrained import quotas, which negatively impacted Vietnamese sentiment. In the first half, Vietnam's sales of bars and coins amounted to 15.6 tonnes, trailing Indonesia's 38.1 tonnes and Thailand's 20.9 tonnes. Jewelry demand in Vietnam also saw the most significant year-on-year drop in the region, declining by 28% to 1.8 tonnes. Southeast Asia, encompassing Indonesia, Malaysia, Singapore, Thailand, and Vietnam, reached a total of 36.7 tonnes in gold bar and coin sales during the second quarter, marking a 7.6% increase compared to the previous year. Globally, gold bar and coin sales dropped by 3% to 307.1 tonnes during the same period.",
  "summary": "Vietnam was the only country in Southeast Asia with a declining gold bar and coin demand in the second quarter, as plunging prices drove down consumer interests in hoarding the precious metal.",
  "key_points": [
    "Vietnam is the only Southeast Asian country with declining gold demand in Q2.",
    "Vietnam's gold demand dropped by 31% year-on-year, reaching 6.5 tonnes.",
    "Jewelry demand in Vietnam declined by 28% to 1.8 tonnes in the region."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "VnExpress Business",
        "title": "Indonesia gold demand exceeds Thailand, Vietnam combined",
        "url": "https://urgent.news/2026/08/02/indonesia-gold-demand-exceeds-thailand-vietnam-combined",
        "published": "2026-08-02T22:29:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}