Gold jewelry demand up sharply

A recent study by financial brokerage firm Forex Suggest, based in Luxembourg, shows that Vietnam is the country with the strongest increase in gold jewelry demand in the world in 2022, with an increase of 51% over the previous year.

In terms of overall gold demand growth, Vietnam ranks third in the world in 2022 with an increase of 37% compared to 2021, following Egypt (55%) and Iran (38%).

In terms of the increase in demand for bullion and gold coins, Vietnam ranked fifth in the world with an increase of 41%, after Egypt (693%), Russia (374%), Iran (64%), Turkey (38%). %) and Singapore (32%).

Last year, Vietnam was the largest gold consumer in Southeast Asia and among the top 10 gold consumer in the world, according to a report on personal gold investment in Viet Nam, conducted by the World Gold Coucil. More than 80 percent of respondents, who invested in gold in the last 12 months, may buy more in the coming time.