{ "id": 53196, "date": "2025-11-03T12:51:00", "date_gmt": "2025-11-03T05:51:00", "guid": { "rendered": "https:\/\/hbbgroup.net\/san-giao-dich-vang-hoat-dong-ra-sao-trong-giai-doan-dau\/" }, "modified": "2025-11-03T12:51:00", "modified_gmt": "2025-11-03T05:51:00", "slug": "san-giao-dich-vang-hoat-dong-ra-sao-trong-giai-doan-dau", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/san-giao-dich-vang-hoat-dong-ra-sao-trong-giai-doan-dau\/", "title": { "rendered": "S\u00e0n giao d\u1ecbch v\u00e0ng ho\u1ea1t \u0111\u1ed9ng ra sao trong giai \u0111o\u1ea1n \u0111\u1ea7u?" }, "content": { "rendered": "

Ng\u01b0\u1eddi d\u00e2n ch\u01b0a th\u1ec3 giao d\u1ecbch tr\u00ean s\u00e0n giai \u0111o\u1ea1n \u0111\u1ea7u m\u00e0 \u0111\u00e2y l\u00e0 k\u00eanh ph\u00e2n ph\u1ed1i v\u00e0ng nguy\u00ean li\u1ec7u t\u1edbi c\u00e1c doanh nghi\u1ec7p tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n

L\u1eadp s\u00e0n giao d\u1ecbch v\u00e0ng \u0111\u01b0\u1ee3c gi\u1edbi chuy\u00ean gia \u0111\u1ec1 xu\u1ea5t nhi\u1ec1u n\u0103m nay, v\u1edbi k\u1ef3 v\u1ecdng l\u00e0 n\u01a1i ng\u01b0\u1eddi d\u00e2n mua b\u00e1n kim lo\u1ea1i qu\u00fd d\u1ec5 d\u00e0ng, v\u00e0 gi\u00e1 trong n\u01b0\u1edbc li\u00ean th\u00f4ng v\u1edbi th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf.<\/p>\n

G\u1ea7n \u0111\u00e2y, \u00fd t\u01b0\u1edfng n\u00e0y m\u1edbi l\u1ea7n \u0111\u1ea7u \u0111\u01b0\u1ee3c nh\u00e0 qu\u1ea3n l\u00fd hi\u1ec7n th\u1ef1c h\u00f3a. Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc cho bi\u1ebft d\u1ef1 ki\u1ebfn tr\u00ecnh d\u1ef1 th\u1ea3o Ngh\u1ecb quy\u1ebft th\u00ed \u0111i\u1ec3m s\u00e0n giao d\u1ecbch v\u00e0ng trong th\u00e1ng 10.<\/p>\n

‘S\u00e2n ch\u01a1i’ gi\u1eefa ng\u00e2n h\u00e0ng v\u00e0 doanh nghi\u1ec7p <\/strong><\/span><\/p>\n

Vi\u1ec7c l\u1eadp s\u00e0n giao d\u1ecbch n\u00e0y \u0111\u01b0\u1ee3c Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc d\u1ef1 ki\u1ebfn chia theo l\u1ed9 tr\u00ecnh. Trong giai \u0111o\u1ea1n \u0111\u1ea7u ti\u00ean, s\u00e0n l\u00e0 n\u01a1i mua b\u00e1n v\u00e0ng v\u1eadt ch\u1ea5t, ch\u1ec9 ho\u1ea1t \u0111\u1ed9ng trong ph\u1ea1m vi n\u1ed9i \u0111\u1ecba v\u00e0 ch\u01b0a k\u1ebft n\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng th\u1ebf gi\u1edbi. C\u00e1c th\u00e0nh vi\u00ean tham gia th\u1ecb tr\u01b0\u1eddng giai \u0111o\u1ea1n \u0111\u1ea7u g\u1ed3m c\u00e1c t\u1ed5 ch\u1ee9c nh\u01b0 ng\u00e2n h\u00e0ng, doanh nghi\u1ec7p \u0111\u01b0\u1ee3c c\u1ea5p h\u1ea1n m\u1ee9c nh\u1eadp kh\u1ea9u.<\/p>\n

V\u1edbi \u0111\u1ecbnh h\u01b0\u1edbng n\u00e0y, \u00f4ng Hu\u1ef3nh Trung Kh\u00e1nh, Ph\u00f3 ch\u1ee7 t\u1ecbch Hi\u1ec7p h\u1ed9i Kinh doanh v\u00e0ng (VGTA) \u0111\u00e1nh gi\u00e1 s\u00e0n giao d\u1ecbch s\u1eafp t\u1edbi \u0111\u00f3ng vai tr\u00f2 l\u00e0 n\u01a1i ph\u00e2n ph\u1ed1i v\u00e0ng nguy\u00ean li\u1ec7u t\u1eeb ng\u00e2n h\u00e0ng sang c\u00e1c doanh nghi\u1ec7p s\u1ea3n xu\u1ea5t, ch\u1ebf t\u00e1c l\u1edbn, t\u1ee9c l\u00e0 giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng s\u01a1 c\u1ea5p. Ngu\u1ed3n cung ch\u00ednh ng\u1ea1ch s\u1ebd \u0111\u01b0\u1ee3c b\u1ed5 sung cho th\u1ecb tr\u01b0\u1eddng trong n\u01b0\u1edbc, gi\u00fap nh\u00e0 qu\u1ea3n l\u00fd ki\u1ec3m so\u00e1t ngu\u1ed3n g\u1ed1c v\u00e0ng nh\u1eadp kh\u1ea9u.<\/p>\n

“Ng\u01b0\u1eddi d\u00e2n v\u1eabn ti\u1ebfp c\u1eadn qua k\u00eanh b\u00e1n h\u00e0ng c\u1ee7a c\u00e1c doanh nghi\u1ec7p v\u00e0 ch\u01b0a th\u1ec3 tr\u1ef1c ti\u1ebfp mua b\u00e1n tr\u00ean s\u00e0n”, \u00f4ng Kh\u00e1nh n\u00f3i v\u1edbi VnExpress. <\/em><\/p>\n

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\"V\u00e0ng, <\/picture><\/div>
\n

Ng\u01b0\u1eddi d\u00e2n x\u1ebfp h\u00e0ng d\u00e0i, ch\u1edd mua v\u00e0ng t\u1ea1i H\u00e0 N\u1ed9i, ng\u00e0y 16\/10\/2025. \u1ea2nh: Ho\u00e0ng Giang<\/em><\/p>\n<\/figcaption><\/figure>\n

Theo \u00f4ng Nguy\u1ec5n Xu\u00e2n Th\u00e0nh, gi\u1ea3ng vi\u00ean Ch\u00ednh s\u00e1ch c\u00f4ng, \u0110\u1ea1i h\u1ecdc Fulbright Vi\u1ec7t Nam, s\u00e0n giao d\u1ecbch gi\u00fap minh b\u1ea1ch h\u00f3a mua b\u00e1n v\u00e0ng nguy\u00ean li\u1ec7u, g\u00f3p ph\u1ea7n h\u00ecnh th\u00e0nh m\u1ee9c gi\u00e1 tham chi\u1ebfu, l\u00e0m c\u01a1 s\u1edf \u0111\u1ecbnh gi\u00e1 v\u00e0ng<\/a> mi\u1ebfng trong n\u01b0\u1edbc. \u0110\u00e2y l\u00e0 b\u01b0\u1edbc ti\u1ebfn, theo \u00f4ng, h\u01b0\u1edbng t\u1edbi thu h\u1eb9p \u0111\u1ed9 v\u00eanh gi\u00e1 trong n\u01b0\u1edbc v\u00e0 qu\u1ed1c t\u1ebf.<\/p>\n

Th\u1eddi gian qua m\u1ee9c ch\u00eanh l\u1ec7ch n\u00e0y c\u00f3 th\u1eddi \u0111i\u1ec3m \u0111\u01b0\u1ee3c k\u00e9o v\u1ec1 quanh 12-13 tri\u1ec7u \u0111\u1ed3ng, nh\u01b0ng sau \u0111\u00f3 duy tr\u00ec tr\u00ean d\u01b0\u1edbi 20 tri\u1ec7u \u0111\u1ed3ng m\u1ed9t l\u01b0\u1ee3ng. Ch\u1eb3ng h\u1ea1n, k\u1ebft th\u00fac phi\u00ean giao d\u1ecbch h\u00f4m 31\/10, v\u00e0ng th\u1ebf gi\u1edbi quy \u0111\u1ed5i theo t\u1ef7 gi\u00e1 Vietcombank t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 127,5 tri\u1ec7u \u0111\u1ed3ng, ch\u00eanh 21,4 tri\u1ec7u so v\u1edbi trong n\u01b0\u1edbc.<\/p>\n

D\u01b0\u1edbi g\u00f3c nh\u00ecn c\u1ee7a \u00f4ng Nguy\u1ec5n H\u1eefu Hu\u00e2n, \u0110\u1ea1i h\u1ecdc Kinh t\u1ebf TP HCM, s\u00e0n giao d\u1ecbch theo c\u00e1ch l\u00e0m d\u1ef1 ki\u1ebfn hi\u1ec7n t\u1ea1i c\u1ee7a nh\u00e0 \u0111i\u1ec1u h\u00e0nh s\u1ebd gi\u00fap t\u0103ng minh b\u1ea1ch, h\u1ea1n ch\u1ebf \u0111\u1ea7u c\u01a1, lo\u1ea1n gi\u00e1. “Tuy nhi\u00ean, ch\u00fang ta ch\u01b0a th\u1ec3 k\u1ef3 v\u1ecdng c\u00e1ch l\u1eadp s\u00e0n nh\u01b0 hi\u1ec7n nay gi\u00fap gi\u00e1 trong n\u01b0\u1edbc ti\u1ec7m c\u1eadn ngay v\u1edbi th\u1ebf gi\u1edbi”, \u00f4ng chia s\u1ebb v\u1edbi VnExpress. <\/em><\/p>\n

C\u00e2u tr\u1ea3 l\u1eddi kh\u00f4ng \u0111\u01a1n gi\u1ea3n l\u00e0 c\u00f3 s\u00e0n v\u00e0ng th\u00ec gi\u00e1 trong n\u01b0\u1edbc gi\u1ea3m ch\u00eanh l\u1ec7ch v\u1edbi th\u1ebf gi\u1edbi. Theo \u00f4ng Hu\u00e2n, l\u1eadp s\u00e0n ch\u1ec9 l\u00e0 m\u1ed9t kh\u00e2u k\u1ef9 thu\u1eadt, quan tr\u1ecdng h\u01a1n c\u1ea7n c\u01a1 ch\u1ebf v\u1eadn h\u00e0nh v\u00e0 ngu\u1ed3n cung th\u1ef1c t\u1ebf. N\u1ebfu ngu\u1ed3n cung kh\u00f4ng t\u0103ng \u0111\u00e1ng k\u1ec3, c\u00f3 th\u00eam bao nhi\u00eau doanh nghi\u1ec7p tham gia tr\u00ean s\u00e0n, gi\u00e1 v\u1eabn ch\u00eanh l\u1ec7ch \u1edf m\u1ee9c cao so v\u1edbi qu\u1ed1c t\u1ebf.<\/p>\n

Vi\u1ec7c d\u1ef1ng “ch\u1ee3” ch\u1ec9 th\u1ef1c s\u1ef1 t\u00e1c \u0111\u1ed9ng t\u1edbi th\u1ecb tr\u01b0\u1eddng khi c\u00f3 ngu\u1ed3n h\u00e0ng giao d\u1ecbch. Trong khi \u0111\u00f3, nh\u1eadp kh\u1ea9u v\u00e0ng, l\u1ea1i l\u00e0 v\u1ea5n \u0111\u1ec1 c\u00f3 nhi\u1ec1u lo ng\u1ea1i d\u01b0\u1edbi g\u00f3c \u0111\u1ed9 nh\u00e0 \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n

\u00d4ng \u0110\u00e0o Xu\u00e2n Tu\u1ea5n, C\u1ee5c tr\u01b0\u1edfng Qu\u1ea3n l\u00fd Ngo\u1ea1i h\u1ed1i (Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc) c\u0169ng b\u00e0y t\u1ecf th\u1eadn tr\u1ecdng khi Vi\u1ec7t Nam tri\u1ec3n khai l\u1eadp s\u00e0n v\u00e0ng, nh\u1eb1m m\u1ee5c \u0111\u00edch tr\u00e1nh bi\u1ebfn s\u00e0n n\u00e0y th\u00e0nh k\u00eanh \u0111\u1ea7u c\u01a1, g\u00e2y bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng.<\/p>\n

“Vi\u1ec7t Nam kh\u00f4ng s\u1ea3n xu\u1ea5t \u0111\u01b0\u1ee3c v\u00e0ng, n\u00ean nh\u1eadp kh\u1ea9u nhi\u1ec1u s\u1ebd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i v\u00e0 \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1”, \u00f4ng n\u00f3i t\u1ea1i cu\u1ed9c h\u1ecdp g\u1ea7n \u0111\u00e2y.<\/p>\n

<\/p>\n
\"V\u00e0ng <\/picture><\/div>
\n

V\u00e0ng trang s\u1ee9c tr\u01b0ng b\u00e0y t\u1ea1i c\u1eeda h\u00e0ng. \u1ea2nh: Ho\u00e0ng Giang<\/em><\/p>\n<\/figcaption><\/figure>\n

L\u1eadp ‘ch\u1ee3’ nh\u01b0ng quan tr\u1ecdng l\u00e0 ngu\u1ed3n h\u00e0ng <\/strong><\/span><\/p>\n

Hi\u1ec7n kh\u00f4ng c\u00f3 th\u1ed1ng k\u00ea ch\u00ednh x\u00e1c s\u1ed1 v\u00e0ng d\u00e2n c\u01b0 n\u1eafm gi\u1eef, c\u0169ng nh\u01b0 kh\u00f4ng c\u00f3 s\u1ed1 li\u1ec7u ch\u00ednh th\u1ee9c v\u1ec1 s\u1ee9c mua ng\u01b0\u1eddi d\u00e2n h\u00e0ng n\u0103m c\u1ee7a c\u01a1 quan qu\u1ea3n l\u00fd. Con s\u1ed1 n\u00e0y c\u0169ng t\u00f9y thu\u1ed9c v\u00e0o t\u1eebng th\u1eddi \u0111i\u1ec3m. Th\u00f4ng th\u01b0\u1eddng, gi\u00e1 th\u1ebf gi\u1edbi l\u00ean cao l\u00e0 l\u00fac th\u1ecb tr\u01b0\u1eddng trong n\u01b0\u1edbc “n\u00f3ng” s\u1ed1t, ng\u01b0\u1eddi d\u00e2n x\u1ebfp h\u00e0ng mua \u0111\u00f4ng \u0111\u00fac.<\/p>\n

Ch\u1ec9 trong n\u1eeda n\u0103m ngo\u00e1i, Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc tung ra th\u1ecb tr\u01b0\u1eddng 13 t\u1ea5n v\u00e0ng v\u00e0 \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng h\u1ea5p th\u1ee5. Tuy nhi\u00ean, s\u1ed1 n\u00e0y v\u1eabn ch\u01b0a \u0111\u1ee7 \u0111\u1ec3 “h\u1ea1 nhi\u1ec7t” th\u1ecb tr\u01b0\u1eddng, gi\u00e1 trong n\u01b0\u1edbc neo cao t\u1eeb 15 \u0111\u1ebfn 20 tri\u1ec7u \u0111\u1ed3ng m\u1ed9t l\u01b0\u1ee3ng so v\u1edbi th\u1ebf gi\u1edbi.<\/p>\n

C\u00f2n theo \u01b0\u1edbc t\u00ednh c\u1ee7a H\u1ed9i \u0111\u1ed3ng v\u00e0ng th\u1ebf gi\u1edbi (WGC), nhu c\u1ea7u b\u00ecnh qu\u00e2n kim lo\u1ea1i qu\u00fd \u0111\u1ea7u t\u01b0, g\u1ed3m v\u00e0ng mi\u1ebfng v\u00e0 nh\u1eabn tr\u01a1n 24K \u01b0\u1edbc t\u00ednh kho\u1ea3ng 30-40 t\u1ea5n m\u1ed7i n\u0103m. WGC \u01b0\u1edbc t\u00ednh, l\u0169y k\u1ebf 9 th\u00e1ng \u0111\u1ea7u n\u0103m nay, nhu c\u1ea7u v\u00e0ng \u0111\u00e0u t\u01b0 c\u1ee7a Vi\u1ec7t Nam kho\u1ea3ng 29 t\u1ea5n, gi\u1ea3m 14% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc.<\/p>\n

\u00d4ng Hu\u1ef3nh Trung Kh\u00e1nh, Ph\u00f3 ch\u1ee7 t\u1ecbch VGTA \u0111\u00e1nh gi\u00e1, l\u01b0\u1ee3ng ngo\u1ea1i t\u1ec7 c\u1ea7n thi\u1ebft nh\u1eadp kh\u1ea9u kim lo\u1ea1i qu\u00fd kho\u1ea3ng v\u00e0i t\u1ef7 USD, chi\u1ebfm t\u1ef7 tr\u1ecdng \u00edt so v\u1edbi nhu c\u1ea7u nh\u1eadp kh\u1ea9u s\u1eed d\u1ee5ng ngo\u1ea1i t\u1ec7 hi\u1ec7n nay.<\/p>\n

Trong khi \u0111\u00f3, \u00f4ng Hu\u00e2n l\u1ea1i cho r\u1eb1ng n\u1ebfu nh\u00ecn v\u00e0o doanh thu c\u1ee7a c\u00e1c doanh nghi\u1ec7p l\u1edbn tr\u00ean th\u1ecb tr\u01b0\u1eddng, m\u1ed7i \u0111\u01a1n v\u1ecb \u0111\u1ea1t doanh thu 1-2 t\u1ef7 USD m\u1ed9t n\u0103m (chi\u1ebfm kho\u1ea3ng 20% th\u1ecb ph\u1ea7n), nhu c\u1ea7u th\u1ecb tr\u01b0\u1eddng v\u00e0ng Vi\u1ec7t Nam kh\u00f4ng h\u1ec1 nh\u1ecf.<\/p>\n

\u00d4ng Hu\u00e2n \u01b0\u1edbc t\u00ednh con s\u1ed1 l\u00ean t\u1edbi v\u00e0i ch\u1ee5c t\u1ef7 USD m\u1ed7i n\u0103m, v\u1edbi \u01b0\u1edbc t\u00ednh t\u1ef7 l\u1ec7 b\u00e1n v\u00e0ng c\u1ee7a ng\u01b0\u1eddi d\u00e2n h\u00e0ng n\u0103m kho\u1ea3ng 10-20%. Do \u0111\u00f3, con s\u1ed1 ngo\u1ea1i t\u1ec7 d\u00f9ng \u0111\u1ec3 h\u1ea5p th\u1ee5 nhu c\u1ea7u n\u00e0y kh\u00f4ng h\u1ec1 nh\u1ecf, chuy\u00ean gia \u0110\u1ea1i h\u1ecdc Kinh t\u1ebf TP HCM \u0111\u00e1nh gi\u00e1.<\/p>\n

“Ch\u1ec9 khi ngu\u1ed3n cung d\u1ed3i d\u00e0o ho\u1eb7c t\u00e2m l\u00fd ng\u01b0\u1eddi d\u00e2n b\u1edbt FOMO (h\u1ed9i ch\u1ee9ng s\u1ee3 b\u1ecb b\u1ecf l\u1ee1), v\u00e0ng trong n\u01b0\u1edbc m\u1edbi c\u00f3 th\u1ec3 ti\u1ec7m c\u1eadn th\u1ebf gi\u1edbi. C\u00f2n trong tr\u01b0\u1eddng h\u1ee3p gi\u00e1 th\u1ebf gi\u1edbi ti\u1ebfp t\u1ee5c t\u0103ng v\u00e0 ng\u01b0\u1eddi d\u00e2n mua gom, ch\u00eanh l\u1ec7ch v\u1eabn duy tr\u00ec \u1edf m\u1ee9c cao”, \u00f4ng Hu\u00e2n n\u00f3i.<\/p>\n

Tr\u1ecdng Hi\u1ebfu – Qu\u1ef3nh Trang<\/strong><\/p>\n

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Ng\u01b0\u1eddi d\u00e2n ch\u01b0a th\u1ec3 giao d\u1ecbch tr\u00ean s\u00e0n giai \u0111o\u1ea1n \u0111\u1ea7u m\u00e0 \u0111\u00e2y l\u00e0 k\u00eanh ph\u00e2n ph\u1ed1i v\u00e0ng nguy\u00ean li\u1ec7u […]<\/p>", "protected": false }, "author": 5, "featured_media": 53199, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 219 ], "tags": [], "class_list": [ "post-53196", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-vang" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/53196", "targetHints": { "allow": [ "GET" ] } } ], "collection": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=53196" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/53196\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/53199" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=53196" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=53196" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=53196" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }