On the morning of 12/3, the Ha Tinh Department of Finance organized a lottery draw for the right to purchase nearly 30 kg of state-owned gold, with six businesses participating.

A company based in Thanh Vinh ward, Nghe An province, ultimately won the draw, securing the right to purchase the gold. A representative of this enterprise signed a contract to buy 30 kg of gold, valued at over 142 billion VND. The enterprise committed to completing payment procedures to receive the gold within 5-10 days as stipulated.

According to a leader from the winning enterprise, the purchased gold has a minimum purity of 99,9-99,95%. Therefore, the company must refine it to achieve 99,99% purity before manufacturing.

Customers cast ballots to participate in the gold purchase lottery, on the morning of 12/3. *Photo: Hung Le*

This sale follows an announcement made a week ago by the Ha Tinh Department of Finance regarding the sale of 29.935,6 grams of pure gold (Au), which was declared state-owned. According to regulations, "state-owned assets" are those confiscated, ownerless, or whose owners cannot be identified after authorities process them according to legal procedures. These assets are managed by the State and can be auctioned or sold at a listed price to generate revenue for the state budget.

In Ha Tinh, this gold originated from smuggling cases discovered and confiscated by the Economic Police Department of the Ha Tinh Provincial Police over time.

Pure gold (Au) has an almost unadulterated content, equivalent to 24K gold, though it is not necessarily branded gold bars circulated in the market. With one luong equivalent to 37,5 grams, nearly 30 kg of gold is approximately 800 luong. Based on the current domestic gold bar price of about 183 - 186 million VND per luong, this gold would have a market value of approximately 147-150 billion VND.

Duc Hung