The Ha Tinh Department of Finance recently announced the sale of 29,935.6 grams of pure gold (Au), amounting to nearly 30 kilograms. This gold, classified as "state-owned property," has an approved selling price exceeding 142 billion Vietnamese dong. This initiative aims to generate revenue for the state budget.

According to regulations, "state-owned property" refers to assets that have been confiscated, are ownerless, or whose owners cannot be identified after legal proceedings by authorities. These assets are managed by the State and can be sold via auction or at a listed price to contribute to public funds.

Interested parties may view the gold at State Treasury Area VII, located at 177 Xuan Dieu street, Thanh Sen ward, until 17h30 on 11/3. The deadline to register for purchase is also 17h30 on 11/3 at the Ha Tinh Department of Finance, 16A Xo Viet Nghe Tinh street, Thanh Sen ward. If multiple individuals register, the Department will conduct a lottery at 8h30 on 12/3 to select the buyer.

Pure gold (Au) has an almost unadulterated content, equivalent to 24K gold, though it is not necessarily a branded gold bar circulating in the market. With one 'luong' (a traditional Vietnamese unit of weight) equivalent to 37,5 grams, nearly 30 kilograms of gold corresponds to approximately 800 luong. Based on the current domestic gold bar price of about 180-184 million Vietnamese dong per luong, this quantity of gold would have an estimated market value of approximately 145-147 billion Vietnamese dong.

Duc Hung