Due to limited gold bar supply, jewelry demand in Vietnam, measured by value, has reached 472 million USD, the highest ever, marking a 28% increase compared to previous quarters.
A seafood enterprise's inability to repay a 5,800 tael gold loan, taken out in 2009 when gold was 17 million dong per tael, has led Sacombank to struggle for years to recover the debt.
Accused of paying 40.2 billion VND to secure illegal bids, Nguyen Van Dan offered at trial to use 175 taels of gold and 1,000 square meters of land, valued at an estimated 140 billion VND, to compensate for damages.
