Where are thousands of tons of Vietnam's gold?

TPO - The gold reserves of countries not only reflect financial strength but also have a great impact on the global economy. In Vietnam, the total demand for gold in 2024 will reach 55.3 tons.

1. In Europe, which country has the largest gold reserves?

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  Older brother

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  Virtue

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  Switzerland

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  France

The correct answer is B: After the US, Germany ranks second in the world in terms of gold reserves, with 3,359.09 tons. As the economic leader of Europe, Germany always maintains a very large gold reserve, leading the continent. With a strong economy in Europe, Germany maintains a huge amount of gold to protect national assets in financial crisis situations. A large part of Germany's gold is stored at central banks, including the German Central Bank (Bundesbank) and a number of international gold reserves. Keeping strong gold reserves helps Germany maintain economic stability in the eurozone, and strengthens confidence in the euro.

2. Which country in Asia has bought the most gold in the past few years?

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  Vietnam

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  China

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  India

The correct answer is option B: China is the world's second largest economy and owns about 1,980 tons of gold. Although it does not have the largest gold reserves in the world, China has been one of the largest gold buyers in recent years. The Chinese government maintains gold reserves to diversify its national reserve assets and reduce its dependence on the US dollar. China also actively participates in the international gold market, not only to protect its assets but also as a tool to maintain domestic economic stability.

3. How does Italy's gold reserve mechanism differ from other countries?

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  Privately owned gold

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  Gold is held in many different countries

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  The Italian central bank operates on a non-governmental model.

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  Both B and C are correct

The correct answer is D: Among the countries in the world, Italy has a very unique gold reserve mechanism. According to British consumer credit broker LoveMoney, most countries have state-owned precious metal reserves managed by their central banks. However, Italy's gold is owned by the Banca d'Italia (Bank of Italy) and is held in vaults in Rome as well as at the Swiss National Bank, the Federal Reserve Bank of New York and the Bank of England. Banca d'Italia is the country's central bank but operates on a non-governmental model, protected by European treaties, and is more than 60% owned by domestic banks and insurance companies.

4. Which industry accounts for the largest share of global gold demand?

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  Technology

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  Invest

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  Jewelry

The correct answer is option C: In 2024, the jewelry industry will account for 40.27%, or 2,003.5 tonnes, of total global gold demand. The technology and investment industries will account for 6.6% and 23.7% of total gold demand, respectively. Central banks and other financial institutions will account for 21%, while over-the-counter (OTC) trading will account for 8.4%.

5. What is Vietnam's gold consumption demand in Southeast Asia?

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  The first

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  Monday

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  Tuesday

The correct answer is A: On February 5, 2025, the World Gold Council released the Gold Demand Trends Report 2024. According to this report, global gold consumption demand in 2022 reached 4,974.5 tons of gold, up nearly 1% compared to 2023, reaching the highest level since 2011. This increase is mainly driven by significant investment inflows and sustained central bank purchases. In Vietnam, gold consumption demand in 2024 reached a total of 55.3 tons, slightly down from 2023 (55.5 tons). Demand for gold bars, ingots and coins reached 42.1 tons, up 4% year-on-year, the highest level since 2016. Meanwhile, demand for gold jewelry decreased by 13% year-on-year in 2023, reaching 13.2 tons. Although slightly down from 2023, Vietnam still has the highest gold consumption in Southeast Asia. Thailand ranks second with 48.8 tons of gold, Indonesia consumes 47.3 tons. Singapore consumes only 13.3 tons of gold.

6. What is the approximate total gold reserves in Vietnam's economy by early 2025?

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  1,000 tons

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  2,000 tons

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  2,500 tons

The correct answer is option B: Vietnam is estimated to own about 2,000 tons of gold by early 2025, equivalent to 154 billion USD. Vietnam's gold reserves in 2024 will officially reach 2,110 tons. According to recent reports, Vietnam maintains a significant amount of gold reserves, including the State Bank's gold reserves and the amount of gold held by the people. The State Bank is currently managing a large part of the gold reserves to maintain the stability of the national financial system. At the same time, the amount of gold held by the people is also an important factor contributing to Vietnam's total gold reserves. According to the latest data from the United Nations, Vietnam's population was 101.3 million in January 2025. Thus, on average, each Vietnamese person currently owns 5.5 taels of gold (0.55 ounces of gold), equivalent to about 65,026,500 VND according to the domestic gold price on May 31, 2025. Comparing Vietnam's gold reserves and the world's in 2025 compiled by ONUS shows that Vietnam's total gold reserves in 2025 currently account for 0.9% of the world's gold reserves. Meanwhile, Vietnam's population accounts for 1.3% of the world's population. It can be seen that Vietnam's per capita gold reserves are about 6.5 grams/person lower than the world average. This figure partly reflects Vietnam's potential for gold reserves in the coming time. With the current population growth rate, Vietnam needs to increase by about 600 - 700 tons for the per capita gold reserve index to reach the same level as the world.

Result

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Source: https://tienphong.vn/hang-nghin-tan-vang-cua-viet-nam-dang-de-o-dau-post1747171.tpo