News about SJC

Nguyễn Trường Thi, deputy director of the HCMC Department of Industry and Trade, has been transferred and appointed as a non-full-time member of the Members' Council and General Director of Saigon Gold and Gems One-Member Co., Ltd. (SJC), according to decisions handed over on the afternoon of October 19. SJC, founded in 1988, is 100% state-owned and owned by the HCMC People's Committee. Under the 2026–2030 five-year strategy issued in early October, SJC targets total revenue of over VND 15,440 billion in 2026, rising to about VND 22,600 billion by 2030, and pre-tax profit of over VND 165.5 billion in 2026, reaching VND 242.3 billion by 2030, with cumulative pre-tax profit exceeding VND 1,000 billion over five years. Audited 2025 revenue was nearly VND 14,031 billion, down more than 56% and the lowest in 10 years, while post-tax profit rose 9% to over VND 425.5 billion.

According to SJC's price board at 6 a.m. on 18/10/2026, the buying price for 1L, 10L and 1KG gold bars is 14.06 million VND per chỉ and the selling price is 14.36 million VND per chỉ, a spread of 300,000 VND per chỉ. SJC 99.99% gold rings of 1, 2 and 5 chỉ are traded at 14.01–14.31 million VND per chỉ (buy–sell). The article also describes 9999 gold as 99.99% pure, soft and prone to dents, and notes that prices may change during the day.

Domestic gold prices at 17:00 on October 18 were mostly flat across brands, except Bảo Tín Minh Châu, which rose 200,000 VND per lượng in both buy and sell prices. SJC and PNJ quoted gold rings at 140.1–143.1 million VND per lượng, while SJC gold bars sold at about 143.6 million VND per lượng, and most brands were down 1.2 million VND from the previous week. Spot gold closed the week at US$4,164 per ounce, down 0.7%. A Kitco News survey of 12 experts found 33% expected a rise, 17% a fall and 50% no clear trend, while 139 individual investors split 45% for a fall and 43% for a rise.

In the afternoon session on October 17, domestic gold prices kept falling from the previous session across the surveyed brands: gold rings dropped 200,000-400,000 VND per tael on both buy and sell sides, while SJC gold bars fell 300,000-400,000 VND per tael on the buy side and 300,000 VND on the sell side. SJC quoted gold rings at 140.1-143.1 million VND per tael and gold bars at 140.6-143.6 million. Internationally, spot gold closed the week at $4,164 an ounce, down 0.12%, as investors weighed the Federal Reserve's rate outlook after a series of higher-than-expected inflation readings. TD Securities' Bart Melek said gold is trading in a narrow range near the low end of its support, reflecting uncertainty over the Fed's next steps.