Gold shops are stocking various products to take advantage of the huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 25). Legend has it that the God of Wealth returns to heaven on the 10th day, and so Vietnamese have a tradition of buying some gold for good luck and prosperity throughout the year. In addition to traditional products such as figurines representing the God of Wealth and those with Phuc (Happiness), Loc (Prosperity) Tai (Wealth) and Tho (Longevity) written on them, gold companies have also launched a variety of other items featuring the dog since it is now the Year of the Dog. As usual, Phu Nhuan Jewelry Joint Stock Company (PNJ) has launched figurines of the animal representing the year, golden dogs, made of 24k gold and weighing two taels (a teal equals 37.5g) each, which are expected to be a best seller. It has also launched Phuc-Loc Tho figurine sets and gold pieces with Phuc-Loc Tho written on one side and a dog figure on the other in various weights as well as jewellery sets for young customers. Other major players like DOJI, Sacombank Jewelry Company (Sacombank -SBJ) and Sai Gon Jewelry Company Limited (SJC) have also launched new products on the occasion. Sacombank -SBJ offers 24k products in blister packing, including pieces inscribed with an image of the God of Wealth; gold coins inscribed with the images of the 12 zodiac animals, Maitreya, and Phuc,… [Read full story]
VietNamNet Bridge - On February 9, or the 10th day of the lunar year, also known as the God of Wealth Day, many gold shops in Hanoi and HCM City sold out of their products. In the early morning, hundreds of people queued in front of the gold shop of the Saigon Jewelry JSC (SJC) on Nguyen Cong Tru Street, District 1, HCM City, to buy gold. It was similar at other gold shops in the city. People were willing to queue and wait for half an hour to buy only 1-2 tenth of a tael of gold for serendipity.…... [read more]
Viet Nam News HCM CITY - Domestic gold demand is expected to surge sharply on Monday as Vietnamese prefer buying the metal to mark God of Wealth Day - the tenth day of the Lunar New Year (February 6). Legend has it that the God of Wealth returns to heaven on the tenth day of the first lunar month each year. Vietnamese people consider this God of Wealth Day, so they have a tradition of buying some gold for good luck and prosperity throughout the year. To meet the predicted rise in gold demand, many gold companies across the country…... [read more]
VietNamNet Bridge – Gold shops in Hanoi are reporting large numbers of buyers are queuing outside their stores to buy the precious metal on – God of Wealth Day – the tenth day of the Lunar New Year. Folklore has it that buying gold on this day, when the God of Wealth returns to heaven, will bring good luck and prosperity throughout the year. According to one customer, she got up at 5 am to get in line. A gold shop at Phan Dinh Phung Street was overflowing with customers. The tradition of buying the precious metal on this day…... [read more]
HA NOI — The Ministry of Public Security yesterday ordered police forces nationwide to investigate methods used by robbers to steal from gold-shops following another murder that shocked the public last week. Ha Noi police arrest Nguyen Huu Duong, 27. Duong, a resident of Thai Binh Province's Dong Hung District, allegedly confessed to killing the 55-year-old owner of the Vung Bac gold shop in Thuong Tin on February 16.—VNA/VNS Photo Doan Tan Deputy Minister of Public Security Pham Quy Ngo has instructed various national police departments, and police forces in provinces and cities to remain on high alert to…... [read more]
HCM City (VNA) - Domestic gold demand is expected to surge sharply on February 6 as Vietnamese prefer buying the metal to mark God of Wealth Day - the tenth day of the Lunar New Year. Legend has it that the God of Wealth returns to heaven on the tenth day of the first lunar month each year. Vietnamese people consider this God of Wealth Day, so they have a tradition of buying some gold for good luck and prosperity throughout the year. To meet the predicted rise in gold demand, many gold companies across the country have prepared various…... [read more]
