Hanoi, Vietnam, Jan 30, 2026 (AFP) - Heavy metal: soaring gold price a crushing weight in Vietnam

NAMPA / AFP

2026-01-30

From his newly built three-storey home outside Hanoi, Trinh Tat Thang has watched the surging global gold price with mounting dread. The Vietnamese have a long tradition of holding their wealth in gold, and a parallel practice of borrowing the asset from relatives to build homes, rather than cash from a bank. But the debt must be repaid in gold. Family members loaned Thang four glittering one-luong bars -- a standard Vietnamese unit equivalent to......

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