According to the General Statistics Office (GSO), Vietnam's domestic gold price index rose 10.54% in April compared to March. On average, during the first four months of 2025, the index increased by a remarkable 32.85%.

Data released on May 6 indicates that domestic gold prices moved in tandem with global trends. By April 28, the average global gold price had reached over USD 3,220 per ounce, a 7.33% increase compared to March 2025.

April saw a strong global surge in gold prices, fueled by prolonged geopolitical instability - ranging from the war in Ukraine and tensions in the Middle East to escalating trade disputes between the United States and China. These risks boosted demand for safe-haven assets like gold.

Additionally, aggressive gold buying by central banks - especially in Asia and the Middle East - and expectations that the U.S. Federal Reserve would cut interest rates also contributed to the rally.

Domestically, Vietnam’s gold price index in April rose 10.54% month-on-month, 37.14% year-on-year, and 22.43% compared to December 2024. On average, the gold price index rose 32.85% over the first four months of the year.

Meanwhile, the domestic U.S. dollar price moved in the opposite direction of global trends, primarily due to increased domestic demand for USD.

As of April 28, the international USD index stood at 100.77 points, down 3.05% from the previous month. This decline was attributed to global geopolitical tensions and U.S. economic policies under the Trump administration, which led investors to sell off dollars and U.S. Treasury bonds.

In Vietnam, the average USD price on the free market hovered around VND 24,974 per USD. In April 2025, the domestic dollar index increased by 0.97% from the previous month, 3.17% year-on-year, and 1.9% compared to December 2024.

On average, the domestic dollar index rose 3.52% in the first four months of 2025.

GSO also reported that Vietnam’s Consumer Price Index (CPI) in April 2025 increased by 0.07% from March, driven primarily by rising housing rental costs, food prices, and dining services.

CPI in April rose 1.37% compared to December 2024 and 3.12% compared to April 2024.

For the first four months of 2025, the average CPI increased by 3.2% compared to the same period last year. Core inflation, which excludes volatile food, energy, health care, and education prices, rose 3.05%.

In April alone, core inflation rose 0.21% month-on-month and 3.14% year-on-year.

The lower average core inflation rate of 3.05%, compared to the general CPI increase of 3.2%, was largely due to significant hikes in food, electricity, and healthcare services - categories excluded from the core inflation basket.

Nguyen Le