Vietnam’s gold consumption surged by 30% to 12 metric tons in Q2 2024, driven by inflation concerns and weakening local currency, according to the World Gold Council. While investment in gold increased, jewelry demand dropped by 15% to 3 metric tons in Q2 2024. Elsewhere, the S&P Global Vietnam Manufacturing PMI stood at 54.7 in July 2024, remaining at its highest level since May 2022.