51 Years of Building the Stature of Vietnam After the unification of the country on April 30, 1975, Vietnam faced immense challenges: infrastructure was heavily damaged, the economy was in ruins, and people’s living conditions were dire. However, from these difficulties, Vietnam chose the path of harmony, unity, self-reliance, and the aspiration to rise. In 1986, the Party introduced the "Doi Moi" (Renovation) policy, a historic decision that opened new spaces for economic development. Vietnam gradually transitioned from a centralized planning system to a socialist-oriented market economy, unleashing productive forces and unlocking resources. This shift enabled the economy to make remarkable strides, gradually escaping poverty and backwardness to grow strongly. Vietnam’s GDP, which was less than $2 billion in the mid-1980s, has now surpassed $514 billion, ranking 32nd globally. Per capita GDP reached $5,026, more than 1.4 times the 2020 level, placing Vietnam in the group of countries with high middle-income status. For many years, Vietnam has maintained stable GDP growth rates of 6-7% annually, despite global economic fluctuations. Even during challenging periods like the 2008 financial crisis or the COVID-19 pandemic, the economy demonstrated rapid recovery capabilities. In 2025, GDP growth reached 8.02%, placing Vietnam among the fastest-growing nations in the region and globally. Vietnam has become a significant export nation. In 2025, the country achieved a record trade volume of over $930 billion, with a trade surplus of $20.03 billion, marking a decade of consecutive surpluses. Key export products such as textiles, electronics, and agricultural goods have not only elevated Vietnam’s international standing but also created millions of jobs.#vietnam #ho_chi_minh_city #hanoi #doi_moi_policy #long_thanh_international_airport
Silver Price Today, April 26, 2026: Recovery at the End of the Week The silver price showed a slight recovery on April 26, 2026, but the upward trend remained constrained by the strength of the U.S. dollar and elevated interest rates. Local and global price data revealed mixed movements, with domestic prices in Vietnam’s major cities fluctuating against international benchmarks. In Hanoi, the inkoopprijs (purchase price) for 99.9% silver was recorded at 2.444.000 VND per tael, while the verkoopprijs (selling price) stood at 2.474.000 VND per tael. In Ho Chi Minh City, similar rates were 2.446.000 VND and 2.480.000 VND per tael, respectively. The worldwide silver price, quoted at 1.988.000 VND per ounce for purchase and 1.994.000 VND per ounce for sale, remained lower than domestic prices. Phu Quy Gold, Silver and Gemstone Group in Hanoi reported a purchase price of 2.868.000 VND per ounce and a selling price of 2.957.000 VND per ounce. Meanwhile, the 99.99% silver price in Hanoi was 2.452.000 VND per tael (purchase) and 2.482.000 VND per tael (sale), with corresponding figures in Ho Chi Minh City at 2.453.000 VND and 2.484.000 VND. For 1 kg of 99.9% silver, the purchase price in Hanoi was 65.176.000 VND, while the selling price reached 65.974.000 VND. In Ho Chi Minh City, the 1 kg purchase price was 65.228.000 VND, and the selling price was 66.125.000 VND. The global silver price, as of April 26, 2026, was listed at $75.53 per ounce, reflecting a $0.47 increase from the previous day. However, the spot price of silver only managed a modest recovery by the end of the week, failing to offset a 5.81% decline over the entire week. Analyst James Hyerczyk of FX Empire noted that persistent monetary tightening by the Federal Reserve (FED) and the strength of the U.S.#federal_reserve #silver_price #phu_quy_gold_silver_gemstone_group #fx_empire #hanoi
