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On the morning of April 7, Bao Tin Minh Chau limited purchases to a maximum of 10 taels of plain round gold rings per customer, payable based on the actual quantity available at its stores. At the company’s Cau Giay branch in Hanoi, around 10 a.m., customer demand remained high, with many people waiting to buy gold.
Under the store’s policy, sales were capped at 10 taels per customer. For large orders, customers would receive the gold on a promised date, expected to be delivered on April 22. Customers purchasing up to 5 chi could receive the gold immediately at the store.
Alongside heavy buying, the trading point also recorded a significant number of customers selling gold at the store’s listed price. Ms. Ha Anh (Yen Hoa, Cau Giay) said she bought 2 taels of gold last year at more than 120 million VND per tael and is now selling to lock in profits.
Regarding pricing, on the morning of April 6, Bao Tin Minh Chau’s plain gold rings were listed at 168.1–171.1 million VND per tael (buying to selling). The company’s prices were lower than some other brands, including Phú Quý, PNJ, and SJC, by nearly 1 million VND per tael.
In the afternoon of April 6, Hanoi Police announced that Vu Minh Chau, former Director of Bao Tin Minh Chau, and his son Vu Minh Tu (Head of Independent Assistant) were indicted on April 2 for the crime of violating accounting rules causing serious consequences.
In a press release issued on April 6, Bao Tin Minh Chau Co., Ltd. said its business operations continued normally and stably. The company stated it had reorganized its governance toward independence, transparency, and professionalism. Since October 2024, Ms. Pham Lan Anh has been director and legal representative.
The company also emphasized that all financial obligations, as well as customer and partner rights, remained fully guaranteed in accordance with regulations. “All gold, silver, and precious stones supplied to the market always meet strict standards for fineness, weight, and quality,” the press release stated.
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