AN ANALYSIS OF GOLD TRADING CAPABILITIES IN HO CHI MINH CITY

HO CHI MINH CITY UNIVERSITY OF
TECHNOLOGY AND EDUCATION
FACILITY FOR HIGH QUALITY TRAINING

RESEARCH PROJECT REPOSAL

TOPIC

AN ANALYSIS OF GOLD TRADING
CAPABILITIES IN HO CHI MINH CITY

Introduction to accounting
Written by:
Adviser:

December 10th, 2016
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Table of content
INTRODUCTION.....................................................................................................................................3
BACKGROUND........................................................................................................................................4
OBJECTIVES............................................................................................................................................5
METHODOLOGY....................................................................................................................................5
Type of research..........................................................................................................................................5
Collecting data............................................................................................................................................6
RESEARCH ETHICS...............................................................................................................................6
TIMESCALE.............................................................................................................................................6
REFERENCES..........................................................................................................................................7
APPENDIX................................................................................................................................................8

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INTRODUCTION
Gold is a precious metal, used more in jewelry and in many other industries. In the
market economy and integrating into international economic, gold is special goods; when
using it in jewelry purpose, it is normal goods; when the government put it in reserve, it
becomes special foreign country.
In Vietnam, gold which is put into circulation has many types and designs, however
the domestic gold market depends on importable gold not only about mass but also about
price. Every year, our country imports over 10tons gold, responds approximately 90%
demand inland. Storing gold is Vietnamese’s tradition and this is general rule of the
world, not just private in our country, especially in the big cities like Ho Chi Minh City.
The current gold market has many changes and we have much information about it,
which makes the people who have demand in buying, selling are disturbed information,
they don’t know what news are real and find difficult to count the figures or catch the
market’s style.
Because of that, I make a plan about “An analysis of gold trading capabilities in Ho
Chi Minh city”, the place is in Ho Chi Minh city and the source of secondary data is from
2014 to 2016, to help people have clear view about the gold market, particularly Ho Chi
Minh city market and especially serving who want to widen their gold trading activities
or who wish to trade gold or amass gold in Ho Chi Minh city area, thereby they can make
decision about their business. In addition, basing on analyzing these determinants, the
appropriate solutions would be given to help investors reduce

the risk and gain

return when investing in Vietnamese gold market. Moreover, the Vietnamese government
also takes advantage of this research results to manage the domestic gold price more
effective.

Owing to the fact that this topic is so wide, hence after 30 days from the day when the
plan is carried out, I will put forth the conclusion as report. From that point, everyone
who has demand can use that result to develop their gold trading activities.

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BACKGROUND
The history of gold can be seen like human history but until today every effort creating
gold is not successful. So far, almost only gold holds its unique double role so far and
durably.
In Vietnam, together with economic renewal process, gold’s role is associated with the
ups and downs of economic. The gold supply and demand is a key factor determining the
price of gold. In many years, the world gold price has increased or decreased as a result
of changes in supply or demand. At present context, when economic is developing stably,
the trend of global integration is increasing every day, upcountry gold price varies and
firms like international price, it is no exception in Ho Chi Minh city market.
In recent years, basing on the large fluctuations in the gold price in the world and
Vietnam as well as in the context of the global economy, there have been many articles
and research on Vietnam gold market from many different aspects that include “The
factors affecting the gold market in Vietnam”, “The price of gold and international
liquidity”,… however they happened long time ago so they are not up-to-date with
market today, according to some of them only showed data without summing up the
situation at that time. With this topic, there were many successful people, besides that
many people failed, they felt tired of solving this problem.
Inheriting available research, I will base on that to grow my project by rejecting
inappropriate elements and add new detail and item which fits with conjuncture
nowadays.

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OBJECTIVES
This study will be developed by following 3 research questions match with 3 main
objectives:
Questions
Do people in Ho Chi Minh city have need

Objectives
Making enquiries about human needs

in buying and saving up gold?
What factors influence people’s decision?

Finding factors influence the decision of

What enterprises need to do to meet the

people
Studying direction to meet the need of the

need of the people?

people

METHODOLOGY
1. Firstly, I will investigate the state of market to grip how the gold market are being.
2. Conduct survey in 100 people through the social networks and asking directly,

collect and analyze the data. Interview the people who focus on the gold market by

the online table questions and interview directly.
3. The interviewers will not be formal or structured the kinds of questions I will ask
include the following. The general strategy for the interviewers is to start off with
broad questions and follow up on avoid imposing my meanings on the interview.
4. Write a research report that combines my understanding of the relevant theory and
previous research with the results of my empirical research.
Type of research
The research will be conducted based on two steps of research, including quantitative
research and qualitative research.
Quantitative research: with numbers, figures, rate, level, …can help us to know
clearly about the situation of gold market.
Qualitative research: classify features, count them and construct statiscal models in
an attempt to explain what is observed.

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Collecting data
To conduct this survey, I need two types of sources that are primary data and
secondary data.
Primary data: I get it by examining 100 people, I will ask them to complete the table
questions about the topic on the internet or in direction, after that I will summarize
them. With them I have the realest data to understand obviously about the demands of
the people.
Secondary data: check the websites which have the research about gold market.
Consider the previous report’s records, magazines or newspaper related, I show their
URL in the part References. They are wide, multiform and effective, which are very
necessary for my analysis.

TIMESCALE

Mission
Prepare for topic
Investigate the state of market
Do the introduction
Do the research background
Do the research objectives
Do the research methodology
Design questions
Conduct survey in 100 people through the

Time
11 December to 13th December
14th December to 18th December
19th December to 30th December
31st December to 9th January
10th January to 13th January
14th January to 22nd January
23rd January to 31st January
th

social networks and asking directly, collect

1st February to 10th February

and analyze the data
Write report
Review, edit and submit the report

11th February to 24th February
25th February to 8th March

RESEARCH ETHICS


I have had the research satisfactorily explained to me in written form by the




research
This research is not allowed to ask some sensitive issues of the respondents
I start collecting data by explaining the participants the benefits from the research
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

Explain to the participants that their rights and well-being will be adequately



protected and say how this will be done
Be certain that interviewers obtain the informed consent of the participant

REFERENCES
Journals, News and online references:
Gold Forecast: What Now For Future Gold Price?, URL:
/>PRECIOUS-Gold rises further from lows ahead of central bank meetings,
Available at:
/>Gold price steady after choppy week’s trading, From:

/>The factors affecting the gold market in Vietnam, URL:
/>NG_THE_GOLD_MARKET_IN_VIETNAM
Vietnam gold market, slide from:
/>Determinants of the gold price in Vietnam, Available at:
/>Goodman, B. (1956). The price of gold and international liquidity.
Journal of Finance. Vol. 11, pp. 15– 28.

APPENDIX
Questions
Do you usually keep track of the

Answers

information about the gold market?
What do judge about the gold market at
the moment?
Do the people surrounding you use gold
much?
Which do you choose: house or gold (the
value is equal)?
What types of gold do you want to buy?
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Why do you make your choice about gold
instead of another valuable property?
What incentives do you want to inherit
from the gold business?
What makes you feel dissatisfied when
buying gold?

In your opinion, what the business should
do to attract customer’s attention?
How will the gold market be next time?

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