Vietnam was the 8th largest consumer of gold in the world in 2011. [msnbc.msn.com]
Year on Year Change: 23 percent
The country, which exported an estimated quantity of about 35-38 tonnes of gold in 2011, saw its total annual demand increase by 23 percent from 81.4 tonnes in 2010 to 100.3 tonnes in 2011. In the year, though jewelry demand slipped by 9 percent to 13 tonnes, total bar and coin investment surged by a remarkable 30 percent to 87.3 tonnes as gold was seen as an investment haven to counter high inflation, a sluggish stock market and weakened local currency.