Leader of Saigon Jewelry Co (SJC) said that in August, his firm imported over two tonnes of gold. But it was just enough for brisk trading days like in previous week. Last week, the daily trading volume of SJC reached about 10,000 taels (375 kilograms). Therefore, SJC continued to apply for more gold import to [...]
Five wholesalers together with some other commercial joint stock banks have been granted quota for gold import in the phase 2, according to the online newspaper VnExpress on August 24. The local newswire Tuoi Tre (Youth) on August 24 also quoted Nguyen Thanh Long, Saigon Jewelry Co (SJC)’s general director as saying that on August [...]
Vietnam imported some $200 million worth of gold in August, according to the General Statistical Office (GSO). In particular, according to GSO, in August, the country’s export turnover of gemstone and precious metals reached $200 million, bringing the total figure in Jan-August to $2.519 billion. GSO said that the group of gemstone and precious metals [...]
Nguyen Van Binh, governor of the State Bank of Viet Nam, announced yesterday that he would allow more bullion imports if necessary to stabilise the overheated domestic gold market and to keep prices stable. “Measures will be applied to control the distance between domestic and global prices, somewhere under VND400,000 (US$19.21) per tael,” Binh said, [...]
The State Bank of Vietnam, the country’s central bank, will allow local gold traders to import gold and not set quantity limit to help cut local gold premium to global market, local newspaper quoted SJC official as saying. “The central bank opined that it will keep intervening the market to make sure local gold prices [...]
The Vietnamese dong fell to a four- month low on speculation the nation will allow more gold imports to cool local prices, widening the trade deficit. Government bonds fell. The State Bank of Vietnam permitted local companies on Aug. 9 to buy a total five metric tons of gold after domestic bullion prices surged to [...]
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