The gold and non-dollar deposit interest rates have been escalating in recent days, signaling a new interest rate race among banks. Experts have warned that the race will distort the monetary market and raise new risks for the banking system. Vietnam Tin Nghia and Saigon Joint Stock Bank are offering the sky high interest rate [...]
Vietnam gold increased VND0.07 million a tael from Wednesday close to VND44.52 million/tael on Thursday morning despite the world gold dropped. Local dollar prices were still kept at VND20,803 from Oct 28. SJC Hanoi quoted at VND44.20 million/tael for bid, and VND44.52 million/tael for bid and ask, respectively as of 10: 33 Hanoi time. SJC [...]
The Saigon Jewelry Company Limited (SJC) on Nov 22 sold 4,000 taels of gold, 7-8 times as high as on the previous days. The Saigon Jewelry Company Limited (SJC) on Nov 22 sold 4,000 taels of gold, 7-8 times as high as on the previous days, the local online newspaper Tuoi Tre (“Youth”) quoted Nguyen [...]
People had been rushing to sell non-SJC brand gold in the last few weeks, until the State Bank published the draft decree on the gold management on its website, which said that the bullion gold, produced in the past under the permission of the central bank will still be allowed to be put into circulation. [...]
The State Bank of Vietnam Monday announced the official draft decree on gold trading management, with some additional clauses intended to dispel certain rumors which have been raising public concerns recently. The bank’s release of the decree should bring an end to rumors regarding gold trading, while detailing new regulations for the trading system. Under [...]
Saigon Commercial Bank (SCB) raised interest rates on gold deposits at the bank to 3.5% per annum, the highest level of the whole banking sector, the local newswire DVT.vn reported. The 3.5% p.a. interest rate will be applicable for individual customers of 3- to 12-month gold deposits while the gold depositors of 1- and 2- [...]
Price of gold in Vietnam recovered VND45 million a tael (1.2 ounces) November 23 thanks to an increase of 1.3 per cent in global prices in the trading session in New York last night. Sacombank Jewelry Company bought gold at VND44.5 million and sold at VND44.9 million as of 7:55am Vietnamese time. Saigon Jewelry Company, [...]
Vietnam gold increased VND0.37 million a tael from Tuesday close to VND44.52 million/tael on Wednesday morning following the world gold. Local dollar prices were still kept at VND20,803 from Oct 28. SJC Hanoi quoted at VND44.20 million/tael for bid, and VND44.52 million/tael for bid and ask, respectively as of 9: 21 Hanoi time. SJC Ho [...]
The State Bank of Vietnam Monday announced the official draft decree on gold trading management, with some additional clauses intended to dispel certain rumors which have been raising public concerns recently. The bank’s release of the decree should bring an end to rumors regarding gold trading, while detailing new regulations for the trading system. Under [...]
The State Bank of Vietnam has set up a working group tasked with drawing up a programme to stabilise the gold market utilising local resources. The central bank’s governor Nguyen Van Binh issued a decision last Thursday to set up the group, whose primary aim is to utilise local resources to stabilise the gold market. [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price Silver prices