First ATM selling gold opens in Ho Chi Minh City
The Dong A Commercial Joint Stock Bank inaugurated its first automated teller machine (ATM) specifically for selling gold at its Tran Phu branch in district 5, Ho Chi Minh City.
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Tran Phuong Binh, General Director of the bank, said this ATM is the first of its kind in Vietnam and the second in the world;. the other one is in Dubai.
Banks will issue buyers a card and, when they decide to make a purchase, they will pay using their cards, not cash. Prices will be updated at the ATM on a real-time basis.
Dong A bank currently has almost 5 million customers and a nationwide network of more than 200 branches and transaction offices plus around 1,300 ATMs.
It plans to manufacture and install 50 Gold ATMs by the end of 2011. (VNA)
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