March 25, 2013 | 11:22
The bullion market situation is again coming into sharp focus.
January 23, 2013 | 14:27
While gold owners are no longer able to store their precious metal at banks for safety and interest, the credit institutions themselves are in trouble over a huge amount of outstanding long-term loans in gold.
January 23, 2013 | 09:53
With banks no longer accepting deposit in gold bullion, and while gold-keeping services are being offered at high prices, gold owners now have no choice but to keep their bullion at home.
January 09, 2013 | 14:29
With some 2,500 licensed gold-bullion trading facilities set to replace tens of thousands of unqualified such businesses countrywide starting January 10, buying the precious metal will become more risky, as customers will be fined if they conduct transactions with an unlicensed trader.
November 13, 2012 | 09:55
The State Bank of Vietnam has received gold bullion molds from five institutions that have been licensed to produce gold bars in order to seal and supervise, its Ho Chi Minh City branch has announced.
November 09, 2012 | 14:05
Saigon Jewelry Co, the producer of the national gold brand SJC, has detected more than 6,260 gold bars produced by other companies whose purity is far less than the 99.99 per cent the makers claim.
October 18, 2012 | 08:05
Saigon Jewelry Co (SJC) has finished the reprocessing of 4.000 taels of deformed gold bullions for its customers as assigned by the central bank early last week.
October 05, 2012 | 14:11
The public is currently holding some 400 tons of gold, worth a massive $22 billion, in reserve, but this huge source of foreign currency will remain uncirculated if the State Bank of Vietnam insists on banning banks from mobilizing gold deposits.
September 20, 2012 | 14:00
The State Bank of Vietnam Wednesday gave the go-ahead for the Saigon Jewelry Co to convert 13 tons of gold bullion, or 350,000 taels, of other brand names into its national SJC brand.
September 14, 2012 | 11:09
Saigon Jewelry Co., the country’s sole gold bullion producer, has recently asked permission to turn gold jewelry into SJC gold bars to make up for the short supply, but insiders said this will open the door to smuggled gold.
June 22, 2012 | 14:56
The local gold price has lost its VND42 million threshold again following the latest trend in the international markets.
May 30, 2012 | 13:47
Four days after the new regulation on trading gold bullion took effect, the domestic gold market has yet to stabilize as Saigon Jewelry Co, the country’s largest gold trader, now refuses to buy back deformed SJC gold bullion.
November 23, 2011 | 11:06
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.
August 01, 2011 | 17:38
Dinh Nho Bang, deputy chairman of the Vietnam Gold Business Association, talked with Tuoi Tre about ways to minimise negative impacts by rising gold prices and their effect on monetary policies.