over 158000 taels of gold sold in six auctions

Over 158,000 taels of gold sold in six auctions

Some 158,200 taels of gold bullion (roughly six tonnes) were sold in six auctions held by the State Bank of Vietnam (SBV).
government orders a lowering of lending interest rates and taxes

Government orders a lowering of lending interest rates and taxes

The government has requested the State Bank of Vietnam (SBV) to continue cutting lending interest rates, along with corporate income and value added taxes in an urgent measure to hasten the recovery of the national economy.
central bank calls for loan interest cuts

Central bank calls for loan interest cuts

State Bank of Vietnam (SBV) Governor Nguyen Van Binh has called on commercial banks to cut costs in order to reduce interest rates on business loans.
second gold auction ends in success

Second gold auction ends in success

26,000 taels of gold bullion was successfully sold at the second auction held by the State Bank of Vietnam on April 4.
2000 taels sold in first gold auction

2,000 taels sold in first gold auction

Only two entities offering prices in the first gold auction organized by the State Bank of Vietnam (SBV) on Thursday won the right to buy 2,000 taels of gold out of one tons offered for sale.
credit institutions banned from opening gold accounts

Credit institutions banned from opening gold accounts

Credit institutions have been banned from providing loans to customers to buy gold, according to the State Bank of Vietnam (SBV).
2000 taels of gold sold in first bidding

2,000 taels of gold sold in first bidding

As many as 2,000 taels of gold were sold at VND43.81 million (about $2,100) each in the first gold bullion bidding held by the State Bank of Vietnam (SBV) on March 28.
state bank empowered to stabilise gold prices

State Bank empowered to stabilise gold prices

The State Bank of Vietnam (SBV) has officially been allowed to trade gold bars in efforts to stabilise the local gold market and to stock gold bullion for the State foreign exchange reserve.
sbv its not time to import gold

SBV: It’s not time to import gold

The State Bank of Vietnam (SBV) on Thursday rejected the possibility of importing gold, saying that the gold amount in the nation’s foreign reserves is enough for the agency to intervene in the domestic market.
state bank rejects dong devaluation

State Bank rejects dong devaluation

The State Bank of Vietnam (SBV) has decided to maintain foreign exchange rates, and has the capacity to do so, said one official.
exchange rates to follow market rules

Exchange rates to follow market rules

State Bank of Vietnam (SBV) Governor Nguyen Van Binh has said exchange rates in 2013 will be adjusted in accordance with market practices.
state bank rolls out gold market measures

State Bank rolls out gold market measures

The State Bank of Vietnam (SBV) has developed several measures to closely monitor and control the domestic gold-bullion market.
gold owners concerned as new restrictions loom large

Gold owners concerned as new restrictions loom large

Owners of small amounts of gold bullion are concerned as the market may soon only accept amounts of 1 tael (37.5 grams), according to a draft decree recently released by the State Bank of Vietnam.
sbv gets tough on gold bar rules

SBV gets tough on gold bar rules

The State Bank of Vietnam (SBV) is gathering opinions from local banks and credit institutions on its draft circular on gold bar trading.
banks see gold bar trading unprofitable

Banks see gold bar trading unprofitable

Local banks licensed for gold bar trading have yet to make gains from this business, with some even having incurred losses due to stringent trading regulations of the State Bank of Vietnam.