sbv inconsistent in gold policy

SBV inconsistent in gold policy

The State Bank of Vietnam (SBV) sometimes said it would make local gold prices closer to the world’s prices, sometimes said it would not, and lately has announced it will join the gold market to bridge the price gap. Such inconsistency has put local consumers on tenterhooks, according to experts.
central bank seen intervening in gold trading

Central bank seen intervening in gold trading

The State Bank of Vietnam (SBV) in a draft decision on gold bar trading suggests a possibility of intervening in the gold market by transacting with gold trading organizations.
gold owners say licensed shops few and far between

Gold owners say licensed shops few and far between

While the State Bank of Vietnam claims that the 2,500 facilities countrywide licensed to trade gold bullion are enough to serve public need, gold bar holders are having trouble finding a proper place to sell their precious metal.
additional seven businesses licensed to trade gold bars

Additional seven businesses licensed to trade gold bars

The State Bank of Vietnam (SBV) on January 8 granted licences to five more credit institutions and two more businesses to trade in gold bars, raising the total number of qualified gold bar trading entities to 38.
sbv takes aim at macro stability

SBV takes aim at macro stability

With 2013 knocking on the door, in an interview with VIR, State Bank Governor Nguyen Van Binh expressed the State Bank of Vietnam’s (SBV) determination to ensure macroeconomy stability in the coming year.
31 enterprises receive licenses for trading gold bars

31 enterprises receive licenses for trading gold bars

The State Bank of Vietnam (SBV) has granted licenses for the trading of gold bars to 31 enterprises.
call for flexible management

Call for flexible management

Monetary measures enacted by the State Bank of Vietnam have shown success in ensuring macro-economy stability.
gold bar trading applicants okayed

Gold bar trading applicants okayed

The majority of companies applying for gold bar trading are eligible to do the job, according to Nguyen Hoang Minh, deputy director of the HCMC Branch of State Bank of Vietnam (SBV) in charge of inspecting the corporate candidates.
21 institutions seek gold bullion trading licences

21 institutions seek gold bullion trading licences

Eight banks and 13 companies have filed their applications to acquire the licence needed to trade gold bullion, the Ho Chi Minh City branch of the State Bank of Vietnam announced Tuesday.
gold molds of non sjc producers sealed up

Gold molds of non-SJC producers sealed up

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.
state banker describes changing market

State banker describes changing market

Deputy director Nguyen Hoang Minh at State Bank of Vietnam’s Ho Chi Minh City branch office brings some light to the city’s capital supply and banks’ performance in later months of the year.
state bank plans no import of gold

State Bank plans no import of gold

The State Bank of Vietnam has no plan to import gold any time soon since the metal is neither an essential item nor benefits the economy, Deputy Governor Le Minh Hung has said.
cbank mulls levying special consumption tax on gold

Cbank mulls levying special consumption tax on gold

Gold is likely to be subject to the same special consumption tax as automobiles and alcohol in the near future, Deputy Governor of the State Bank of Vietnam Le Minh Hung said at a media meeting Thursday.
govt plans to fix all weak banks in 2013

Gov’t plans to fix all weak banks in 2013

The government has tasked the State Bank of Vietnam to take necessary measures to tighten discipline on the banking sector and fix all weak banks in 2013, according to the government’s newly-issued resolution.
vietnam may waste 22bln in public gold reserves

Vietnam may waste $22bln in public gold reserves

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.