State Bank auctions one more ton of gold
The State Bank of Vietnam sold 26,000 taels of gold, or one ton, at the 48th gold auction on July 30 to seventeen banks and companies with highest bid at VND38.08 million a tael and lowest bid at VND38 million.
During the past four months, the Central Bank had sold 1,297,400 taels of gold, or 49.9 tons, out of 1.4 million taels, or more than 53.8 tons, that were up for auction.
On July 30, the price of SJC-brand gold dropped by VND320,000 per tael to VND37.7 million for buying and VND38.1 million for selling.
Commercial banks also lowered US dollar exchange rate by VND10-30 on the same day. On the free market, dollars were bought at VND21,420 per dollar and sold at VND21,440 per dollar, down VND10-30 per dollar.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- The promotion of ESG via banking (November 21, 2024 | 09:32)
- Standard Chartered committed to Vietnam’s financial success (November 21, 2024 | 09:24)
- Full ESG adoption the priority for Agribank (November 21, 2024 | 09:07)
- Banks entice youth with tech advances (November 21, 2024 | 08:00)
- ESG represents a shift towards sustainability for banks (November 20, 2024 | 13:00)
- GGGI supports Vietcombank’s debut of $80 million green bonds (November 20, 2024 | 11:20)
- SHB and the ESG journey: creating social value in every step (November 19, 2024 | 15:00)
- Banking sector contributes to ESG, green growth, and sustainable development (November 19, 2024 | 14:42)
- ESG implementation in banking: from awareness to action (November 19, 2024 | 12:08)
- VIR hosts 'ESG in Banking: Leading Through Implementation' conference (November 19, 2024 | 11:14)
Mobile Version