Gold owners concerned as new restrictions loom large
February 19, 2013 | 17:00
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.
More problems emerge in gold bullion restriction
January 17, 2013 | 14:11
A number of new problems continue to attract complaints a week after the restriction on the gold bullion trading market took effect, with even the banks licensed to buy and sell the precious metal now facing challenges in following the new rule.
Buying gold bullion to be riskier under new law
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.
SJC finds 6,200 gold bullion of below-par purity
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.
Producers rip off non-SJC gold bullion holders
November 02, 2012 | 14:35
Holders of gold bullion under brand names other than the national brand SJC have been forced to sell the precious metal at a far lower price than the rate they bought it at, even when the transactions are made at the original producers of the gold bars.
Fake SJC gold bullion returns to market
September 17, 2012 | 11:01
Gold bullion copying SJC, the country’s most popular brand name, has recently re-emerged on the market, dismaying both gold traders and the bars’ authentic producer, Saigon Jewelry Co.
Gold hits 6-month high on world trend
September 03, 2012 | 16:41
The local gold price has hit a 6-month high, exceeding VND45 million a tael, following global trends.
SJC sells 975 kg gold on slipping gold prices
December 15, 2011 | 20:14
Saigon Jewelry Co (SJC) sold 26,000 taels of gold, or 975 kilograms, in the last 3 days when the world gold price started its downward trend.
Several gold bullion processors cease production
December 01, 2011 | 08:57
Even though the government’s new decree on the management of gold trading has yet to take effect, some gold bullion producers have temporarily halted their processing work.
SBV unveils draft decree on gold trading management
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.
Restrict speculation through bullion trading ban
March 02, 2011 | 20:00
Cao Sy Kiem, a member of the National Monetary Policy Consulting Committee, said free market bullion trading should be banned and the State Bank should manage the gold market towards concentrating gold imports for a positive impact on the forex market.
Mobile Version