Gold market again catches the eye
March 25, 2013 | 11:22
The bullion market situation is again coming into sharp focus.
Banks in trouble over outstanding gold loans
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.
Gold owners unable to earn interest
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.
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.
Gold molds of non-SJC producers sealed up
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.
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.
4,000 taels deformed gold bullions reprocessed: SJC
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.
Vietnam may waste $22bln in public gold reserves
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.
Cbank OKs 13-ton non-SJC gold bar conversion
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.
SJC seeks to turn jewelry into gold bullion
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.
Gold loses VND42 mln threshold again as world price drops
June 22, 2012 | 14:56
The local gold price has lost its VND42 million threshold again following the latest trend in the international markets.
SJC refuses to buy deformed gold bars
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.
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.
Expert suggests abolishing gold im/export licences
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.
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