Banks stop offering gold loans

Banks stop offering gold loans

Credit institutions are no longer allowed to give loans to customers who want to purchase gold in any form, including primary gold, bullion and jewellery, according to the State Bank of Viet Nam (SBV).
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).
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.
State Bank plans to mobilise more gold from public

State Bank plans to mobilise more gold from public

The former head of the Foreign Exchange Management Department Truong Van Phuoc had a talk with Tuoi Tre about the State Bank of Vietnam’s plan to mobilise a large source of gold from the public to buy foreign currencies to strengthen reserves.
Taking sense amid gold frenzy

Taking sense amid gold frenzy

Ho Quoc Tuan, a doctoral candidate at the United Kingdom’s Manchester University, examines the best way to restore order to the local bullion market and create a balance between domestic and world market gold prices.
Banks to stop gold loans, deposits

Banks to stop gold loans, deposits

Banks will stop lending gold from May 1 and will stop accepting gold deposits two years from that date, the State Bank of Vietnam said Thursday.
Banks limit gold deposit terms to curb dollarisation of economy

Banks limit gold deposit terms to curb dollarisation of economy

A number of commercial banks have continued to limit deposit terms and lower interest rates for gold deposits, in a bid to restrict these types of deposits pursuant to instructions issued by the central bank.