December 19, 2011
File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop bullion production. Huge losses and unemployment for hundreds of workers loom as gold bullion producers prepare to [...]
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November 21, 2011
Bao Tin Minh Chau gold bars are displayed for sale at a gold shop in Hanoi Experts say gold buyers may fall victim to new restrictions planned for the bullion market, with concerns rising over potential monopolistic control. Dinh Nho Bang, vice chairman of the Vietnam Gold Traders Association, said the plan to reduce [...]
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March 9, 2011
A shop assistant buys gold and jewelry from a customer at a gold shop in downtown Ho Chi Minh City. Vietnam plans to eliminate gold bullion trading in the unofficial market. The State Bank of Vietnam is planning to eliminate gold bullion trading in the unofficial market in a move to reduce speculation, reduce inflation, [...]
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November 17, 2009
Under questioning by NA deputies on November 17, the State Bank Governor denied that it was an imbalance of supply and demand that caused gold prices to rocket recently. State Bank Governor Nguyen Van Giau. Though almost all the questions for the governor were long, his answers were very short. Unsatisfied, several deputies rose in protest. A [...]
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November 12, 2009
Vietnamâs central bank on Wednesday lifted a 1-1/2-year-old ban on gold imports in a bid to stabilize the market after a sharp rise in prices helped drive the countryâs dong currency to a record low. âThe State Bank of Vietnam will allow gold imports with a volume sufficient to intervene in the market in order [...]
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March 8, 2009
LookAtVietnam – Domestic gold prices have surged following dramatic increases in world gold prices while the US exchange market has plunged to its lowest level since 1996.SJC gold bars were bought at VND19.5 million per tael and sold at VND19.7 million per tael in the transaction in Hanoi on March 7, a rise of VND140,000 [...]
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