Vietnam’s central bank to take over gold bar production in May
Emmm, dah lama tak update blog ni. Sejak akhir-akhir ni banyak je masalah yang melanda.
Five commercial banks – ACB, Dong A, Eximbank, Sacombank and Techcombank – have been ordered to report on their plans for setting up gold trading networks by April 9. Local media said the order may imply that these lenders have been chosen as official sales agents for the central bank.
SJC, the country’s largest gold trader and producer, has been asked to do the same. The Ho Chi Minh City-based company now holds 90 percent of the gold bar market in Vietnam.
Central bank governor Nguyen Van Binh announced plans to take control of gold bar production and place SJC under its management last November.
The new decree continues to allow locals to buy, sell and own gold. It bans using gold as a means of payment.
Kali ini aku nak tepek info tentang Vietnam pula hehe....
Last Updated: Thursday, April 05, 2012 03:00:00
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The government is tightening regulations on the trading of gold bars
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The State Bank of Vietnam will have complete control over gold bar production as well as the export and import of materials for casting the bullion, a new government decree says.
The decree, which takes effect on May 25, also tightens regulations on the trading of gold bars. Bullion traders will be required to have a registered capital of at least VND100 billion (US$4.8 million), a minimum tax payment of VND500 million, and a presence in at least three provinces or major cities.Five commercial banks – ACB, Dong A, Eximbank, Sacombank and Techcombank – have been ordered to report on their plans for setting up gold trading networks by April 9. Local media said the order may imply that these lenders have been chosen as official sales agents for the central bank.
SJC, the country’s largest gold trader and producer, has been asked to do the same. The Ho Chi Minh City-based company now holds 90 percent of the gold bar market in Vietnam.
Central bank governor Nguyen Van Binh announced plans to take control of gold bar production and place SJC under its management last November.
The new decree continues to allow locals to buy, sell and own gold. It bans using gold as a means of payment.
