SBV grants gold trading licences to more firms

Jan 8th at 12:49
08-01-2013 12:49:34+07:00

SBV grants gold trading licences to more firms

State Bank of Viet Nam (SBV) plans to continue granting gold bullion trading licences after the Lunar New Year, including four credit institutions and further enterprises.

According to SBV branch in HCM City, 31 enterprises, including 17 credit institutions and 14 enterprises have received licenses and are preparing to start trading gold on Thursday.

After Thursday, SBV will conduct inspections on these firms to deal with any violations.

The central bank will also continue its strict management of the gold market as stipulated by Decree 14 and Circular 16

vietnamnews



NEWS SAME CATEGORY

Rice exporters face tough year

Viet Nam's rice exporters face difficulties ahead, especially in the first quarter because of low demand in the global market and stiff competition among other...

Vietnam rice exports reach record 7.7 mln tons

Vietnam’s rice exports in 2012 has reached a record high of 7.72 million tons, surpassing the 7.7 million ton target it set earlyier last year, the Vietnam Food...

Markets ripen for dragonfruit

Dragon fruit has taken the lead in Vietnamese fruit exports, recording the highest growth and value last year, according to the Ministry of Agriculture and Rural...

SBV's action to prevent banks’ gold speculation will help?

The State Bank of Vietnam has, for the first time in history, has set a cap on the commercial banks’ gold position, an action that aims to restrict the gold...

Cooking gas prices decline in HCM City

The retail price of a 12 kg gas canister in HCM City dropped by VND7,000 (US$0.33) on the first day of the new year following a decision by Saigon Petro Gas, one of...

Tighter regulations to control gold market

Seventeen banks and 14 companies will be granted licences to trade gold bars from next year, when the country implements tightened regulations to better manage the...

Fruit prices soar in Mekong Delta

Fruit varieties grown in the Cuu Long (Mekong) Delta are already fetching higher prices, nearly two months ahead of the Tet (lunar new year) holiday, when prices...

Petroleum prices cut by up to 2 cents

The prices of several types of petroleum were cut by 300-500 dong (1-2 US cents) per litre yesterday evening at the behest of the ministries of Finance and Industry...

Dragonfruit association denies price-fixing

Bui Dang Hung, chairman of Binh Thuan Dragon Fruit Association, yesterday rebutted rumours that local businesses made an agreement with each other to buy...

Tighter regulations to control gold market

Seventeen banks and 14 companies will be granted licences to trade gold bars from next year, when the country implements tightened regulations to better manage the...

Commodity prices


MOST READ


Back To Top