The State Bank of Vietnam (SBV) on January 8 granted licences to five more credit institutions and two more businesses to trade in gold bars, raising the total number of qualified gold bar trading entities to 38.
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The State Bank of Vietnam (SBV) on January 8 granted licences to five more credit institutions and two more businesses to trade in gold bars, raising the total number of qualified gold bar trading entities to 38.
The seven licensed businesses included Southeast Asia Joint Stock Commercial Bank (SeABank), Military Commercial Joint-Stock Bank (MB), Ocean Commercial Joint – Stock Bank (OceanBank), Mekong Housing Bank (MHB), Saigon – Hanoi Commercial Joint Stock Bank (SHB), Phu Quy Gold Investment Joint Stock Company and Vietinbank Gold and Jewelry Trading Company.
These businesses have 42 points of trade around the country including those in Hanoi, Hai Phong, Quang Ninh, Da Nang, Ho Chi Minh, Binh Duong, Dong Nai and Can Tho.
Overall, there are nearly 2,500 stores qualified for gold trading under licence at localities across the country.
(Source: VIR)
