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CATEGORY

Financial Markets

Financial Markets

Strong demand drives up local gold prices – report

Do An -
HCMC - Vietnam's increasing demand for gold is impacting market dynamics, resulting in record-high quarterly prices, according to the World Gold Council's Gold Demand...
Financial Markets

Gold price spike continues

The Ky -
HCMC - Gold prices continued soaring this afternoon, May 6, reaching VND86.5 million per tael after a midday dip. In HCMC, the Saigon Jewelry Company...
Financial Markets

Charter capital cuts planned for banks subject to forced transfer

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HCMC - The State Bank of Vietnam (SBV) would decide whether the charter capital of commercial banks subject to forced transfer in a bid...
Financial Markets

PM tells MPS, SBV to tackle cross-ownership at banks

Dat Thanh -
HCMC – Prime Minister Pham Minh Chinh has directed the Ministry of Public Security (MPS) to work with the State Bank of Vietnam (SBV)...
Financial Markets

SBV cancels gold auction for third time due to lack of bidders

The Ky -
HCMC - The State Bank of Vietnam (SBV) has announced the cancellation of its gold auction for 16,800 taels of SJC gold this morning,...
Financial Markets

SBV wants bank deposit incentives banned

Dat Thanh -
HCMC – The State Bank of Vietnam (SBV), the central bank, has proposed prohibiting banks from offering depositors of Vietnamese dong those incentives contradicting regulations. The...
Financial Markets

Gold auction cancelled over lack of bidders

Dat Thanh -
HCMC - The State Bank of Vietnam (SBV) has cancelled today's gold auction of 16,800 taels due to the lack of bidders, marking the...
Financial Markets

Central bank injects VND36 trillion into banking system

Dat Thanh -
HCMC - Vietnam's central bank has injected VND36 trillion into the banking system through open market operations (OMO). On April 23, nine banks borrowed VND36...
Financial Markets

SBV warns against unregulated foreign currency trading

Dat Thanh -
HCMC - The HCMC branch of the State Bank of Vietnam (SBV) has told citizens to avoid participating in informal foreign exchange markets. In a...
Financial Markets

SBV sells just 3,400 of 16,800 taels of gold put up for auction

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HCMC – The State Bank of Vietnam (SBV) sold a mere 3,400 out of 16,800 taels of gold put up for auction this morning,...

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