SBV requires to report network of gold bar trading

The State Bank of Vietnam (SBV) issued Document No.1873/NHNN-QLNH to require joint-stock commercial banks, namely the Asia Joint-Stock Commercial Bank, the East Asia Joint-Stock Commercial Bank, the Export and Import Joint-Stock Commercial Bank, the Vietnam Technological Joint-Stock Commercial Bank and the Sai Gon Jewelry Company Limited (SJC), to report their networks of gold bar trading.

Accordingly, to promptly develop networks of gold bar trading in order to meet the demands of people in all the provinces and cities across the country, SBV requires the aforesaid banks and the SJC to submit detailed reports of their current networks of gold bar trading. In addition, they are required to report their plans and capacity to develop their own networks of gold bar trading.

Their reports should be sent to SBV (Foreign Exchange Management Department) by April 9, 2012.

sbv

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