gold auctions

Update news gold auctions

Central bank says to intervene in gold market

 VietNamNet Bridge – The State Bank of Vietnam (SBV) said in a statement released on May 25 that it is always ready to intervene in the gold market that has become volatile in recent days.

BUSINESS IN BRIEF 17/5

 SBV to resume gold auctions if demand rises; Foreign banks invest US$1.5 bln in house construction chain; Railway corporation faces comprehensive inspection; Defects found in major expressway project; HCM City delays using automated customs system

BUSINESS IN BRIEF 5/1

 Holiday season drives prices up; VAMC eats up bad debts from credit institutions; SBV to continue gold auctions; New house tax to fund infrastructure; Exports need quality breakthroughs; New shipbuilding firm to begin operations

BUSINESS IN BRIEF 19/12

 Central bank will continue gold auctions; Debt legislation won't be delayed; Central bank sets new rules for foreign currency lending; SBV approval to lend in foreign currency; Motorbike sales stutter despite holiday discounts

Three-month gold sales total 45 tons

 VietNamNet Bridge – An additional 26,000 taels of gold was sold at auction on Tuesday, taking the total so far to over 1.19 million taels, or nearly 45 tons.

SBV to approve imports of gold for jewelries

VietNamNet Bridge – The State Bank of Vietnam will give approval to enterprises to import material gold to serve production of jewelries and gold artworks,

NA deputy blasts SBV on gold market management

 VietNamNet Bridge – Deputy Huynh Ngoc Anh of the National Assembly (NA) last Wednesday blamed the State Bank of Vietnam (SBV) for the wide gap between local and global gold prices,