Five banks and SJC asked to report gold trading network

05-Apr-2012 Intellasia | SBV | 6:47 PM Print This Post

The State Bank of Vietnam (SBV) on April 3 issued a document requiring five banks namely ACB, DongABank (EAB), Eximbank, Sacombank and Techcombank and Saigon Jewellery One-member Ltd Co (SJC) to report about the deployment of gold bullion trading network.

According to this document, to urgently deploy the gold bullion trading networks to meet the demand of people all over the country, the central bank requires commercial banks and SJC to make detailed reports on their gold bullion trading network currently (with the name of branches, stores, provinces, cities, districts, wards and communes).

At the same time, these commercial banks and SJC must have planning reports and the ability to deploy the gold bar trading networks in the system.

The reports must be sent to the central bank’s Foreign Exchange Management Department before April 9, 2012.


Category: Finance

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