Vietnamese central bank moves to lower domestic gold prices

The State Financial institution of Vietnam (SBV) began promoting gold on to 4 state-owned business banks in the present day (June 3), aiming to decrease the steel’s home value. A senior SBV official just lately mentioned the home gold value could also be affected by illicit elements, however an impartial analyst forged doubt on this concept.

The SBV will promote gold bars to the state-owned Saigon Jewellery Firm (SJC) and lenders Agribank, Vietcombank, BIDV and VietinBank. The establishments will then promote the gold bars to the general public

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