31 enterprises receive licenses for trading gold bars

17:00 | 29/12/2012
The State Bank of Vietnam (SBV) has granted licenses for the trading of gold bars to 31 enterprises.

The enterprises, who have passed have had to adhere to the tight regulations of the SBV, include 17 credit institutions and 14 enterprises.

As such, the gold bullion trading network will cover 63 provinces and cities, including 2,456 points of transaction.

Gold shops will be required to post their buying and selling prices for gold bars.

The SBV also issued Circular No. 38 on December 28, requiring credit institutions to keep gold position at 2% lower than their chartered capital and obtain positive position with gold by the end of every day.

Banking experts have said that the tight regulations to take effect on January 10, 2013, will help improve management of the trade of gold. 

List of 31 credit institutions and enterprises granted gold bar trading licenses:

1. Asia Commercial Joint-Stock Bank
2. Vietnam Joint Stock Commercial Bank for Industry and Trade
3. Vietnam Joint Stock Commercial Bank for Investment and Development
4. Vietnam Bank for Agriculture and Rural Development
5. Dong A Joint Stock Commercial Bank
6. Vietnam Maritime Commercial Joint Stock Bank
7. Vietnam Technological and Commercial Joint- stock Bank
8. Nam A Commercial Joint Stock Bank
9. Ho Chi Minh City Development Bank
10. Phuong Dong Joint-Stock Commercial Bank
11. Phuong Nam Joint-Stock Commercial Bank
12. Sai Gon Thuong Tin Commercial Joint-stock Bank
13. Sai Gon Joint Stock Commercial Bank
14. Tien Phong Joint Stock Commercial Bank
15. Viet A Joint Stock Commercial Bank
16. Vietnam Prosperity Bank
17. Vietnam Export Import Commercial Joint Stock Bank
18. Ho Chi Minh City Agribank Gold, Silver and Gemstone Company
19. Vietnam Agribank Gold Joint Stock Corporation
20. Bao Tin Minh Chau Company Limited
21. DOJI Gold & Gems Group
22. Vietnam Gold Investment and Trading Corporation
23. Kim Ngoc Phu Company Limited
24. Ngoc Hai Gold, Silver And Gemstones Company Limited
25. Ngoc Tham Gold Silver Gemstone Company Limited
26. Phu Nhuan Jewelry Joint Stock Company
27. Phuc Thanh Gold and Silver Company Limited
28. Phuong Nam Gold Silver Gemstone Trading JSC
29. Gold Silver Gemstone Saigon Thuong Tin Commercial Bank Company Limited
30. Saigon Jewelry Company Limited
31. Mi Hong Gold Trading Company Limited

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