Gold savers no longer queue to buy gold at banks
The long lines of gold savers were no longer seen outside the designated sites of four state-owned commercial banks on the morning of June 17.
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Since June 17, Agribank, BIDV and VietinBank have allowed registrations for the purchase of the precious metal with the SJC hallmark on their websites. Vietcombank has been applying this method since June 12.
| Customers purchasing SJC hallmark gold bars. |
| Photo: VNA/CVN |
The banks said they only sold gold bars to those who successfully registered on their websites.
On the morning of June 17, only a few people showed up at bank branches to buy gold, but bank employees asked them to register online. For each registration, customers are allowed to purchase one gold bar per day.
The move came after two weeks of banks selling SJC-marked gold bars directly to people and recording crowds at their designated sites.
Previously, the State Bank of Vietnam (BEV) authorized Agribank, Vietcombank, Vietinbank, BIDV, as well as the Saigon Jewelry Company (SJC) to purchase SJC-marked gold bars from the BEV and sell them to the public. This aims to maintain market stability and ensure a balanced gold market.
VNA/CVN
