SBV releases more gold into market

The State Bank of Vietnam (SBV) resumed auction of gold after a pause of two weeks, selling 19,900 taels out of 20,000 taels of gold at the 58th gold auction on September 12 with highest bid at VND38 million per tael, and lowest bid at VND37.94 million per tael.

Since March 28, the State Bank has held 58 gold auctions and sold 1,537,100 taels of gold, more than 59.1 metric tons of gold out of 1,642,000 taels that were put up for auction.

After the 58th gold auction, the price of SJC-brand gold dropped to VND37.4 million per tael for buying, and VND37.65 million per tael for selling as of 8.30am on September 13.

By Song Nguyen – Translated by Thuy Doan

Other news

Most view

Gov't decides not to cancel Jin Air's license

Gov't decides not to cancel Jin Air's license

 South Korea's government said Friday that it has decided not to revoke Jin Air's license, ending weeks of business uncertainty for the low-cost affiliate of Korean Air Lines Co. over its illegal appointment of a foreign national to its board of directors.

Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market