The Art of Gold: Navigating the Central Bank’s Updated Gold Bar Trading Procedures

The State Bank of Vietnam (SBV) announces its gold bullion buying and selling sessions with a timely notification, sent no later than 2 hours prior to the trading session. This official communication is dispatched to authorized credit institutions and enterprises with established gold bullion trading relationships with the SBV, via their registered email addresses.

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The State Bank of Vietnam (SBV) has issued Decision No. 1012/QD-NHNN on amending and supplementing a number of articles of the Process for buying and selling gold bars of the State Bank of Vietnam, issued together with Decision No. 563/QD-NHNN dated March 18, 2013.

Accordingly, Article 13, which is on the amended and supplemented notification of gold bar trading, stipulates that no later than 2 hours before the time the State Bank organizes the trading of gold bars, the State Foreign Reserve Management Department shall send a notification of gold bar trading via email to credit institutions and enterprises that have established gold bar trading relations with the State Bank at their registered email addresses.

SJC gold bar prices have been fluctuating recently. (Illustrative image)