commercial banks

Reference exchange rate up VND21 on October 3
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND/US$24,115 on October 3, up VND21 from the previous day.
  • SJC gold price VND10.3 million higher than world price
    The price of SJC gold continued to drop, trading below VND81 million (US$3,171) per tael on Monday morning, narrowing the gap between domestic and international gold prices of VND10.3 million (US$403) per tael.
  • SJC gold falls below VND79 million per tael
    At 10:45 am on June 4, the four state-owned banks simultaneously announced that the selling price of an SJC-branded gold bar was VND78.98 million (US$3090) per tael, falling VND1 million (US$39) a tael compared to yesterday evening.
  • Four state-owned commercial banks to sell SJC gold as of June 3
    The State Bank of Vietnam (SBV) is expected to sell SJC gold through four state-owned joint stock commercial banks as opposed to through auctions from June 3 with the aim of ensuring market stabilisation.
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