As many as 2,000 taels of gold were sold at 43.81 million VND (about 2,100 USD) each in the first gold bullion bidding held by the State Bank of Vietnam (SBV) on March 28.

Two out of the 21 registered credit institutions and enterprises won the bidding. The sold amount is part of 26,000 taels put out for sale.

This was organised in line with the SBV’s Circular No. 06/2013/TT-NHNN dated March 12, 2013, on gold bullion trading in the domestic market and the Governor’s Decision No. 563/QD-NHNN dated March 18, 2013, on the process of gold bullion trading.

Through the sale, SBV aims to raise the gold supply and to stabilise the market.-VNA