Central Bank postpones gold auctions
The State Bank of Vietnam (SBV) is postponing gold auctions in the light of the large gap between domestic and global prices of the precious metal.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong highlighted significant progress the central bank has made in stabilising domestic gold prices, while responding to legislators’ questions on gold market management at the 15th National Assembly’s eighth session on November 11.
Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man on May 13 voiced concern over skyrocketing gold prices, asking the Government to quickly review market management measures to narrow the wide gap between domestic and global prices.