The State Bank of Vietnam (SBV) plans to continue granting gold bullion trading licences after the Lunar New Year, including four credit institutions and further enterprises.

According to the SBV’s Ho Chi Minh City branch, 31 enterprises, including 17 credit institutions and 14 enterprises have received licenses and are preparing to start trading gold on January 10.

After January 10, the SBV will conduct inspections on these firms to deal with any violations.

The central bank will also continue its strict management of the gold market as stipulated by Decree 14 and Circular 16.-VNA