Sunday, May 29, 2011

Vietnam Business News

Vietnam Business News


The gold deposit ban woes

Posted: 28 May 2011 07:53 PM PDT

Commercial banks' gold lending will no longer be allowed as of the first of May. Banks are therefore forced to hammer out a way out for their gold deposit assets. The central bank's Circular 11 dated April 20, 2011, rules that credit institutions shall not give loans in gold to customers and counterparts, including gold [...]


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