Vietnam Business News |
| Banks and borrowers face aftermath of gold fever Posted: 20 Aug 2011 03:55 AM PDT Both banks and borrowers are burdened by gold lending chaos as the local price of the yellow metal has shot up staggeringly and remains high, at around VND45 million per tael to date. A tael equals to 1.2 troy ounces. The ratio of outstanding loans in gold to collateral is usually fixed at 50-60%. However, [...]
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