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Customers crowd Vietnamese banks to buy gold
By Quynh Tran and Giang Huy
VN Express, Hanoi
Monday, June 3, 2024
Banks in Hanoi and Ho Chi Minh City saw up to 50 customers queuing at a time Monday to buy gold, which the banks are selling at below market rates.
At 2 p.m. an Agribank branch in HCMC's District 1 saw dozens of customers queuing in the basement to await their turn to buy.
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The bank, along with Vietcombank, VietinBank, and BIDV, bought gold from the State Bank of Vietnam at VND78.98 million ($3,107.00) per tael and sold it at no more than VND79.98 million to retail customers, 1.2% lower than market prices.
This is the latest effort of the central bank to narrow the gap between domestic and global gold prices. ...
... For the remainder of the report:
https://e.vnexpress.net/photo/business/customers-fill-up-banks-to-buy-gold-4754029.html
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