ANTD.VN - BIDV leaders said that the bank participated in selling gold to implement the market stabilization policy of the Government and the State Bank, so it did not set a profit target.
According to the announcement of the State Bank, in order to ensure the successful implementation of the market stabilization goal under the direction of the Government and the Prime Minister, the State Bank will sell gold directly to 04 State-owned commercial banks (Agribank, BIDV, VietinBank, Vietcombank) so that these banks can sell gold directly to the people.
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Four commercial banks will sell gold to people on June 3. |
Sharing about this issue, Le Ngoc Lam, General Director of the Bank for Investment and Development of Vietnam (BIDV), said that this is the right policy of the State Bank. Accordingly, BIDV will announce the list of gold bar selling points mentioned above, and the time to start selling gold bars on the Bank's website.
At the same time, complete the procedures for establishing a trading relationship for buying and selling gold bars with the State Bank. The bank will also publicly announce the daily gold selling price on BIDV's website.
According to Mr. Lam, the direct sale of gold to people will be implemented starting next Monday (June 3, 2024).
Regarding location, BIDV will establish a distribution network in major gold trading areas (Hanoi, Ho Chi Minh City, Da Nang, Can Tho, Ba Ria - Vung Tau...). Initially, it will be deployed in Ho Chi Minh City and Hanoi.
Regarding the selling method and price, BIDV leaders said that on June 3, the State Bank will sell gold directly to 4 state-owned commercial banks at a price determined by the State Bank, based on world prices and the management goal of reducing the price difference between domestic and international prices compared to the present.
“The selling price of gold bars will be publicly announced on the official websites of State-owned commercial banks for people to easily follow. We have determined that in order to implement the market stabilization policy of the Government and the State Bank, we will not set a profit target but will supply at a suitable price based on the purchase price from the State Bank. This will contribute to the early realization of the goal of reducing the difference between domestic and world gold prices,” said Mr. Le Ngoc Lam.
Source: https://www.anninhthudo.vn/bidv-chung-toi-khong-dat-muc-tieu-loi-nhuan-khi-ban-vang-ra-thi-truong-post577991.antd
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