Vietnamese central bank moves to lower domestic gold prices

SBV official says market may be fixed but analyst points to shifts in supply and demand

State Bank of Vietnam, Hanoi
The State Bank of Vietnam

The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. A senior SBV official recently said the domestic gold price may be affected by illicit factors, but an independent analyst cast doubt on this theory.

The SBV will sell gold bars to the state-owned Saigon Jewelry Company (SJC) and lenders Agribank, Vietcombank, BIDV and VietinBank. The institutions will then sell the gold bars to the public

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account