The State Bank will pilot a gold trading floor in 3 phases.

QNgTV- According to the representative of the State Bank, the management agencies will divide the pilot trading floor into 3 phases.

The State Bank will pilot a gold trading floor in 3 phases.

In the initial period, the gold trading floor will only operate domestically, not yet connected to international models. Participants in the initial stage include: organizations providing gold trading floor services, payment banks (money transfer, deposit account management, reconciliation) and trading members including banks and businesses licensed to import.

In phase two, the management agency will expand the gold bar product.

In the final stage, domestically circulated gold, fund certificates and derivative instruments will appear and connect with the international market. Only trading in raw gold in the first stage is to control and make transparent import and production activities.

After this phase of operation is stable, the management agency can expand the list of trading products, such as gold bars produced by units licensed by the State Bank.

At that time, trading volume will increase significantly, creating a foundation to move towards derivative products such as electronic gold and gold certificates, similar to the model that other countries are applying.

Source: https://quangngaitv.vn/ngan-hang-nha-nuoc-se-thi-diem-san-giao-dich-vang-theo-3-giai-doan-6508727.html