The State Bank will auction SJC gold bars.
On the afternoon of April 19, the State Bank of Vietnam announced a gold bar auction. Specifically: the auction will be held at 10:00 a.m. on April 22 at the State Foreign Exchange Reserve Management Department (State Bank of Vietnam); the auction will be conducted in the form of price. The total expected auction volume this time is 16,800 taels; the volume of a transaction lot is 100 taels; the deposit rate is 10%; the reference price is 81.8 million VND/tael.
The minimum volume a member is allowed to bid is 14 lots (1,400 taels); the maximum volume allowed to bid is 20 lots. The bid price step is 10,000 VND/tael. Each bidding member is only allowed to register a minimum price equal to or higher than the floor price announced by the State Bank of Vietnam.
The State Bank of Vietnam said that in case it cannot buy gold from the international market because the partner cannot supply enough gold to meet demand, this agency will decide to cancel the bidding results.
Credit institutions/enterprises participating in the bidding must meet all the conditions specified in Circular No. 06/2013/TT-NHNN dated March 12, 2013 of the Governor of the State Bank of Vietnam guiding the purchase and sale of gold bars in the domestic market of the State Bank of Vietnam; Decision No. 563/QD-NHNN dated March 18, 2013 promulgating the Procedures for purchase and sale of gold bars of the State Bank of Vietnam and related amendments and supplements.
Previously, the State Bank of Vietnam sent an official dispatch to the Ministry of Finance , requesting support in carrying out customs clearance procedures for imported gold for bidding.
The State Bank of Vietnam also requested the Ministry of Public Security to coordinate in organizing the SJC gold bar auction to ensure safe and effective operations.
Source
![[Photo] National Assembly Chairman Tran Thanh Man visits Vietnamese Heroic Mother Ta Thi Tran](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/20/765c0bd057dd44ad83ab89fe0255b783)
Comment (0)