General Director of SJC Company: The temporary suspension of gold purchases is due to objective reasons

Ms. Le Thuy Hang, General Director of SJC Company - Photo: PHUONG QUYEN

SJC Company is always responsible to customers for the quality of SJC gold bars.

Ms. Le Thuy Hang - General Director of SJC - confirmed the above when talking to the press about SJC Company temporarily stopping buying "one-word" gold in recent days.

Ms. Hang said that SJC gold bars are produced according to ISO 9001/2015 standards.

"One letter" gold is SJC gold bars with a serial number consisting of a letter preceding the number. This is the gold produced by SJC Company from 1992 - 1996.

For this "one-letter" gold bar, SJC Company has set aside a period of time for customers to convert to 2-letter gold bars without any cost.

Currently, the company still buys "one-letter" SJC gold bars at the same price as "two-letter" gold bars. The company will then process "one-letter" gold into "two-letter" SJC gold bars to sell to customers.

Ms. Hang also said that SJC gold with "one letter" and "two letters" that are dented, warped, and not qualified for circulation must be reprocessed. To reprocess, SJC Company needs to allocate resources and obtain permission from the State Bank.

In recent days, the company has temporarily stopped purchasing these types of gold due to objective reasons. Currently, the company has arranged resources to reprocess and will continue to purchase these types of gold again.

Consumers prefer "two-word" SJC gold bars

Regarding quality, Ms. Hang said that the "one-word" SJC gold bar has the same quality and weight as the "two-word" SJC gold bar.

But because the "one-word" gold bars were produced before 1996, after the "two-word" SJC gold bar product was born, consumers preferred to use the "two-word" SJC gold.

Currently, SJC Company no longer sells "one-letter" gold bars but only purchases them to reprocess into "two-letter" SJC gold bars.

Source: https://tuoitre.vn/tong-giam-doc-cong-ty-sjc-viec-tam-ngung-mua-vang-mot-chu-do-nguyen-nhan-khach-quan-20240803150316125.htm