Buying gold online is "as difficult as heaven"
At 9am on June 25, Ms. Tran Thi Oanh (55 years old) turned on her computer to register to buy gold bars online. However, after many attempts, Ms. Oanh's registration to buy gold was still in vain.
Ms. Oanh chose the Joint Stock Commercial Bank for Foreign Trade ( Vietcombank ) to register first because she has a payment account at this bank. However, after logging in, Ms. Oanh could not select the time slot to register to buy because the number of registrations to buy gold was full.
When banks first started selling gold, Ms. Oanh was one of hundreds of people lining up to buy gold at Vietcombank’s transaction branch. Despite the heat and waking up early in the morning, Ms. Oanh still could not buy gold.
As soon as the bank announced the registration to buy SJC gold online, Ms. Oanh was overjoyed. Although she was not proficient in computers, after many days of reading and researching on Vietcombank's website, Ms. Oanh knew every location and button to press to register to buy gold.
"I have saved for many years but only deposited money. This year, my daughter advised me to buy gold for reserves, so I closed my account. But since withdrawing the money, I have not been able to buy any gold, even though I have to wait every day, wait for the right time to queue up and register to buy gold," said Ms. Oanh.
After failing to log in at Vietcombank, Ms. Oanh switched to logging in at the Bank for Agriculture and Rural Development ( Agribank ) but the result was also unsuccessful. At the other two banks, BIDV and VietinBank, "BIDV requires registering a new account, while VietinBank's website interface cannot be pressed even though it is in the registration period.
No bank is allowed, buying gold is as difficult as going to heaven. Now the weather in Hanoi is milder, maybe I will run to the bank again" - Ms. Oanh said.
"The difficulty in buying gold is also intentional"
A Vietcombank employee told reporters that the bank only sells 50 taels of gold per day. Therefore, the number of registrations to buy gold quickly runs out.
From a personal perspective, Dr. Chau Dinh Linh - Lecturer at Ho Chi Minh City Banking University said that the fact that people find it difficult to buy gold could also be an intention of the Operator.
Accordingly, in the past, the domestic and world gold prices had a large difference, at times the domestic gold price was 20 million VND/tael higher than the world price. Speculation appeared in the market, some organizations and groups of people inflated prices, causing losses to the people, especially those who had real purchasing needs.
"The recent implementation of gold sales through State-owned commercial banks and SJC Company has helped eliminate speculative activities; Second, the desire to buy gold has been reduced, limiting people's FOMO (fear of missing out) mentality. Gold buyers have begun to consider other items such as gold rings. The proof is that the price of gold rings has increased in recent days, the trend is almost equal to the price of gold bars, while the price of SJC gold remains stable" - Dr. Linh said.
Currently, the price of SJC gold bars sold to people through 4 state-owned commercial banks and SJC Company is still stable at 76.98 million VND/tael.
Dr. Linh said that the bank's information technology system was built to serve existing customers and current transactions, not for gold trading activities, so it is completely normal for bottlenecks or congestion to appear.
Remember, at the recent meeting of the State Bank with gold trading units on June 21, Mr. Nguyen Thanh Tung - General Director of Vietcombank said that in the coming time, the bank will continue to optimize the process of supplying gold and selling gold to people, continue to put gold sales on the app, and make cashless payments to ensure transparency and convenience.
In her directive speech, State Bank Governor Nguyen Thi Hong requested units to receive comments and propose amendments to Decree 24/2012/ND-CP on management of gold trading activities.
The State Bank's leaders affirmed that they have enough determination, resources, and tools to implement appropriate short-term and long-term solutions for the gold market to develop stably according to the principle of a market under State management.
Source: https://laodong.vn/kinh-doanh/truy-cap-4-ngan-hang-big4-van-khong-the-mua-vang-1356858.ldo
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