From June 3, Agribank sells gold directly to people

From June 3, Agribank will sell gold to individuals in need.

According to Agribank General Director Pham Toan Vuong: On Agribank's side, with the advantage of a widespread transaction network, Agribank has fully implemented the necessary conditions to be ready to start supplying gold to people from June 3.

“In the immediate future, we will organize implementation in Hanoi and Ho Chi Minh City and monitor market developments to continue to expand, ensuring compliance with market demand,” said Mr. Pham Toan Vuong.

According to the General Director of Agribank, the bank will initially sell gold to individuals in need. “Basically, the procedures will be very convenient and simple, but customers also need to pay attention to procedures related to personal identification and comply with some regulations on transactions, legal payments on invoices and anti-money laundering,” Mr. Pham Toan Vuong noted.

Accordingly, issuing invoices and paying through accounts helps confirm legal transactions, as well as confirm the buyer's ownership; at the same time, this also helps state management agencies grasp transactions and the amount of gold circulating among individuals, organizations and units licensed to trade in gold.

“With the responsibility of a commercial bank, we ensure to supply the legitimate needs of the people. Regarding the selling price, we participate in the market to sell gold, not for profit but most importantly to achieve the goal of reducing the difference between domestic and international gold prices compared to the present,” shared a representative of Agribank.

Source: https://baotuyenquang.com.vn/tu-ngay-3-6-agribank-ban-vang-truc-tiep-den-nguoi-dan-192832.html