Calls for Vietnam central bank to issue gold certificates

Untapped asset: A file photo of gold bullion. Trade bodies in Vietnam say they are willing to work with the central bank on developing the country’s gold market.—Bloomberg

HANOI: The government should issue gold certificates that earn interest like cash deposits to attract 400 tonnes of gold from the public, experts suggest.

Other countries allow capital raising through gold certificates issued by the central banks, and the trading of gold certificates must follow strict rules, they said.