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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
gold , certificates , cash deposits

Next In Business News

Foreign investors turn net buyers with RM42.5mil equities inflow last week
Trading in Sunway, IJM shares suspended pending anouncement
FBM KLCI maintains rally as risk appetite improves
Trading ideas: Capital A, Iconic, UEM, MMAG, Meta Bright, KKB, Global Oriental, Reneuco, ITMAX, Insights Analytics
Ringgit opens marginally lower as US policy repricing lifts DXY
JPMorgan poised to profit from Maduro arrest
MyBeST charges up for execution
MiniMax shares double in IPO debut
Data centres underpin earnings for power companies�
The Week Ahead

Others Also Read