, Vietnam

VietABank issuing C/Ds in gold

VietABank is issuing short-term certificate of deposits in gold with a total of 80,000 taels up to November 3, 2010.

 

These are for terms of 1, 2, 3, 6, 9 and 11 months.

The principal and interest will be paid once when due. Additionally, if necessary customers can mortgage, discount for transfer these C/Ds.

State Bank of Vietnam s Governor, Nguyen Van Binh said the central bank on behalf of the government will mobilize gold from people to stabilize the gold market. The central bank will not directly raise gold but this precious metal will be mobilized through credit institutions.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!