SBV, SJC sign deal to process gold bar

Nhan Dan - The Saigon Jewelry Company (SJC) will process gold bar for the State Bank of Vietnam (SBV), according to a contract signed by the two parties on February 26.

In accordance with the terms of the contract, the SBV will produce gold bullion from its gold materials and SJC will process it.

The gold bullion processing will be strictly supervised by the SBV and the SJC will be responsible for guaranteeing both the quality and technical specifications of the processed gold bars.

The contract will serve as the basis for the SBV to actively control both the quality and the quantity of gold in its efforts to timely regulate the gold market and keep the domestic gold price in alignment with the world price.

Back to top