HÀ NỘI — The State Bank of Vietnam (SBV) has issued new regulations to guide gold bar trading on the domestic market. The SBV also amends and supplements regulations on the responsibilities of the DMSFER in gold bar trading. In addition, the DMSFER will also act as the focal agency and coordinate with the Central Banking Department to perform payments for trading gold bars. At the same time, the DMSFER needs to coordinate with the Foreign Exchange Management Department and the Monetary Policy Department to develop the SBV’s gold bar trading plans. Credit institutions and enterprises are allowed to appoint only one representative to participate in each gold trading with the SBV.
