“The deadline when local commercial banks will be prohibited from mobilizing gold deposits is now just a month and a half away, but the question of how the State Bank of Vietnam will deal with the massive amount of public gold reserves after the ban comes into effect remains unanswered. The central bank ruled that the credit institutions would still be able to accept savings in gold bullion until November 25, 2012. The service allows customers to store their gold bullion at banks. Some banks do not charge customers for the service and even pay them dividends at the end of the terms.”

http://www.tuoitrenews.vn/cmlink/tuoitrenews/business/market-uncertain-as-gold-deposit-ban-approaches-1.87883?localLinksEnabled=false

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