Vietnamese Debating Gold Borrowing

Vietnam’s plan to stop gold borrowing at local banks has sparked heated debate within the country.  Some banking insiders believe the new policy could cause banks to lose a huge capital source that would serve economic development in a country that has private ownership of  some 500 tons of gold valued at $17 billion.

The country has more than 10 banks involved in gold borrowing and lending activities, accounting for 30% of the total volume privately held by the public.  Earlier this year, the government closed local gold exchanges to ease gold speculation.

More on gold trading in Vietnam

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One response to “Vietnamese Debating Gold Borrowing

  1. Hi there,

    I am working with TVT4 to produce a business talk show focusing on Vietnam investment. I would be interested to get Jeff’s contact to have a discussion with him on the matter. Thanks

    Cheers,

    Phi Nguyen

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