Banks adjust SJC gold bar selling time on June 4

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said today, June 4, after completing the procedures for purchasing, receiving and delivering SJC gold bars from the State Bank and transporting them to the bank's warehouses, Vietcombank will serve customers to buy gold from 1:30 p.m.

However, if needed, customers can go to Vietcombank's gold bar selling points to place orders for gold bars from 9:00 a.m. on the same day and will make gold bar purchases from 1:30 p.m. according to Vietcombank's selling price at the time the customer makes the gold bar purchase.

When customers want to make a gold bar purchase transaction, they need to deposit to Vietcombank with a value equivalent to 10% of the purchase value calculated according to Vietcombank's gold bar selling price on June 3 (ie 79.98 million VND/tael) with the number of gold bars the customer orders.

Vietcombank notes that customers can deposit in cash or by bank transfer. In case of deposit but not coming to pay and/or not paying in full, the bank will not refund the deposit corresponding to the number of gold bars not purchased.

When coming to deposit or purchase gold bars, customers need to bring identification documents such as citizen identification card or valid identity card or passport.

Previously, since the afternoon of June 3, Vietcombank and 3 other state-owned commercial banks have started selling SJC gold bars directly to individual Vietnamese customers. Of which, Vietcombank has arranged 6 transaction points in Hanoi and Ho Chi Minh City.

The selling price of SJC gold was listed by 4 banks at 79.98 million VND/tael. At the end of the trading day, Vietcombank sold all the gold it had purchased directly from the State Bank.

Ms. Phung Nguyen Hai Yen, Deputy General Director, said that Vietcombank sells customers the amount of gold bars according to their needs and based on the amount of gold bars available in the bank's warehouse.

In case the warehouse runs out of gold bars at the time the customer wants to buy gold bars, the sale of gold will continue when Vietcombank buys gold bars from the State Bank in the next purchase sessions. The customer can return to make the transaction at another time when the Bank has enough gold bars.

However, Ms. Yen emphasized that in case a customer deposits to buy gold, if they do not purchase gold according to the pre-order request, the customer will not receive the deposit back.

At gold selling points, Vietcombank arranges for individual customers to come to buy gold to be numbered in order and will serve customers in turn in order.

In addition, the Deputy General Director of Vietcombank also said that when customers buy gold bars at Vietcombank, they will be issued an electronic invoice as a sales invoice and sent to the customer's email. In addition, customers who buy gold bars are individual customers, so Vietcombank has included in the process at the gold selling points to immediately provide customers with a copy of the electronic invoice to make it easier for customers to receive transaction documents from the bank.

The information on the electronic invoice will have full information according to the law such as information about the seller being a Vietcombank branch, information about the buyer, type of goods, quantity of goods, unit price and value of the invoice. Due to the specificity of SJC gold bars, Vietcombank has added information about the serial number of gold bars on the electronic invoice issued to customers.

Updated information from VietinBank, BIDV and Agribank shows that banks continue to open to serve customers who want to buy gold from 9am this morning. However, at the locations that have sold out all the gold purchased directly from the State Bank on June 3, banks will process purchase orders from 1:30pm this afternoon, after completing the procedures to buy gold from the State Bank.

"The bank will directly contact customers who have placed orders and scheduled deliveries this morning to notify them of the specific gold sales plan," said a bank representative.

Currently, the above 4 banks only sell SJC gold bars, not buy gold from customers. The time for selling listed gold at the banks is from 9-11:30 am and from 1:30 pm to 4:00 pm.

In the beginning, the sale of SJC gold bars was implemented by 4 banks at 16 locations in Hanoi and Ho Chi Minh City. In Hanoi, there were Agribank's sales points at 2 Lang Ha (Ba Dinh) and 77 Lac Trung Street (Hai Ba Trung); BIDV sold at Vincom Tower A, 191 Ba Trieu (Hai Ba Trung) and 74 Tho Nhuom (Hoan Kiem); VietinBank sold at 81 Hue Street (Hai Ba Trung) and 1st Floor, Hoang Thanh Building, 114 Mai Hac De (Hai Ba Trung); Vietcombank sold at 11 Lang Ha (Ba Dinh), 11B Cat Linh (Dong Da) and 72 Tran Hung Dao (Hoan Kiem).

In Ho Chi Minh City, Agribank's gold selling points are located at 2 Vo Van Kiet (District 1) and 28-30-32 Mac Thi Buoi (District 1); BIDV at 134 Nguyen Cong Tru (District 1); VietinBank on the 15th floor, Building 93 - 95 Ham Nghi (District 1); Vietcombank at 5 Me Linh Square (District 1), 23 Nguyen Huu Tho (District 7) and 50A Dang Van Bi (Thu Duc City).