Vietnam’s central bank raises gold position limits for key lenders
The State Bank of Vietnam is set to increase the end-of-day gold position limit for certain credit institutions. Under the new rule, banks authorized to produce, export, or import gold will see their limit rise from 2% to 5% of their charter capital. The move is designed to boost market flexibility and align domestic gold prices more closely with global rates.
The adjustment will apply only to banks licensed for gold production, import, or export. Institutions limited to trading gold bars without these permissions will keep their existing 2% cap. Negative gold positions will remain prohibited for all credit institutions.
The change will give authorized banks more room to supply gold to the market. This could help reduce the price gap between Vietnam and global gold markets. The central bank will monitor implementation to ensure compliance with the new rules.
