ACB Makes History: First Vietnamese Bank to Trade Gold Bullion
The Asia Commercial Joint Stock Bank (ACB) in Vietnam has made history by resuming its gold bullion trading activities and introducing its own branded gold bullion product. This move, effective October 10, 2025, makes ACB the first bank in the country to offer such a service in the stock market today.
ACB customers can now purchase ACB-branded bullion, SJC gold bars, and other gold types specified by the bank. Transactions must be conducted in Vietnamese đồng using ACB-held accounts. The bank has chosen select branches to facilitate these transactions in the gold market today.
ACB's return to the gold market coincides with significant industry policy changes. Meanwhile, Techcombank has plans to reenter the gold market by seeking international partnerships and developing a digital trading platform.
ACB's gold bullion trading activities will be open to individual customers with valid ID and institutional buyers holding a gold trading licence from the State Bank of Vietnam (SBV). The bank's branded gold bullion will trade alongside State-issued SJC gold, marking a new era in Vietnam's gold market.
Read also:
- U.S. CBP's Operation Plaza Spike Boosts Fentanyl Seizures Along Arizona-Mexico Border
- Regensburg Court Sentences Pizza Delivery Owner for Illegal Employment, Tax Evasion
- Tesla's EV Market Share Plummets in Europe, US Competition Intensifies
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
